TechNavio recognizes the following companies as the key players in Global Sports and Fitness Apps Market: Azumio Inc., Endomondo ApS, FitnessKeeper Inc., MapMyFitness Inc., runtastic GmbH.
Commenting on the report, an analyst from TechNavio’s team said: “The American and European economies have been recovering gradually after the recession, and the disposable income of consumers in these regions is also returning to its pre-economic crisis levels. The middle-class income group in the developing nations has also been posting rapid growth, which is increasing the disposable income of consumers. India and China are the countries in the APAC region that have reported high disposable incomes, while the disposable income of consumers is increasing in countries such as Brazil in the Americas and Poland in Europe. Since the Americas is the largest market for sports and fitness apps, and the APAC region is the expected to be the fastest growing market for these apps during the forecast period, the increase in consumers’ disposable income will fuel their growth, which, in turn, will propel the growth the Global Sports and Fitness Apps market.”
According to the report, one of the major drivers in the market is the cost-effective nature of apps, which is resulting in numerous consumers downloading different apps frequently. A majority of these apps are downloaded in the APAC region. This is primarily because this region is densely populated and is witnessing a change in the lifestyle and disposable income of consumers.
Further, the report states that the major challenge faced by the market is the difficulty a user experiences in navigating an apps store. This is also a major issue for developers when developing the app. Consumers often find it difficult to find the appropriate apps from the pool available in the apps stores and tend, at times, to download the wrong apps.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-sports-and-fitness-apps-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Sports and Fitness Apps Market 2014-2018
