Press release
Covid-19 Updates : Fitness App Market to Seen Steady CAGR up to 2026 | Global Players - Under Armour, Inc.; Nike, Inc.; Noom, Inc.; Polar Electro; TomTom International BV; Daily Workout Apps
Fitness App Market
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Not to mention, the data included in this Fitness App market document is collected only from the trustworthy sources such as journals, newspapers, company websites and annual reports of the companies on which businesses can rely confidently. Other data models used for the research methodology are vendor positioning grid, market time line analysis, market overview & guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis & vendor share analysis. The studies related to competitor analysis in this Fitness App market document keeps competitive landscape clearly into focus with which businesses can decide or advance their own strategies to thrive in the market.
Global fitness app market is expected to rise to an estimated value of USD 12.98 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in the levels of disposable income of individuals, along with the advancements of applicable devices being integrated with enhanced quality of sensors.
Few of the major competitors currently working in the global fitness app market are adidas International Trading B.V.; Motorola Mobility LLC; ASICS Corporation; Azumio; Fitbit, Inc.; Fooducate LTD.; Google Fit; The Bikini Body Training Company; Under Armour, Inc.; Nike, Inc.; Noom, Inc.; Polar Electro; TomTom International BV; Daily Workout Apps, LLC; Jefit, Inc.; SAMSUNG ELECTRONICS CO., LTD.; Sports Tracking Technologies; Sworkit by Nexercise, Inc.; inKin Social Fitness; Wahoo Fitness among others.
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Market Definition: Global Fitness App Market
Fitness apps are the software platforms designed by the technological companies to provide their consumers with all of the relevant information required for the maintenance of their healthcare and enhancement of their lifestyles. These applications are available on various mobile-based app stores, giving motivations to their consumers, organizing an exercise regime, providing a diet and nutritional plan and keeping a track of all their fitness activities.
Key Developments in the Market:
In September 2019, Netpulse, in collaboration with 49ers Fit announced the launch of a gym companion app for Apple Watch. The app is designed for optimizing user experience for various gym-related activities such as checking-in, management of classes, analyzing the workouts and providing motivation to the users over a long-period of time. The app is integrated with eGym Cloud helping in the better analysis of performance delivering a more personalized experience
In May 2019, Future.fit announced the availability of their fitness app available for a monthly subscription of USD 150 per month. The app assigns a personalized trainer for each individual who monitors the fitness activities and whether the user is following the routine planned out for them. They even provide all of the necessities for monitoring the workout such as an Apple watch, and integration of their app with the watch
Segmentation: Global Fitness App Market
Fitness App Market : By Type
Exercise & Weight Loss
Diet & Nutrition
Activity Tracking
Fitness App Market : By Gender
Men
Women
Fitness App Market : By Platform
Android
iOS
Others
Fitness App Market : By Device
Smartphones
Tablets
Wearable Devices
Fitness App Market : By Application
Lifestyle Monitoring
Health Monitoring
Others
Fitness App Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Fitness App Market: Restraints
Availability of cheap-alternative applications that provide similar functionality restricts the market growth
Concerns regarding the complicated navigational experience for consumers in the application and the app stores is expected to hinder the market growth
Fitness App Market: Drivers
Increasing focus of individuals to maintain a healthier lifestyle; this factor is expected to drive the growth of the market
Higher rate of adoption for digital/mobile health applications to maintain individual health is expected to propel the market growth
High rate of adoption for smart devices such as smartphones and smart watches for fitness-related activities is expected to fuel the growth of this market
Increasing rate of obese population globally during significant rise in the consumption of fast-food; this factor is also expected to boost the market growth
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