Fitness App Market was worth US$ 5.34 Bn in 2021 and total revenue is expected to grow at a rate of 21.4 % CAGR from 2022 to2029, reaching almost US$ 25.20 Bn in 2029.
Fitness App Market Overview:
Fitness App market landscape has been examined, and all of the key suppliers and application development and delivery developers have been present. Customer-centric methods by businesses, as well as the necessity to handle massive volumes of material, may define the market's future shape. During the projected period (2021-2027), there will be alliances with integration partners to achieve optimal technology, as well as webinars for future trends and insights.
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Fitness App Market Scope:
Maximize Market Research report on Fitness App Market provides an investigative analysis with a cohesive grasp of the economy's events as well as the consequences of the COVID-19 pandemic. It outlines drivers, challenges, opportunities, trends, and niches that industry leaders may leverage over the projected period (2021-2027).
The report discusses major advancements in the Fitness App industry, as well as organic and inorganic growth strategies. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. With the increased demand, industry participants in the Fitness App market are expected to benefit from attractive growth prospects in the future. The following is a list of a few firms involved in the Fitness App industry.
Segmentation Analysis:
by Type
• Exercise & Weight Loss
• Diet & Nutrition
• Activity Tracking
The market is further divided into three categories based on type: Activity Tracking, Diet & Nutrition, and Exercise & Weight Loss. In 2021, the exercise and weight loss segment retained the majority share with 54.7% due to the increased prevalence of obesity. The World Health Organisation estimates that between 1975 and 2021, the prevalence of obesity quadrupled. According to a study done in 2021 by the Global Burden of Disease, 8% of people worldwide died from obesity. Furthermore, it is anticipated that segment growth would be fueled by growing public awareness of the harmful health implications of obesity, including diabetes, cancer, and cardiovascular disease. Exercise and weight-loss apps typically come with personal trainers, weight-loss logbooks, video and audio instruction, a timer, and the ability to pair with other devices.
by Platform
• Android
• iOS
• Others
The market is divided into sub-segments based on platform, including Android, iOS, and others. iOS got the biggest revenue share (52.6%) in 2021. The growing popularity of iOS among consumers is a key element in this market's expansion. In the first five days after its September 2021 release, 26% of iPhone, iPod, and iPad owners had updated to iOS 14. Furthermore, a surge in the use of iOS smartphones is contributing to the segment's growth. According to Apple Inc., there were 1.5 billion active Apple device users in the first fiscal quarter of 2021, up from 1.4 billion in the previous quarter. Some of the fitness apps for iOS include Fitocracy, Strava, FitStar, Fooducate, MyFitnessPal, and Nike Training Club.
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Key Manufacturers:
The market research study analyses the market's main stakeholders. Among the key firms highlighted in the study are:
• Fooducate
• Google
• Kayla Itsines
• Myfitnesspal, Inc.
• Nike
• Noom
• Adidas
• Appster
• Asics America Corporation
• Azumio, Inc.
• Fitbit, Inc.
• Fitness keeper
• Polar Electro
• Under Armour, Inc.
• Willowtree, Inc.
• APPLICO INC.
• Aaptiv Inc
• Appinventiv
• Samsung Electronics
• Tom-tom
• Lenovo
• Grand Apps
Regional Analysis:
The report offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives a global market analysis and prediction based on several segments. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027.
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COVID-19 Impact Analysis on Fitness App Market:
The COVID-19 pandemic has had an impact on markets and consumer behaviour. It has had a significant influence on economies and civilizations alike. The effects of COVID-19 are expected to shift consumer demand to online platforms. This might permanently alter customer behaviour because once individuals get into the habit of purchasing online, it becomes a pattern that is difficult to break, compelling businesses to increase their online presence. COVID-19 has an immediate and extensive influence on consumer behaviour across all industries.
Key Questions answered in the Fitness App Market Report are:
- Which is the potential market for Fitness App in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the Fitness App market in the next seven years?
- What is the projected market size & growth rate of the Fitness App Market?
- What segments are covered in the Fitness App Market report?
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