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Digital Business Card Market to Reach USD 6 Billion, at a 6.90% CAGR By 2030 – Market Research Future (MRFR)

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New York, USA, May 25, 2023 (GLOBE NEWSWIRE) — According to the market research report published by Market Research Future (MRFR), “Digital Business Card Market Information by Type, Platform, Pricing, Application and Region – Forecast till 2030”, the Digital Business Card Market could thrive at a rate of 6.90% between 2022 and 2030. The market size will reach around USD 6 billion by the end of the year 2030.

Market Synopsis:

In today’s digital age, the use of paper-based business cards is becoming outdated, giving way to a more advanced and efficient solution: digital business cards. As the name suggests, digital business cards are virtual cards that can be exchanged and shared through digital platforms such as smartphones, email, or social media. These cards offer numerous benefits over their traditional counterparts, including environmental friendliness, cost-effectiveness, and ease of sharing. With the growing demand for digitalization and virtual communication, the digital business card market is expected to witness significant growth in the coming years.

Digital business cards are primarily used for networking and communication purposes. They offer a quick and easy way to exchange contact information, allowing individuals and businesses to build and maintain professional connections effortlessly. These cards can be customized to include various forms of media, such as videos, images, and links to social media profiles, making them more engaging and memorable than traditional cards. Additionally, digital business cards can be easily updated and shared, eliminating the need for frequent printing and distribution of paper-based cards. This not only saves time and money but also reduces waste and contributes to a more sustainable environment.

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Market Competitive Landscape:

The affluent companies in the Digital Business Card industry include:

  • Haystack
  • HiHello Inc.
  • Inigo
  • L-Card
  • Switchit
  • Adobe
  • SnapDat
  • CamCard (US)

Latest Industry Updates (March 2021) –

LinkedIn announced the launch of its new feature, LinkedIn QR Code, which allows users to quickly connect with others by scanning a unique QR code. This feature enables users to create and share digital business cards, making it easier to connect with other professionals on the platform. This development is significant for the digital business card market as it demonstrates the growing demand for virtual communication and networking solutions. With LinkedIn being a leading professional networking platform, this feature is expected to drive the adoption of digital business cards among its users.

Scope of the Report – Digital Business Card Market:

Report Metrics Details
Market Size by 2030 USD 6 Billion
CAGR during 2022-2030 6.90%
Base Year 2021
Forecast 2022-2030
Key Market Opportunities APAC is filled with numerous small and medium-sized organizations, which could fuel major opportunities during upcoming years.
Key Market Dynamics Increasing Number of Smartphones Users Worldwide The emergence of social media is the major booster for smartphone popularity among the Millennials.


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Market USP Covered:

Market Drivers:

One of the primary driving factors for the digital business card market is the increasing demand for virtual communication and networking solutions. With the rise of remote work and virtual events, the need for efficient and effective communication tools has become more critical than ever. Digital business cards offer a convenient and modern way of exchanging contact information, allowing professionals to connect and network with ease.

Another driving factor for the digital business card market is the growing concern for environmental sustainability. The use of paper-based business cards contributes to deforestation and environmental degradation. Digital business cards, on the other hand, offer a more sustainable and eco-friendly solution, reducing paper waste and promoting a greener environment.

Browse In-depth Market Research Report (99 Pages, Charts, Tables, Figures) on Digital Business Card Market –
https://www.marketresearchfuture.com/reports/digital-business-card-market-10696  

Market Restraints:

Despite the numerous benefits offered by digital business cards, some factors may restrain the growth of the market. One such factor is the lack of awareness and understanding of digital business cards among some professionals. Many individuals and businesses may still prefer traditional paper-based cards and convincing them to switch to digital may prove challenging.

Another factor that may restrain the market is the dependence on technology. Digital business cards require the use of smartphones, internet connectivity, and compatible software to be effective. Any technical issues or malfunctions may hinder the functionality of digital business cards, which could deter users from adopting them.

COVID 19 Analysis:

The COVID-19 pandemic has accelerated the adoption of virtual communication and networking solutions, including digital business cards. With the rise of remote work and virtual events, traditional methods of networking and communication have become impractical. Digital business cards offer a safe and effective way to exchange contact information, eliminating the need for physical contact or shared surfaces.

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Market Segmentation:

  • By Type – The Types in the market include Individual Users, Business Users, and Enterprise Users.
  • By Platform – By Platform, the segment includes iOS, Android, and Windows
  • By Pricing – By Pricing, the segment includes Monthly and Yearly.
  • By Application – By Application, the segment includes Business Owners, Sales Entrepreneurs, Marketing Agencies, Events and Travels, Software & IT, Education and Training, Finance & Realtors, Health and Beauty, Consultants, and Others.

Regional Insights:

The digital business card market is dominated by North America, owing to the high adoption rate of advanced technologies and the presence of key market players in the region. The United States is the largest market for digital business cards in North America, owing to the high usage of smartphones and the growing need for digitization of business cards. The Asia-Pacific region is expected to witness significant growth, driven by the increasing adoption of smartphones and the growing need for contactless business communication in the region. Countries like China, Japan, and India are expected to be the major contributors to the growth of the digital business card market in the Asia-Pacific region.

Europe is also expected to witness significant growth in the digital business card market, driven by the growing trend of paperless communication in businesses and the need for sustainable and eco-friendly practices. Countries like Germany, France, and the UK are expected to be major contributors to the growth of the digital business card market in Europe. The increasing focus on the digital transformation of businesses and the growing adoption of advanced technologies like AI and cloud computing in the region are also expected to drive the market growth in Europe.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
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New York, NY 10013
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Email: [email protected]
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Artificial Intelligence

Sasken and JOYNEXT forge strategic partnership to accelerate innovation and expand global footprint

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BANGALORE, India, April 16, 2024 /PRNewswire/ — Sasken Technologies Limited, a leading provider of product development and digital transformation services, and JOYNEXT, a respected Tier1 player in the automotive industry, announced a strategic partnership to collaborate on the development and launch of cutting-edge platforms for both in-vehicle systems (navigation, digital cockpit and 5G telematics) and off-vehicle cloud and digital services leveraging emerging technologies for the automotive industry.

Sasken and JOYNEXT will leverage their complementary expertise, global presence, and strong ecosystems to deliver innovative and integrated solutions to the automotive industry. This collaboration will enable faster time to market with the best IPs and provide unparalleled support throughout the product development process. By combining JOYNEXT’s proven advanced automotive solutions with Sasken’s innovative automotive hardware and software capabilities, including chip-to-cloud cognitive engineering, connected car solutions, optimised edge computing solutions, computer vision, generative AI, and cybersecurity, the partnership aims to address the complex needs of the automotive market while delivering enhanced customer experiences.
“We are excited to collaborate with JOYNEXT, as their automotive industry expertise aligns perfectly with Sasken’s ambition to maintain a leadership position in the global automotive market,” said Mr. Abhijit Kabra, CEO, Sasken Technologies. “By leveraging our respective strengths, we can provide unique value to our customers and accelerate technological advancements in the automotive industry.”
The partnership began with a multi-year collaboration focused on automotive software maintenance for navigation and ASPICE compliance. It also includes the definition and implementation of enhancements for new products to keep pace with evolving Software Defined Vehicle (SDV) architectures. Sasken will drive the initiative to address EV challenges such as range anxiety, compatibility with navigation ecosystem players, increasing driver confidence by incorporating real-time data on charging points, driving terrains and integration with ADAS systems. Proprietary algorithms will optimise battery range for safer, more efficient journeys.
“We at JOYNEXT are excited to join forces with Sasken,” said Stavros Mitrakis, CEO of JOYNEXT. “By leveraging Sasken’s strong hardware and software capabilities and our extensive automotive domain knowledge, we will be able to develop solutions that not only address today’s challenges, but also anticipate the needs of the future. We are confident that this partnership will enhance our product offering and enable us to deliver more innovative, safer, and more enjoyable driving experiences to our customers.”
The aim of the partnership between Sasken and JOYNEXT is not only to push the boundaries of product innovation, but also to ensure that products reach the market more efficiently, equipped with the latest technology and tailored to meet the ever-changing demands of consumers.
About Sasken:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition engineering R&D and Digital Transformation services to global leaders in Automotive, Semiconductor, Transportation, Industrials, Consumer Electronics, Enterprise Devices, SatCom and Telecom industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP. For more information, visit www.sasken.com 
JOYNEXT – WE CONNECT FUTURE
JOYNEXT is a leading AutoTech company, the Automotive Connectivity Business Unit of Joyson Electronics. Headquarters in China, JOYNEXT marks our global presence in Germany, Poland, France, US, Japan, etc. We develop technologies for intelligent connected vehicles and provide a highly personalized mobility experience that is empathic, safe, and adaptable. Our 1,500+ employees work at 7 R&D centers, 3 global manufacturing locations, and 4 customer canters around the world.
For more than two decades, JOYNEXT has been working as the development partner and system supplier of renowned car manufacturers and established long-term partnerships with various well-known OEMs. Our intelligent cockpit and smart connectivity products are equipped in millions of vehicles worldwide, complemented by our capabilities in developing autonomous driving technologies and software products, which lay a solid foundation for the cockpit and driving fusion facing the era of Central Computing Units.
Balancing innovation with sustainability, we are committed to contributing to industry transformation together with our eco-partners, such as Microsoft, HUAWEI, Qualcomm, Horizon Robotics, Black Sesame, Elektrobit, and QNX to deliver a smarter driving experience for end users. www.JOYNEXT.com
Media Contact:Rekha Sahay GhoshHead of Marketing & CommunicationsE: [email protected]: +91 080 6694 3009
Sasken Technologies Limited139/25, Ring Road, Domlur, Bengaluru 560071, IndiaT: +91 80 6694 3000, E: [email protected]: L72100KA1989PLC014226 | www.sasken.com
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Artificial Intelligence

IDnow bridges the AI-human divide with new expert-led video verification solution

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New VideoIdent Flex elevates trust with a human touch in the face of rising fraud and the closing of physical bank branches
LONDON, April 16, 2024 /PRNewswire/ — IDnow, a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction. The human-based video call solution, supported by AI, has been designed and built to boost customer conversion rates, reduce rising fraud attempts, increase inclusivity, and tackle an array of complex online verification scenarios, while offering a high-end service experience to end customers.

The company’s original expert-led product, VideoIdent, has been a cornerstone in identity verification for over a decade, serving the strictest requirements in highly regulated industries across Europe. VideoIdent Flex, re-engineered specifically for the UK market, represents a significant evolution, addressing the growing challenges of identity fraud, compliance related to Know-Your-Customer (KYC) and Anti-Money Laundering (AML) processes and ensuring fair access and inclusivity in today’s digital world outside of fully automated processes.
Empowering businesses with flexible human-based identity verification
As remote identity verification becomes more crucial yet more challenging, VideoIdent Flex combines high-quality live video identity verification with hundreds of trained verification experts, thus ensuring that genuine customers gain equal access to digital services while effectively deterring fraudsters and money mules. Unlike fully automated solutions based on document liveness and biometric liveness features, this human-machine collaboration not only boosts onboarding rates and prevents fraud but also strengthens trust and confidence in both end users and organisations. VideoIdent Flex can also serve as a fallback service in case a fully automated solution fails.
Bertrand Bouteloup, Chief Commercial Officer at IDnow, commented: “VideoIdent Flex marks a groundbreaking advancement in identity verification, merging AI-based technology with human intuition. In a landscape of evolving fraud tactics and steady UK bank branch closures, our solution draws on our decade’s worth of video verification experience and fraud insights, empowering UK businesses to maintain a competitive edge by offering a white glove service for VIP onboarding. With its unique combination of KYC-compliant identity verification, real-time fraud prevention solutions, and expert support, VideoIdent Flex is a powerful tool for the UK market.”
Whereas previously firms may have found video identification solutions to be excessive for their compliance requirement or out of reach due to costs, VideoIdent Flex opens up this option by customising checks as required by the respective regulatory bodies in financial services, mobility, telecommunications or gaming, to offer a streamlined solution fit for every industry and geography.
Customisable real-time fraud prevention for high levels of assurance
VideoIdent Flex has a number of key features and benefits:
Customisable: Pre-defined configurations to meet specific industry requirements and regional regulations.Expert-led: High-quality live video verification conducted by trained identity verification experts, ensuring accuracy, reliability, and compliance for high levels of assurance.Extensive document coverage: Support for a wide range of documents, facilitating global expansion and inclusivity.Real-time fraud prevention: Advanced fraud detection capabilities, including AI-driven analysis and manual checks, combat evolving fraud tactics and help protect against social engineering fraud, document tampering, projection and deepfakes, especially for high-risk use cases and goods.Verification of high-risk individuals: Reviewing applications from high-risk persons, such as Politically Exposed Persons (PEPs), high-risk countries; or assessing where fraud might be expected with real-time decisions, without alerting suspicion.Bouteloup concluded: “Identity verification is incredibly nuanced; it’s as intricate as we are as human beings. This really compounds the importance of adopting a hybrid approach to identity – capitalising on the dual benefits of advanced technology when combined with human knowledge and awareness of social cues. With bank branches in the UK closing down, especially in the countryside, and interactions becoming more and more digital, our solution offers a means to maintain a human relationship between businesses and their end customers, no matter their age, disability or neurodiversity.   
“VideoIdent Flex is designed from the ground up for organisations that cannot depend on a one-size-fits-all approach to ensuring their customers are who they say they are. In a world where fraud is consistently increasing, our video capability paired with our experts adds a powerful layer of security, especially for those businesses and customers that require a face-to-face interaction.”
About IDnow
IDnow is a leading identity verification platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.
In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.
The company has offices in Germany, United Kingdom, and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefonica, Sixt, Crédit Agricole, BNP, and Munich Re, as well as digital champions like N26, Solarisbank, Younited Credit, BoursoBank, Klarna and Tier mobility.
Press contact IDnowKatherina [email protected]+49 89 41324 6030
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Artificial Intelligence

MYCOM OSI Launches AInsights Availability in AWS Marketplace

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LONDON, April 16, 2024 /PRNewswire/ — MYCOM OSI, a leading independent provider of Network Assurance and Service Experience Assurance solutions to some of the world’s largest communications service providers (CSPs), announced today that AInsights, is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). 

AInsights application offers predictive AI-based insights, combined with a comprehensive Data Fabric that powers Big Data Lakes with normalized network and service data. This critical enhancement to MYCOM OSI’s EAA suite enables CSPs to continuously predict the performance of their network and services, and to proactively identify and resolve problems before they impact their customers. This is specifically essential for the delivery and the assurance of high reliability and low latency 5G enterprise services.
The MYCOM OSI AInsights application is available as part of its SaaS offering operated on Amazon Web Services (AWS) as well as the CSPs’ hybrid cloud architecture. With this, MYCOM OSI customers and partners will benefit from high scalability and low-error predictive data insights from the network and its services in near real-time. AInsights’ replicable data models can be applied to different network functions for a deeper 360-degree network view. A factory approach using Open APIs enables intelligent data to be consumed seamlessly by any component of the CSP ecosystem.
AWS customers will now have access to AInsights, enabling predictive operations and assurance of CSP networks, directly within AWS Marketplace. This provides AWS customers with the ability to streamline the purchase and management of AInsights application within their AWS Marketplace account. 
“We are delighted to offer AInsights’ unique AI-driven insights to communications service providers to support their growth and transformation plans through AWS Marketplace,” said Mounir Ladki, President and CTO at MYCOM OSI. “With AInsights, CSPs can rapidly move from reactive to predictive assurance and operations of their networks and services. By accessing AInsights in AWS Marketplace, customers can quickly take their first step in achieving benefits of predictive AI-based insights to automate network operations and maximize customer experience.”
AInsights is now generally available in AWS Marketplace. Please visit https://aws.amazon.com/marketplace/pp/prodview-p4ikrghvc24dq for more information.
For information on MYCOM OSI and its Service Assurance offerings please visit www.mycom-osi.com. To arrange a discussion with MYCOM OSI, click here or contact the team at [email protected], +447719820492

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