The Global Fitness App Market is anticipated to grow at a CAGR of around 22% during 2021-26. The growth of the Global Fitness App Market is driven by the rising adoption of sports & fitness apps and the high demand for real-time data such as various fitness tracking activities such as monitoring heart rates. Further, the evolving trend of wearable fitness devices coupled with rapid internet penetration used for would aid to the significant growth of the fitness app market in the forthcoming timeline.
Key questions answered in the study
Smartphones Grabbed Highest Market Share
According to the MarkNtel Advisors’ research report, “The Global Fitness App Market Analysis, 2021”. the Global Fitness App Market is anticipated to grow at a CAGR of around 22% during 2021-26. Based on Device Type, Smartphones acquired the highest market share in the global fitness app market in 2019. The growth of this segment is attributed to the high percentage of smartphone usage. Besides this, the surge in penetration of fitness apps into smartphones would drive the market growth in the coming years.
“The Global Fitness App Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting market growth, hotspots and opportunities available for fitness app providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America leads the market
Based on Region, North-America holds the largest market share in the global fitness app market in 2019 and is anticipated to maintain its position during the forecasted period. The US has grabbed the largest market share as it one of the biggest smartphone markets Moreover, rise in the number of fitness enthusiast and surge in usage of wearable devices such as fitness bands and smartwatches. Thus, this further propels the growth of fitness app market during the forecasted period as revealed by MarkNtel Advisors’ research report “The Global Fitness App Market Analysis, 2021”.
According to MarkNtel Advisors, the major leading players in the global fitness app market are Bausch Health Companies Inc., Novartis AG, Pfizer Inc., Bristol-Myers Squibb Company, Johnson & Johnson, Merck & Co. Inc., Amgen Inc., AbbVie Inc., Eli Lilly and Company, Galderma S.A., GlaxoSmithKline plc, Mylan N.V.