What is Yoga Studio Platform Market?
Yoga Studio platform cuts the time and administrative costs of running a yoga studio as it automates such functions of studio management as billing, scheduling, student records maintenance, registration, credit card processing and class material printing. It helps to manage helps you manage customers, classes, teachers, subscriptions, class cards, events. Moreover, the platform is used by yoga studios, dance studios and Buddhist centres in many parts of the world.
The market study is being classified by Type (Web based and App based), by Application (Single Location Business & Individuals and Multiple Location Business) and major geographies with country level break-up.
MINDBODY (United States), Acuity Scheduling (United States), Pike13 (United States), Vagaro (United States), Zen Planner (United States), Virtuagym (Netherlands), Fitli (United States), 10to8 (United States), Perfect Gym Solutions (Australia) and Bitrix (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are BookSteam (Canada) and Skedda (Australia).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Yoga Studio Platform market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Yoga Studio Platform market by Type, Application and Region.
On the basis of geography, the market of Yoga Studio Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Global Population and Changing Consumer Demands
- Growing Travel Industry is Fuelling the Market Growth
Market Trend
- Increasing Health Consciousness Among the Consumers
Restraints
- High Costs of Installation May Hamper the Market
Opportunities
- Increasing Government Promotion on Health and Fitness
- Rising Need for Yoga Studio Platform Owing to Increase in Complexity of Data
Challenges
- Stiff Competition Among the Major Players
Key Target Audience
Fitness centres, Government associations, Research organisations, software vendors and Others