Global Fitness App Market To Reach Value Of USD 4700 Million By 2030 | Skyquest Technology

(MENAFN- GlobeNewsWire - Nasdaq) Global fitness app market is segmented by type, and application. Based on type, the market can be segmented into workout and exercise apps, and diet and nutrition apps. Based on application, the market is segmented into smartphones and tablets- Industry forecast 2023-2030

Westford,USA, Jan. 05, 2024 (GLOBE NEWSWIRE) -- According to SkyQuest report, the fitness app market has witnessed a profound transformation to the rapid advancements in technology, which have sparked intense competition between traditional brick-and-mortar gyms and digital, in-app fitness solutions.

Browse in-depth TOC on the "Fitness App Market"

  • Pages - 157
  • Tables - 60
  • Figures – 75

The burgeoning working population has created a fast-paced and demanding lifestyle, leaving limited time for dedicated fitness routines. This shifting dynamic is poised to fuel the growth of the fitness app market in the coming years.

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Report Scope & Segmentation:

Attributes Details
Market Size in 2022 USD 1500 Million
2030 Value Projection USD 4700 Million
CAGR 17.7%
Forecast Period 2023-2030
Segments Covered
  • Type
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Prominent Players in Global Fitness App Market

  • Fitbit
  • MyFitnessPal
  • Under Armour
  • Nike
  • Adidas
  • Azumio
  • FatSecret
  • FitnessKeeper
  • HealthifyMe
  • Jefit
  • Keelo
  • MapMyFitness
  • Runtastic
  • Samsung Electronics
  • Sports Tracker
  • Strava
  • Sworkit
  • Withings

Workout and Exercise AppSegment is Expected to Rise Significantly due to Diverse Range of Workout Plans

Workout and exercise app segment has emerged as a dominant force within the fitness app market. These applications offer users various workout plans, comprehensive tracking features, and valuable coaching services. The demand for these workout and exercise apps is anticipated to sustain its growth trajectory in the near future as awareness regarding the myriad benefits of regular exercise and fitness continues to expand.

The market in North America has asserted its dominance in the fitness app market, driven by a combination of factors that include widespread adoption of mobile applications, a burgeoning health-conscious population, and a steady rise in disposable income levels.

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Diet and Nutrition App Segment is Expected to Dominate Market due to Pivotal Role in Assisting Users

Diet and nutrition app segment has emerged as the fastest-growing sector within the fitness app market. These applications are pivotal in assisting users in monitoring their dietary intake, offering tailored meal plans, and dispensing invaluable nutritional guidance.

Asia-Pacific is poised to experience the most rapid growth rate within the fitness app market during the forecast period. This impressive surge can be attributed to several critical factors, including the escalating rate of smartphone penetration, a surging awareness of health and fitness, and the simultaneous rise in disposable income levels across countries such as China, Japan, India, and Australia.

A comprehensive analysis of the fitness appmarket major players has been conducted recently. The report encompasses various aspects of the market, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.

Key Developments in Global Fitness App Market

  • Nike made a notable acquisition in 2023 by purchasing Freeletics, a prominent fitness app maker. The acquisition transaction was finalized for an undisclosed amount, underscoring the tech giant's commitment to expanding its presence and offerings in the digital fitness sphere.
  • In 2023, the Chinese fitness app Keep garnered substantial attention by successfully raising an impressive $80 million in a funding round. Hillhouse Capital Group, a significant player in the investment landscape, led this considerable investment. These strategic moves within the fitness app sector illustrate the continued momentum and interest surrounding digital fitness solutions in terms of business partnerships and financial assets.

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Key Questions Answered in the Global Fitness App Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • List the top companies in the market and explain how they have achieved their positions of influence.
  • In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?

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