Dublin-(Business wire)-“Fitness App Market Size, Share, Trend Analysis Report, Type (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking), Platform (Android, iOS), Device, Region, Segment Forecast, 2022- 2030 ”report was added ResearchAndMarkets.com Recruitment.
The global fitness app market is expected to reach US $ 4.8 billion by 2030 and grow at a CAGR of 17.6% from 2022 to 2030.
Fitness is one of the major segments of the IT industry and has seen significant growth in the United States over the last decade. This can be due to a variety of factors, including more time spent online and increased awareness of the benefits of wearable devices. , And the increasing spending of middle-income households.
Increasing smartphone use by people of all incomes is also contributing to the increased adoption of fitness apps. This is evidenced by changes in market share trends since 2013, when the Asian market outperformed the North American fitness app market. This is mainly due to differences in the target population, which are reported to have high recruitment rates in countries such as China and India.
The COVID-19 pandemic has moved consumers from traditional gyms and fitness studios to virtual avenues. In addition, the increasing trend of online training and home exercise among different target groups has increased the use of fitness apps, further contributing to the growth of the market.
According to an article published at the World Economic Forum in September 2020, the number of fitness app downloads has increased by 46% worldwide, and the market will grow further with the adoption of smart wearables, smart devices and smartphones. Expected. In addition, increased adoption of these apps during the pandemic led to a 48.0% increase in revenue generated by fitness apps in 2020 compared to 2019.
In addition, with the surge in downloads, the fitness app recorded an increase in the number of active users (DAUs) per day. India recorded the largest increase in DAU, with an increase of 84.0%, accounting for approximately 12 million new fitness app users. MENA recorded the second highest growth according to downloads, estimated at 28%.
However, during the pandemic, the United States recorded the lowest increase at a growth rate of about 8.0%. In addition, while some free or cost-effective fitness apps are available in stores, these are due to other app vendors shifting their focus to areas such as women’s health, diet / nutrition, etc. Demand for apps is expected to decline over time, and medication reminders.
Fitness app market report highlights
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The exercise and weight loss segment emerged in 2021 as a major type of segment with a revenue share of over 50.0% due to an increase in obesity cases.
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By platform, the iOS segment accounted for the largest share of revenue in 2021 due to increased adoption of this platform, especially in countries such as Egypt, India, Brazil, Ireland, Portugal, Turkey and South Africa.
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Based on the device, smartphones accounted for the largest revenue share in 2021.Wearable devices are projected to grow at the fastest CAGR during the forecast period
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North America had the largest revenue share in 2021 due to the high penetration of smartphones, heightened awareness of health and wellness, and the availability of several fitness apps.
Main topics to cover:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Global Fitness App Market Variables, Trends, and Scope
Chapter 4 Global Fitness App Market: Competitive Analysis
Chapter 5 Global Fitness App Market: Type Estimates and Trend Analysis
Chapter 6 Global Fitness App Market: Platform Estimates and Trend Analysis
Chapter 7 Global Fitness App Market: Device Estimates and Trend Analysis
Chapter 8 Global Fitness App Markets: Regional Estimates and Trend Analysis, By Type, By Platform, By Device
Chapter 9 Competitive Landscape
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Adidas
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Appster
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Asics America Corporation
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Azumio Co., Ltd.
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Fitbit, Inc.
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FitnessKeeper
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Fooducate
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Google
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Kayla Itines
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MyFitnessPal, Inc.
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Noume
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Polar electro
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Under Armor, Inc.
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Nike
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Willow Tree Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/ddrjwk.
