Press release
Fitness App Market: Industry Outlook, Growth Prospects, Key Opportunities, Size, Share And Latest Trends Forecast To 2032
Fitness App Market
The Business Research Company's Fitness App Global Market Report 2023 identifies increase in prevalence of chronic diseases as the major driver for the Fitness App market's growth in the forecast period. Chronic diseases are diseases that persist for a longer period of time, such as obstructive pulmonary disease, diabetes, and cancer. Fitness apps help people suffering from chronic diseases to better manage their conditions.
The global fitness app market size grew from $10.13 billion in 2022 to $12.68 billion in 2023, at a compound annual growth rate (CAGR) of 25.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fitness app market size is expected to grow to $29.16 billion in 2027 at a CAGR of 23.1%.
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Major competitors in the Fitness App market are Appster, Adidas AG, Asics America Corporation, Fitbit Inc., Azumio Inc., Fitnesskeeper Inc., Google LLC, Fooducate, Kayla Itsines, Nike Inc.
A key trend in the Fitness App market includes technology advancements. Major companies operating in the fitness app sector are focused on technological advancements to sustain their position in the market. For instance, in 2021, Train Fitness, a UK-based company operating a fitness app, released the first-ever hands-free workout-tracking software based on artificial intelligence (AI). It detects workouts and tallys reps as users work out. This software uses AI to analyze motion data from the watch to derive an expertise-level analysis of workouts.
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The Fitness App market is segmented -
• By Type: Workout and Exercise Apps, Disease Management, Lifestyle Management, Nutrition and Diet, Medication Adherence
• By Platform: Android, iOS, Other Platforms
• By Device: Smartphones, Tablets, Wearable Devices
• By Application: Tracking, Training, Fitness games, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fitness App market.
The Business Research Company's "Global Fitness App Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fitness App Market Include:
1. Executive Summary
2. Fitness App Market Characteristics
3. Fitness App Market Trends And Strategies
4. Fitness App Market - Macro Economic Scenario
5. Fitness App Market Size And Growth
……………………………………………………..
26. Africa Fitness App Market
27. Fitness App Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fitness App Market
29. Fitness App Market Future Outlook and Potential Analysis
30. Appendix
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