According to Fact. MR estimates, that the global demand for mindfulness meditation applications is projected to reach a market size of USD 180 Mn by 2032. The main factor contributing to the popularity of mindfulness meditation applications is anticipated to be the rise in cases of depression, mood disorders, and anxiety.
Students in high school and college have also taken an interest in these apps because they help them focus and develop a sense of calm. Additionally, the COVID-19 outbreak has increased demand for such apps.
By 2021, the demand for mindfulness meditation applications will have grown by 8%, per Fact MR’s estimate. Youth today are more likely to have unhealthy lifestyles, which hurts the person.
Important conclusions from the market study
• By type, demand for free mindfulness meditation apps is expected to increase, accounting for 40% of revenue share.
• Concurrently, demand for paid mindfulness meditation apps is anticipated to increase at a CAGR of around 8%.
Through 2031, rising anxiety levels in the US will boost consumption nationwide, with a CAGR of over 5%. Due to the prevalence of yoga in India, usage is expected to rise by over 7%.
Benefits of the Report & Key Questions Addressed
• Category And Segment Level Analysis For Mindfulness Meditation Apps: Fact The elements driving sales growth across various segments are thoroughly examined by MR. It highlights important growth factors and offers helpful data for locating local and regional sales opportunities.
• Apps for mindfulness meditation are growing in popularity. The market for mindfulness meditation apps is thoroughly examined in the report’s examination of manufacturing trends. The biggest benefit for users is how simple it is to use mindfulness meditation applications from the comfort of their own homes. Features like audio, films, live interactivity, and individualized guidance sessions are anticipated to increase their popularity among young people.
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