Industry Background:
Applications make it simpler than any time in recent memory to remain incited and observe to your everyday routine. Running apps are designed with regards to running, they can follow your pace, distance, calories, running courses and then some, all to assist you with arriving at your wellness objectives. Things get best when you pair that application with your smartwatch and run track as well. The growing popularity and great adoption of technologies across the globe are booming the demand for the running apps in the market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nike Inc (United States), Fitnesskeeper Inc (United States), Adidas Running by Runtastic (Austria), Sports Tracking Technologies Ltd (Finland), Under Armour (United States), Garmin Ltd. (United States), Codoon Inc (China) and Strava (United States) |
This growth is primarily driven by Increasing the Adoption of SmartPhone across the Globe Is Driving the Market for Running Apps and Spreading Awareness for Health Consciousness among Individual.
Globally, a noticeable market trend is evident Rising Awareness Levels Regarding Health, Fitness, And Cheaper, Personalized Tracking Technology Major Players, such as Nike Inc (United States), Fitnesskeeper Inc (United States), Adidas Running by Runtastic (Austria), Sports Tracking Technologies Ltd (Finland), Under Armour (United States), Garmin Ltd. (United States), Codoon Inc (China) and Strava (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Running Apps is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In August 2019, Nike announced on Tuesday that it had acquired Celect, a Boston-based predictive analytics company. With Celect’s technology integrated into Nike’s mobile apps and website, the shoemaker should be able to better predict what styles of sneakers and apparel customers want, when they want it, and where they want to buy it from, Chief Operating Officer Eric Sprunk explained in an interview
In August 2021, Catapult, the global performance data powering elite sport, launched the Catapult One, a wearable performance solution for the next generation of athletes. Built by the same trusted development team that provides performance metrics for over 3,200 elite teams worldwide, including the EPL, NFL, and NCAA, Catapult One provides players and coaches of all levels with professional-level accuracy.
Influencing Trend:
Rising Awareness Levels Regarding Health, Fitness, And Cheaper, Personalized Tracking Technology
Market Growth Drivers:
Increasing the Adoption of SmartPhone across the Globe Is Driving the Market for Running Apps and Spreading Awareness for Health Consciousness among Individual
Challenges:
Availability of Substitute Technology for Running Apps
Restraints:
Increasing the Adoption of SmartPhone across the Globe Is Driving the Market for Running Apps
Opportunities:
Adoption of Various Versatile Wellness Devices Just As Smart Watches Have Risen the Opportunity for the Innovative Running Apps
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Running Apps Market
- Analysis about New Entrants in Running Apps Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Running Apps Study Sheds Light on
The Running Apps Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Running Apps industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Running Apps industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.