Mindfulness Meditation Apps Market worth US$ 153.6 Million 2020 with a CAGR of 8.3%
The mindfulness
meditation apps market accounted for US$ 341.9 million in
2029 and is projected
to register a moderate CAGR over the forecast period. The report "Global Mindfulness Meditation Apps Market, By Operating
System (IOS, Android, and Others), By Service Type (Paid and Free), and By
Region (North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa) - Trends, Analysis and Forecast till 2030.
Key Highlights:
·
On May 2017, Committee for Children (CFC), the global
leader of research-based social-emotional learning curricula, announced the
launch of Mind Yeti for iPhone and iPad. It’s a free app which teaches
mindfulness to children aged 5–12 using fun, engaging stories,
kid-friendly characters, and sounds and voices. Designed for teachers and
parents to use with the kids in their lives, Mind Yeti for iPhone and iPad
features guided audio sessions that help kids focus, calm down, go to sleep,
and connect better with the people around them.
·
In March 2019, Committee for Children (CFC) announced
that it is developing a new social-emotional learning (SEL) program for summer
camps, after-school care, and other learning environments beyond the classroom,
through support provided by The Wallace Foundation.
Analyst View:
Due to increasing levels of stress and shrinking level of
attention among consumers, they are actively relying on smart applications for
relief. This, in turn, leads to drive growth of the global mindfulness
meditation apps market. Convergence of academic curriculum and mental health
education is bringing new opportunities for market players to boost growth of
the target market. Universities and schools are utilizing such apps to rewire
the learning capabilities of students and help them thrive in academics.
Companies involved in mindfulness meditation application
market are paying attention to roll-out new characteristics which are driving
consumer convenience. Furthermore, brands are focusing on launching smart
features, such as individual sound timers and sound volume, which would be
active in weaving fruitful customer experiences. Additionally, key players are
also depending on A/B testing to study user responses to variants of in-app
experiences. Companies involved in mindfulness meditation application market
continue to hinge on strategic collaborations and partnerships in a bid to reap
benefits from shared capabilities and resources.
Browse 60 market data tables* and
35 figures* through 140 slides and in-depth TOC on “Global Mindfulness Meditation Apps Market”, By Operating System (IOS, Android, and Others), By
Service Type (Paid and Free), and By Region (North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and
Forecast till 2030
Key Market Insights from the
report:
The market report has been segmented on the basis of
operating system, service type, and region.
·
By operating system, the target market is segmented into
IOS, Android, and Others
·
By service type, the target market is segmented into paid
and free
·
By region, North American is providing lucrative
opportunities for expansion and several market players are expected to benefit
mindfulness meditation apps market. Increased smartphone penetration, internet,
& broadband, coupled with growing customer demand for anywhere and anytime
access to content and products is driving growth of the target market in this
region. Growing wealth and expansion of innovative Service Type trends are
expected to propel the adoption of products and services in the ICT sector in
the U.S.
Competitive Landscape:
The prominent player operating in the global mindfulness
meditation apps market includes Mindfulness Everywhere Ltd., Committee for
Children, Ten Percent Happier, Smiling Mind, Deep Relax, Inner Explorer, Inc.,
Insights Network, Inc., Stop, Breathe, & Think PBC, and Simple Habit, Inc.
The market provides detailed information regarding
industrial base, productivity, strengths, manufacturers, and recent trends
which will help companies enlarge the businesses and promote financial growth.
Furthermore, the report exhibits dynamic factors including segments,
sub-segments, regional marketplaces, competition, dominant key players, and
market forecasts. In addition, the market includes recent collaborations,
mergers, acquisitions, and partnerships along with regulatory framework across
different regions impacting the market trajectory. Recent technological
advances and innovations influencing the global market are included into the
report.
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