Lewes, DE -- (SBWire) -- 03/07/2016 --Report forecast the global fitness app market to grow at a CAGR of 31.35% during the period 2016-2020.
Fitness apps are mobile-based applications that allow consumers to track and monitor their fitness levels and sports activities using smartphones. These apps allow users to keep track of their heart rate and the amount of calories lost during a workout. Other features include tracking of sleep patterns, monitoring the amount of calorie intake, and a keeping a check on fitness goals. These apps motivate users to stay healthy and fit.
The report covers the present scenario and the growth prospects of the global fitness app market for 2016-2020. To calculate the market size, the report considers the revenue generated from sports-related fitness apps from the following regions:
- Americas
- EMEA
- APAC
According to the report, the growing penetration rate of smartphones is expanding the fitness app market. The availability of high-speed Internet connectivity has also increased the frequency of apps installed by individuals.
Further, the report states that the difficulty in navigating app stores for quality apps is one of the major challenges faced by users.
Global Fitness App Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Fitness App Market: Azumio, Fitbit, Jawbone, Runkeeper and Under Armour.
Other Prominent Vendors in the market are: Adidas, Daily Workouts, Google Fit, Nike, Noom, Polar Electro, Runtastic, Samsung Electronics, Sports Tracking Technologies and Wahoo Fitness.
Market driver
- High penetration of smartphones and Internet
- For a full, detailed list, view our report
Market challenge
- Existence of low-quality apps
- For a full, detailed list, view our report
Market trend
- Increase in number of mergers and acquisitions
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 32 pages and 12 Exhibit "GLOBAL FITNESS APP MARKET" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-fitness-app-market
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