Global Fitness App Industry Expected To Reach $ 13.59 Billion By 2026

DUBLIN, January 10, 2022– (BUSINESS WIRE) – The report “Global Fitness Application Market (2021-2026) by Type, Function, Gender, Platform, Function and Geography, Competitive Analysis and Impact of Covid-19 with the Ansoff analysis ”was added to ResearchAndMarkets.com offer.

The global fitness apps market is estimated to be worth $ 6.12 billion in 2021 and is expected to reach $ 13.59 billion by 2026, with a CAGR of 17.3%.

Growing emphasis on sustaining a healthy lifestyle, increasing use of smartphones, tablets, and wearable devices, and growing awareness of diet-related illnesses are driving the growth of the global market fitness apps. Furthermore, the ease of access and temporal flexibility of the fitness related information has improved the market growth.

In addition, the fitness app expands its presence in nutrition and wellness apps and offers specialist apps such as diet, meditation, sleep monitoring and female specific fitness apps. Major players are investing in the fitness app to develop new features like virtual experience and activity trackers, creating a lucrative opportunity for the market.

However, technical issues and the high cost of in-app purchases are likely to hold back the growth of the market.

The global fitness apps market is further segmented on the basis of type, function, gender, platform, function, and geography.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Why buy this report?

  • The report offers a comprehensive assessment of the global fitness applications market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is carried out through interviews, surveys and observations of well-known people in the industry.

  • The report includes in-depth market analysis using Porter’s 5 Forces Model and Ansoff Matrix. In addition, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario of the industry, which will help you to make an informed decision. The report covers the main regulatory bodies and the main rules and regulations imposed on this industry in various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Market dynamics

Conductors

  • Emphasis is placed on maintaining a healthy lifestyle

  • Growing use of smartphones, tablets and portable devices

  • Increased awareness of diet-related illnesses

  • Easy accessibility and flexibility of time for fitness, nutrition and information

Constraints

Opportunities

  • Emerging Markets

  • Growing investments in fitness applications

  • Growing demand for real-time data

  • Growing demand for fitness apps for different purposes

Challenges

Companies mentioned

  • Adidas

  • Appinventiv

  • Asics

  • ASICS digital

  • Azumio

  • Better

  • FitNow

  • Fooducate

  • Google

  • Large applications

  • Lenovo

  • MyFitnessPal

  • Nike

  • Noom

  • PEAR Sports

  • Electro fleece

  • Samsung

  • Under protection

  • Weeping willow

  • YAZIO

For more information on this report visit https://www.researchandmarkets.com/r/c21yg7

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220110005627/en/

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