Fitness App Market to Reach USD 3.50 billion during 2021-2025 | Increasing Use of Mobile Apps to Boost Growth | Technavio
NEW YORK, April 7, 2021 /PRNewswire/ --
The fitness app market is expected to grow by USD 3.50 billion during 2021-2025, expanding at a CAGR of almost 15%. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
Fitness App Market: Increasing use of mobile apps to drive growth.
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As per Technavio, the growing adoption of wearable devices will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Fitness App Market: Growing adoption of wearable devices.
"The significant growth of the telecommunication industry and factors such as hectic lifestyles, unhealthy eating habits, and a rise in the number of obese people will further boost market growth during the forecast period", says a senior analyst at Technavio.
Fitness App Market: Major Vendors
Fitness App Market: Segmentation Analysis
The APAC region led the fitness app market in 2021, followed by North America, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the rising penetration of the internet.
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