Mindfulness Meditation Apps Market Report, Size Latest Report 2021 Segment by Manufacturers, Type, Applications and Dynamics with COVID-19 Impact Analysis
A comprehensive overview of the Mindfulness Meditation Apps market is recently added by UnivDatos Market Insights to its humongous database. The Mindfulness Meditation Apps market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Mindfulness Meditation Apps market. The mindfulness meditation market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Mindfulness Meditation Apps market at the global and regional levels. The Global Mindfulness Meditation Apps Market is expected to grow at a CAGR of 48.1% from 2021-2027 to reach US$ 6,478.5 million by 2027.
Market Overview
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Nowadays, with the increased
workload, environmental stress, and family problems, mental health disorder
issues such as anxiety, mood disorders, and mental stress are growing among
various age groups. For instance, according to Perkbox, 79% of the
employed adults in 2020 were suffering from work-related stress. This value was
20% higher compared to 59% in 2018. Owing to this a massive population
is shifting towards mindfulness meditation apps to practice meditation in their
daily hustle.
In the U.S. according to the
Harris poll in the year 2017, stress was mainly caused due to money and work.
The major cause of health complaints is workplace stress followed by financial
and family problems. For instance, 80% of the working people in the U.S.
are stressed because of their work, and 8 out 10 Americans are affected by
stress. Furthermore, in the United Kingdom, 526,000 working individuals are
affected by workplace stress, depression, and anxiety. Owing to these
various reasons end-users are adopting the use of mindfulness meditation apps
to achieve peace and relieve stress. According to Sensor Tower’s latest
report, in the year 2019, the key meditation applications achieved revenue of around
USD 195 million. Owing to the increased awareness about the services
provided by the mindfulness meditation apps and their increased adoption among
the end-users, the revenue from 2018, increased by 52% in the year 2019.
Furthermore, increasing R&D research, rapid
digitalization, and an increase in the number of smartphone users have boosted
the mindfulness meditation apps market. Moreover, the increased awareness about
mindfulness meditation apps has also positively impacted the market growth.
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Global Mindfulness Meditation Apps Market report is studied
thoroughly with several aspects that would help stakeholders in making their
decisions more curated.
By Operating System, the market is primarily bifurcated into
·
iOS
·
Others
Android
segment dominated the by type of the global Mindfulness Meditation Apps market and
will grow at a CAGR of X% to reach US$ X million by the year 2027.
By Service Type, the market is primarily segmented into
·
Free
·
Paid
Amongst service
types, free accounted for the largest share in 2020 and is expected to grow at X%
CAGR during the forecast period 2021-2027. However, the paid segment is
anticipated to grow at the highest CAGR during the analyzed period and is
expected to account for a revenue share of almost X% by 2027.
Mindfulness Meditation Apps Market Geographical Segmentation
Includes:
·
North America (United States, Canada
and Rest of North America)
·
Europe (Germany, United Kingdom,
Italy, France, Spain, and Rest of Europe)
·
Asia-Pacific (China, Japan, India, Australia,
and Rest of Asia-Pacific)
·
Rest of the World
Based on
the estimation, the North America region dominated the Mindfulness Meditation
Apps market with almost US$ X million in revenue in 2020. At the same time, the
Asia-Pacific region is expected to grow remarkably with a CAGR of X% over the
forecast period on account of the increasing awareness regarding mindfulness
meditation apps and stressful working hours in the region.
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The
major players targeting the market includes
·
Calm
·
Headspace
·
Breethe
·
Insight Timer
·
Waking Up
·
Meditopia
·
BetterMe
·
Simple Habit
·
Aura Health
·
Moov
Competitive Landscape
The degree of competition among prominent global companies has been
elaborated by analyzing several leading key players operating worldwide. The
specialist team of research analysts sheds light on various traits such as
global market competition, market share, most recent industry advancements,
innovative product launches, partnerships, mergers, or acquisitions by leading
companies in the Mindfulness Meditation Apps Market. The major players have
been analyzed by using research methodologies for getting insight views on
global competition.
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Key questions resolved through this
analytical market research report include:
·
What are the latest trends, new
patterns, and technological advancements in the Mindfulness Meditation Apps Market?
·
Which factors are influencing
the Mindfulness Meditation Apps Market over the forecast period?
·
What are the global challenges,
threats, and risks in the Mindfulness Meditation Apps Market?
·
Which factors are propelling
and restraining the Mindfulness Meditation Apps Market?
·
What are the demanding global
regions of the Mindfulness Meditation Apps Market?
·
What will be the global market
size in the upcoming years?
·
What are the crucial market
acquisition strategies and policies applied by global companies?
We understand the
requirement of different businesses, regions, and countries, we offer
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