Report : North America Mindfulness Meditation Application Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Operating System (iOS, Android, and Others) and End User (Individual and Corporate)
At 30.7% CAGR, the North America Mindfulness Meditation Application Market is speculated to be worth US$ 1,082.34 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America mindfulness meditation application market was valued at US$ 217.03 million in 2022 and is expected to reach US$ 1,082.34 million by 2028, registering an annual growth rate of 30.7% from 2022 to 2028. Growing awareness about meditation and rising integration smart are the critical factors attributed to the market expansion.
Integration of technology into meditation makes it more human-centric, increasing the adoption rates and driving the market. There are a wide variety of meditation techniques currently being developed and already in use. However, the mindfulness meditation application is the most popular technology among those who meditate. Applications can be downloaded to most smart devices such as phones, tablets, laptops, computers, and even TVs. Therefore, consumers can use meditation apps wherever they go, allowing users to meditate in a busy environment. For example, Buddhify is a meditation and mindfulness Application designed for diversity. It depends on the user and their specifications. For example, a user can tell the app what activity they are currently doing and provide a suitable meditation session for the user based on their current environment. Technologies in the form of binaural beat music and sound charts make deep delta states more accessible. Perhaps one of the most beneficial properties that technology brings to meditation is its ability to help the user reach a meditative state faster. This is especially important for those new to meditation because it encourages users to experience meditation's benefits effectively and return to it for mental, physical, and spiritual nourishment. Hence, the rising integration of smart technologies is driving the market.
On the contrary, concerns regarding privacy of users' information and increased cyber-attack hurdles the growth of North America mindfulness meditation application market.
- Based on operating system, the mindfulness meditation application market is segmented into iOS, Android, and others. The iOS segment is expected to hold largest market share in 2022 with a share of 55.2%, amassing US$ 119.72 million. It is projected to garner US$ 625.25 million by 2028 to expand at 31.7% CAGR during 2022–2028.
- Based on end user, the market is segmented into individual and corporate. Individual segment held the larger market share in 2022, with a share of 61.9%, amassing US$ 134.43 million. It is projected to garner US$ 651.88million by 2028 to expand at 30.1% CAGR during 2022–2028.
Our regional analysis states that the US captured 84.3% market share in 2022. It was assessed at US$ 182.91 million in 2022 and is likely to hit US$ 924.32 million by 2028, exhibiting a CAGR of 31.0% during the forecast period.
Key players dominating the North America mindfulness meditation application market are Breethe; Headspace; Inner Explorer, Inc.; Simple Habit, Inc; and Ten Percent Happier.
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