ACCESS Newswire
02 Jul 2020, 16:35 GMT+10
Fast-paced lifestyles and the productivity and stress-driven daily activities of individuals is pushing up fitness regimes aimed at improving physical and mental health of individuals. Capitalizing on this, technological giants have developed numerous fitness apps to aid this cause.
DUBAI / ACCESSWIRE / July 2, 2020 / Future Market Insights: The global mindfulness meditation application market has seen a dramatic spike in recent years, according to award-winning research firm Future Market Insights. Demand has accelerated due to the shifting inclination of millennials to focus on enhancing their quality of life. In today's age, sedentary lifestyles have rendered individuals highly susceptible to several lifestyle-induced ailments such as hypertension and diabetes. The growing awareness about the same has prompted people to follow fitness regimes which help reduce the amount of stress they undertake in their daily course of life.
The explosion of interest in meditation is driven by the need to improve sleep patterns. It has been established that 25% of Americans suffer from insomnia. This has attracted the attention of investors seeking to establish base in a global market expected to increase more than two times by 2030. Various societal upheavals and the recent coronavirus pandemic have been pushing the stress thermometer to dangerously high levels, requiring a need to calm down the mind. Based on these trends, the mindfulness meditation application market shall expand at a CAGR of 8% between 2020 and 2030.
'Mindfulness meditation applications usage is characterized by the ubiquity of smartphones and access to the internet. As countries become economically powerful, per capital expenditure on electronics has risen, resulting in greater internet penetration and spread of digital literacy, especially in emerging economies. This is facilitating increased access to mindfulness meditation apps,' infers a prominent FMI analyst.
Request report sample with 170 pages to gain in-depth market insights on https://www.futuremarketinsights.com/reports/sample/rep-gb-11707
Mindfulness Meditation Application Market- Key Takeaways
Mindfulness Meditation Application Market- Prominent Drivers
Mindfulness Meditation Application Market- Key Constraints
Anticipated Impact of the Coronavirus Outbreak
The COVID-19 pandemic has generated a northward propulsion in the usage of mindfulness meditation applications. The top ten wellness apps experienced two million downloads in April 2020. As the global pandemic has raised anxiety levels due to the imminent threats of lay-offs, salary cuts and job losses. To manage and reduce this stress, customers are reaching out to the virtual platform to find calm and peace of mind.
Various application providers are providing free access to frontline workers by increasing the number of free trial days which has attracted a wide clientele. Additionally, subscription fees have been lowered, increasing customer outreach across various countries.
Explore the mindfulness meditation application market report with 107 illustrative figures, 90 data tables and the table of contents. You can find a detailed segmentation of the market on https://www.futuremarketinsights.com/request-special-price/rep-gb-11707
Competition Landscape
The mindfulness meditation application market has started witnessed immense proliferation during an era where massive uncertainty concerning the existence of the human race prevails. Since a long time, a number of application providers have generated an attractive revenue ecosystem. Some of these developers are Calm.com, Inc., Smiling Mind, Ten Percent Happier, Headspace, Inc., Deep Relax, Inner Explorer, Inc., Mindfulness Everywhere Ltd., Breethe Insights Network, Inc., Stop, Breathe and Think PBC and Simple Habit, Inc. Constant diversification of offerings constitutes a winning marketing strategy by the abovementioned mindfulness meditation application providers. These players are constantly enhancing the interface experience by incorporating a highly personalized approach with insights from psychologists.
More Valuable Insights on Mindfulness Meditation Application Market
In its latest report, future market insights offers an unbiased analysis of the global mindfulness meditation application market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the mindfulness meditation application market, the market is segmented on the basis of service type (paid and free), operating system (Android, iOS, and others), and across seven major regions.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Report: https://www.futuremarketinsights.com/reports/mindfulness-meditation-application-market
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SOURCE: Future Market Insights
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