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Mindfulness Meditation Apps Market Steady Growth to be Witnessed by 2028
The market for mindfulness meditation application is poised to exhibit strong growth at a CAGR of ~8.5% during the time period of 2019-2029.


Fact.MR
BriefingWire.com, 7/11/2019 - According to a new research study by FactMR, the mindfulness meditation application market was valued at ~US$ 134 Mn in 2018, and is estimated to grow by ~7% Y-O-Y in 2019. Influenced by a multitude of factors, spanning from ubiquity of ‘self-care’ trend to growing practice of mental health exercises, the market for mindfulness meditation application is likely to see strong growth over the years to come. Growing preference for meditation as a viable method to unwind is serving as a major sales propellant of mindfulness meditation application market.

Heavy reliance on mobile applications for seamless management of daily routines is complementing growth strides of mindfulness meditation application market. Mindfulness is mainstreaming as a key element in reducing stress and nourishing tranquility, which is further creating revenue-making opportunities for brands. “Convergence of educational curriculums with mindfulness meditation sessions is one of the prominent trends making its mark, uplifting the revenues of companies offering mindfulness meditation or similar applications”, suggests the FactMR report.

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According to the report, enrollment in yoga sessions was prominent until meditations apps entered the fray, marking a new dawn for the mindfulness meditation application market. As an increasing number of people are perceiving self-care apps as a highly convenient and pragmatic approach, when compared to attending yoga classes, the application stores are witnessing a robust influx of meditation apps.

Corporate Spheres Turning to Meditation Apps – A Key Opportunity to Tap

High-performing workplaces, with a greater realization of importance of employee well-being, have also started incorporating meditation sessions and are highly relying on mindfulness meditation applications to achieve the same. Headspace, Calm, and other prominent players in market are eyeing profitable opportunities across corporate ecosystems. For instance, Headspace currently serves a clientele of nearly 250 corporates and the number is expected to grow exponentially in the near future. This trend has been prevalent for quite some time and is likely to intensify in the foreseeable years, as corporate offices have started overseeing employee well-being.

Mindfulness Meditation Apps Market research report Segmented By Adoption by Age Group (0 – 5 Years, 6 – 12 Years, 13 – 18 Years, 19 Years and Above), By Operating Systems (iOS, Android, Others), By Service Type (Paid, Free), & by Region (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA). - https://www.factmr.com/report/3075/mindfulness-meditation-apps-market

 
 
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