Global Fitness App Market by Service Type, Application, Deployment Model, Vertical, and Region - Global Forecast to 2025
The global Fitness App Market size was valued at USD 4.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.6% up to 2025.
The spread of the COVID-19 pandemic has resulted in national lockdown and social distancing norms. This has led to the transition from traditional studios and gyms to virtual fitness. As a result, the download and use of fitness apps has increased. According to an article published in the World Economic Forum in September 2020, fitness and health app downloads worldwide increased by 46%. The increasing trend of online fitness training is driving the market worldwide with the increasing use of fitness apps. As awareness of health and well-being is increasing, it is also leading the market.
Additionally, the COVID-19 pandemic has raised awareness of health and hygiene. According to an article published in the World Economic Forum in September 2020, daily active users (DAUs) of fitness apps grew by 24% from Q1 to Q2 2020. Also, the online presence of studios and gyms is on the rise. Many consumers are investing in home fitness equipment.
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The key players operating in this industry are Azumio, FitBit, Jawbone, FitnessKeeper, Under Armour, Adidas, Daily Workouts Apps, Fooducate, Google, My Diet Coach, Nike, Noom, Polar Electro, Runtastic, Samsung Electronics, Sports Tracking Technologies, Wahoo Fitness.
Global Fitness App Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;
By Type, Fitness App has been segmented into:
By Application, Fitness App has been segmented into:
· Application A
· Application B
· Application C
Regions and Countries Level Analysis:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
· Asia-Pacific (China, India, Japan, Southeast Asia etc.)
· South America (Brazil, Argentina etc.)
· Middle East & Africa (Saudi Arabia, South Africa etc.)
Key factors driving the growth of the Fitness App Market include the presence of large pharmaceutical organizations along with key players from multiple industries and the growing demand for ongoing health assessment.
Reasons to Purchase this Market Report:
• Market forecast analysis through recent trends and SWOT analysis
• Fitness App Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
• Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
• Fitness App Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market