Gym Management Software Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast 2024-2028

Published: Nov 2023

Pages: 164

SKU: IRTNTR43064

Snapshot

Gym Management Software Market Forecast 2018-2028

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

Future Trends and Opportunities

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.

Market Share Analysis

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Market Growth Analysis Overview

Growth Drivers and Challenges

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.

Market Trends and Analysis

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.

Market Restraints

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.

Market Segmentation By Application

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.

Regional Overview

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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.

Market Customer Landscape

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

Key Players

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.

Segment Overview

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.

Application Outlook
- Gyms and health clubs
- Sports clubs
Deployment Outlook
- Cloud-based
- On-premises
Geography Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements.

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global gym management software market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global gym management software market 2018 - 2022 ($ million)

4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)

4.3 Deployment Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Deployment Segment 2018 - 2022 ($ million)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Gyms and health clubs - Market size and forecast 2023-2028
- Exhibit 34: Chart on Gyms and health clubs - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Gyms and health clubs - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Gyms and health clubs - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Gyms and health clubs - Year-over-year growth 2023-2028 (%)

6.4 Sports clubs - Market size and forecast 2023-2028
- Exhibit 38: Chart on Sports clubs - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Sports clubs - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Sports clubs - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Sports clubs - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ million)
- Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Deployment

7.1 Market segments
- Exhibit 44: Chart on Deployment - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Deployment - Market share 2023-2028 (%)

7.2 Comparison by Deployment
- Exhibit 46: Chart on Comparison by Deployment
- Exhibit 47: Data Table on Comparison by Deployment

7.3 Cloud-based - Market size and forecast 2023-2028
- Exhibit 48: Chart on Cloud-based - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on Cloud-based - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on Cloud-based - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Cloud-based - Year-over-year growth 2023-2028 (%)

7.4 On-premises - Market size and forecast 2023-2028
- Exhibit 52: Chart on On-premises - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on On-premises - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on On-premises - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on On-premises - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Deployment
- Exhibit 56: Market opportunity by Deployment ($ million)
- Exhibit 57: Data Table on Market opportunity by Deployment ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Germany - Market size and forecast 2023-2028
- Exhibit 87: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.10 China - Market size and forecast 2023-2028
- Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)

9.11 France - Market size and forecast 2023-2028
- Exhibit 95: Chart on France - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on France - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on France - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on France - Year-over-year growth 2023-2028 (%)

9.12 Japan - Market size and forecast 2023-2028
- Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 ABC Fitness Solutions
- Exhibit 111: ABC Fitness Solutions - Overview
- Exhibit 112: ABC Fitness Solutions - Product / Service
- Exhibit 113: ABC Fitness Solutions - Key news
- Exhibit 114: ABC Fitness Solutions - Key offerings

12.4 ClubReady LL
- Exhibit 115: ClubReady LL - Overview
- Exhibit 116: ClubReady LL - Product / Service
- Exhibit 117: ClubReady LL - Key offerings

12.5 Clubworx Pty Ltd.
- Exhibit 118: Clubworx Pty Ltd. - Overview
- Exhibit 119: Clubworx Pty Ltd. - Product / Service
- Exhibit 120: Clubworx Pty Ltd. - Key offerings

12.6 EZ Facility Inc.
- Exhibit 121: EZ Facility Inc. - Overview
- Exhibit 122: EZ Facility Inc. - Product / Service
- Exhibit 123: EZ Facility Inc. - Key offerings

12.7 Glofox
- Exhibit 124: Glofox - Overview
- Exhibit 125: Glofox - Product / Service
- Exhibit 126: Glofox - Key offerings

12.8 Gym Assistant
- Exhibit 127: Gym Assistant - Overview
- Exhibit 128: Gym Assistant - Product / Service
- Exhibit 129: Gym Assistant - Key offerings

12.9 IGYMSOFT
- Exhibit 130: IGYMSOFT - Overview
- Exhibit 131: IGYMSOFT - Product / Service
- Exhibit 132: IGYMSOFT - Key offerings

12.10 Jivine
- Exhibit 133: Jivine - Overview
- Exhibit 134: Jivine - Product / Service
- Exhibit 135: Jivine - Key offerings

12.11 MINDBODY Inc.
- Exhibit 136: MINDBODY Inc. - Overview
- Exhibit 137: MINDBODY Inc. - Product / Service
- Exhibit 138: MINDBODY Inc. - Key offerings

12.12 Motionsoft Inc.
- Exhibit 139: Motionsoft Inc. - Overview
- Exhibit 140: Motionsoft Inc. - Product / Service
- Exhibit 141: Motionsoft Inc. - Key offerings

12.13 Perfect Gym Solutions SA
- Exhibit 142: Perfect Gym Solutions SA - Overview
- Exhibit 143: Perfect Gym Solutions SA - Product / Service
- Exhibit 144: Perfect Gym Solutions SA - Key offerings

12.14 The Loop Enterprises LLC
- Exhibit 145: The Loop Enterprises LLC - Overview
- Exhibit 146: The Loop Enterprises LLC - Product / Service
- Exhibit 147: The Loop Enterprises LLC - Key offerings

12.15 Treshna Enterprses Ltd.
- Exhibit 148: Treshna Enterprses Ltd. - Overview
- Exhibit 149: Treshna Enterprses Ltd. - Product / Service
- Exhibit 150: Treshna Enterprses Ltd. - Key offerings

12.16 WellnessLiving Systems Inc.
- Exhibit 151: WellnessLiving Systems Inc. - Overview
- Exhibit 152: WellnessLiving Systems Inc. - Product / Service
- Exhibit 153: WellnessLiving Systems Inc. - Key offerings

12.17 Xplor Technologies
- Exhibit 154: Xplor Technologies - Overview
- Exhibit 155: Xplor Technologies - Product / Service
- Exhibit 156: Xplor Technologies - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 157: Inclusions checklist
- Exhibit 158: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 159: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 160: Research methodology
- Exhibit 161: Validation techniques employed for market sizing
- Exhibit 162: Information sources

13.5 List of abbreviations
- Exhibit 163: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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