Fitness App Market 2021-2025: Industry Share, Size, Trends, Growth and Forecast-IMARC Group
Fitness app market
has significant growth scope and is expected to reach USD 12.2 billion by 2025.
The reports forecast the market by type, platform, devices, and region. It
highlights COVID-19 impact on the fitness app industry.
Description
Fitness App Market by Type (Exercise & Weight Loss, Diet
& Nutrition, and Activity Tracking), by Platform (Android, iOS, and
Others), by Device (Smartphones, Tablets, and Wearable Devices), and by Region
– Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
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The fitness app market report covers a thorough analysis of the
market dynamics, business models, segmental/regional analysis, and respective
market shares and strategies adopted by the key market players operating in the
global market. It entails an in-depth analysis of the factors influencing the
global market and market statistics indicating region wise and segment-wise
market share/growth analysis. The report's study will outlook one of the most
exhaustive analyses of the market, capturing all the aspects of the fitness app
market.
Fitness App
Industry Introduction
Fitness apps have been offering several activities, such as
tracking and wellness strategic planning, and others. The growing proliferation
of smartphones and tablets has contributed to the high adoption of exercise
apps for all ages. Many applications provide personalized body physiology and
condition related services. Furthermore, in the long term, consumers may find
it impossible to maintain exercise or dietary habits, leading to a significant
customer base loss. Fitness app market research has provided a roadmap for
market growth in sales over the entire projected period. For the public,
fitness apps have been helpful, as they monitor the fitness goal easily, along
with workout timers and action tracking features. The fitness app is a great
and convenient solution for people who have no time to work out and want an
active lifestyle to be maintained.
Fitness App Market:
Dynamics:
Growing consumer penetration for wearable devices sees a
rise in demand for smartwatches, smart bands, and smart rings with specific
apps such as texting messaging and exercise monitoring. These devices can be
integrated with fitness apps to provide heart rate information, exercise
cognition, and reminders of movement issues. Therefore, this increasing
adoption of wearable devices will lead to expanding the global market for
fitness apps during the forecast period.
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Market vendors are introducing various fitness apps, workout
routines, and exercises for different purposes. For instance, some vendors
specifically introduce fitness apps for pregnant women, different age groups,
and gender. By monitoring their calorie intake, these devices allow consumers
to monitor their health and fitness and offer advice on an optimal diet to help
them remain healthy and active. The launch of these modern and innovative
exercise software helps vendors to improve market share and productivity. This
development should have a positive impact on the growth of the overall market.
COVID-19 Impact on the
Fitness App Market
The COVID-19 outbreak has a significant impact on the fitness
app market in 2020. The COVID-19 epidemic has had consequences on many
levels, such as flight cancellations; travel restrictions and quarantines;
restaurants closed, all indoor/outdoor activities restricted; over forty
countries proclaimed a state of emergency, significant supply chain slowing;
stock market volatility; deteriorating corporate morale, increasing public
fear, and anxiety about the future. The implementation of these norms and
concern for good health have augmented the fitness app market amidst the
outbreak of the COVID-19 pandemic.
Fitness App
Market: Scope of the Report
The report outlines the study of the fitness app market
based on type, platform, and devices.
Based on type, the fitness app market is segmented into-
·
Exercise & Weight Loss
·
Diet & Nutrition
·
Activity Tracking
Fitness App
Market: Competitive Landscape
The leading companies operating in the global fitness app
market include Adidas, ASICS, Azumio, BetterMe, and Google.
Some other fitness app leading players are Nike, Samsung,
Under, Armour, Appster, Fitbit, FitnessKeeper, MyFitnessPal Inc, Noom, Applico,
Aaptiv, and Appinventiv. It’s 2020, and there are a number of fitness apps
companies present in the market. This large number of competitors are
making it a fragmented market, with companies needing to stand out from the
crowd in order to succeed. Here are some of the activities adopted by the
biggest players in the global fitness app market in the recent past.
·
Fitbit manufactures smart wearable technologies to monitor
health conditions. As of November 2019, the company had 28 million active users
across the globe and has sold more than 100 million devices. Wearable devices
are forecasted to grow with a CAGR of 23.2% during the forecast period.
·
In December 2018, Freeletics, a Germany-based digital
fitness startup, received a Series. Funding of USD 45 million. According to
Freeletics, 31 million users in nearly 160 countries use fitness and personal
coaching apps.
The fitness app market report provides a thorough analysis
of macro-economic factors along with the market attractiveness of every
segment. The report will include an in-depth qualitative and quantitative
assessment of segmental/regional outlook with the market players' presence in
the respective segment and region/country. The information concluded in the
report includes the inputs from industry participants and industry experts
across the value chain.
The fitness app market
report covers comprehensive analysis on:
·
Market Dynamics
·
Market Segmentation
·
Regional Analysis
·
Market Size in Value
·
Pricing Analysis
·
Market Factor Analysis
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