The global Fitness App Market size is expected to reach USD 10.9 billion by 2026, according to a new report by Grand View Research, Inc., growing at a CAGR of 21.1%. The growth of this market can be attributed to the increasing number of people seeking a health-conscious lifestyle. Innovative health apps help people stay fit and healthy.
Such apps are perfect for athletics due to wide applications of wearable devices. Athletes often rely on data from these apps and wearable devices. In addition, with increasing awareness about healthy lifestyle, rising number of people are adopting wearable devices.
Players in the market are increasingly focusing on strategies such as partnerships and acquisitions. In November 2013, Under Armour, Inc., a manufacturer of footwear and sports apparel, acquired MapMyFitness, which operates a range of fitness-oriented websites and related mobile applications, for USD 150 million. The apps provided by MapMyFitness are used to track user activities, ranging from gym workout to daily at-home exercises.
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Further key findings from the study suggest:
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Grand View Research has segmented the global fitness app market on the basis of type, platform, devices, and region:
Fitness App Type Outlook (Revenue, USD Million, 2015 – 2026)
Fitness App Platform Outlook (Revenue, USD Million, 2015 – 2026)
Fitness App Device Outlook (Revenue, USD Million, 2015 – 2026)
Fitness App Regional Outlook (Revenue, USD Million, 2015 – 2026)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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