North America Indoor Cycling Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Session Type, Application, and Subscription Type

According to a new market research study on “North America Indoor Cycling Software Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Session Type, Application, and Subscription Type” is expected to reach US$ 90.80 million by 2027 from US$ 50.15 million in 2019. The market is estimated to grow at a CAGR of 7.8 % from 2020 to 2027. The report provides trends prevailing in the North America indoor cycling software market along with the drivers and restraints pertaining to the market growth. Rising demand among commercial fitness centers for enhanced customer experience and integration of modern technologies for improved capabilities are the major factor driving the growth of the North America indoor cycling software market. However, accessibility of free software options and scarcity of awareness hinder the growth of North America indoor cycling software market.

Further, in case of COVID-19, North America is highly affected specially the US. Presently, North America is the largest market of indoor cycling software. The region is characterized by the presence of developed nations such as US and Canada, where the demand of technology solutions & services is quite high owing to the huge presence of companies from various industry sectors. Indoor cycling industry has been flourishing at an impressive pace in the US due to high adoption among commercial and individual end-users which has affected the North America indoor cycling software market. With more and more companies continuing to adopt remote working and increasing consumption/demand for online content/social media, the demand for indoor cycling software among end-users has seen an increase in the past few months. The COVID - 19 outbreak has a positive impact on the growth of some industries such as video conferencing, desktop virtualization, and online media & entertainment streaming. Hence, it is anticipated that COVID-19 crisis will impact the growth North America indoor cycling software market in a positive manner.

The North America market for indoor cycling software is segmented into session type, application, subscription type, and country. Based on session type, the indoor cycling software market is divided into solo and group. The solo segment is projected to be the largest segment over the forecast period from 2020 to 2027 but group segment is expected to be fastest growing segment. On the basis of application, the market is divided into professional training and health & fitness. The professional training segment contributed a substantial share in 2019, and it is also anticipated to be the fastest growing application. Based on subscription type, the market is divided into monthly subscription and annual subscription. The monthly subscription segment held the largest share whereas annual subscription segment is anticipated to be fastest growing owing to cost saving benefits of such plans.

SpiviTech Ltd.; Stages Indoor Cycling LLC; TrainerRoad, LLC; Wahoo Fitness; Zwift Inc. are among the leading companies in the North America indoor cycling software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, TrainerRoad introduced group workouts, which enables the user to train with their friends and achieve their goals. The group workouts have a limit of 11 users and allow them to do the same workout while sharing voice, video, and data to have a built-in support system.

The report segments the North America Indoor Cycling Software Market as follows:

North America Indoor Cycling Software Market - By Session Type

• Solo
• Group

North America Indoor Cycling Software Market - By Application

• Professional Training
• Health & Fitness

North America Indoor Cycling Software Market - By Subscription Type

• Monthly Subscription
• Annual Subscription

North America Indoor Cycling Software Market - By Country

• US
• Canada
• Mexico

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