Sep 22, 2020   SOURCE: PR NewsWire

Contact Tracing Application Market Sales to Witness Notable Rise Amid the COVID-19 Pandemic, Says Future Market Insights in New Study

DUBAI, U.A.E, Sept. 22, 2020 /PRNewswire/ -- Future Market Insights (FMI) in its recent report projects that the global contact tracing application market will be reflecting a notable CAGR of 15% over the forecasted period of 2020-2030. The contact tracing applications gained popularity worldwide for its role in tracing infection as well as disease control programs, particularly after COVID pandemic. Moreover, the adoption scope of this application soared after recommendations from key regulatory bodies such as WHO to control the outbreaks.

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The report further states that digital technologies' role in controlling the infectious disease as well as several sectors such as healthcare and public information distribution is projected to foresee sturdy growth over the years to come.

"Functional benefits of contact tracing applications are effective tracking and monitoring of larger numbers of people, superior data quality, real-time analysis, and the substantial improvements to coordination and management of manual contact tracing teams",says the FMI analyst.

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Key Takeaways

    --  In terms of connectivity, the Bluetooth based connectivity has gained
        traction in contrast to GPS based connectivity.
    --  Based on the operating system, although iOS phones hold about 20% of all
        smartphone sales, android phones are highly adopted to contact tracing
        applications.

Contact Tracing Application Market - Key Trends

    --  Rising smartphone users have prompted the success of contract tracing
        applications which further plays an important part of market growth.
    --  Increasing confidentiality concerns have prompted tech giants to
        voluntarily participate in resolving data confidentiality and short term
        data storage.
    --  The market is highly dependent on the community engagement, through
        public health agencies and application developers, to boost awareness
        and market growth.

Contact Tracing Application Market - Regional Analysis

    --  Europe will be the frontrunner with about 20 nations launching or
        developing a smartphone application to track or limit infection chains
        during the assessment period.
    --  North America will remain below average particularly in the US with
        merely 8 states releasing or planning to release COVID-19 contact
        tracing applications.
    --  East Asia will reflect lucrative growth opportunities due to mandatory
        use in China.

Contact Tracing Application Market - Competitive Landscape

Market players are focusing on strategic collaborations inside the sector for application development efforts for multiplatform compatibility attributes. Additionally, developers are pushing for contracts to push their offerings via government channels to increase user base and regional footprint. For instance,

Industry giants such as Google Inc. and Apple Inc. have collaborated with the Exposure Notification, a framework to position their superficial applications without requiring to put resources in core development. Apple is further planning to drive the platform via an internal software update for novel iOS devices that would allow users to attain similar features without government apps.

Siemens AG entered into a collaboration with Salesforce.com to develop a manual contact testing attribute for Chinese workers.

Major producers identified in the global contact tracing application market are Google Inc., Apple Inc., Oracle Corporation, SAP SE, ServiceNow, Siemens AG, T-Systems, Salesforce.com Inc., IBM Corporation, and Microsoft Corporation.

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Contact Tracing Application - Taxonomy

Connectivity:

    --  Bluetooth
    --  GPS
    --  Both

Operating System:

    --  Android
    --  iOS

Region:

    --  North America
    --  Latin America
    --  Europe
    --  South Asia
    --  East Asia
    --  Middle East & Africa
    --  Oceania

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Valuable Insights into the Contact Tracing Application Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global contact tracing application market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the contact tracing application market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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About Future Market Insights (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, and has delivery centers in the UK, 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

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United Arab Emirates
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Report: https://www.futuremarketinsights.com/reports/contact-tracing-application-market
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SOURCE Future Market Insights