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.
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. CLICK TO DOWNLOAD SAMPLE REPORT
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.
The global personal training software market is further classified on the basis of region as follows:
Our in-depth analysis of the global personal training software market includes the following segments:
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
Growing demand for at-home fitness solutions is estimated to boost the market growth.
The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022-2030.
The major players in the market are Mindbody, Inc., DataTrak International, Inc., ClubReady LLC, TSR Gym Technik Ltd, Virtuagym, WellnessLiving Systems Inc., Curiouser Products Inc., TotalCoaching Inc., P T Distinction Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by platform, type, application, and by region.
The cloud-based segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
The higher chances of injury, due to lack of a trainer on site is estimated to hamper the market growth.
The market in the Asia Pacific region is estimated to provide more business opportunities over the forecast period on account of growing health awareness across the region.
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