May 30, 2017   SOURCE: PR NewsWire

Global Fitness App Market to Grow at a CAGR of 29.4% by 2021 - Rising Number of Product Launches is Driving Market Growth - Research and Markets

DUBLIN, May 30, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Fitness App Market 2017-2021" report to their offering.

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The global fitness app market to grow at a CAGR of 29.45% during the period 2017-2021.

This report, Global Fitness App Market 2017-2021, 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.

One trend in the market is rising number of oduct launches. The global fitness app market is highly competitive, with numerous local and international players competing against each other.

According to the report, one driver in the market is easy availability of cost-effective apps. Mobile apps are available in both free and paid versions. Paid apps require one-time payment during the installation. Fitness apps are gaining high adoption among individuals seeking a healthy lifestyle. Due to limited budget and time, every fitness-conscious individual cannot afford membership in fitness centers or health clubs.

Further, the report states that one challenge in the market is easy availability of numerous low-quality apps. Difficulties in navigating app stores are one of the major challenges faced by individuals in the global fitness app market. As a result of the high downloading rate of mobile apps, there is a huge growth in the mobile app market, which is encouraging vendors to develop more fitness apps. This, in turn, has resulted in a greater number of quality apps.

Key vendors: 

    --  Azumio
    --  Fitbit
    --  Jawbone
    --  FitnessKeeper

    --  Under Armour

Other prominent vendors: 

    --  adidas
    --  Daily Workouts Apps
    --  Fooducate
    --  Google
    --  My Diet Coach
    --  Nike
    --  Noom
    --  Polar Electro
    --  Runtastic
    --  Samsung Electronics
    --  Sports Tracking Technologies

    --  Wahoo Fitness

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Market segmentation by gender

Part 08: Geographical segmentation

Part 09: Key leading countries

Part 10: Buying criteria

Part 11: Decision framework

Part 12: Drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

For more information about this report visit http://www.researchandmarkets.com/research/fb8ttd/global_fitness

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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-fitness-app-market-to-grow-at-a-cagr-of-294-by-2021---rising-number-of-product-launches-is-driving-market-growth---research-and-markets-300464704.html

SOURCE Research and Markets