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Mindfulness Meditation Application Market size is set to grow by USD 1.48 billion from 2023-2027, Increase in mental illness to boost the market growth, Technavio

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NEW YORK, July 15, 2024 /PRNewswire/ — The global mindfulness meditation application market size is estimated to grow by USD 1.48 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 30.01% during the forecast period. Increase in mental illness is driving market growth, with a trend towards touch input and advanced sensor technologies drive health app innovations. However, need to comply with regulations poses a challenge. Key market players include Aura, Calm.com Inc., CBZ Village des Pruniers, Headspace Inc., Humm.ly Inc., Inner Explorer, Insight Network Inc., Meditation Moments BV, Meditation Oasis, MindApps AB, Mindfulness Everywhere, Mindvalley Inc., Portal Labs Ltd., Simple Habit Inc., Smiling Mind Pty Ltd., Ten Percent Happier Inc., UCLA Health, Waking Up LLC, Welzen, and Yedi70 Software and Information Technologies Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

End-user (Individual and Corporate ), Platform (Android, iOS, and Others ), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Aura, Calm.com Inc., CBZ Village des Pruniers, Headspace Inc., Humm.ly Inc., Inner Explorer, Insight Network Inc., Meditation Moments BV, Meditation Oasis, MindApps AB, Mindfulness Everywhere, Mindvalley Inc., Portal Labs Ltd., Simple Habit Inc., Smiling Mind Pty Ltd., Ten Percent Happier Inc., UCLA Health, Waking Up LLC, Welzen, and Yedi70 Software and Information Technologies Inc.

 

Key Market Trends Fueling Growth

The mindfulness meditation application market is experiencing significant growth due to the integration of touch input and advanced sensor technologies. These innovations enhance user experience by offering personalized assistance and real-time feedback. Touch input facilitates intuitive interactions, such as gesture-controlled navigation, making app usage more streamlined. Modern sensors, including heart rate monitors and EEG devices, provide users with biofeedback, aiding in improved focus and reduced tension during meditation sessions. Applications like Calm and Headspace utilize touch gestures for easy navigation, while Muse employs EEG sensors to monitor brain activity and deliver customized meditation workouts. The market is projected to expand and progress as a result of this trend, fostering a stronger bond between users and their mindfulness practice, thereby fueling the market’s growth throughout the forecast period. 

In today’s fast-paced world, mindfulness meditation has gained popularity as an effective tool for personal well-being and managing mental health issues like stress, anxiety, and depression. The market for mindfulness meditation applications is on the rise, with Android apps leading the way due to high smartphone penetration and app usage. Wearable devices, such as smartwatches and tablets, are also integrating mindfulness features, providing real-time biometric data for motivation and adherence. Corporate wellness programs are embracing these technologies to boost employee productivity and morale through workplace wellness initiatives. Preventative healthcare and an active lifestyle are key trends, with personalized coaching, feedback, and natural language processing enhancing user experience. Mindfulness meditation applications address various health concerns, including chronic pain, high blood pressure, and mental diseases, using breathing techniques and machine learning algorithms. Modern technologies, including online media and machine learning, are revolutionizing mindfulness meditation, making it accessible and convenient for the aging population and those with busy schedules. 

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Market Challenges

The adoption of mobile applications for mindfulness meditation is on the rise, enabling continuous user engagement and data collection. These apps store sensitive user information, making robust security essential. Compliance with regulations like HIPAA is crucial for mobile medical applications in the US. However, increasing regulations pose challenges to new app development, potentially hindering market growth during the forecast period. Ensuring data security and regulatory compliance is paramount for the success of mindfulness meditation application providers.Mindfulness meditation applications have gained significant popularity among individuals seeking stress relief and improved mental health. With the widespread use of smartphones, tablets, and smartwatches, these apps offer convenient access to breathing techniques and meditation practices. However, the market faces challenges such as addressing chronic conditions like stress, high blood pressure, anxiety, and depression. Modern technologies, online media, and digital habits contribute to mental health issues. To engage users, gamification elements and progress tracking features are essential. Collaboration with mental health professionals, mindfulness experts, and meditation teachers can add value. Subscription models and integration with wearable technology devices like fitness trackers and smartwatches can expand reach in digital wellness. Artificial intelligence and personalized recommendations can enhance user experience. Android and IOS platforms cater to a broad audience, ensuring accessibility for all.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This mindfulness meditation application market report extensively covers market segmentation by

End-user 1.1 Individual1.2 CorporatePlatform 2.1 Android2.2 iOS2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Individual- The individual segment of the global mindfulness meditation application market is projected to experience substantial growth compared to the corporate segment. Mindfulness meditation offers numerous advantages for individuals, including stress reduction, anxiety alleviation, mental health enhancement, self-awareness improvement, increased concentration, memory retention, empathy development, and better sleep hygiene. These benefits, backed by scientific evidence, are expected to fuel the expansion of this market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017 – 2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global market for mental health apps is experiencing robust growth, driven by increasing awareness of mental health issues and accessibility to smartphones. These apps offer convenient solutions for therapy, stress management, and mindfulness, catering to a growing demand for personalized mental wellness tools.

The robotics market in personal and homecare sectors is expanding rapidly, leveraging automation to enhance daily living. Innovations in robotic assistance for elderly care, household chores, and personal grooming are reshaping lifestyles, driven by aging populations and technological advancements.

The global wellness real estate market is evolving with a focus on health-centric living environments. Properties integrating features like fitness centers, green spaces, and air purification systems are gaining popularity, reflecting a rising consumer preference for holistic well-being in residential settings.

Research Analysis

Mindfulness meditation applications offer individuals an accessible and convenient way to practice mindfulness meditation using digital technology. These apps can be accessed on smartphones, tablets, and even smartwatches, making them ideal for individuals with busy lifestyles. Mindfulness meditation is effective in managing stress, chronic pain, high blood pressure, and various mental diseases. These apps often include breathing techniques, gamification elements, and progress tracking features to enhance the user experience. Mental health professionals, mindfulness experts, and meditation teachers also utilize these apps to support their clients in their meditation practice. Subscription models offer continued access to new content and features, while wearable technology devices and fitness trackers integrate with mindfulness meditation apps to provide a more comprehensive digital wellness experience. Ultimately, mindfulness meditation applications cater to the needs of individuals seeking relaxation, stress management, and improved mental health, while also offering features to help manage lifestyle diseases and screen time.

Market Research Overview

Mindfulness meditation applications offer individuals an accessible way to manage stress, chronic pain, high blood pressure, mental diseases, and various mental health issues using modern technologies like smartphones, tablets, and smartwatches. These apps provide breathing techniques, meditation practices, and yoga exercises to help users achieve a stable mental health state. With the increasing prevalence of anxiety, mental illnesses, and lifestyle diseases, the demand for these digital solutions is on the rise. Modern technologies, such as artificial intelligence, IOS, and Android operating systems, are integrated into these apps to provide personalized coaching, feedback, and progress tracking features. Gamification elements and subscription models further enhance user engagement and motivation, ensuring adherence to regular practice. Wearable technology devices, such as fitness trackers and smartwatches, also contribute to digital wellness by monitoring biometric data and screen time, promoting healthier digital habits. Corporate wellness programs and workplace wellness initiatives are increasingly incorporating these apps to improve employee mental health and productivity. The aging population and the growing emphasis on preventative healthcare further expand the potential audience for mindfulness meditation applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIndividualCorporatePlatformAndroidIOSOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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MESCIUS Launches Spread .NET v18

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PITTSBURGH, Jan. 10, 2025 /PRNewswire/ — MESCIUS inc., a global provider of award-winning enterprise software development tools, is pleased to announce the Spread .NET v18 release. The highlights of Spread .NET v18 include exciting features, such as enhanced PDF output quality, a new WPF spreadsheet, copying skip invisible ranges, and more. These features expand developers’ capabilities within their .NET applications when building high-performance enterprise spreadsheets. Spread .NET v18 is now available as an upgrade for existing customers and a download for new customers on the MESCIUS website.

Spread.NET v18 launches with a new WPF version, improved PDF saving (with higher resolution), and much more.

With Spread .NET v18, saving .NET spreadsheets to PDF delivers higher resolution and improved image quality, in line with Excel-compatible printing features. Rich text, flat style modes, transparent shapes, and header/footer images are better rendered, providing professional-grade PDF outputs. Read the release announcement to learn more about the enhanced PDF output quality in Spread .NET v18.

This latest release introduces an all-new WPF spreadsheet component version with significant enhancements, including iterative calculations, dynamic arrays, advanced charting, and external data integration. This update sets the stage for continued WPF innovations in future releases. Visit the website to get started with Spread .NET’s new WPF spreadsheet version.

In Spread .NET v18, users can copy cell ranges while excluding hidden rows and columns. To streamline operations in spreadsheets with filtered or hidden data, enable the RichClipboard and CopySkipInvisibleRange properties. Learn how to get started with this Spread .NET v18 release feature.

“We just released Spread .NET v18, which included some big features like enhanced PDF export and a brand new WPF Spreadsheet version, providing a few calculation enhancements, a new chart engine, and a formula text box,” said Product Manager Kevin Ashley. “These features can help enhance your applications with more Excel-like capabilities in both WinForms and WPF.”

About MESCIUS inc.: MESCIUS inc. is one of the world’s largest providers of developer components. The company retains 400 employees and hundreds of thousands of customers worldwide. MESCIUS inc. is committed to providing enterprises around the world with state-of-the-art developer tools and components, software services, and solutions. For more information, visit https://developer.mescius.com.

All product and company names herein may be trademarks of their respective owners.

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Puneet Shivam Appointed CEO of Right Skale Inc, a global Data and Cloud Services Company

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Right Skale Inc, a native AI-powered data services company, announces the appointment of Puneet as Chief Executive Officer marking the next phase in the company’s development.

PLEASANTON, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — Right Skale announces that Puneet Shivam will join as a Co-founder and Chief Executive Officer, marking a strategic move to accelerate Right Skale’s transformation into a global AI-enablement leader.

“Right Skale is uniquely positioned, and our vision is clear – become the premier AI enablement partner of choice by 2030”, says Puneet Shivam on joining as a co-founder of Right Skale.

Puneet joins from Avendus Capital Inc, where he served as CEO and Managing Director, leading the Enterprise Technology & Services practice. In this role he enabled numerous emerging technology services organizations in scaling up and in value realization. Prior to Avendus, Puneet was instrumental in establishing Inductis (now EXL Analytics) into one of the first and highly reputed data analytics company, delivering high impact analytics initiatives across Fortune 500 companies.

A Winning Partnership. Amit Shah, Founder, commented: “Puneet’s leadership accelerates our mission of helping enterprises achieve their business goals through AI-enabled data services. His experience in growing global businesses and his deep industry relationships will be invaluable.”

“We partner with clients to unlock value through AI-powered solutions. By combining deep technology expertise with business understanding, we help enterprises enhance customer experiences, optimize operations, and drive growth. I am excited to join hands with Amit and the team,” says Puneet Shivam. “Right Skale is uniquely positioned, and our vision is clear – become the premier AI enablement partner of choice by 2030”

About Right Skale:

Right Skale is an AI-enabled technology services company helping enterprises navigate digital transformation through data and cloud innovation. Our mission is to empower businesses to thrive in the AI era. The company’s approach focuses on practical AI implementation – experimenting, validating, and scaling solutions that deliver measurable business outcomes. Through strategic partnerships with leading cloud and data technology providers, Right Skale helps clients build future-ready digital capabilities. For more info, please email us at info@rightskale.com www.RightSkale.ai & www.RightSkale.com

Media Contact

HR, Right Skale Inc, 1 (408) 658-0779, info@rightskale.com, www.RightSkale.ai

HR, Right Skale, info@rightskale.com, www.RightSkale.ai

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Pensions & Investments and NAIC Announce Alliance to Support Diverse Asset Managers

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WASHINGTON, Jan. 10, 2025 /PRNewswire/ — The National Association of Investment Companies (NAIC), the industry association and largest network of diverse-owned alternative investment firms, and Pensions & Investments (P&I) have entered into a multi-year alliance designed to promote objectives related to increasing diversity and inclusion in the institutional investment industry. 

Through this alliance, NAIC and P&I will work together to advance the pool of diverse talent within the private markets by growing the assets allocated to diverse-owned and managed firms through investor-facing education and resources. They will collaborate to develop and publish thought leadership content related to the impact diverse-owned firms have on the industry and the economy. NAIC member firms will benefit from access to the P&I Research Center, which provides insights including current and historical data, key contact information for institutional investors, market intelligence, trend analysis, competitive benchmarking and more.

“Pensions & Investments is pleased to partner with NAIC to shine a spotlight on some of the innovative and great work being done by diverse- and woman-owned firms in the alternatives space. There is increased interest in how to leverage alternative assets across the institutional investment and retirement landscape, and we’re looking forward to sharing data, insights and content that can amplify the voices represented by NAIC member firms,” says Nikki Pirrello, President and Publisher, Pensions & Investments. “Our audience is hungry for information on effective investment strategies and high-performing managers, and we believe this partnership will allow us to continue to expand our universe of those we are covering.”

By joining forces, NAIC and P&I will raise awareness of the diverse- and woman-owned alternative investment firms that drive growth in every major industry sector. “We are excited that Pensions & Investments, a leading voice in investment management, shares NAIC’s goal of increasing diversity and inclusion in the institutional asset management industry,” says Robert L. Greene, NAIC’s President & CEO. “We look forward to the opportunities this alliance will provide our members to identify trends and share insights in order to increase the flow of capital to high-performing diverse investment firms from pensions and other investment managers.”

About the National Association of Investment Companies
With more than 54 years of advocacy and performance, the National Association of Investment Companies (www.naicpe.com) is the trade association and largest network of diverse- and women-owned alternative investment firms. NAIC’s membership comprises more than 190 diverse-owned alternative investment firms that collectively manage over $460 billion in assets under management. NAIC member firms invest with more than 2,200 portfolio companies globally and consistently generate superior returns that help fuel the growth of the retirement and asset management industries. www.naicpe.com

About Pensions & Investments
With unmatched integrity and professionalism, Pensions & Investments consistently delivers news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Since its founding in 1973, this continues to be the mission of Pensions & Investments, the international newspaper of money management. Written for pension, portfolio and investment management executives at the hub of this market, Pensions & Investments provides its audience with timely and incisive coverage of events affecting the money management business. Written by a worldwide network of reporters and correspondents, Pensions & Investments’ coverage includes business and financial news, legislative reports, global investments, product development, technology, investment performance, executive changes, corporate governance and other topics crucial to the people who drive the world of professional money. Pensions & Investments is owned by Crain Communications Inc. www.pionline.com

CONTACT:
Kristen Perlman
Vice President, Marketing and Insights
National Association of Investment Companies
kperlman@naicpe.com

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SOURCE National Association of Investment Companies

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