LAMEA Fitness App Market By Type (Activity Tracking, Exercise & Weight Loss and Diet & Nutrition), By Platform (iOS, Android and Others), By Device (Tablets, Wearable Devices and Smartphones), By Country, Growth Potential, Industry Analysis Report and Forecast, 2020 - 2026
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The Latin America, Middle East and Africa Fitness App Market would witness market growth of 27.8% CAGR during the forecast period (2020-2026). Fitness apps are considered as mobile-based software made particularly to help users with fitness plans, like several kinds of physical training & exercise, nutrition & diet, health monitoring, and other fitness-related topics.
The growth of the fitness app market would be fueled by some parameters like growing awareness about health and increasing adoption of sports & fitness applications. Also, the rising utilization of mobile applications and the increasing demand for wearable fitness devices impact the fitness app market positively.
The impact of media & advertising, combined with the penetration of the internet and sophisticated technologies, is fueling the growth of the fitness app market. Further, factors such as the rising disposable income of consumers, changing lifestyles, and the accessibility of many health & fitness applications are anticipated to present various growth avenues for the fitness apps market. Furthermore, emerging health and fitness health and fitness regimes owing to hectic lifestyles, combined with the simple purchase, download, and usage would drive the fitness app market during the forecast period.
The Brazil market dominated the LAMEA Activity Tracking Market by Country in 2019, thereby, achieving a market value of $45.1 million by 2026. The Argentina market would witness a CAGR of 28.3% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 26.8% during (2020 - 2026).
The Smartphones market dominated the South Africa Fitness App Market by Device in 2019, growing at a CAGR of 28.3 % during the forecast period. The Wearable Devices market is expected to witness a CAGR of 29.6% during (2020 - 2026).
Based on Type, the market is segmented into Activity Tracking, Exercise & Weight Loss and Diet & Nutrition. Based on Platform, the market is segmented into iOS, Android and Others. Based on Device, the market is segmented into Tablets, Wearable Devices and Smartphones. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Google, Inc., Adidas AG, TomTom N.V., Lenovo Group Limited, Nike, Inc., Under Armour, Inc., Azumio, Inc., WillowTree, LLC, and Grandapps LLP.
Scope of the Study
Market Segments Covered in the Report:
- Activity Tracking
- Exercise & Weight Loss
- Diet & Nutrition
- Wearable Devices
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Samsung Electronics Co., Ltd. (Samsung Group)
- Google, Inc.
- Adidas AG
- TomTom N.V.
- Lenovo Group Limited
- Nike, Inc.
- Under Armour, Inc.
- Azumio, Inc.
- WillowTree, LLC
- Grandapps LLP
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