Fitness Applications Market Is Expected To Offer An Absolute Dollar Opportunity Of US$ 6.8 Billion By 2032

250 Pages Fitness Applications Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth. 

The report offers actionable and valuable market insights of Fleet Maintenance Software Services. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fitness Applications across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fitness Applications. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fleet Maintenance Software Services      

This newly published and insightful report sheds light on Market Insights of Fleet Maintenance Software Services, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fitness Applications.

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Which Factors are driving the growth of Fitness Applications Market?
The increased competition between brick and mortar gyms and Fitness Applications has compelled app-based platforms to adopt AI, machine learning, and other advanced technologies to build a compelling platform for their users. These platforms provide them with tailored diet plans, step tracking, diet monitoring, health expert advice, etc.

The industry is also being driven by growing awareness for physical and mental well-being. Consumers have begun to track their health conditions and based on that information, have started making lifestyle changes. Furthermore, the growing online network of fitness studios and gyms has been assisting in increasing the adoption rate of mental fitness apps.

The advent of COVID-19 aided people in switching from the traditional studios and gyms to virtual training platforms resulting in rapid increase in the number of fitness app downloads and subscriptions. This has aided the demand for sports fitness trackers and sports fitness apps worldwide, such as yoga apps.

The market is triggered to rapidly grow at a CAGR of 19.7% compared to the historical growth of 14.6%. Exercise & weight loss category is expected to remain the highest revenue-generating segment, growing at a CAGR of 19.4% during the forecast period (2022-2032).

The COVID-19 outbreak prompted a shift in consumer behaviour, with more number of people switching to virtual fitness over traditional clubs. It has also raised public awareness about health and hygiene. Due to lockdown constraint and social distancing norms, COVID-19 has creating expansion prospects for workout applications, resulting in widespread adoption.

The global functional fitness applications market is also being driven by the increasing penetration of smartphones and wearable technologies in developing countries. The health and fitness segment shows the best retention among the consumers. Furthermore, the introduction of IoT gadgets at an affordable price and subscription models has increased its demand.

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Competitive Analysis

The pandemic induced demand and growing adoption of fitness and workout apps has fostered a competitive atmosphere among industry participants. In addition, the key companies' core tactics of mergers, collaborations, and acquisitions are predicted to boost market expansion.

To maintain their dominant position in the industry, the key players are focusing on producing technologically advanced products and innovative offerings at affordable prices. For better customer experience, the market players are also upgrading their portfolio with advanced features.

Market players are involved in various strategies to capture the market share. They are as follows:

In Feb 2021, NASA partnered with Fitbit to offer a Fitbit device, a ready for work solution to support health and safety of NASA employees. This app aims to check symptoms and prevent the spreading of the virus among astronauts.

In April 2021, Adidas Runtastic partnered with Tooz Technologies to bring immersive running experience for athletes through their smart glasses for sports. This marked the beginning of research on the next-gen wearable technology.
In Oct 2021, PEAR Sports acquired Aaptiv to advance its personalised approach to fitness and wellness programming for consumers and employers.

It plans to integrate Aaptiv's offerings with its PEAR Training Intelligence and make it a competitive offering in the fitness app industry.
Similarly, recent developments related to companies offering Fitness Applications have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in Fitness Applications Market Analysis

By Type :
Exercise & Weight Loss Apps
Diet & Nutrition Apps
Fitness Tracker Apps/ Workout Apps

By Platform :
Android Based Fitness Apps
iOS Based Fitness Apps

Other Platform based Based Fitness Apps
By Device Type :
Smartphones
Tablets
Wearable Devices

By Region :
North America
U.S.
Canada
Latin America
Brazil
Mexico
Others
Europe
Germany
U.K.
France
Spain
Italy
Russia
Others
APAC
India
China
Japan
South Korea
Australia
Others
MEA
South Africa
Saudi Arabia
UAE
Israel
Others

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Key Question answered in the survey of Fitness Applications report:

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More Valuable Insights on Fitness Applications

Fact.MR, in its new report, offers an unbiased Market Analysis of Fleet Maintenance Software Services , Sales and Demand of Fleet Maintenance Software Services , analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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