Global Contact Tracing Application Market By Database Management (Self-reported Database, Mass Tested Database and Health Tracking Systems), Devices (Internet of Things (IOT) Devices and Standalone Solutions), Tracking Technology (Bluetooth, Global Positioning System (GPS), Radio Frequency Identification (RFID), Near Field Communication (NFC), Wireless Fidelity (Wi-Fi), Wireless sensor Network Technology and Others), End Use (Common Individuals, Government Bodies, Healthcare Institutions, Private Sectors, Banking Financial Services and Institution Corporations, Public Transport Authorities, Shopping Centres and Entertainment, Bars and Restaurants, Press and Media and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Contact Tracing Application Market
Increased focus on the technological advancements involved in track and trace solutions, increasing penetration of internet and increasing application of contact tracing application by a wide range of end user verticals such as banking financial services and institution corporations, public transport authorities, shopping centres and entertainment, bars and restaurants, press and media and others are the major factors attributable to the growth of contact tracing application market. Data Bridge Market Research analyses that the contact tracing application market will exhibit a CAGR of 15.00% for the forecast period of 2021-2028.
The contact tracing application technology helps to avert the spread of a virus. This is done by proactively finding people at higher risk.
Increased digitization of economies, especially the developing ones and upsurge in the government initiatives towards social distancing, especially post coronavirus outbreak will emerge as the major contact tracing application market growth driving factors. Growing prevalence of decentralised data collection approaches coupled with the increased focus of the manufacturers towards technological advancements in GPS, Bluetooth and ultrasonic technologies will further aggravate the demand for contact tracing application.
However, rising concerns related to cyber security and data privacy will act as a growth restraint for the contact tracing application market. Also, submission false information or misinformation will further dampen the growth rate of the contact tracing application market. Lack of an advanced technological infrastructure in the underdeveloped economies will further challenge the contact tracing application market growth.
This contact tracing application market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on contact tracing application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Contact Tracing Application Market Scope and Market Size
The contact tracing application market is segmented on the basis of database management, devices, tracking technology and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of database management, the global contact tracing application market has been divided into self-reported database, mass tested database and health tracking systems. Mass tested database segment is further sub-segmented into government tested database and identified red alert area.
- On the basis of devices, the global contact tracing application market has been divided into internet of things (IOT) devices and standalone solutions.
- On the basis of tracking technology, the global contact tracing application market has been divided into Bluetooth, global positioning system (GPS), radio frequency identification (RFID), near field communication (NFC), wireless fidelity (Wi-Fi), wireless sensor network technology and others.
- On the basis of end users, the contact tracing application market is classification into common individuals, government bodies, healthcare institutions, private sectors, banking financial services and institution corporations, public transport authorities, shopping centres and entertainment, bars and restaurants, press and media and others.
Global Contact Tracing Application Market Country Level Analysis
The contact tracing application market is analysed, and market size, volume information is provided by country, database management, devices, tracking technology and end users as referenced above.
The countries covered in the contact tracing application market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the contact tracing application market, and its market share will continue to expand during the forecast period owing to the surging adoption of contact tracing applications, especially during the coronavirus period. Asia-Pacific, on the other hand, will project the highest growth rate during the forecast period. Increased government funding for research and development proficiencies, especially in developing economies like India and China, will create lucrative and remunerative contact tracing application market growth opportunities.
The country section of the contact tracing application market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the significant pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Contact Tracing Application Market Share Analysis
The contact tracing application market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to contact tracing application market.
The major players covered in the contact tracing application market report are Google LLC, SAP, Siemens, Oracle, ServiceNow, IBM, Apple Inc., Salesforce.com, inc., Microsoft, T-Systems International GmbH., Polte, Triax Technologies, Everbridge., Körber AG., TraceLink Inc., Anyway., Arvato Systems among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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