The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s online or Virtual fitness market report forecasts the online or Virtual fitness market size to grow to $76.57 Billion by 2027, with a CAGR (compound annual growth rate) of almost 40%.

Learn More On The Online Or Virtual Fitness Market Report 2023 – https://www.thebusinessresearchcompany.com/report/online-virtual-fitness-global-market-report

Online Or Virtual Fitness Market Size Forecast
The global online or Virtual fitness market is expected to grow from $15.65 billion in 2022 to $21.82 billion in 2023 at a compound annual growth rate (CAGR) of 39.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The online/virtual fitness market size is expected to grow to $76.57 billion in 2027 at a CAGR of 36.9%.

North America held the largest online or Virtual fitness market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Online Or Virtual Fitness Market Driver ­– Rise In The Penetration Of Smart Devices
According to a survey conducted across Australia, Belgium, China, Greece, Ireland, Italy, KSA, Netherlands, Spain, Sweden, the U.K., and the U.S. by OMD Worldwide, a US-based media communications agency, it has been found that 61% of people own a smart device. Therefore, the rising penetration of smart devices is driving the growth of the online-virtual fitness market.

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Key Online Or Virtual Fitness Market Trend – Adopting On-Demand Offering
On-demand online fitness services enable consumers to access fitness sessions at their convenience with their choice of workout programs, exercise difficulty levels, and trainers. For instance, in May 2022, Johnson Health Technology Company, a US-based online fitness services company, launched Matrix Connected solutions through which gyms and fitness owners can create digital experiences for their members and people can take on-demand exclusive training cycles.

Online Or Virtual Fitness Market Segment
1) By Device Type: Smart TV, Smartphones, Laptops, Desktops, and Tablets
2) By End User: Professional Gyms, Sports Institutes, Defense Institutes, Educational Institutions, Corporate Institutions, Individuals
3) By Revenue Model: Subscription, Advertisement, Hybrid

Online Or Virtual Fitness Market Major Players and Strategies
Major players in the online or Virtual fitness market are ClassPass Inc., FITBIT, Inc., Fitness On Demand, Les Mills International Ltd., Navigate Wellbeing Solutions, Reh-Fit Centre, Sworkit Company, Viva Leisure, Wellbeats Inc., Zwift, Peloton Interactive, Inc., Health Clubs & Gyms, Fast Lean Fitness centre and Gym, Charter Fitness Inc., and MoveGB.

In October 2021, LifeSpeak Inc., a leading provider of mental health and total wellbeing platform, acquired LIFT Digital Inc., an online wellness company. With this acquisition, LifeSpeak aims to capitalize on LIFT’s client base which includes many blue-chip organizations, and execute on its plan to accelerate growth through acquisitions.

The Online Or Virtual Fitness Global Market Report 2023 covers regional data on online or Virtual fitness market size, online or Virtual fitness market trends and drivers, opportunities, strategies, and online or Virtual fitness market competitor analysis. The countries covered in the online or Virtual fitness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Online or virtual fitness is the fusion of fitness with technology. Online fitness is when a coach or personal trainer provides people with fitness coaching through the internet. Online or virtual fitness is provided through training videos offered through an app or online dashboard run by the coach.

View More Reports Related To The Online Or Virtual Fitness Market –
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