DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2qtxkc/global_sports_and) has announced the addition of the "Global Sports and Fitness Apps Market 2014-2018: Azumio, Endomondo ApS, FitnessKeeper, MapMyFitness, runtastic Dominate the Market" report to their offering.
The Global Sports and Fitness Apps market to grow at a CAGR of 23.78 percent over the period 2013-2018.
One of the major drivers in the market is the cost-effective nature of apps, which is resulting in numerous consumers downloading different apps frequently. A majority of these apps are downloaded in the APAC region. This is primarily because this region is densely populated and is witnessing a change in the lifestyle and disposable income of consumers.
The American and European economies have been recovering gradually after the recession, and the disposable income of consumers in these regions is also returning to its pre-economic crisis levels. The middle-class income group in the developing nations has also been posting rapid growth, which is increasing the disposable income of consumers. India and China are the countries in the APAC region that have reported high disposable incomes, while the disposable income of consumers is increasing in countries such as Brazil in the Americas and Poland in Europe. Since the Americas is the largest market for sports and fitness apps, and the APAC region is the expected to be the fastest growing market for these apps during the forecast period, the increase in consumers' disposable income will fuel their growth, which, in turn, will propel the growth the Global Sports and Fitness Apps market.
Further, the report states that the major challenge faced by the market is the difficulty a user experiences in navigating an apps store. This is also a major issue for developers when developing the app. Consumers often find it difficult to find the appropriate apps from the pool available in the apps stores and tend, at times, to download the wrong apps.
Key vendors dominating this space are:
- Azumio Inc
- Endomondo ApS
- FitnessKeeper Inc
- MapMyFitness Inc.
- runtastic GmbH.
Other vendors mentioned in the report are:
- Garmin Ltd.
- Jawbone
- Polar Electro
- Wahoo Fitness.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/2qtxkc/global_sports_and
