Press release
Fitness App Market Will Generate Record Revenue by 2029
The global fitness app market is anticipated to grow at a significant CAGR of 20.8 % during the forecast period. Rising awareness among the population across the globe towards the health coupled with inclination towards the adoption of healthy lifestyle has propelled the growth of the market. As a result of which, consumers had started using apps to get more information on health issues and track their daily intakes. According to the World Economic Forum, in September 2021, downloads of health and fitness applications has been grew by 46% across the globe. Additionally, 97% believe fitness and happiness go hand in hand and while men are turning towards cycling, martial arts, and the gym, women are more inclined to choose dance, aerobics, and jumping rope to get there. Furthermore, during the period of home isolation increased usage of technology-aided distant social interaction, focus on physical fitness, and leisure activities were adopted by consumers, which acted as a major factor driving the growth of the fitness app market for the forecast period.Outbreak of COVID-19 significantly impacted on the fitness app market. The pandemic pushed consumers to adopt virtual fitness over physical gyms and fitness studios. The guidelines of the government to maintain social distance to avoid transmission of COVID-19 are affecting the health of many individuals who are unable to meet their fitness goals. Owing to this, virtual app vendors are focusing on introducing innovative solutions and expanding their geographical range which is fueling the fitness app market for the forecast period. For instance, in August 2021, Union Minister for Youth Affairs and Sports in India, Anurag Thakur launched Fit India mobile app at the Major Dhyan Chand National Stadium in Delhi. The mobile app is a personal trainer and fitness guide which aims to create more awareness towards fitness. Additionally, vendors are offering various premium features and discounts to attract consumers and take subscriptions acting as a driver to the market.
The global fitness app market is segmented based on the operating system and application. Based on the operating system, the market is bifurcated into IOS and android. Based on the application, the market is sub-segmented into exercise & weight loss, diet & nutrition, activity tracking, and others. Among the operating system segment, the android market segment is expected to witness a high growth rate for the fitness app market for the forecast period. Rapidly increasing android users across the globe and advancements in android technology for smartphones are driving the growth of the market.
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Fitness App Market Segmentation
By Operating System
IOS
Android
By Application
Exercise & Weight Loss
Diet & Nutrition
Activity Tracking
Others
A full Report of Fitness App Market is Available @ https://www.omrglobal.com/industry-reports/fitness-app-market
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Company Profiles
Aaptiv Inc.
Applico Inc.
ASICS Asia Pte. Ltd.
Azumio, Inc.
Fitness keeper
Grand Apps
Kayla itsines
My FitnessPal Inc.
Noom Inc.
Polar Electro Oy
Samsung Electronics Co. Ltd.
Strong Fitness Pte Ltd.
Tom Tom International BV
Under Armour, Inc.
WillowTree, Inc.
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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