Personal Training Software Market Scope
The personal training software is widely popular these days because of digital transformation around the world, the growing number of digital devices and the increasing lifestyle of people the demand for training software is expected to grow in the forecasted year. The personal training software offers the convenience and comfort of planning a convenient way of keeping ourselves healthy emotionally and physically in this fast pacing lifestyle. It provides easy access to expert advice, saves money, access to online support and freedom of choosing time and location of the training. The software offers all the necessary exrecises in the exercise library, nutrition & diet planning, for the trainer it provides the benefit of the client management, content management, tracking goals, progress graphs and many more advanatges
The personal training software market is fragmented as the market has a number of companies that offer training software and there are lots of new companies entering the personal training software market due to the relative ease of developing software. The companies are exploring the market by expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Mindbody (United States), Vagaro Inc. (United States), Trainerize - TSR Gym Technik Ltd. (Canada), DataTrak (ABC Financial Services) (Canada), Virtuagym B.V (Netherlands), ClubReady, LLC (United States), Wellnessliving Systems Inc (United States), Curiouser Products Inc. (Mirror) (United States), Glofox (Ireland), WellnessLiving Systems Inc. (United States), P T Distinction Ltd. (United Kingdom) and EZFacility (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Nudge (United States), TrainHeroic LLC (United States), Total Coaching (Quebec) and ABC Financial (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Personal Training Software market by Type (Gyms Management Software, Nutrition Management Software, Wellness Software and Others), by Application (Exercises, Nutrition and Meal Planning, Diet Analysis and Others) and Region with country level break-up.
On the basis of geography, the market of Personal Training Software 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).
Market Leaders and their expansionary development strategies
On 15th September 2020, ABC Financial (ABC), the leading provider of technology and related services for the fitness industry, has announced that it has acquired Trainerize, a Vancouver-based mobile fitness solution for personal training and member engagement.
On 8th October 2019, MIRROR, the company that created the first nearly invisible, interactive home gym, announced the launch of one-on-one Personal Training. For the first time, members will be able to bring the country’s top trainers into their homes through MIRROR’s immersive technology. Using MIRROR’s two-way audio and video, members will have an experience that is analogous to having a personal trainer in their home.
Market Trend
- The Emergence of AI-Based Interactive Virtual Trainers in Personal Training Software
- 3D Animated Video Exercises in Personal Training Softwares
- Growing Popularity of Fitness Blogging in Online Digital Platforms
Market Drivers
- Growing Demand for Stay-at-home Fitness Plans and Workouts
- Increasing Awareness About Health and Wellness
- Rising Number of Health Issues in Working-Class People
Opportunities
- Technological Advancements in Personal Training Softwares
- Surging Demand for Personal Training Software from Fitness Freaks
Restraints
- Risk of injuries due to the absence of trainer, they aren't unable to check the appropriate form or spot required for the correct technique. It can result in performing incorrect exercises leading to injuries and bad postures. The injuries caused by this can even lead to serious health issues, the person can help avoid this by taking proper measures and doing proper research for the correct form to perform the exercise.
Challenges
- Stiff Competition in the Personal Training Software Market
Key Target Audience
Personal Training Software Developers, Research and Development Institutes, Health and Wellness Institutes, Potential Investors and Others