Indoor Cycling Software Market - Business Strategies, Overview, Growth Factors, Industry Share, Size to 2027

A new business intelligence report released by The Insight Partners "Indoor Cycling Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Session Type, Application, and Subscription Type," the global indoor cycling software market was valued at US$ 142.1 million in 2019 and is expected to grow at a CAGR of 8.6% during the forecast period of 2020 to 2027 to reach US$ 274.5 million by 2027.

The Indoor Cycling Software Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. This report focuses on the Indoor Cycling Software Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Indoor Cycling Software Market development in United States, Europe and China.

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The Key Players in The Global Market Are: 

BKOOL, S.L.
FulGaz
Kinomap
SpiviTech Ltd.
Stages Indoor Cycling LLC.
Tacx International B.V.
Trainer Road, LLC
VirtualTraining s.r.o.
Wahoo Fitness
Zwift Inc.

The indoor cycling software market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The indoor cycling software market is led by North America in 2019, followed by Europe and the APAC region. The growth of the market is mainly driven by the presence of leading market players in the region, such as Zwift Inc., Stages Indoor Cycling LLC, and SpiviTech Ltd., among others. APAC region is anticipated to grow at the highest CAGR during the forecast period. The indoor cycling software market in APAC region is mainly driven by the increasing health awareness and the growing internet and mobile usage. The growing adoption of health and fitness equipment in the region is also anticipated to propel the demand for indoor cycling software during the forecast period.

Increasing efforts of key players to introduce and develop new products is one of the major factors contributing toward the growth of the indoor cycling software market. Advances in the offerings of indoor cycling software have led vendors to develop cycle-specific software to transform the indoor cycling community. For example, iQniter launched BiQing, an indoor cycling-specific software program that offers seamless integration of pre-designed, effort-based classes, with a custom screen display explicitly designed for group cycling. Similarly, in 2019, FulGaz introduced an Apple TV app for indoor cycling, integrated with the indoor cycling system, and provides outdoor cycling routes. This further enhances the overall market demand for indoor cycling software and is expected to increase the adoption of this software during the forecast period. Indoor cycling offers various advantages, including improved muscular endurance, lower stress levels, and lower coronary artery disease risks. The integration of indoor cycle solution enables users to track and achieve their daily goals based on individual needs and body type.

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The report segments the global Market as follows:

By Session Type (Solo and Group)
By Application (Professional Training and Health & Fitness)
By Subscription Type (Monthly Subscription and Annual Subscription)

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At present, North America is the largest market in terms of revenue share of global indoor cycling software market. The region is characterized by the presence of developed nations such as the US and Canada, where the demand of technology solutions and services is quite high owing to the huge presence of companies from various industry sectors. Indoor cycling industry has been flourishing at an impressive pace in the US due to high adoption among commercial and individual endusers. In terms of COVID-19 outbreak, the US is considered one of the worst affected countries with more than 6,050,444 confirmed cases and more than 184,614 deaths, as per the recent WHO report on 4th of September 2020.

However, with increasing number of companies continuing to adopt remote working and increasing utility of social media, the demand for indoor cycling software among endusers has seen an increase in the past few months. The COVID-19 outbreak has a positive impact on the growth of some industries such as video conferencing, desktop virtualization, and online media & entertainment streaming. Hence, it is anticipated that COVID-19 crisis will impact the indoor cycling software market growth in a positive manner.

Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Indoor Cycling Software Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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This release was published on openPR.