North America is leading the market penetration of digital business cards with huge demand from the Gen Z populus along with giving many advantages over traditional paper cards. Digital cards and phone tags are set to become the new thing.
A digital business card or virtual business card offers a method of sharing information that would normally not be shared. Links to social media and specific videos can have long urls making them difficult to convey on paper cards.
Digital and Virtual Cards phone tags wrist bands use NFC technology to quickly transmit a website link of your contact profile to your new contacts smartphone. NFC is the magic ingredient that has made all this possible. The technology which has been used more in industry than consumer goods is making waves with digital business cards.
The explosion of services like ApplePay and GooglePay have given NFC a huge install base and the digital card companies are well aware of the potential market size.
Digital business card companies like wave.ws offer customers a pack of different cards and phone tags allowing users to create multiple profiles. Which means you are no longer limited to just one profile you can create many for different aspects of your life like work, social, events, side gigs. Multiple profiles and the ability to share what you want with ease and full customisation coupled with the huge number of smartphones that have NFC builtin is the reason for the potential growth in this market.
Currently in 2023 the global market for digital business cards is estimated at US $200 million. With it set to reach US $500 million by 2033. North America is forecasted to lead the race over the next decade.
The impact of digital business cards is being welcomed by environmentalists who claim that 90% of paper cards end up in landfills, the convenience and cost benefits of going digital are positive and have an impact on new businesses and entrepreneurs.
Businesses are having centralised CRM systems to manage the digital cards and can collect data on new contacts made by the field sales staff. This data was unavailable with paper cards.
Whichever way you look at business cards the truth is you're probably on your last batch of printed paper cards. Digital business cards simply offer a better product with numerous advantages.
Check out https://wave.ws for for information
