Research Nester published a report titled “Personal Training Software Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global personal training software market in terms of market segmentation by platform, type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global personal training software market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022-2030. The market is segmented by type into gym management software, nutrition management software, wellness software, and others. Out of these, the nutrition management software segment is anticipated to hold the notable share on account of increasing demand to monitor the intake of all nutrients and calories is anticipated to propel the market growth.
The global personal training software market is projected to grow on the back of growing awareness regarding physical fitness, backed by rising cases of lifestyle diseases. Diseases, such as, diabetes, hypertension, cardiovascular disorders, and others, are caused due to poor and inactive lifestyle. According to the data by the World Health Organization (WHO), more than 1.4 billion adults globally are insufficiently active.Moreover, the growing trend for home workout post COVID-19 pandemic, is estimated to boost the market growth. Further, the growing penetration of digitalization, in the form of digital health applications, sleep tracker, wearable fitness tracker devices, and others, is projected to boost the market growth.
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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 Asia Pacific region is estimated to gain a significant share over the forecast period, owing to the rising cases of lifestyle diseases, coupled with increasing health awareness amongst the population. According to the data by the World Health Organization (WHO), lifestyle diseases are responsible for around 8.5 million deaths every year, in the South-East Asia Region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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High Prevalence of Lifestyle Diseases to Boost the Market Growth
As per the data by the WHO, over 1.9 billion adults are overweight or obese, while 422 million people have diabetes globally, as of 2020.
The high prevalence of lifestyle diseases is one of the major factors associated with the growing health awareness amongst the people. Moreover, rising concern amongst people for physical fitness is also estimated to propel the market growth. Along with fitness, the rising mindfulness regarding proper diet and nutrition, mental health, and overall wellness, is estimated to boost the demand for personal training software.
However, the higher chances of injury, due to lack of a trainer on site are expected to operate as key restraint to the growth of global personal training software market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global personal training software market which includes company profiling of Vagaro, Inc., Mindbody, Inc., DataTrak International, Inc., ClubReady LLC, TSR Gym Technik Ltd, Virtuagym, WellnessLiving Systems Inc., Curiouser Products Inc., TotalCoaching Inc., and P T Distinction Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global personal training software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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The global Personal Finance Software Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the personal finance software market include Quicken Inc., The Infinite Kind, You Need a Budget LLC, Microsoft, Moneyspire Inc., Doxo Inc., Buxfer Inc., Personal Capital Corporation, Money Dashboard, Pocketsmith Ltd.
The booming IT sector and increased investments from public and private agencies will benefit market growth.
Extensive digitization of the financial industry to improve the efficiency of business operations will be a market booster.
The various barriers affecting this market's growth are lack of awareness, security, and compliance issues associated with any software and the availability of open-source software applications.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
