Habit Tracking Apps Market Size, Share, Growth, and Industry Analysis, By Type (iOS, Android, Web, Others), By Application (Teenagers, Adults) and Regional Forecast to 2031

Updated On: 08 April 2024

REPORT OVERVIEW

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The global habit tracking apps market size was USD 8723.91 million in 2022. As per our research, the habit tracking apps market is expected to reach USD 29308.49 million by 2031, exhibiting a CAGR of 14.41% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, habit tracking apps experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

One can use the software habit tracker apps to develop habits and accomplish the goals. It will push users toward achievement, remind people when necessary, track behaviors with statistics and notes, evaluate habits using charts. Through a variety of tactics, including new product launches, collaborations, approvals, and collaborations, virtual app vendors are concentrating on introducing cutting-edge solutions and extending their geographic reach. Additionally, they are assisting consumers in preserving their physical well-being at home while providing free premium access during the pandemic.

COVID-19 Impact: Implementation of Rigorous Regulations to Assist Market Share 

The COVID-19 outbreak caused widespread lockdowns and social segregation rules, which aided in the shift from conventional classrooms and gyms to online fitness. As a result, habit tracking apps have seen an increase in downloads and subscriptions. Additionally, the growing network of fitness centers and gyms accessible through the internet is promoting the use of these apps. As a result, many customers are making major investments in home exercise equipment, which is increasing revenue habit tracking apps market growth.

The development of the habit tracking app industry is going to go through a brief period of advance revenue growth. Supply-chain disruptions caused by this outbreak have impacted production activity across a variety of industries. Numerous firms were forced to temporarily halt operations as a result of the implementation of strict rules along with additional government directives aimed at halting the virus's spread. However, the market was positively impacted by the sudden outbreak.

LATEST TRENDS 

Availability of Individualized Exercise Plans to Stimulate Market Development  

These apps provide their users with individualized exercise plans by leveraging the use of machine learning, artificially intelligent systems, and numerous other technologies. Additionally, they offer personalized health and fitness coaches, equipment-free exercise routines, step tracking, food monitoring, and editable diet charts. Such services and benefits over physical shops are anticipated to improve the market's potential for growth.

SEGMENTATION

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By Type

Based on type; the market is divided into iOS, android, web, others

IOS is the leading part of the type segment.

By Application

Based on the application; the market is divided into teenagers, adults

Teenagers is the leading part of the application segment.

DRIVING FACTORS

"Growth in Android Sector to Aid Market Expansion  "

Over the projected period, the Android sector is anticipated to expand at the quickest pace. Android smartphones are being used more and more to track fitness and health. On Android devices, habit tracking apps are available to download and utilize for a variety of tasks, including locating workout inspiration, establishing fitness objectives, monitoring calorie consumption, and other tasks. The rapid increase of users of Android and the growing use of smartphones globally are expected to drive this market to grow quickly throughout the estimated time frame.

"Rapid Adoption of IOS Devices to Foster Industry Progress "

In 2022, the iOS market contributed to the total sales and the expansion of the market. The fast acceptance of iOS devices has been the segment's growth engine over the last few years. Fitness coaching, tracking of activities, streaming workout classes, inspiration along with motivating films for training sessions, guided meditations, stretching out and other services are all available through the fitness apps made for iOS devices.

RESTRAINING FACTORS

"Requirement of Internet Connectivity to Stop Market Evolution  "

It is simple to lose concentration and get distracted from the routine tracking when one has access to a variety of apps and notifications. Habit tracking apps requires internet connectivity which proves to be another drawback to the habit tracking apps market and smart gadgets. User’s attempts to track the habits may be hampered if the equipment is broken or users don't have internet access.

REGIONAL INSIGHTS

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"Quick Increase in Smartphone Usage in North America to Support Market Advancement "

With a substantial revenue share during 2022, North America had the greatest revenue share. The use of fitness applications in North America is being fueled by a number of factors, including the quick increase in smartphone usage, expansion of coverage networks, rise in chronic disease prevalence, rise in senior population, and ongoing COVID-19 pandemic. The U.S. is the world's biggest market for fitness-related applications. The widespread use of mHealth throughout North America is one of the key factors driving the habit tracking apps market share expansion.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled 

• Quitzilla (U.S.)
• Goalify (India)
• Productive Habit Tracker (U.S.)
• TickTick (U.S.)
• Timecap (U.S.)
• Today (India)
• Momentum (U.K.)
• Habitify (U.K.)
• Sessions (U.S.)
• Everyday (India)
• HabitHub (India)
• Habitica (U.S.)
• Streaks (U.S.)
• Strides (India)
• HabitNow (Argentina)
• Done (U.S.)
• Habitbull (U.K.)
• Habit List (U.S.)
• Way of Life (U.K.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.