Fitness App Market Revenue, Usage Statistics, By Segment, Demand, Key Players, Recent Development, Sales, Market Insight And Forecast 2023-2032|Appster, Adidas AG, Asics America Corporation, Fitbit Inc., Azumio Inc.

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The Fitness App Global Market Report 2023 by The Business Research Company, provides fitness app market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/fitness-app-global-market-report

According to The Business Research Company’s Fitness App Global Market Report 2023, the market size is expected to grow from $10.13 billion in 2022 to $12.68 billion in 2023, at a compound annual growth rate (CAGR) of 25.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the fitness app is expected to grow to $29.16 billion in 2027 at a CAGR of 23.1%.

The increase in prevalence of chronic diseases is expected to propel the growth of the fitness app market going forward. Chronic diseases are diseases that persist for a longer period of time, such as obstructive pulmonary disease, diabetes, and cancer. Fitness apps help people suffering from chronic diseases to better manage their conditions.

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The fitness app market is segmented:

1) By Type: Workout and Exercise Apps, Disease Management, Lifestyle Management, Nutrition and Diet, Medication Adherence

2) By Platform: Android, iOS, Other Platforms

3) By Device: Smartphones, Tablets, Wearable Devices

4) By Application: Tracking, Training, Fitness games, Other Applications

Technology advancements have emerged as the key trend gaining popularity in the fitness app market. Major companies operating in the fitness app sector are focused on technological advancements to sustain their position in the market. For instance, in 2021, Train Fitness, a UK-based company operating a fitness app, released the first-ever hands-free workout-tracking software based on artificial intelligence (AI). It detects workouts and tallys reps as users work out. This software uses AI to analyze motion data from the watch to derive an expertise-level analysis of workouts.

The fitness app market report table of contents includes: