The exercise and weight loss apps global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Exercise And Weight Loss Apps Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The exercise and weight loss apps market size has grown exponentially in recent years. It will grow from $0.80 billion in 2023 to $0.96 billion in 2024 at a compound annual growth rate (CAGR) of 20.4%. The growth in the historic period can be attributed to increased smartphone penetration, growth in health awareness, technological advancements, increased prevalence of obesity, the shift towards personalized fitness, and the influence of social media.
The exercise and weight loss apps market size is expected to see exponential growth in the next few years. It will grow to $2.03 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to rising smartphone penetration, advancements in wearable technology, growing prevalence of lifestyle diseases, demand for personalized fitness plans, integration of AI and data analytics, and the shift towards remote and home-based workouts. Major trends in the forecast period include increased integration with wearable technology, enhanced AI-driven personalization, growth in virtual and live workout sessions, expansion of holistic health features, rising popularity of gamified fitness experiences, greater emphasis on social community building, and a surge in corporate wellness partnerships.
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Scope Of Exercise And Weight Loss Apps MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Exercise And Weight Loss Apps Market Overview
Market Drivers -The rising prevalence of obesity is expected to propel the growth of the exercise and weight loss apps market going forward. Obesity is a medical condition characterized by an excessive accumulation of body fat, typically defined by a body mass index (BMI) of 30 or higher. The prevalence of obesity is rising due to a combination of sedentary lifestyles, poor dietary habits, and increased consumption of high-calorie, processed foods. Exercise and weight loss apps aid in managing obesity by providing guidance, tracking progress, and promoting adherence to physical activity and dietary goals. For instance, in March 2024, the World Health Organization (WHO), a Switzerland-based intergovernmental organization, reported that approximately one in eight people worldwide were struggling with obesity. This included 2.5 billion adults (aged 18 years and older) who were overweight, with 890 million of them living with obesity. Among adults, 43% were overweight, and 16% were classified as obese. Additionally, the number of overweight children under the age of 5 reached 37 million. Therefore, the rising prevalence of obesity is driving the growth of the exercise and weight loss apps market.
Market Trends – Major companies operating in the exercise and weight loss apps market are focused on developing workout-tracking technology to diversify their product offerings and cater to health-conscious consumers. Workout-tracking technology refers to tools and devices that monitor and record physical activity and exercise data, providing users with insights into their fitness routines and progress. For instance, in October 2022, Insane AI, an India-based fitness technology company, launched an artificial intelligence (AI)-powered fitness training app. Its AI-powered workout tracking technology is an AI-powered fitness training app. The app uses AI technology to track workouts accurately, provide real-time feedback on exercise performance, and help with posture correction. It offers a variety of guided workouts, including HIIT (High-Intensity Interval Training), cardio, muscle training, yoga, balance, and agility drills, with interactive visuals and live feedback to keep users engaged.
The exercise and weight loss apps market covered in this report is segmented –
1) By Device: Smartphones, Tablets, Wearable Devices
2) By Platform: Android, iPhone Operating System (IOS), Other Platforms
3) By Application : Lifestyle Monitoring, Diet Monitoring, Weight Monitoring, Exercise Monitoring, Other Applications
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Regional Insights – North America was the largest region in the exercise and weight loss apps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the exercise and weight loss apps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the exercise and weight loss apps market are Google LLC, Nike Inc., Adidas AG, Under Armour Inc., Garmin Ltd., ASICS Corporation, Fitbit Inc., Weight Watchers International Inc., Beachbody LLC, Noom Inc., Appinventiv Technologies Pvt. Ltd., FitOn Inc., Wahoo Fitness LLC, MyFitnessPal Inc., DailyBurn Inc., Jawbone, Lose It!, PlateJoy Inc., Cult.fit, Obé Fitness, Gymshark Ltd, Fittr, HealthifyMe Wellness Private Limited, Nexercise Inc., StrongLifts
Table of Contents
1. Executive Summary
2. Exercise And Weight Loss Apps Market Report Structure
3. Exercise And Weight Loss Apps Market Trends And Strategies
4. Exercise And Weight Loss Apps Market – Macro Economic Scenario
5. Exercise And Weight Loss Apps Market Size And Growth
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27. Exercise And Weight Loss Apps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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