The Business Research Company's global market reports are now
updated with the latest market sizing information for the year 2023
and forecasted to 2032
LONDON, March 22,
2023 /PRNewswire/ -- As per The Business Research
Company's Online Or Virtual Fitness Global Market Report 2023, the
global online or virtual fitness market size will grow from
$15.6 billion in 2022 to
$21.8 billion in 2023 at a
compound annual growth rate (CAGR) of more than 39%. The
online or virtual fitness market size is expected to grow to
$76.5 billion in 2027 at a
CAGR of more than 36%.
During the forecast period, the rising penetration of smart
devices is expected to increase the growth of the online
fitness industry. Smart gadgets keep track of a person's daily
activities, by connecting to other devices or networks via various
wireless protocols, including Bluetooth, Zigbee, NFC, Wi-Fi, LiFi
and 5G. For example, in 2022, according to policy advice, 57% of US
users of smart home devices report daily time savings, according to
data from surveys and the linked home market size. They claim that
these gadgets help them save an average of roughly 30 minutes each
day. Therefore, the rising penetration of smart devices is
expected to propel the growth of the online or virtual fitness
market during the forecast period.
Learn More On The Online Or Virtual Fitness Market Report
–
https://www.thebusinessresearchcompany.com/report/online-virtual-fitness-global-market-report
Companies operating in online or virtual fitness market are
focusing on innovative fitness apps to grow in the market. For
instance, in 2020, Apple, a US-based company that offers virtual
studio-style workouts with trainers, introduced Fitness+, a
brand-new, cutting-edge virtual fitness platform. The app offers a
first-of-its-kind virtual tailored training experience, which
automatically integrates with smart devices, including Apple TV,
iPad and iPhone. In addition, it is anticipated that these
technological advancements will dominate the worldwide online or
virtual fitness market throughout the coming years.
Furthermore, Apple also offers virtual studio-style workouts
with trainers. The company recently partnered with Tivity Health, a
US-based company that provides health improvement, fitness and
social engagement solutions. Tivity provides wellness programs,
including in-person and online classes to Medicare subscribers
through collaborations with health insurance providers and
gyms.
Request A Free Sample Of The Online Or Virtual Fitness Market
Report –
https://www.thebusinessresearchcompany.com/sample.aspx?id=5662&type=smp
The global online or virtual fitness market is segmented -
- By Device Type: Smart TV, Smartphones, Laptops, Desktops, and
Tablets
- By End User: Professional Gyms, Sports Institutes, Defense
Institutes, Educational Institutions, Corporate Institutions,
Individuals
- By Revenue Model: Subscription, Advertisement, Hybrid
According to the online or virtual fitness market analysis, the
top growth potential in the online or virtual fitness market
segmented by device type will arise in the smartphones segment, by
revenue model will arise in the subscription segment. The online or
virtual fitness market size will gain the most in the
USA at $17.8 billion.
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