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NEW YORK, Nov. 1, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global
fitness app market
size is estimated to grow by USD 55.86 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of
17.78%
during the forecast period. Empowering health management amid rising incidence of chronic diseases
is driving market growth,
with a trend towards
innovative coaching platform approach with integrated video workout features. However,
failing in user engagement and retention
poses a challenge market players include Adidas AG, Alphabet Inc., Apple Inc., ASICS Corp., Azumio Inc., BetterMe Ltd., Diverse Retails Pvt. Ltd., Fiit Ltd., Fitness Connection, Fooducate Ltd., Garmin Ltd., Jefit Inc., MINDBODY Inc., Nike Inc., PEAR Sports LLC, Polar Electro Oy, Samsung Electronics Co. Ltd., Squats Fitness Pvt. Ltd., Under Armour Inc., Wahoo Fitness LLC, WellDoc Inc., and YAZIO GmbH.
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Technavio has announced its latest market research report titled Global Fitness App Market 2024-2028
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| Forecast period |
2024-2028 |
| Base Year |
2023 |
| Historic Data |
2018 - 2022 |
| Segment Covered |
Gender (Female and Male), Application (Lifestyle monitoring, Health monitoring, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa) |
| Region Covered |
North America, APAC, Europe, South America, and Middle East and Africa |
| Key companies profiled |
Adidas AG, Alphabet Inc., Apple Inc., ASICS Corp., Azumio Inc., BetterMe Ltd., Diverse Retails Pvt. Ltd., Fiit Ltd., Fitness Connection, Fooducate Ltd., Garmin Ltd., Jefit Inc., MINDBODY Inc., Nike Inc., PEAR Sports LLC, Polar Electro Oy, Samsung Electronics Co. Ltd., Squats Fitness Pvt. Ltd., Under Armour Inc., Wahoo Fitness LLC, WellDoc Inc., and YAZIO GmbH |
Key Market Trends Fueling Growth
The fitness app market is witnessing an emerging trend with the integration of innovative coaching platforms. These platforms offer integrated video workouts and video-on-demand (VOD) features, providing users with more interactive and personalized fitness experiences. Major companies are responding to this shift by developing advanced coaching platforms to gain a competitive edge. An online coaching platform facilitates easier communication between clients and coaches during sessions. The growth of these coaching platforms is expected to significantly contribute to the expansion of the global fitness app market during the forecast period.
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Market
Challenges
.
The global fitness app market faces substantial challenges in maintaining user engagement and retention. While initial downloads keeping users over the long term proves more challenging due to intense competition. Providing fresh content, such as new workout routines and motivational incentives, is essential to prevent user churn. A seamless user experience and prompt issue resolution are crucial for retaining trust and loyalty. Adapting to emerging trends, like wearable device integration, virtual coaching, and personalized nutrition plans, is also vital for staying relevant and innovative. Neglecting user engagement and retention can hinder the growth of the fitness app market during the forecast period.
.
In the dynamic world of health and wellness, fitness apps have emerged as a game-changer, attracting millions of mobile subscribers. These apps offer in-app fitness solutions, including virtual training and personalized fitness plans, catering to the needs of smartphone users. In-home fitness equipment and wearable technology integration further enhance the user experience. However, maintaining the highest retention rates remains a challenge. Machine learning and artificial intelligence are employed to provide nutrition guidance, monitor diet, and track workouts and activity levels. Regulatory frameworks ensure health and hygiene standards. Future Fitness apps offer advanced features like calorie tracking, workout routines, and mental well-being education. Personal training, once a luxury, is now accessible through online platforms with personalized diet charts and fitness plans, reducing personal training fees. Smart devices, including laptops, tablets, smartphones, and smartwatches, are integral to this market. The fusion of technology and fitness awareness is revolutionizing the industry, transforming conventional fitness studios and gyms into virtual spaces.
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Segment Overview
This fitness app market report extensively covers market segmentation by
Gender
Application
2.1 Lifestyle monitoring
2.2 Health monitoring
2.3 Others
Geography
3.1 North America
3.2 APAC
3.3 Europe
3.4 South America
3.5 Middle East and Africa
Research Analysis
Fitness apps have revolutionized the way we approach health and wellness , offering convenient and flexible solutions for individuals seeking to improve their fitness levels and prioritize mental well-being. With the rise of virtual fitness, in-app workouts, and online training, conventional studios and gyms have had to adapt to remain competitive. Subscriptions to fitness apps grant users access to a wealth of resources, including activity tracking, personal training, and diet charts. These apps cater to smartphone users, laptops, tablets, and even smart devices, making fitness accessible from anywhere. As awareness of fitness continues to grow, regulatory frameworks ensure the safety and effectiveness of these apps. Health Works Collective is an example of a platform that offers mental well-being, health, and hygiene resources alongside fitness training. Overall, fitness apps provide a comprehensive solution for individuals seeking to prioritize their health and wellness in today's fast-paced world.
Market Research Overview
Fitness apps have revolutionized the way we approach health and wellness, offering advanced features like activity tracking, calorie counting, and diet chart monitoring to help users stay on top of their fitness goals. These apps go beyond just tracking workouts, with in-app fitness classes, personalized fitness plans, and virtual coaching sessions available to subscribers. Artificial intelligence and machine learning technology provide personalized recommendations based on individual fitness levels and goals. Mental well-being is also prioritized, with features that promote mindfulness and stress reduction. Smart devices like smartphones, tablets, smartwatches, and fitness trackers integrate seamlessly with these apps, allowing users to monitor their progress and stay motivated. Online platforms offer virtual fitness classes, personal training, and nutrition guidance, making fitness more accessible than ever before. With the highest retention rates, fitness apps are the future of health and wellness, providing convenience, affordability, and a comprehensive approach to fitness and nutrition. Regulatory frameworks ensure user safety and privacy, while gyms , fitness studios, and conventional workout routines continue to coexist with these innovative offerings.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Gender
Application
Lifestyle Monitoring
Health Monitoring
Others
Geography
North America
APAC
Europe
South America
Middle East And Africa
7
Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:
[email protected]
Website:
SOURCE Technavio
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