Fitness App Market Industry Size, Share Trends, Growth, Demand, Opportunities and Forecast By 2029

Recent study report released by Data Bridge Market research titled "Global Fitness App Market" (covering USA, Europe, China, Japan, India, South East Asia, etc) highlights opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. This research report presents key insights on the Global Fitness App Market along with the latest and updated industry details. According to the latest research, the Fitness App Market encompasses a variety of issues and tasks in the global market.

This research report offers a comprehensive selection of financial products, product prospects, and development rates during the forecast period. In short, the study provides a general overview of the Fitness App market based on its current situation and market size in terms of volume and return. The regional study of the global Fitness App Market included in the report helps readers to gain a deep understanding of how various geographic markets have been developing over the past few years.

The global fitness app market is expected to witness significant growth during the forecast period. The global fitness app market is growing tremendously due to rising inclination towards fitness and weight reduction, increasing the prevalence of chronic diseases including diabetes. The rising popularity of using smartwatches and bands is also driving market growth. Fitness apps provide synced series of songs, each having the same beat when doing workouts such as running and fitness classes.

Data Bridge Market Research analyses a growth rate in the global fitness app market in the forecast period 2022-2029. The expected CAGR of global fitness app market is tend to be around 26.1% in the mentioned forecast period. The market was valued at USD 1.10 billion in 2021, and it would grow upto USD 7.03 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

A fitness app is defined as an application that can be downloaded on smart devices including laptops, phones, and tablets among others. According to the online public health resource (Health Works Collective), more than 97,000 fitness and health apps are available on tablet and mobile devices. Moreover, approximately 52% of the smartphone users achieve health-associated information through their devices and approximately 15% of the users are between the age of 18-29 years old who have installed health apps. There are several types of fitness app available including care management apps, vital sign monitoring apps, health and wellness apps, women health apps, medication management apps, consultancy apps among others.

Access Full 350 Pages PDF Report @

https://www.databridgemarketresearch.com/reports/global-fitness-app-market

Key Coverage in the Fitness App Market Report:

Detailed analysis of Fitness App Market by a thorough assessment of the technology, product type, application, and other key segments of the report

Qualitative and quantitative analysis of the market along with calculation for the forecast period

Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth

Comprehensive analysis of the regions of the Fitness App industry and their futuristic growth outlook

Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies

Global Fitness App Market Dynamics

Drivers

Rising Demand for Subscription Based Plans

Subscription based segment is projected to dominate the market as it provides the people with customized plans, diet charts and workout routines. Such advantageous factors are boosting the growth potential of the subscription-based segment.

Increased Indulgence of Smartphones

Increased use of smartphones has led to the growth of the global fitness app market. According to the Mobile Economy Survey 2018, smartphone involvement is set to rise from 57.0% in 2017 to 77.0% by 2025. In addition to this, unique mobile subscribers are anticipated to reach 5.9 billion by 2025 according to the Mobile Economy 2018 survey. Moreover, the increasing adoption of wearable devices including Fitbit and Apple Watch will further aid the market growth.

Opportunities

Emerging Functionalities in the apps

New functions and advanced features of the fitness apps are further added to upgrade the consumer experience. For instance, in June 2020, HealthifyMe which is a health and nutrition app launched HealthifyMe Studio, which provides live streaming interactive workouts.

Increased Funding and Investment Ventures

The effectiveness and adoption of these fitness apps have led to the rising investments in the fitness app sector. For instance, Future Fitness announced that it has received USD 8.5 million in Series A funding led by Kleiner Perkins in May 2019. Other investors in the company are Caffeinated Capital, Khosla Ventures, Founders Fund, and Instagram co-founder Mike Krieger. In addition, Fittr raised USD 2.0 million in April 2020. This is expected to positively impact the market growth.

Restraints/Challenges

Lack of skilled professionals

The lack of qualified personnel who are unable to use these devices could curb the growth of the global fitness app market over a forecast period.

High Cost

The huge expenditure required for setting up or develop the apps surely hamper the market growth. Several market players make huge investments in installing new and advanced apps to faster the process; in return, the cost is increased.

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This release was published on openPR.