Contact Tracing Application Market Size, Share, Trends, Growth and Forecast 2032

Contact Tracing Application Market Insights

According to the report published by Zion Market Research, the global Contact Tracing Application Market size was valued at USD 4.62 Billion in 2023 and is predicted to reach USD 18.54 Billion by the end of 2032. The market is expected to grow with a CAGR of 16.7% during the forecast period. The report analyzes the global Contact Tracing Application Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Contact Tracing Application industry.

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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.

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.

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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.

Contact Tracing Application Market: Report Scope

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
• Apple Inc.

The Global Contact Tracing Application Market is segmented as follows:

By origin of app 

• government
• private
• multi-stakeholder

By operating system (OS) 

• android
• iOS

By connectivity 

• Bluetooth
• GPS
• both

By type

• medical reporting 
• contact tracking
• self-diagnostics
• information, and others

Global Contact Tracing Application Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.