Sports And Fitness Apps Market, By Platform Type (iOS, Android, and Others), By Device (Smartphones, Tablets, and Wearable Devices), By Application (Health Monitoring, Activity Tracking & Monitoring, Diet & Nutrition, and Exercise & Weight Loss), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI2817

Pages :152

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Challenges: High subscription fees of premium apps

High subscription fees of premium sports and fitness apps is indeed restraining the growth of the Global Sports And Fitness Apps Market. When apps charge a hefty monthly or annual subscription, it discourages many potential users from signing up. This is because fitness and exercise have become more of a lifestyle option rather than just a necessity for some. So, users want to experiment with different types of workouts and routines without feeling the financial burden of subscriptions.

Charging a subscription, no matter how feature-rich the app, poses accessibility issues. Not everyone can afford to pay a recurring fee every month especially in the current economic climate where personal finances have been impacted for many due to job losses or pay cuts. This prevents those with less disposable income from experiencing the full benefits of these apps. Subscription fees put up a barrier that discourages people from maintaining an active fitness routine in the long run. Users are hesitant to commit to subscriptions as their priority needs and budgets may change frequently.

Market Opportunities: Integration of AR and VR in fitness apps

The integration of augmented reality (AR) and virtual reality (VR) in fitness apps provides a great opportunity to engage users and drive growth in the global sports and fitness apps market. AR and VR technologies allow users to try different workout routines, classes and fitness programs in an immersive virtual environment before committing to them. This enhances the user experience and makes fitness more enjoyable and accessible. Moreover, it helps users stay motivated through gamification features where they can compete against friends or other users globally in virtual challenges and leaderboards.

With AR, apps can also provide users with real-time feedback on their form and posture during exercises through the camera. Overlayed instructions and measurements keep users accountable and ensure they are doing the activities correctly to prevent injuries and achieve optimal results. In the future, as AR/VR hardware becomes more advanced, affordable and portable, users will be able to participate in live and on-demand group exercise classes and personal training sessions virtually from anywhere. This will appeal widely to time-constrained users and further fuel demand.