JERSEY CITY, NJ, March 20, 2023 (GLOBE NEWSWIRE) — InsightAce Analytic Pvt. ltd Announces the Release of a Market Assessment Report on “Global Mindfulness Meditation Apps Market Size, Share & Trends Analysis Report By Product (Artificial Intelligence, Scanner, Software, Storage), Type (Human, Veterinary), Application (Teleconsultation, Training, Disease Diagnosis, Drug Research), End Users (Pharma, Science, Hospitals) – Market Outlook and Industry Analysis 2031”
The global mindfulness meditation apps market is estimated to be over USD 7586.45 million by 2031, growing at a CAGR of 34.90% during the forecast period.
Mindfulness Meditation applications for Android and iOS are designed to help users increase awareness through meditation. In other words, practicing mindfulness, practiced through both free and paid apps on smartphones, allows us to better understand our actions and feelings, enjoy a moment of stillness, and our happiness, serenity, and feeling to increase calm. It also helps in the treatment of mental illness. Increasing cases of mood disorders across all age groups, increasing disposable income and increasing app knowledge are the main drivers of the industry expansion.
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Mindfulness meditation apps typically assist in enhancing self-control, awareness of mindfulness, and other processes that are likely to open up new potential for targeting end-users and increasing app content. Children are increasingly confronted with higher levels of stress, anxiety, and specific emotional and social issues due to the ever-expanding educational environment. As a result, educational institutions are now demanding mindfulness meditation apps. Thanks to the introduction of mindfulness meditation apps or programs in educational settings, children are developing a lifelong ability to be more mindful, personal, resilience, and perseverance. With the use of technology, meditation is becoming more human-centric, fueling market growth and adoption rates.
Many meditation methods are currently being developed and are already in use. However, the most popular technology among meditators is the mindfulness meditation app. Most smart devices including phones, tablets, laptops, PCs and even TVs allow applications to be downloaded. The increasing demands of study, schooling and employment on the young population are having a significant impact on mental health, driving the demand for mindfulness meditation and expanding the market.
Recent Developments:
• In September 2020, Insight Timer begins a multilingual relationship with philanthropist, environmentalist and meditation enthusiast Gisele Bundchen. In October, to celebrate Anxiety and Depression Awareness Month, Bundchen will use Insight Timer’s new in-app live streaming feature to interact with her followers in real-time.
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List of Major Players in Mindfulness Meditation Apps Market:
Aura HealthBetter MeBreathe, & Think PBCCalm.com, Inc.EdutopiaHeadspace, Inc.Inner Explorer, Inc.Insight TimerMeditation Moments BVMindfulness Everywhere Ltd.MoodSimple Habit, Inc.Smiling MindTen Percent HappierThe Mindfulness AppWaking Up
Scope of Mindfulness Meditation Apps Market Report:
Report AttributeSpecificationsMarket Size Value in 20225$22.21MRevenue Forecast in 20317586.45MGrowth Rate CAGRCAGR of 34.90% from 2023 to 2031Quantitative Units Presentation of Revenue in Millions The Company, Competitive Market Statistics, Growth Prospects and TrendsSegments CoveredOperating System, Service Type and Age GroupRegional ScopeNorth America; Europe; Asia Pacific; Latin America; Middle East and AfricaRegionU.S.; Canada; UNITED KINGDOM; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia
Table of contents of the report:
Chapter 1. Methodology and Scope
1.1. research methodology
1.2. Research Scope and Assumptions
Chapter 2. Summary
Chapter 3. Global Mindfulness Meditation Apps Market Overview
Chapter 4. Global Mindfulness Meditation Apps Market Variables, Trends and Scope
4.1. Market Segmentation and Scope
4.2. driver
4.3. challenges
4.4. tendencies
4.5. Investment and financing analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive landscape and market share analysis
4.8. Impact of the Covid-19 analysis
Chapter 5. Market Segmentation 1: By Operating System Estimates and Trend Analysis
5.1. by operating system and market share, 2019 and 2031
5.2. Market Size (Value (Million USD)) & Forecasts and Trend Analysis, 2019 to 2031 for the following by Operating System:
5.2.1. Android
5.2.2. iOS
5.2.3. Other
Be continued…
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Market Dynamics:
Driver-
The market for mindfulness meditation applications is expected to grow due to several factors, including the increasing prevalence of mood disorders among people of all ages and the rising purchasing power of the population in many developed and emerging countries. Increasing consumer awareness of the existence of such apps is also stimulating the market for mindfulness meditation applications. The ability of several mindfulness meditation applications to assist in strengthening identity and self-regulation has led to an increase in their popularity in recent years. This factor creates the potential for mindfulness meditation apps to generate revenue for the industry. The emergence of mindfulness meditation apps designed to help millennials deal with their worry, stress and sadness has significantly increased the number of app downloads in the global market. Additionally, social media and digital technologies have greatly influenced millennials, encouraging them to adopt mindfulness meditation apps to keep their daily lives running smoothly.
Challenges:
A number of issues, including low app accessibility, brand awareness among new competitors, high subscription prices, and market monopoly by large corporations, are constraining the global market. In recent years, the total number of paid and free users of mindfulness meditation applications has increased massively. Most of these customers are new users who may need help with app operations and transparency due to factors such as the lack of an app guide, access restrictions, privacy policies, and product offerings. The mindfulness meditation app market may need more app transparency to retain or attract new users.
Regional trends:
The North American mindfulness meditation app market is expected to capture a large market share. Due to its significant industrial capacity, strong government programs to encourage innovation and high purchasing power, North America is one of the most important regions for the introduction and expansion of new technologies. Due to the large number of immigrants transiting the area, the lack of a curfew in the region, and the simultaneous presence of many virus carriers, COVID-19 had a significant impact on North America, leading to rapid spread. Also, the Asia-Pacific region had a significant market share. India is on par with the rest of the world in adopting health and wellness internet technologies such as mindfulness meditation applications. Many app developers in the most developed market have already set up manufacturing and production facilities. As a result, India has risen to prominence in the technological world, and South Asia’s mindfulness meditation app revenue has hit all-time highs.
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Segmentation of Mindfulness Meditation Apps Market –
By operating system
By service type
By age group
6-12 years old 13-18 years old 19 above
By Region-
North America-
Europe-
Germany Great Britain France Italy Spain Rest of Europe
asia pacific
ChinaJapan IndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
Latin America-
Brazil Argentina Rest of Latin America
Middle East & Africa-
GCC countries South Africa Rest of Middle East and Africa
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