Market Trends of Digital Fitness Apps Industry
This section covers the major market trends shaping the Digital Fitness Apps Market according to our research experts:
Rapid Digitalization Aids Market Growth
- Numerous sectors have seen significant digital developments since the start of the twenty-first century. Most businesses are benefiting from constantly developing technology, from e-commerce to healthcare. One of the latest entrants is the fitness sector. In the past, it has prioritized highly customized face-to-face encounters, putting technologies behind. Gym-goers and health-conscious people are further exploring the benefits of digitalization and anticipating the service providers to do the same.
- The increasing mobile app business is hardly surprising, given that there are more than 6.3 billion smartphone users worldwide. Since smartphone penetration and app usage are both still growing substantially, it does not appear that it would slow down anytime soon. Mobile applications have significantly changed our everyday lives. Consequentially the adoption of fitness apps is also increasing.
- Moreover, mobile phone apps can be used anywhere, and the rising adaptation of these fitness apps is increasing due to the better area coverage and internet network infrastructure. According to datareportal, internet users worldwide have reached 5.07 billion, or 63.5% of the world's population. The rising use of smartphones, tablets, wearable technologies, and high-speed internet access among the general population would increase the market for fitness apps throughout the forecast period.
- Utilizing wearable wellness-tracking technology is just one example of a current trend in the fitness sector that gives us access to a vast amount of user data. Modern fitness apps integrate artificial intelligence and machine learning to access real-time data from users to track their activities every moment. Also, fitness centers have the chance to attract new clients due to AI-based fitness applications.
- With over 18 million downloads last year, Planet Fitness was the US's most widely used health and fitness app. Sweatcoin, a sports and activity monitoring software, came in second place with almost nine million downloads. During the study period, the meditation and mental health app Calm had 8.8 million downloads nationwide, placing it third among health apps. Flo was downloaded 7.2 million times by United States users in the studied year, despite the controversy surrounding period tracking mobile applications data sharing and privacy settings in the wake of the Supreme Court overturning Roe v. Wade.
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North America is Expected to Witness More Growth
- In recent years, North America has had a substantial market share. The rise is also anticipated to continue during the projection period. Numerous elements, including a rise in the number of chronic diseases, a quick increase in smartphone usage, and an expansion of coverage networks, contribute to digital fitness growth in North America.
- The United States is regarded as the global center for technology. With constant innovation and the growing trend of using technologically advanced apps that can have an impact over the long term, the nation consistently works to build the newest technology and applications quickly. North America has the highest rate of adoption of mobile applications across the world, including digital fitness app adoption.
- The existence of major market participants like Fitbit, Nike, Inc., Azumio, and Headspace are crucial drivers supporting this region's industry. Notably, North American businesses are incorporating artificial intelligence (AI) more rapidly to monitor and track the activity on a real-time basis on their apps. It is anticipated that the demand for these fitness apps will increase even more due to the ongoing introduction of new technologies and the rising usage of specific features in health apps.
- Furthermore, the demand for digital fitness apps in the area is accelerating because of encouraging government initiatives. The United States government is investing significantly to create a new public health informatics and digital health program and has persisted in emphasizing the importance of innovation and digital health as key components of a strong healthcare system.
- Moreover, the industry in the region is also being driven by chronic health issues that the elderly population faces. According to research by the National Association of Chronic Disease Directors, nearly 60% of Americans have at least one chronic illness. As the American population ages, more persons are classified as having a "high risk" of developing certain chronic illnesses. These fitness apps help them keep constant contact with doctors, trainers, dietitians, and mental health mentors.
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