PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529965
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529965
The global sports and fitness apps market is estimated to be valued at US$ 9.02 Bn in 2024 and is expected to reach US$ 22.82 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 9.02 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 14.20% | 2031 Value Projection: | US$ 22.82 Bn |
The global sports and fitness apps market has witnessed significant growth in the past decade owing to rising health awareness and increasing focus on physical fitness among the population worldwide. Apps enable consumers to track vital health metrics, follow customized workout routines, monitor calorie intake, and set fitness goals conveniently on their mobile devices. Various sports and activities that are catered through dedicated apps include running, cycling, yoga, hiking, swimming, and others. Growing youth population, rising incomes, and use of advanced technologies are some of the key factors propelling the demand for sports and fitness apps across developed as well as developing nations.
The key drivers fueling the global sports and fitness apps market include growing health and fitness consciousness among people, increasing prevalence of lifestyle diseases, and rising adoption of wearable devices and smartphones. Additionally, the availability of various customized workout and meal planning programs tailored as per individual requirements through apps is augmenting their demand. However, privacy and data security concerns regarding sensitive personal information and health metrics shared on these platforms could hinder the market growth. Moreover, technical issues and compatibility problems with certain devices pose challenges. On the flip side, integration of advanced technologies such as AR/VR and artificial intelligence into apps is expected to create new opportunities in the coming years.