The global fitness app market size was estimated at $5.87 Billion in 2022, and is predicted to reach $120.37 Billion by 2030, growing at a CAGR of 24.3% from 2021 to 2030. Fitness app industry includes specialized small programs created to keep the user motivated while running, cycling, walking or taking part in any other physical activity.
Global Fitness App Market: Overview
Lion’s share of the fitness apps is used to count calories, collect data on walks or others statistical records on workouts runs, and bike rides. These fitness apps connect the user to a personal trainer or nutritionist to help them regarding their queries for specific fitness routine or just generally with workouts.
Fitness apps also provide collaborated series of songs, each having the same beat when doing workouts such as fitness and running classes. Expanded emphasis on maintaining a healthy lifestyle and growing use of smartphones, wearable devices and tablets positively impacts the growth of the fitness app market size.
Additionally, awareness about diet-related diseases thrust the growth of the fitness app market share worldwide. However, factors such as technical issues in apps and the high cost of in app purchases and concerns regarding data security and rigid regulations are restricting the fitness app market growth.
Key Trends: Growth Determinants and Challenges:
Consumers are increasingly willing to tell their doctors about their dissent and have started using smart apps and tools to get information on healthcare issues and costs which are the major factors driving the growth of the market. Besides, consumers have also started tracking their health conditions and using that data to make decisions.
The demand for fitness is growing among the developing nations conceding to increase in adoption of smart and IoT devices such as wearable devices, smartphones and tablets. In addition, maximum of the fitness apps are being used through smartphones as it is a cheap alternative from expensive gyms and fitness centres.
Rise in need for functional flexibility is whisking innovation and disruptions in fitness app market. This commonness of devices with connective capabilities and the possibility of real-time communication between them is enabling fitness watches to substantially increase the efficiency and adding capabilities.
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Segmental Analysis of Global Fitness App Market:
Based on Device Type
Wearable Devices
Smartphones
Tablets
Based on Operating System
IOS
Android
Based on Type
Activity Tracking
Exercise and Weight Loss
Diet and Nutrition
The weight loss segment is expected to reach a noteworthy share in fitness app industry during the forecast period for its increased instances of obesity. Clinicians are advising people to use these fitness app, so as to manage their weight on their own on daily basis.
Based on Region
NORTH AMERICA
Canada
US
EUROPE
Italy
France
Germany
United Kingdom
Spain
LAMEA
Latin America
Africa
Middle East
ASIA-PACIFIC
Japan
India
China
South Korea
Australia
The Fitness App Market was dominated by North America in 2020 and is expected to witness the highest growth rate for the up-coming years, due to modernizing fitness systems across the region.
Competitive Landscape:
Some of the leading industry players are:
Under Armour, Inc.
Noom Inc.
Nike, Inc.
Fitbit LLC.
Addias
Azumio, Inc.
FitnessKeeper
MyfitnessPal, Inc.
Applico Inc.
Aaptive Inc.
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Major Developments:
In March, 2021: Fitbit Inc. introduced Fitbit Ace 3™, sleep tracker and Next Generation Activity for Kids that encourages a healthy lifestyle by making fitness fun.
In April, 2021: Fitbit Inc. announced Luxe, a Fashion-Forward Fitness and Wellness Tracker Designed to Support Your Holistic Health.
Major Questions answered in the Report:
What will be the CAGR and size of the Fitness App Market throughout the forecast period?
Which are the top leading players in the Fitness App Industry?
Which Regional market will show e highest growth during the predicted forecast?
Key Takeaway from the Report:
Regional analysis of the Fitness App Market.
Challenges and Determinants thrusting the market growth.
Recent developments contributing to the growth of the market.
Calculated value of CAGR for the up-coming years along with segmental analysis.
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