Mindfulness Meditation Apps Market Growth Opportunities and Future Scope by 2031

Rise in application of sensor technology and smartwatches, growing awareness related to stable mental health along with increasing government initiatives promoting yoga and meditation drive the growth of the global Mindfulness Meditation Application Market. However, the lack of app transparency restricts the market growth. Moreover, the surge in rapid smartphone penetration present new opportunities in the coming years.

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Based on operating system, the Android segment held the highest market share in 2021, accounting for more than half of the global mindfulness meditation application market, owing to huge demand for android users in developing nations. However, the iOS segment is estimated to maintain its leadership status throughout the forecast period, and is projected to manifest the highest CAGR of 13.1% from 2022 to 2031.

This type of operating system is widely popular in rich economies, as iOS users come from developed countries and those with economic affluence. The growing trend towards spirituality has also enabled Apple Inc. to recently develop its own health and fitness application. 

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Based on deployment model, the cloud based segment held the highest market share in 2021, accounting for more than two-thirds of the global mindfulness meditation application market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 13.1% from 2022 to 2031, due to rise in disposable income and growth in demand for new designs.

A cloud mindfulness meditation application is a virtual portal that runs in a cloud computing environment rather than a physical server. It is created, hosted, and provided online using a cloud computing infrastructure that can be accessed remotely. This factor drives the segment. The report also analyzes the on-premises segment.

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Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for nearly half of the global mindfulness meditation application market, and is likely to dominate the market during the forecast period. In addition, the same region is expected to witness the fastest CAGR of 12.7% from 2022 to 2031.

With the presence of mystic gurus and spiritual cultures established in the South Asian region from ancient times, there is expanding demand for the mindfulness meditation application market. The report also discusses regions including the North America, Europe, and LAMEA.

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Covid-19 Scenario

  • The outbreak of the Covid-19 pandemic had a positive impact on the global mindfulness meditation application market, owing to implementation of the global lockdown which dramatically increased the cases of mental disorders and raised the need for mind-calming applications to combat the tension and anxiety.
  • The pandemic’s effects are extensive and have benefited the market for mindfulness meditation application. During the lockdown, individuals were compelled to stay inside their homes and many lost their jobs during the pandemic. This gradually leads to a turn toward yoga, meditation, and spirituality. Since then, sensor technology-based health tracking applications, like those for mass customization and mindfulness meditation, have grown more quickly than before.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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