About Indoor Cycling Software
The Indoor Cycling Software market is expected to grow in the future due to the rising concern about health and fitness among individuals and rising traffic and pollution on road. The key feature is that allows indoor cyclists to join group rides where they can measure themselves against others in the comfort of their own homes. Also offers a wealth of specific training plans that are built around the rider’s goals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competitive Intelligence on prominent players involved in the development of Indoor Cycling Software provides key insights in terms of strategies implemented to gain significant share in the Indoor Cycling Software market. The key market players are adopting various strategies such as innovation in the software, technology advancement to expand their existing product portfolio and maintain competitiveness in the rapidly growing market space. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Indoor Cycling Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zwift Inc. (United States), Strava (United States), Sufferfest (United States), Trainer Road (United States), Rouvy ( Czechia), BODY BIKE (Denmark), SpiviTech Ltd. (United States), CycleCast (United States) and Garmin Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Studio Sweat (United States) and Peloton (United States).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Cycling Software market by , Application (Professional Training, Health and Fitness, Racing, Interactive Tourism and Others) and Region.
On the basis of geography, the market of Indoor Cycling 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). If we see Market by App, the sub-segment i.e. Paid App will boost the Indoor Cycling Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. IOS will boost the Indoor Cycling Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Professional Trainers will boost the Indoor Cycling Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Session, the sub-segment i.e. Solo will boost the Indoor Cycling Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement and Innovation in Indoor Cycling Software
Market Growth Drivers:
Growing Concern about Health and Fitness among Individuals and Increasing Traffic and Pollutions which Limiting the Cyclists on Road
Challenges:
Lack of Awareness among the Consumers
Restraints:
High Cost of the Software
Opportunities:
Growing Awareness Regarding this Technology in both Developed and Developing nations and Government Initiatives Promoting a Healthy Lifestyle
Market Leaders and their expansionary development strategies
In May 2020, Zwift has released 24 new workouts. 16 new run workouts and 8 cycle workouts are being introduced into the game as stand-alone workouts. Ongoing improvements to the game continue with MeetUps with better functionality - invite up to 100 people, more world choices and meet-up only view.
In Aug 2020, Garmin India launched Tacx’s smart range of indoor cycling trainers and rollers including Flux 2 Smart, Flux S Smart, Antares and Galaxia roller trainers. The newly launched trainers will create ‘a one-of-a-kind’ indoor cycling experience and be an ideal indoor training companion for cyclists.
Key Target Audience
Indoor Cycling Software Provider, Technology Investors, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.