Sports & Fitness Apps Market Professional Survey Report 2020 | Nike, Fitbit, Under Armour, Garmin

Coherent Market Insights follows a comprehensive research methodology focused on providing the most precise market analysis. This report provides in-depth analysis of global sports and fitness apps market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2019- 2027), considering 2018 as the base year.

Increase in smartphone penetration and rising health awareness among individuals are the major factors driving the growth of global sports and fitness apps market. According to PCMag report, workout and weight loss apps are the most popular apps that are widely used among individuals that accounts for around three fourth of all the fitness app sessions. This trend is attributed to use of wearable devices such as fitness bands and smartwatch that encourage individuals to track their daily exercises and monitor weight. This trend is expected to gain traction in the near future.

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Furthermore, several fitness app developers and wearable device manufacturers in the global sports and fitness U+0061pps market are focused on adopting collaboration and acquisition strategies. Moreover, many companies are funded by venture capital firms, in order to increase their offerings and expand their presence in the global sports and fitness apps market. For instance, in May 2019, Future, an app-based personal trainer and nutrition service provider, raised around US$ 8.5 million, which was funded by Kleiner Perkins, a venture capital firm.

Report provides leading players in the global sports and fitness apps market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans

Company Profiles:

o ASICS Digital, Inc. (The ASICS Runkeeper)*
o Azumio Inc.
o Fitbit, Inc.
o Garmin Ltd.
o Nike, Inc.
o Freeletics
o Jefit, Inc.
o Polar Electro
o Runtastic GmbH
o Under Armour, Inc.
o Wahoo Fitness
o Others

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Key features of the study:

o It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
o This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
o Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
o The global sports and fitness apps market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
o Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sports and fitness apps market

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Table of contents:

1. Research Objective and Assumption
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Global Sports & Fitness Apps Market, By Application, 2017-2027 (US$ Million)
5. Global Sports & Fitness Apps Market, By Platform Type, 2017-2027 (US$ Million)
6. Global Sports & Fitness Apps Market, By Region, 2017-2027 (US$ Million)
7. Competitive Landscape

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.