Global Contact Tracing Application Market: Overview
Before the occurrence of the COVID pandemic, the contact tracing applications were not known for their ability to curb infectious disorders. Nonetheless, these apps have substantially gained popularity due to the disastrous effects of the global virus. Owing to the recommendation by the major health regulatory bodies such as the World Health Organization (WHO) in controlling the spread of COVID, the adoption of these applications has increased drastically. The contact tracing applications are predicted to benefit in the short term due to governments starting to invest in these mobile applications.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Contact Tracing Application Market: Growth Factors
New developments in networking technologies have generated a digitally connected substructure hence creating a fruitful environment for the development of contact tracing app market. The advent of Internet of Things (IoT) has eased network of numerous gadgets which share real-time data. The IoT network may be utilized for controlling and accessing fitness bands, cell phones, and innumerable other gadgets with a computer network. This encourages contact tracking applications to advantageously follow a user's live location, send alarms and create verifiable reports. For example, the SenseGiz Inc. provides IoT services which empower organizations to track previous location of their representatives and execute contact tracing. These arrangements additionally allow physical distancing and send over-crowding warnings which is crucial for operational organizations in the on-going COVID emergency.
In this way, IoT empowered solutions are driving the development of contact tracing application market. The government policies toward physical distancing and tracking of patients have affirmatively affected the market. Inventions associated with GPS, ultrasonic technology, and Bluetooth are increasing the growth of the industry.
Global Contact Tracing Application Market: Segmentation
The global contact tracing application market has been bifurcated by origin of app, operating system (OS), connectivity, type, and region. By type of app, the global contact tracing application market is divided into medical reporting, contact tracking, self-diagnostics, information, and others. Based on the origin of the app, the global contact tracing application market is classified into government, private, and multi-stakeholder. Based on the operating system (OS), the global contact tracing application market is divided into android and iOS. On the basis of connectivity, the global contact tracing application market is categorized into Bluetooth, GPS, or both.
Global Contact Tracing Application Market: Regional Analysis
Europe is extensively known to be the top horse when it comes to contact tracing applications. Around 20 nations in Europe are either developing or have launched cellular phone applications that aim to track and mitigate the coronavirus infection chains by providing scheduled warning to potential patients. The Google-Apple criterion of contract tracing applications has been undertaken in Poland, Denmark, Latvia, Ireland, Italy, Germany, Switzerland, and Austria. More nations are planning to adopt these criteria in the upcoming times. Nevertheless, France and Hungary have chosen centralized applications, exacting technological sovereignty. This disordering in the criteria might cause problems for people traveling in the European region. Several nations like the UK and Germany have opted for short-range technologies that run because of Bluetooth to track possible encounters with COVID carriers. These apps are a centre for following the requirements of data privacy and functionality. Some apps even provide an option to users for sharing information to help the officials track the spread of the virus.
Contact tracing applications could possibly play a pivotal role in the coronavirus reaction in North America. Nevertheless, taking up of these applications has remained far below than the other developed nations with just 8 states either planning on releasing or already having released a COVID-19 contact tracing app. Asia Pacific has not lagged behind in the launch and deployment of contact tracing applications to break the transmission chain of the spread of COVID-19. For instance, the Indian government launched “Aarogya Setu,” a health mapping and contact tracing app in April 2020. At least six other contact tracing apps are being utilized in this direction in India.
Global Contact Tracing Application Market: Competitive Players
Some major market players in the global contact tracing application market include Microsoft Corporation, Salesforce.com, Siemens AG, SAP SE, T-Systems, and Apple Inc.
Global Contact Tracing Application Market: Regional Segment Analysis
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