The Global Mindfulness Meditation Apps Market Size is valued at 522.21 million in 2022 and is predicted to reach 7586.45 million by the year 2031 at a 34.90% CAGR during the forecast period for 2023-2031.
The cognitive exercise of mindfulness meditation is described as a way to quiet the mind and let go of unhelpful thoughts. An application that can be installed and used on mobile devices and tablets is a mindfulness meditation app. It assists users in learning how to relax their bodies and minds, practice breathing, and use visualization techniques.
Numerous mindfulness meditation applications provide animation films on various topics, including the mind's operation, tracker, and reminder features for monitoring mental processes. There has been a prominent increase in the usage of these mindfulness meditation apps by people of all ages and gender, which is, in turn, driving the growth of the global market for mindfulness meditation apps. The growing trend among millennials toward a healthy lifestyle has increased the demand for mindfulness meditation apps.
The stress of work and life, as well as a flurry of social and personal commitments, which affect daily energy levels and interfere with sleep, are spurring an explosion in awareness of meditation. The social and emotional issues students face has significantly increased, along with their levels of worry and stress, as a result of the worldwide education sector's rapid proliferation. As a result, many educational institutions worldwide are promoting mindfulness meditation apps. This factor is driving the market for mindfulness meditation apps.
Recent Developments:
- In Sept 2020, With philanthropist, environmentalist, and meditation enthusiast Gisele Bündchen, Insight Timer begins a multilingual relationship. In October, to recognize Anxiety and Depression Awareness Month, Bündchen will utilize Insight Timer's new in-app live streaming function to interact with her followers in real-time.
Competitive Landscape:
Some of the Mindfulness Meditation Apps market players are:
- Aura Health
- Better Me
- Breathe, & Think PBC
- com, Inc.
- Edutopia
- Headspace, Inc.
- Inner Explorer, Inc.
- Insight Timer
- Meditation Moments B.V.
- Mindfulness Everywhere Ltd.
- Mood
- Simple Habit, Inc.
- Smiling Mind
- Ten Percent Happier
- The Mindfulness App
- Waking Up
Market Segmentation:
The mindfulness meditation apps market is segmented based on the operating system, service type and age group. Based on the operating system, the market is segmented as Android, iOS and others. Based on service type, the market is categorized into paid and free. By age group, the market is segmented into 6–12 Years Old, 13–18 Years Old and 19 and above.
Based On Service Type, The Free Segment Is A Major Contributor To The Mindfulness Meditation Apps Market
The free category will hold a major share of the global Mindfulness Meditation Apps market in 2021. This high percentage can be linked to customers' widespread use of paid apps. In addition, many app developers offer free and paid (in-app purchase) membership services. Additionally, just a few consumers—2–3 out of 50—show readiness to pay for premium apps. With growing disposable income and promoting products and services, more consumers are choosing premium apps. Therefore, this trend is likely to alter soon. However, throughout the forecast period, the value share of the paid (in-app purchase) service type segment is anticipated to increase due to the growing working population and rising disposable income.
The Android Segment Witnessed Growth At A Rapid Rate
The android segment is projected to grow rapidly in the global Mindfulness Meditation Apps market. The significant market for the Android operating system in developing countries explains this. The current trends supporting the market's expansion include regular updates and technological advancements in hardware and software, such as the incorporation of mindfulness meditation apps on smartphones and improvements to operational systems' visual and acoustic quality. This goal can be accomplished by efficiently enhancing the R&D operations of the corporations and further consolidating.
The North America Mindfulness Meditation Apps Market Holds A Significant Regional Revenue Share
The North America Mindfulness Meditation Apps market is expected to record the highest market share in revenue soon. With a deliberate focus on creativity and the development of cutting-edge technologies across many industries, Latin America, a comparatively smaller market for ICT, is progressively raising the technology growth ladder. Mexico is a powerhouse for technology in Latin America that is expanding quickly, and the nation has been luring foreign investments in the application of mindfulness meditation across all fields. For the study period, it is anticipated that the regional market for mindfulness meditation applications will be driven by adopting new technologies, higher internet penetration, and rising per capita spending.
In addition, the Asia Pacific region is anticipated to grow rapidly in the global Mindfulness Meditation Apps market position. The pandemic's increasing reliance on online media for healthcare is helping the market for mindfulness meditation applications to expand throughout the area.
Mindfulness Meditation Apps Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 522.21 Mn |
|
Revenue forecast in 2031 |
USD 7586.45 Mn |
|
Growth rate CAGR |
CAGR of 34.90% from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Operating System, Service Type And Age Group |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Calm, Headspace, Breathe, Insight Timer, Waking Up, Meditopia, BetterMe, Simple Habit, Aura Health, and Moov. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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