DUBLIN--(BUSINESS WIRE)--The "North America Indoor Cycling Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Session Type, Application, and Subscription Type" report has been added to ResearchAndMarkets.com's offering.
North America Indoor Cycling Software Market is expected to reach US$ 90.80 million by 2027 from US$ 50.15 million in 2019. The market is estimated to grow at a CAGR of 7.8 % from 2020 to 2027.
The report provides trends prevailing in the North America indoor cycling software market along with the drivers and restraints pertaining to the market growth. Rising demand among commercial fitness centers for enhanced customer experience and integration of modern technologies for improved capabilities are the major factor driving the growth of the North America indoor cycling software market. However, accessibility of free software options and scarcity of awareness hinder the growth of North America indoor cycling software market.
Further, in case of COVID-19, North America is highly affected specially the US. Presently, North America is the largest market of indoor cycling software. The region is characterized by the presence of developed nations such as US and Canada, where the demand of technology solutions & services is quite high owing to the huge presence of companies from various industry sectors.
Indoor cycling industry has been flourishing at an impressive pace in the US due to high adoption among commercial and individual end-users which has affected the North America indoor cycling software market. With more and more companies continuing to adopt remote working and increasing consumption/demand for online content/social media, the demand for indoor cycling software among end-users has seen an increase in the past few months.
The COVID-19 outbreak has a positive impact on the growth of some industries such as video conferencing, desktop virtualization, and online media & entertainment streaming. Hence, it is anticipated that COVID-19 crisis will impact the growth North America indoor cycling software market in a positive manner.
SpiviTech Ltd.; Stages Indoor Cycling LLC; TrainerRoad, LLC; Wahoo Fitness; Zwift Inc. are among the leading companies in the North America indoor cycling software market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, TrainerRoad introduced group workouts, which enables the user to train with their friends and achieve their goals. The group workouts have a limit of 11 users and allow them to do the same workout while sharing voice, video, and data to have a built-in support system.
Key Topics Covered:
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. North America Indoor Cycling Software Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Indoor Cycling Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Health and Fitness Concerns
5.1.2 Soaring Growth Potential
5.2 Market Restraints
5.2.1 Accessibility of Free Software Options and Scarcity of Awareness
5.3 Market Opportunities
5.3.1 Rising Demand among Commercial Fitness Centers for Enhanced Customer Experience
5.4 Future Trends
5.4.1 Integration of Modern Technologies for Improved Capabilities
5.5 Impact Analysis of Drivers and Restraints
6. Indoor Cycling Software Market - North America Analysis
6.1 North America Indoor Cycling Software Market Overview
6.2 North America Indoor Cycling Software Market - Revenue and Forecast to 2027 (US$ Thousand)
6.3 Market Positioning - Five Key Players
7. North America Indoor Cycling Software Market Analysis - by Session Type
7.2 North America Indoor Cycling Software Market, by Session Type (2019 and 2027)
8. North America Indoor Cycling Software Market Analysis - by Application
8.2 North America Indoor Cycling Software Market, by Application (2019 and 2027)
8.3 Professional Training
8.4 Health and Fitness
9. North America Indoor Cycling Software Market Analysis - by Subscription Type
9.2 North America Indoor Cycling Software Market, by Subscription Type (2019 and 2027)
9.3 Monthly Subscription
9.4 Annual Subscription
10. North America Indoor Cycling Software Market - Country Analysis
11. North America Indoor Cycling Software Market- COVID-19 Impact Analysis
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
- SpiviTech Ltd.
- Stages Indoor Cycling LLC
- TrainerRoad, LLC
- Wahoo Fitness
- Zwift Inc.
For more information about this report visit https://www.researchandmarkets.com/r/28ajig