Presence of major pharma organisations and rising demand for continuous health monitoring are significant drivers that are fueling growth of fitness app market.
PORTLAND, PORTLAND, OR, UNITED STATES, October 21, 2022 /EINPresswire.com/ — Allied Market Research recently published a report, titled, “Fitness App Market by Device Type (Smartphone, Tablets, and Wearable Devices), Operating System (iOS and Android), and Type (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030″. As per the report, the global fitness apps industry was accounted for $13.78 billion in 2020, and is expected to reach $120.37 billion by 2030, growing at a CAGR of 24.3% from 2021 to 2030.
Growing emphasis toward maintaining healthy lifestyle, increase in awareness about diet-related diseases, and surge in use of smartphones, wearables, and tablets drive the global fitness apps market. On the other hand, technical issues in apps, high cost of in-app purchases, and concerns regarding data security and strict regulation of data privacy hinder the market growth. However, technological advancements in AI and machine learning and increase in the prevalence of hypertension, cardiac problems, and obesity are projected to create lucrative opportunities in the industry.
Download Sample Report (Get Full Insights in PDF – 201 Pages) at: https://www.alliedmarketresearch.com/request-sample/7830
The smartphone segment held the lion’s share
Based on device type, the smartphone segment held the major share in 2020, generating more than half of the global fitness apps market, owing to self-efficacy and self-monitoring solutions provided by smartphones. The wearable devices segment, on the other hand, is projected to cite the fastest CAGR of 25.5% during the forecast period. This is attributed to growing trend of wearable technology among the youth.
The iOS segment held the highest share in 2020
Based on operating system, the iOS segment held the highest share in 2020, generating more than half of the global fitness apps industry. This is because it offers better premium class plans. The Android segment, however, would cite the fastest CAGR of 26.1% from 2021 to 2030. This is due to growing adoption of android devices in the majority of countries.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/7830
North America held the major share
Based on region, the market across North America accounted for the highest share in 2020, contributing more than one-third of the global fitness app industry, due to rise in popularity of fitness apps among the younger race. On the other hand, the global fitness apps market across Asia-Pacific is expected to cite the fastest CAGR of 26.3% throughout the forecast period. This is owing to rise in application of data analytics in fitness apps such as assessing and developing yoga programs, spotting anomalies in scans, and so on.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/7830
Prominent market players –
• Applico Inc.
• Azumio, Inc.
• Aaptiv Inc.
• Fitbit LLC.
• MyfitnessPal, Inc.
• Noom Inc.
• Nike, Inc.
• Under Armour, Inc.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
1. Online/Virtual Fitness Market
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Allied Analytics LLP
+ +1 503-894-6022
email us here
Visit us on social media: