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    Home > Research Reports > Contact Tracing Application market is set to grow at 15% CAGR through 2030
    Research Reports

    Contact Tracing Application market is set to grow at 15% CAGR through 2030

    Contact Tracing Application market is set to grow at 15% CAGR through 2030

    Published by Uma Rajagopal

    Posted on January 12, 2022

    Featured image for article about Research Reports

     

    Contact tracing applications are being used to leverage the widespread global penetration of smartphone devices in controlling infectious disease outbreaks. According to Future Market Insights’ latest research, the market is set to grow at 15% CAGR through 2030.

    Also, Future Market Insights has projected substantial scope of increasing applications in disease control even after the conclusion of the ongoing covid-19 pandemic.

    The coronavirus outbreak which emerged out of China in late 2019, has been the primary driver for the development, deployment, and adoption of contact tracing applications.

    Favorable government initiatives towards social distancing and patient tracking has also positively influenced the industry. Innovations in terms of GPS, Bluetooth and ultrasonic technologies is improving growth prospects for the industry.

    App developers are pushing for the development of decentralized data collection approaches via device-based databases to keep up with strong demand for data privacy standards.

    Contact tracing applications initially found use during the Ebola outbreak in the Congo. The application was developed by Global Outbreak Alert and Response Network in collaboration with WHO.

    The industry has witnessed an upsurge in the development of contact tracing applications after the advent of the coronavirus pandemic in China, owing to greater financially feasibility in the scope of adoption during the crisis period.

    Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12512 

    Growing efforts by public health agencies towards community engagement will positively influence the industry. Contact tracing applications can either be run on centralized or decentralized platforms, for smartphones using iOS or Android operating systems. These programs make use of Bluetooth or GPS technologies to track potential patients, and their proximity to other users. However, developers are still challenged by issues of misinformation, cybersecurity and data privacy.

    Key Highlights

    • The market for contact tracing applications is projected to display exponential growth through the forecast period on the back of the ongoing coronavirus crisis
    • Decentralized, Bluetooth based applications are likely to gain strong traction as a result of data privacy concerns
    • Android platforms are likely to contribute significantly to adoption owing through higher penetration of associated smartphone models
    • Europe is expected to be a prominent market, with East Asia showing lucrative growth prospects on the back of mandatory use in China.

    “Functional advantages of contact tracing applications include superior data quality, easier tracking and monitoring of larger numbers of people in a time effective manner, the ability of real time analysis, and the significant improvements to management and coordination of manual contact tracing teams,” said a lead analyst at FMI. 

    Covid-19 Impact on Contact Tracing Applications Market

    Although contact tracing processes can be implemented for covid-19 control by public health authorities without the use of contact tracing applications, these programs have proven useful in large scale operations, set up by governments in many countries around the world.

    Countries such as Ireland and South Korea have been able to use contact tracing applications to gain promising results towards breaking chains of coronavirus patients, limiting the risks of community transmission.

    Demand for these applications has been limited to countries with high rates of smartphone penetration. In addition, ethical problems in terms of transparency, privacy, and accountability have restrained adoption during this period. Also, developer costs for user support, training, software, and hardware are limiting factors.

    However, prospects for contact tracing applications remain positive for the post-pandemic era, owing to potential for use in controlling other infectious disease outbreaks worldwide, albeit at a smaller scale.

    Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12512 

    Contact Tracing Application Market Segmentation

    Connectivity

    • Bluetooth
    • GPS
    • Both

    Operating System

    • Android
    • iOS

    Regional Outlook

    • North America (U.S., Canada)
    • Latin America (Mexico, Brazil, Rest of LATAM)
    • Europe (Germany, U.K., France, Italy, Spain, BENELUX, Russia, Rest of Europe)
    • East Asia (China, Japan, South Korea)
    • South Asia & Pacific (India, Thailand, Malaysia, Indonesia, Oceania, Rest of South Asia & Pacific)
    • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

    Pre-Book Report@ https://www.futuremarketinsights.com/checkout/12512 

    Who is Winning?

    In its report, FMI has analyzed the various strategies employed by major companies operating in the contact tracing applications market. Market leaders have been observed focusing on strategic collaborations within the industry towards application development efforts for multiplatform compatibility features. In addition, developers are also pushing for contracts to push their offerings through government channels to expand regional footprint and user base.

    Some of the participants operating in the contact tracing applications market include IBM Corporation, Oracle Corporation, Microsoft Corporation, Apple Inc., T-Systems, SAP SE, Salesforce.com Inc., Siemens AG, and ServiceNow.

    To Know More About Contact Tracing Applications Market:

    A new market research report published by Future Market Insights (FMI) on the global contact tracing applications market report offers detailed insights into the market demand trends and analysis of opportunities over the projection period, 2020-2030. The report examines the contact tracing applications market through three unique segments – connectivity, operating system and region. The market report also provides detailed assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the development of contact tracing applications and product adoption across several regions.

    Top Reports Related To Technology Market Insights

    Modular Data Centre Market : [240 Pages Report] The global modular data centre market is set to enjoy a valuation of US$ 2.7 Bn in 2022, and is predicted to surge at a CAGR of 27.1% to top US$ 11.5 Bn by the end of 2028. 

    Cognitive Assessment and Training Market : [316 Pages Report] The global cognitive assessment and training market is estimated at US$ 1.4 Bn in 2022, and is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Bn by 2028.

    About FMI

    Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

    Contact

    Mr. Debashish Roy
    Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
    Jumeirah Lakes Towers, Dubai,
    United Arab Emirates
    MARKET ACCESS DMCC Initiative
    For Sales Enquiries: sales@futuremarketinsights.com
    For Media Enquiries: press@futuremarketinsights.com
    Website: https://www.futuremarketinsights.com
    Report: https://www.futuremarketinsights.com/reports/contact-tracing-application-market
    Press Release Source: https://www.futuremarketinsights.com/press-release/contact-tracing-application-market 

     

    Contact tracing applications are being used to leverage the widespread global penetration of smartphone devices in controlling infectious disease outbreaks. According to Future Market Insights’ latest research, the market is set to grow at 15% CAGR through 2030.

    Also, Future Market Insights has projected substantial scope of increasing applications in disease control even after the conclusion of the ongoing covid-19 pandemic.

    The coronavirus outbreak which emerged out of China in late 2019, has been the primary driver for the development, deployment, and adoption of contact tracing applications.

    Favorable government initiatives towards social distancing and patient tracking has also positively influenced the industry. Innovations in terms of GPS, Bluetooth and ultrasonic technologies is improving growth prospects for the industry.

    App developers are pushing for the development of decentralized data collection approaches via device-based databases to keep up with strong demand for data privacy standards.

    Contact tracing applications initially found use during the Ebola outbreak in the Congo. The application was developed by Global Outbreak Alert and Response Network in collaboration with WHO.

    The industry has witnessed an upsurge in the development of contact tracing applications after the advent of the coronavirus pandemic in China, owing to greater financially feasibility in the scope of adoption during the crisis period.

    Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12512 

    Growing efforts by public health agencies towards community engagement will positively influence the industry. Contact tracing applications can either be run on centralized or decentralized platforms, for smartphones using iOS or Android operating systems. These programs make use of Bluetooth or GPS technologies to track potential patients, and their proximity to other users. However, developers are still challenged by issues of misinformation, cybersecurity and data privacy.

    Key Highlights

    • The market for contact tracing applications is projected to display exponential growth through the forecast period on the back of the ongoing coronavirus crisis
    • Decentralized, Bluetooth based applications are likely to gain strong traction as a result of data privacy concerns
    • Android platforms are likely to contribute significantly to adoption owing through higher penetration of associated smartphone models
    • Europe is expected to be a prominent market, with East Asia showing lucrative growth prospects on the back of mandatory use in China.

    “Functional advantages of contact tracing applications include superior data quality, easier tracking and monitoring of larger numbers of people in a time effective manner, the ability of real time analysis, and the significant improvements to management and coordination of manual contact tracing teams,” said a lead analyst at FMI. 

    Covid-19 Impact on Contact Tracing Applications Market

    Although contact tracing processes can be implemented for covid-19 control by public health authorities without the use of contact tracing applications, these programs have proven useful in large scale operations, set up by governments in many countries around the world.

    Countries such as Ireland and South Korea have been able to use contact tracing applications to gain promising results towards breaking chains of coronavirus patients, limiting the risks of community transmission.

    Demand for these applications has been limited to countries with high rates of smartphone penetration. In addition, ethical problems in terms of transparency, privacy, and accountability have restrained adoption during this period. Also, developer costs for user support, training, software, and hardware are limiting factors.

    However, prospects for contact tracing applications remain positive for the post-pandemic era, owing to potential for use in controlling other infectious disease outbreaks worldwide, albeit at a smaller scale.

    Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12512 

    Contact Tracing Application Market Segmentation

    Connectivity

    • Bluetooth
    • GPS
    • Both

    Operating System

    • Android
    • iOS

    Regional Outlook

    • North America (U.S., Canada)
    • Latin America (Mexico, Brazil, Rest of LATAM)
    • Europe (Germany, U.K., France, Italy, Spain, BENELUX, Russia, Rest of Europe)
    • East Asia (China, Japan, South Korea)
    • South Asia & Pacific (India, Thailand, Malaysia, Indonesia, Oceania, Rest of South Asia & Pacific)
    • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

    Pre-Book Report@ https://www.futuremarketinsights.com/checkout/12512 

    Who is Winning?

    In its report, FMI has analyzed the various strategies employed by major companies operating in the contact tracing applications market. Market leaders have been observed focusing on strategic collaborations within the industry towards application development efforts for multiplatform compatibility features. In addition, developers are also pushing for contracts to push their offerings through government channels to expand regional footprint and user base.

    Some of the participants operating in the contact tracing applications market include IBM Corporation, Oracle Corporation, Microsoft Corporation, Apple Inc., T-Systems, SAP SE, Salesforce.com Inc., Siemens AG, and ServiceNow.

    To Know More About Contact Tracing Applications Market:

    A new market research report published by Future Market Insights (FMI) on the global contact tracing applications market report offers detailed insights into the market demand trends and analysis of opportunities over the projection period, 2020-2030. The report examines the contact tracing applications market through three unique segments – connectivity, operating system and region. The market report also provides detailed assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the development of contact tracing applications and product adoption across several regions.

    Top Reports Related To Technology Market Insights

    Modular Data Centre Market : [240 Pages Report] The global modular data centre market is set to enjoy a valuation of US$ 2.7 Bn in 2022, and is predicted to surge at a CAGR of 27.1% to top US$ 11.5 Bn by the end of 2028. 

    Cognitive Assessment and Training Market : [316 Pages Report] The global cognitive assessment and training market is estimated at US$ 1.4 Bn in 2022, and is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Bn by 2028.

    About FMI

    Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

    Contact

    Mr. Debashish Roy
    Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
    Jumeirah Lakes Towers, Dubai,
    United Arab Emirates
    MARKET ACCESS DMCC Initiative
    For Sales Enquiries: sales@futuremarketinsights.com
    For Media Enquiries: press@futuremarketinsights.com
    Website: https://www.futuremarketinsights.com
    Report: https://www.futuremarketinsights.com/reports/contact-tracing-application-market
    Press Release Source: https://www.futuremarketinsights.com/press-release/contact-tracing-application-market 

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