APAC to Dominate Contact Tracing Market through 2025
Increasing spread of pandemic
COVID-19 is expected to drive the growth of global contact tracing
apps market
According to
TechSci Research report, “Global Contact
Tracing Apps Market By Operating System (Android v/s iOS), By Technology
(Wireless Bluetooth Technology, Beacon, Geolocation Data, Others), By Proximity
(0-5 feet, 6-10feet, 11-15feet), By Application (Surveillance, Quarantine,
Isolation), By End User (Public Health Agencies, Government, General Public),
By Region, Forecast & Opportunities, 2025”, the global contact tracing market is expected to grow at an
impressive rate during the forecast period on account of the growing need to
control the spread of the novel coronavirus. Additionally, when systematically
applied, these apps can help in breaking the chain of infection transmission.
Furthermore, widespread use of contact tracing apps as a public health tool for
controlling the outbreak is expected to create lucrative opportunities for the
market growth through 2025. Besides, these apps serve as the best tool to
manage these kinds of disease and let economies reopen after lockdown. This in
turn is expected to fuel the market growth over the next few years. However,
privacy concerns due to sharing of geographical locations, Wi-Fi address, among
others might hamper the market growth during the forecast period. Also, lack of
adoption of such apps might hinder the market growth during the forecast
period. For instance, in April 2020 the Trace together was only downloaded by
one out of six persons in Singapore. Additionally, app store restrictions
pertaining to government based and apps from reputable organizations only might
further restrict the market growth over the next few years. Besides, distance
accuracy concerns might also impede the market growth through 2025.
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The global
contact tracing market is segmented based on operating system, technology,
proximity, application, end user, company and region. Based on
application, the market can be categorized into surveillance, quarantine and
isolation. Among these, the surveillance application segment is expected to
dominate the market since contact tracing generally helps in identification of
any kind of contact with an infected person thereby helping the user, health
agencies and government to identify and monitor infection transmission. On the
other hand, the quarantine an isolation segment are also expected to witness
significant growth during the forecast period since they can help the user
identify if he/she has been in contact with an infected person and then the
person can go for isolation or quarantine to prevent the spread of infection.
Based on end users, the market can be fragmented into public health agencies,
government and general public. Out of these, the government segment is expected
to dominate the market since contact tracing apps help government identify and
monitor the transmission of infection. On the other hand, the public health
agencies segment is expected to hold a significant market share since they can
identify the level of infection transmission and take necessary steps to combat
it. However, the general public segment is expected to witness significant
growth since these apps help people identify if they have come across an
infected person or not and take necessary actions to save themselves from the
disease.
The different
contact tracing apps available in the market include TraceTogether, Swiss
Covid, Open Coronavirus, HaMagen (“The Shield”), Stop COVID, Arogya Setu,
Alipay Health Code App, GH Covid-19, StopKorona, eRouska (eFacemask),
Smittestopp App, My Trace, AMAN App, Immuni, Rakning C-19, VirusRadar, COVID
Safe, CoronApp, BeAware Bahrain, NZ COVID Tracer and others. The companies
operating in the market, app developers and governments across the globe are
trying to develop such applications to control the spread of pandemic.
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“Asia-Pacific is expected to dominate
the contact tracing market during the forecast period, owing to the outbreak
and spread of pandemic COVID-19 in the region, with China being the epicentre
of the pandemic. Countries such as China, India, Singapore, Australia, being
adversely impacted by the virus, have developed several contact tracing and
COVID-19 tracker applications to prevent transmission and spread of virus. For
instance, India developed the Arogya Setu application for contact tracing,
which had more than 50 million users after 13 days of the release. This app
also broke all the records of the Pokemon Go app in terms of number of users.
Furthermore, with end of lockdown across various countries, the demand for
contact tracing app is expected to grow significantly, which in turn is
anticipated to drive the market growth through 2025. ” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Contact Tracing Apps Market By
Operating System (Android v/s iOS), By Technology (Wireless Bluetooth Technology,
Beacon, Geolocation Data, Others), By Proximity (0-5 feet, 6-10feet,
11-15feet), By Application (Surveillance, Quarantine, Isolation), By End User
(Public Health Agencies, Government, General Public), By Region, Forecast &
Opportunities, 2025”, has evaluated
the future growth potential of global contact tracing market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global contact tracing market.
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