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The global gym management software market is projected to reach a value of USD 384.03 million in 2028 with a CAGR of 10.92% between 2023 and 2028. The growth of the market depends on several factors, including the rise in demand for gym software, the benefits associated with the use of gym software and the growing M&A in the market.
Global Gym Management Software Market Size
Analysis Period | 2018-2028 |
Market Size (2018) Historic Year | USD 131.03 million |
Market Size (2028) - Forecasted Year | USD 384.03 million |
Historic Opportunity (2018-2022) | USD 73.23 million |
Historic CAGR | 11.74 % |
Forecasted Opportunity (2024-2028) | USD 155.30 million |
Market Opportunity Transformation Growth | 193.09 % |
Market Opportunity Capitalization | USD 228.53 million |
The market is driven by the increasing demand for streamlined and efficient management of gyms and fitness centers. Gym software offers features like membership management, scheduling, billing, and reporting. The market is witnessing significant growth due to the increasing adoption of technology in the fitness industry. Key players in this market include software providers that offer customizable solutions to meet the unique needs of gym owners and operators.
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One of the key factors driving the market development is the rise in demand for the fitness software market. There has been a rapid increase in the demand for markets across the globe over the last few years, which will act as a major driver for the global market. In addition, demand from countries such as China, India, and Japan is expected to propel the growth of the market in the region.
Moreover, club management software can optimize fitness centre operations by helping in performing tasks more efficiently by automation routine tasks, tracking and integration such as membership renewal and member check-in, and with the help of data entry, the process can be streamlined the way it operates, giving owners and staff more time and energy to focus on other areas of the business. In addition, creating a great member experience results in happy and satisfied members, thereby increasing member retention and reducing churn. Hence, such factors drives the market to blossom during the forecast years.
A key factor shaping the market development is the rise in the number of fitness centers and health clubs. The rising prevalence of obesity in the global population is positively impacting the market. In addition, obesity is known to be a result of changing urban lifestyles. Furthermore, junk foods and high-calorie intake have increased obesity in these cities.
Moreover, people are relying more on gyms to reduce weight and maintain their health. In addition, this has led to an increase in the number of gyms in urban areas, which has consequently raised the demand market. Furthermore, rising cases of osteoporosis and lowering of bone density are also prompting people to take health, diet, and fitness seriously. Hence, such factors are driving the market developments during the forecast period.
Increased piracy is one of the key challenges hindering the market evolution. Piracy in this industry can be referred to as the unauthorized recording and distribution of fitness software content. Even though pirated software may be available at low costs, it is prone to glitches and security risks. Furthermore, the use of such software solutions can even negatively affect the brand name of the software developers.
Moreover, this affects the sales of software companies. In addition, in many developing countries, it is extremely difficult to enforce intellectual property rights, and it becomes easy for customers to obtain pirated software. Furthermore, the piracy of content leads to the circulation of counterfeit software in the market and affects the adoption of authentic products and services. Hence, such factors are hindering the market expansion during the projection period.
The gyms and health clubs segment is estimated to witness significant growth during the projection period. Gym management is an essential aspect of running a successful business. In addition, this includes monitoring and oversight of the facility's daily operations and ensuring that all security protocols are in place. Furthermore,it has become an essential tool for businesses in the fitness industry.
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The gyms and health clubs segment was the largest segment and was valued at USD 86.88 million in 2018. Moreover, fitness program market is software specifically made for managing the daily operations of gyms and health clubs. In addition, it provides several tools that gym owners and trainers use to automate repetitive administrative work, streamline operations, and increase member engagement and satisfaction. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast years. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the projection period. One of the main factors which are fuelling the market growth in North America is the growing need to digitize onboard gym members data and administrative tasks. In addition, there is a growing demand that assist gyms and fitness centers in reducing costs and optimizing their operations due to the availability of various gym systems in the market for helping gym owners access businesses from remote areas. Furthermore, factors such as the high penetration of the Internet and unique mobile subscribers and the increasing health consciousness are driving the market expansion in North America during the projection duration.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, market forecast, mergers and acquisitions, pricing models, geographical expansion, and product/service launches, to enhance their presence in the market growth and trends.
ABC Fitness Solutions: The company offers a software platform which is designed to update member profiles and billing information for clients.
ClubReady LL: The company offers a software platform which is designed to scale operations, utilize smart communications, and implement payment processes.
Clubworx Pty Ltd: The company offers a software platform which is designed to automate client administration, enhance member services, and implement scheduling of classes as per requirement.
The research report also includes detailed analyses of the competitive landscape of the market and information about 25 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.92% |
Market Growth 2024-2028 |
USD 155.3 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
10.76 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABC Fitness Solutions, Anayan Software Consultancy Pvt. Ltd., ClubReady LL, Clubworx Pty Ltd., Exercise.com, EZ Facility Inc., Glofox, Gym Assistant, Gym Insight LLC, Gymdesk, IGYMSOFT, Jivine, MINDBODY Inc., Motionsoft Inc., Perfect Gym Solutions SA, RhinoFit, Sport Alliance GmbH, TECHNOGYM S.p.A, The Loop Enterprises LLC, Treshna Enterprses Ltd., Virtuagym, WellnessLiving Systems Inc., Wellyx, Xplor Technologies, and Zen Planner LLC |
Market dynamics |
Parent market analysis,Market overview, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
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