The global contract tracing technology market size is expected to be worth around US$ 36.71 billion by 2030, according to a new report by Vision Research Reports.
The global contract tracing technology market size was valued at US$ 5.89 billion in 2020 and is anticipated to grow at a CAGR of 20.5% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 36.71 billion by 2030 |
| Growth Rate | CAGR of 20.5% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Technology, Devices, Database Management |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Google, Apple, Microsoft, Polte Corporation, Triax Technology, Everbridge, Facedrive, Salesforce, IBM, ImageSoft, Inc. |
Growth Factors
These technologies can also aid in understanding virus transmission paths, assess outbreak trends, and developing effective disease management strategies. Since 2020, the adoption of contact tracing technology is rapidly increasing to control the spread of the COVID-19 pandemic thereby driving growth of the contact tracing technology market. Before the COVID-19 pandemic, these technologies were widely used for controlling the spread of infectious diseases such as Ebola, Zika, tuberculosis, and sexually transmitted diseases. For instance, the Ebola Contact Tracing application (ECT app) was developed for the Ebola epidemic. However, the COVID-19 pandemic has drastically increased the global demand for contact tracing technology.
Key Players
Market Segmentation
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