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HEALTHCARE & PHARMACEUTICAL

Personal Training Software Market Segmentation by Platform (Cloud-Based, Web-Based, and Others); by Type (Gym Management Software, Nutrition Management Software, Wellness Software, and Others); and by Application (Exercises, Nutrition & Meal Planning, Diet Analysis, Calorie Counter, Sleep Tracker, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • October, 2021: Mindbody Inc., to acquire the global workout subscription platform ClassPass, where Mindbody will hold between 60% to 70% stakes of the company.

  • June, 2021: Vagaro to introduce new health and safety features in its wellness software in order to protect the health and safety of wellness industry professionals and their clients.

Global Personal Training Software Market Highlights Over 2022 - 2030

The global personal training software market is estimated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing adoption of digital fitness solutions across the globe, backed by rising health awareness amongst the population. Personal training software offer a personalized and convenient plan for an individual’s fitness needs, which is estimated to boost its demand over the upcoming years. In addition to this, these software provide various features such as steps tracker, calorie counter, and others, for overall physical and mental wellbeing. Moreover, the growing awareness regarding physical fitness backed by high cases of lifestyle diseases, is estimated to boost the market growth. According to the data by the World Health Organization (WHO), over 1.4 billion adults, which is one quarter of the global adult population, are insufficiently active. Moreover, 1.9 billion adults are overweight or obese globally, as of 2020. Moreover, the growing penetration of digital health is also estimated to boost the market growth. Additionally, easy access to personal training software, backed by rising internet penetration, is further projected to encourage the growth of the market. Along with this, the cost-effective nature of software, is also estimated to generate significant growth opportunities for the market.  

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The market is segmented by type into gym management software, nutrition management software, wellness software, and others, out of which, the nutrition management software segment is anticipated to hold the notable share in the global personal training software market on account of increasing focus on diet and calorie intake as compared to physical activities. Moreover, the demand to monitor the intake of all macro and micro nutrients is anticipated to propel the market growth.

Major Macro-Economic Indicators Impacting the Market Growth

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Personal Training Software Market Regional Synopsis

Regionally, the global personal training software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to witness noteworthy growth over the forecast period on the back of rising demand for internet access across the region, along with increasing adoption of digital health and fitness. Moreover, the population in the developed countries, such as, the US, and Canada is tech-savvy, and highly dependent on digital solutions, which, is estimated to boost the market growth. Moreover, the presence of large unhealthy population in the region, is also estimated to boost the market growth.

The market in the Asia Pacific region is estimated to gain significant share over the forecast period, owing to the large share of unfit population, along with rising cases of lifestyle diseases. According to the data by the World Health Organization (WHO), non-communicable diseases, including diabetes, cardiovascular diseases, and respiratory disorders cause around 8.5 million deaths every year, in the South-East Asia Region.

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The global personal training software market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global personal training software market includes the following segments:

By Platform

  • Cloud-Based
  • Web-Based
  • Others

By Type

  • Gym Management Software
  • Nutrition Management Software
  • Wellness Software
  • Others

By Application

  • Exercises
  • Nutrition and Meal Planning
  • Diet Analysis
  • Calorie Counter
  • Sleep Tracker
  • Others

Growth Drivers

  • Growing Incidences of Lifestyle Diseases
  • Rising Health Awareness Amongst the Masses
  • Increasing Digitalization of Health and Fitness Solutions

Challenges

  • Risk of Injuries due to the Absence of Trainer
  • High Competition in the Market

Top Featured Companies Dominating the Market

  • Vagaro, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Mindbody, Inc.
  • DataTrak International, Inc.
  • ClubReady LLC
  • TSR Gym Technik Ltd
  • Virtuagym
  • WellnessLiving Systems Inc.
  • Curiouser Products Inc.
  • TotalCoaching Inc.
  • P T Distinction Ltd.

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