DUBLIN--(BUSINESS WIRE)--The "Fitness App Market Research Report by Function (Activity Tracking, Diet and Nutrition, and Workout or Exercise), Type, Monetization Mode, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Fitness App Market size was estimated at USD 5,404.39 million in 2021, USD 6,965.88 million in 2022, and is projected to grow at a CAGR 29.46% to reach USD 25,450.48 million by 2027.
Market Segmentation & Coverage:
This research report categorizes the Fitness App to forecast the revenues and analyze the trends in each of the following sub-markets:
- Based on Function, the market was studied across Activity Tracking, Diet and Nutrition, and Workout or Exercise.
- Based on Type, the market was studied across Altruistic Fitness Apps, Competitive Fitness Apps, Fitness-Tracking Apps, Social Fitness Apps, and Workout Fitness Apps.
- Based on Monetization Mode, the market was studied across Advertisements, Freemium Apps, In-App Purchases, and Paid Apps.
- Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Fitness App Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report answers questions such as:
1. What is the market size and forecast of the Global Fitness App Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Fitness App Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Fitness App Market?
4. What is the competitive strategic window for opportunities in the Global Fitness App Market?
5. What are the technology trends and regulatory frameworks in the Global Fitness App Market?
6. What is the market share of the leading vendors in the Global Fitness App Market?
7. What modes and strategic moves are considered suitable for entering the Global Fitness App Market?
Market Dynamics
Drivers
- Growing Emphasis on Maintaining a Healthy Lifestyle and Use of Smart Devices
- Surge in Fitness App Adoption Owing to Low Cost and High Accessibility
- Growing Number of Mergers & Acquisitions
Restraints
- Faulty Screening Methods and Inaccurate Estimates of Fitness Apps
Opportunities
- Rising Number of Product Launches with Innovative Features and Wearable Technology Integration
- Fitness Apps Offering a Holistic Approach to Wellness
Challenges
- Concerns Regarding Security, Encryption, and Privacy
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fitness App Market, by Function
7. Fitness App Market, by Type
8. Fitness App Market, by Monetization Mode
9. Americas Fitness App Market
10. Asia-Pacific Fitness App Market
11. Europe, Middle East & Africa Fitness App Market
12. Competitive Landscape
13. Company Usability Profiles
14. Appendix
Companies Mentioned
- 8fit GmbH
- Aaptiv Inc.
- Adidas AG
- Appinventiv Technology Pvt. Ltd.
- Apple Inc.
- ASICS Corporation
- Azumio Inc.
- Daily Workout Apps, LLC
- Fooducate Ltd.
- Freeletics GmbH
- Garmin Ltd.
- Google LLC by Alphabet Inc.
- HealthifyMe Wellness Private Limited
- Jefit, Inc.
- Lenovo Group Limited
- MyFitnessPal, Inc.
- Nike Inc.
- Noom, Inc.
- Polar Electro Oy
- Samsung Electronics Co., Ltd.
- TomTom N.V.
- Wahoo Fitness
For more information about this report visit https://www.researchandmarkets.com/r/59kovy
