COVID Alert Apps Market Forecast and CAGR
As per a report by Fact.MR, the COVID alert app market will observe substantial growth, but for a limited period of time. This is mainly due to the varying number of active infection cases in different regions.
Awareness regarding the virus will have a positive impact on the market for COVID alert apps. The business for the COVID alert apps market is expected to increase substantially across the 2021-2031 forecast period.
What is Driving Demand for COVID Alert Apps?
The novel coronavirus was first detected in December 2019. Since then, strict measures have been taken to control the spread of the virus in the world. With continuous research and development and with the help of technological advancements, COVID alert apps were created to detect the virus.
COVID alert apps gained popularity due to their ability to track individuals carrying the virus.
These apps use Bluetooth and produce random codes to notify people if they are in contact with a COVID-19 infected entity. The ease of using the app by filling in basic information has made it popular amongst the masses.
Developers of existing apps are identifying loopholes in the app to introduce upgrades if necessary. Also, new app developers are entering the market, introducing multiple applications with state-of-the-art features.
Another factor that has boosted the market for COVID alert apps is their elevated privacy levels. COVID apps generate codes and digits while protecting personal information, such as the name or address of the patient.
App developers have ensured that the download and usage of COVID alert apps are free. Thus, this has motivated people to download the app. This, in turn, has positively impacted the market of COVID alert apps.
Another aspect of the COVID alert apps is its notification feature. The app automatically notifies the person about contacting a person with the virus carrier.
These apps offer instant notifications, because of which information regarding virus carriers is updated instantly and notifications are sent in a span of fifteen minutes. This helps people to take immediate action.
Developers have also designed apps that can detect virus carriers in public places. With lockdowns gradually lifting, these apps caution users about the various levels of risks at different public places. This has made COVID apps more dependable.
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COVID-19’s Impact on the COVID Alert Apps Market
Reducing the virus with the help of technology was a task for app developers. Fortunately, the ever-increasing digital penetration is leading to growing ownership of smartphones, which has motivated companies to develop user-friendly apps.
App companies are focusing on seamless integration of receiving and delivering information in lesser time. This has escalated the sales of the COVID alert apps. Focusing on core issues such as user privacy is boding well for major COVID alert apps developers.
Regional Outlook for COVID Alert Apps
North America COVID Alert Apps Landscape
The market for COVID alert apps across the U.S has experienced noteworthy growth in the past year alone.
In April 2020, Apple and Google partnered to build a sophisticated technology to detect possible virus carriers. Consumers have shown keen interest in the app due to increasing cases and awareness.
Also, app developers are designing systems that can notify users who are using other apps. Thus, companies are trying to remove all obstacles for effortless detection of virus carriers.
Another key reason consumers in the region are relying on these apps is the security that is provided. Although apps do require basic information, the identity of the person is not revealed. Thus, the confidentiality factor of the app has favored demand.
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Asia-Pacific COVID Alert Apps Outlook
China and India consist of the largest population in the world. Consequently, the risk of further spread and mutation has been magnified in the past few months. Already, a number of people are already infected with the mutated variants.
India specifically has registered the largest number of COVID cases. Thus, app developers are focusing on notifying people in lesser time to take quick action. For example, the Aarogya Setu app from India witnessed a staggering number of downloads from users as it showcased the cases of people carrying the virus.
Key COVID Alert Apps
- The Corona Dataspende, Aarogya Setu
- COVID symptom Tracker
- NHS Smartphone App
- Let’s Beat COID-19
- Kwarantana Domowwa
are some well-known COVID alert apps which have been developed.
An Adaptive Approach to Modern-day Research Needs
COVID Alert Apps Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By End Uses
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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