The Global Fitness App Market is likely to grow at a CAGR of around 22% between 2021-26. This growth attributes to the rising adoption of sports & fitness apps and the high demand for real-time data like fitness tracking activities & heart rate monitoring. Further, the evolving trend of wearable fitness devices and rapid internet penetration aid the significant growth of the fitness app market in the coming time.
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 market is likely to grow at a CAGR of around 22% between 2021-26. Based on the device type, smartphones acquired the highest market share in the global fitness app market in 2019. The segment growth is primarily due to the rapidly increasing usage of smartphones. Besides, the surge of fitness apps into smartphones would drive market growth in the coming years.
"The Global Fitness App Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights about the market potential, key factors impacting the market growth, hotspots, and available opportunities for fitness app providers across the country. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
North America Tops the Market Share
Based on Region, North America held the largest market share in the global fitness app market in 2019 and is likely to maintain its position during the forecast period. The US grabbed the largest market share as it is one of the biggest smartphone markets, and also due to the rising number of fitness enthusiasts and a surge of wearable devices like fitness bands and smartwatches. Thus, this further propels the growth of the fitness app market during the forecast period, reveals MarkNtel Advisors in their research report, "The Global Fitness App Market Analysis, 2021."