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Fitness App Market to Grow by USD 55.86 Billion (2024-2028) as Health Management Needs Rise; AI-Redefined Market Landscape Report – Technavio

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NEW YORK, Nov. 1, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global fitness app market  size is estimated to grow by USD 55.86 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  17.78%  during the forecast period. Empowering health management amid rising incidence of chronic diseases is driving market growth, with a trend towards innovative coaching platform approach with integrated video workout features. However, failing in user engagement and retention  poses a challenge.Key market players include Adidas AG, Alphabet Inc., Apple Inc., ASICS Corp., Azumio Inc., BetterMe Ltd., Diverse Retails Pvt. Ltd., Fiit Ltd., Fitness Connection, Fooducate Ltd., Garmin Ltd., Jefit Inc., MINDBODY Inc., Nike Inc., PEAR Sports LLC, Polar Electro Oy, Samsung Electronics Co. Ltd., Squats Fitness Pvt. Ltd., Under Armour Inc., Wahoo Fitness LLC, WellDoc Inc., and YAZIO GmbH.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Gender (Female and Male), Application (Lifestyle monitoring, Health monitoring, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

Adidas AG, Alphabet Inc., Apple Inc., ASICS Corp., Azumio Inc., BetterMe Ltd., Diverse Retails Pvt. Ltd., Fiit Ltd., Fitness Connection, Fooducate Ltd., Garmin Ltd., Jefit Inc., MINDBODY Inc., Nike Inc., PEAR Sports LLC, Polar Electro Oy, Samsung Electronics Co. Ltd., Squats Fitness Pvt. Ltd., Under Armour Inc., Wahoo Fitness LLC, WellDoc Inc., and YAZIO GmbH

Key Market Trends Fueling Growth

The fitness app market is witnessing an emerging trend with the integration of innovative coaching platforms. These platforms offer integrated video workouts and video-on-demand (VOD) features, providing users with more interactive and personalized fitness experiences. Major companies are responding to this shift by developing advanced coaching platforms to gain a competitive edge. An online coaching platform facilitates easier communication between clients and coaches during sessions. The growth of these coaching platforms is expected to significantly contribute to the expansion of the global fitness app market during the forecast period.

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Market Challenges

•         The global fitness app market faces substantial challenges in maintaining user engagement and retention. While initial downloads keeping users over the long term proves more challenging due to intense competition. Providing fresh content, such as new workout routines and motivational incentives, is essential to prevent user churn. A seamless user experience and prompt issue resolution are crucial for retaining trust and loyalty. Adapting to emerging trends, like wearable device integration, virtual coaching, and personalized nutrition plans, is also vital for staying relevant and innovative. Neglecting user engagement and retention can hinder the growth of the fitness app market during the forecast period.

•         In the dynamic world of health and wellness, fitness apps have emerged as a game-changer, attracting millions of mobile subscribers. These apps offer in-app fitness solutions, including virtual training and personalized fitness plans, catering to the needs of smartphone users. In-home fitness equipment and wearable technology integration further enhance the user experience. However, maintaining the highest retention rates remains a challenge. Machine learning and artificial intelligence are employed to provide nutrition guidance, monitor diet, and track workouts and activity levels. Regulatory frameworks ensure health and hygiene standards. Future Fitness apps offer advanced features like calorie tracking, workout routines, and mental well-being education. Personal training, once a luxury, is now accessible through online platforms with personalized diet charts and fitness plans, reducing personal training fees. Smart devices, including laptops, tablets, smartphones, and smartwatches, are integral to this market. The fusion of technology and fitness awareness is revolutionizing the industry, transforming conventional fitness studios and gyms into virtual spaces.

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Segment Overview 

This fitness app market report extensively covers market segmentation by

Gender 1.1 Female1.2 MaleApplication 2.1 Lifestyle monitoring2.2 Health monitoring2.3 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

Research Analysis

Fitness apps have revolutionized the way we approach health and wellness, offering convenient and flexible solutions for individuals seeking to improve their fitness levels and prioritize mental well-being. With the rise of virtual fitness, in-app workouts, and online training, conventional studios and gyms have had to adapt to remain competitive. Subscriptions to fitness apps grant users access to a wealth of resources, including activity tracking, personal training, and diet charts. These apps cater to smartphone users, laptops, tablets, and even smart devices, making fitness accessible from anywhere. As awareness of fitness continues to grow, regulatory frameworks ensure the safety and effectiveness of these apps. Health Works Collective is an example of a platform that offers mental well-being, health, and hygiene resources alongside fitness training. Overall, fitness apps provide a comprehensive solution for individuals seeking to prioritize their health and wellness in today’s fast-paced world.

Market Research Overview

Fitness apps have revolutionized the way we approach health and wellness, offering advanced features like activity tracking, calorie counting, and diet chart monitoring to help users stay on top of their fitness goals. These apps go beyond just tracking workouts, with in-app fitness classes, personalized fitness plans, and virtual coaching sessions available to subscribers. Artificial intelligence and machine learning technology provide personalized recommendations based on individual fitness levels and goals. Mental well-being is also prioritized, with features that promote mindfulness and stress reduction. Smart devices like smartphones, tablets, smartwatches, and fitness trackers integrate seamlessly with these apps, allowing users to monitor their progress and stay motivated. Online platforms offer virtual fitness classes, personal training, and nutrition guidance, making fitness more accessible than ever before. With the highest retention rates, fitness apps are the future of health and wellness, providing convenience, affordability, and a comprehensive approach to fitness and nutrition. Regulatory frameworks ensure user safety and privacy, while gyms, fitness studios, and conventional workout routines continue to coexist with these innovative offerings.

Table of Contents:

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

GenderFemaleMaleApplicationLifestyle MonitoringHealth MonitoringOthersGeographyNorth AmericaAPACEuropeSouth 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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SOURCE Technavio

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Celebrate 40 Years of the UAE and China’s Diplomatic Relations at the Upcoming ‘Building bridges for the future UAE & China’ Event in Abu Dhabi

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Taking place on Abu Dhabi’s Corniche from November 1st to 3rd, ‘Building bridges for the future UAE & China‘ will host a series of interactive workshops, live performances, cultural displays, and culinary experiences

ABU DHABI, UAE, Nov. 2, 2024 /PRNewswire/ — The distinguished “Building Bridges for the Future: UAE-China” event, reflecting the spirit of unity and collaboration between the UAE and China, will be held in cooperation with the Department of Culture and Tourism – Abu Dhabi. Taking place over three days, from November 1 to 3, on Abu Dhabi’s picturesque Corniche, this landmark event commemorates 40 years of enduring partnership between the United Arab Emirates and the People’s Republic of China.

The event’s theme, “Reflecting on The Past, Present, and Future,” pays tribute to the deep-rooted ties, milestones, and collaborative spirit that have defined the UAE-China relationship since 1984. The UAE currently maintains two diplomatic representative offices in China, in Beijing and Shanghai, and this strong bond has continued to develop over the past number of years, with Sheikh Mohammed Bin Zayed visiting China in June of this year.

What to Expect

Visitors to the Corniche will instantly be immersed in a rich tapestry of Emirati and Chinese culture, with interactive workshops that invite attendees to explore traditional crafts from both nations. Through hands-on activities like calligraphy, fan painting, and basket weaving, guests can experience the artistry that has been passed down through generations, celebrating the shared values of craftsmanship and heritage.

Visitors can enjoy the soulful notes of traditional Emirati Oud music and the dynamic moves of the Tai Chi, and Kung Fu, with each display honouring the distinct cultural essence of its origin.

Artisan stalls situated along the Corniche will display handcrafted goods from Emirati and Chinese artists, providing an intimate view into each nation’s cultural richness. Adding to the vibrant atmosphere, a roaming Dragon Dance and Al-Ayyala performers will weave through the crowds, filling Abu Dhabi’s Corniche with the colours, sounds, and spirit of celebration, embodying the unity at the heart of the UAE-China partnership.

Join the Celebration

When: November 1st to 3rd
Timings: from 4:00 PM to 11:00 PM for all days
Where: Abu Dhabi’s Corniche
Buy tickets online here: https://abu-dhabi.platinumlist.net/event-tickets/95487/building-bridges-for-the-future

View original content:https://www.prnewswire.com/apac/news-releases/celebrate-40-years-of-the-uae-and-chinas-diplomatic-relations-at-the-upcoming-building-bridges-for-the-future-uae–china-event-in-abu-dhabi-302294556.html

SOURCE Department of Culture and Tourism – Abu Dhabi

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URGENT CALL TO BIDEN ADMINISTRATION TO FUND ALTERNATIVES TO BURN PITS

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Billions going to help VETS with medical conditions caused by toxic exposure, but not enough being done to prevent the current and next generation from falling to same

BATAVIA, N.Y., Nov. 1, 2024 /PRNewswire/ — Eco Waste Solutions™  (EWS), a leader in deployable waste management technology, calls on the Biden administration to ensure military service members never again face the health risks associated with toxic burn pits. Eco Waste Solutions has developed the Expeditionary Solid Waste Disposal System (ESWDS) specifically for military use, offering a proven alternative to open burn pits.

Though the Army has invested heavily in ESWDS testing and has contracted EWS to supply units for safe waste disposal in combat zones, funding limitations jeopardize the future production of this critical equipment. Since 2021, only ten of the planned 236 units have been procured, with the production line set to close by June 2025 without further investment.

“A modest $9 million increase in the Army’s budget could ensure ongoing ESWDS availability and prevent a return to harmful burn pits in future conflicts and act as a bridge until the defense department can budget for the program,” says Jean Lucas, President and CEO of Eco Waste Solutions. “The effects of burn pits are well-documented and devastating, and we have a ready, deployable solution. This investment would safeguard troop health and sustain a skilled workforce in Batavia, New York.”

With bipartisan support, including the PACT Act’s acknowledgment of burn pit health impacts, Eco Waste Solutions is committed to ending the use of open burn pits in the military once and for all. By fully funding the ESWDS, the administration can honor this commitment and ensure long-term health protection for our troops.

For more information, visit ecosolutions.com.

About Eco Waste Solutions:
Since 1993, Eco Waste Solutions™ has been delivering thermal waste conversion solutions to companies, communities, governments and military organizations around the world. From world-leading products, to specialized engineering and technical services, we help thermal waste conversion projects thrive. Our environmental technologies have diverted millions of tons of garbage from landfills, while recovering valuable materials, and generating over half a million megawatts of energy, while protecting the public from infectious disease, and other hazards. The company has operations in Burlington, Ontario and Batavia, New York.
www.ecosolutions.com 

View original content:https://www.prnewswire.com/news-releases/urgent-call-to-biden-administration-to-fund-alternatives-to-burn-pits-302294572.html

SOURCE Eco Waste Solutions

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LITE ACCESS AMENDS CONVERTIBLE DEBENTURE MATURITY DATE AND EXTENDS EXCLUSIVITY WITH IRONMAN DIRECTIONAL DRILLING

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VANCOUVER, BC, Nov. 1, 2024 /CNW/ – LITE ACCESS TECHNOLOGIES INC. (“Lite Access”) (TSXV: LTE) (OTC: LTCCF), a world leader in the fibre optic products and advanced installation methodologies, announces it will extend the maturity date of previously issued convertible debentures in the principal amount of $500,000 (the “Debentures”) from November 22, 2024 to November 22, 2026 (the “New Maturity Date”).  The New Maturity Date has been approved by all of the holders of the Debentures.

The principal amount of the Debentures will continue to bear interest at a rate of 12% per annum and be convertible at a conversion price of $0.10 per share (see news release dated November 22, 2022).  Other than the New Maturity Date, no other terms of the Debentures were amended.

The New Maturity Date is subject to acceptance of the Exchange.

Update on Ironman Transaction

The Company also announces that the Company and Ironman have agreed to further extend the exclusivity period until December 31, 2024, in relation to its proposed acquisition of Ironman and its wholly-owned subsidiary, Ironman Direction Drilling Ltd., an experienced provider of directional drilling (the “Transaction”), which was previously announced in the news release dated May 5, 2023.  Ironman is currently finalizing the audit of its financial statements and the parties intend to enter into the definitive agreement in November 2024.

The completion of the Transaction is subject to a number of key conditions including entry into a definitive agreement between Lite Access and Ironman, completion of due diligence of the parties, shareholder approval, TSX Venture Exchange (the “Exchange”) final approval and other conditions customary for this type of Transaction. The Company will issue a subsequent news release upon entry into a definitive share purchase agreement with Ironman.

About Lite Access

Lite Access Technologies Inc. is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost the network deployment for telecommunications operators.

As part of its suite of services Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks.  Lite Access’ products have been deployed in many high-profile communication networks including Olympic facilities, military and government, numerous communities throughout the United Kingdom, the USA and Canada as well as global telecommunications companies that have adopted Lite Access as the “solution of choice” for the least invasive, most cost effective and future-proof fibre optic connectivity available.

Lite Access’ installation technology and proprietary products extend a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to provide global clients and partners with the most cost effective and proven fibre connectivity solutions available.

Forward Looking Information

This news release contains statements that, to the extent they are not recitations of historical fact, may constitute “forward-looking statements” within the meaning of applicable Canadian securities laws. Lite Access uses words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “believe”, “intend” and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Lite Access in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Lite Access’ expectations and predictions is subject to any number of risks, assumptions and uncertainties.  Many factors could cause Lite Access’ actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things: risks and uncertainties described in Lite Access’s most recent Management Discussion & Analysis (MD&A) for the financial year ended September 30, 2023 which can be accessed at www.sedarplus.com. The “forward-looking statements” contained herein speak only as of the date of this press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Lite Access Technologies Inc.

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