Online Fitness Market Size, Status, Top Players, Trends in Upcoming Years
Posted by Devanshu Shrivastava on December 31st, 2021
The streaming type segment of the online fitness market is divided into on-demand and live. Under this segment, the live category is projected to display faster growth during the forecast years. This will be on account of the growing penetration of the internet and increasing usage of smart devices, such as tablets and smartphones. In live streaming, trainers offer personal guidance to participants, while addressing the specific needs of the individual.
According to P&S Intelligence, the North American region was the dominant customer of online fitness platforms in the recent past, owing to the high public awareness regarding a healthy lifestyle and deep penetration of the internet and smartphones. The World Bank states that approximately 89% of the U.S. population and about 97% of the Canadian population had access to the internet in 2019.
Additionally, the rising popularity and affordability of smart wearables will also encourage the people of Canada and the U.S. to shift toward online fitness platforms to connect their devices and measure their progress via smart applications. Whereas, the APAC online fitness market is expected to demonstrate the fastest growth in the forecast years due to the growing population, increasing internet usage, and surging smartphone penetration in developing countries, such as China and India.
According to the World Bank, India and China had 115,370,983 and 169,635,600 mobile phone users, respectively, in 2020. The organization further states that approximately 71% of the Chinese populace had access to the internet in 2020, and 41% of the Indian population was using the internet in 2019. Thus, the growing internet and smartphone usage and increasing preference for outdoor physical activities will accelerate the adoption of online fitness platforms worldwide.
This market research report provides a comprehensive overview of the market
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About the AuthorDevanshu Shrivastava
Joined: January 31st, 2020
Articles Posted: 105
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