Global Gym Software Market Overview:
The global gym software market is expected to grow at a slow pace during the forecast period, according to the AMA study. Rising demand for automated technologies in the gym & sports clubs for management of gym operations and increasing number of gyms & fitness centres across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Rising Demand for Automation in Gym Premises for Management of Gym Operations
- Increasing Number of Gyms & Fitness Clubs Across the World
- Rising Influence of Fitness and Bodybuilding is Propelling the Demand for Gym Membership Programs
- Opportunities for Cloud-based Analytics
- Implementation of AI in Gym Management Solutions
- Reduced Sales Due to Lockdown of Cities & Enterprises Which has Led the Gyms & Fitness Centres to Stop all the Ongoing Operations & Shut Down the Company for an Ambigous Period of Time to Avoid the Spread of COVID-19
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are ABC Financial Services (United States), ACTIVE Network, LLC (United States), ClubReady, LLC (United States), Glofox (Ireland), MINDBODY (United States), Motionsoft, Inc. (United States), PerfectGym (Poland), RhinoFit (United States), Technique Fitness, Inc (United States), Treshna Enterprises Ltd (New Zealand), Wodify Technologies Ltd (United States) and Zen Planner, LLC (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Gym Software market by 2025. Considering Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Gym Software market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Gym Software market. Considering Market by Deployment, the sub-segment i.e. On-Premise will boost the Gym Software market.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Impacting the Adoption of Gym Management Solutions as all the Gyms & Fitness Centres are Closed for Now
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gym Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gym Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.