USD 86.8 million
Meditation Apps Market Size, Share, Growth Analysis, By Operating System(Android, IOS, Others), By Service(Free, Paid), By Age Group(6–12 Years Old, 13–18 Years Old, and 19 Above), By Region - Industry Forecast 2024-2031
Report ID:
SQSG25S2001 |
Region:
Global |
Published Date: July, 2001
Pages:
237
|Tables:
89
|Figures:
76
Meditation Apps Market Insights
Global Meditation Apps Market size was valued at USD 86.8 million in 2019 and is poised to grow from USD 97.6 million in 2023 to USD 307.1 million by 2031, growing at a CAGR of 12.4% in the forecast period (2024-2031).
A Meditation app is a program that teaches users how to meditate, relax, and achieve mental serenity in order to enhance their mental health. Meditation apps help users comprehend their own actions and emotions, as well as improve their self-awareness and self-regulation. Mental health illnesses such as mood disorders, anxiety, and mental stress are becoming more common among people of all ages as a result of environmental stress, increasing workload, and family problems. According to Perkbox, a Global Employee Benefits and Rewards Platform, 79% of working individuals in 2019 experienced work-related stress. This figure was 20% higher than in 2019 when it was 59%. As a result, a large population is turning to meditation applications to practice meditation in their daily lives. Workplace stress is the leading source of health concerns, followed by financial and family issues. For example, in the United States, 80% of working individuals are worried by their jobs, and 8 out of 10 Americans are impacted by stress. Furthermore, 526,000 working people in the United Kingdom are afflicted by job stress, despair, and anxiety. End-users are using meditation applications to seek serenity and reduce stress for a variety of reasons.
US Meditation Apps Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Android
Fastest Growth
Android
Growth Rate
12.4% CAGR
Global Meditation Apps Market ($ Mn)
Country Share for North America Region (%)
Country Share for Asia Pacific Region (%)
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Meditation Apps Market Segmental Analysis
The Global Meditation Apps Market is segmented by Operating System, Service, age group, and Region. Based on the Operating System, the Global Meditation Apps Market is segmented as Android, IOS, and Others. Based on the Service, the Global Meditation Apps Market is segmented as Paid and Free. Based on age group, the Meditation Apps Market is segmented into 6–12 Years Old, 13–18 Years Old, and 19 Above. Based on Region Meditation Apps Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Meditation Apps Market Analysis by Operating System
By operating system, the android segment accounted for the largest market share in 2021 and is expected to maintain its dominance over the forecast period. In most countries, Android is the dominating platform, while it has struggled to overtake Apple in Japan and the United States. It controls more than 85% of the market in nations such as Brazil, India, Indonesia, Iran, and Turkey.
Global Meditation Apps Market By Operating System
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Meditation Apps Market Regional Insights
In 2022, North America led the Meditation Apps Market and is anticipated to maintain its dominance throughout the forecast period (2022-2028). As meditation becomes more common in Americans' daily lives, people are looking for meditation applications on their smartphones to get the most out of the treatment. People are realizing that meditation are the best ways to de-stress and unwind.
The Asia Pacific is another promising region for meditation applications. The region's proximity to the therapy, as well as the rising acceptance of the therapy to combat everyday stress, are driving the growth of the Asia Pacific meditation app market.
Global Meditation Apps Market By Region
- Largest
- Fastest
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Meditation Apps Market Dynamics
Meditation Apps Market Driver
- Rising disposable income and technology advancements will have a significant impact on Meditation Apps Market trends. Furthermore, demand-supply dynamics will have an influence on the Meditation Apps Market's growth. Favorable government policies and an increase in consumer purchasing power would favorably impact the expansion of the Meditation Apps Market.
Meditation Apps Market Restraint
- The Meditation Apps Market will face challenges due to a lack of technical professionals and variations in raw material pricing. Furthermore, the COVID-19 epidemic, which has resulted in lockdowns, has slowed supply chain activity, putting a damper on the Meditation Apps Market.
- A significant difficulty that organizations in big markets confront is developing privacy and security models, as well as protocols to ensure the flow of demand and supply.
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Meditation Apps Market Competitive Landscape
Various businesses in the Meditation Apps Market are working on providing various features that will give them an advantage over their competition. The majority of businesses are concentrating on growth, investments, acquisitions, delivery, portfolio expansion, and brand development. Key firms also have a solid presence in the worldwide market with a huge consumer base, giving them an advantage over their competition.
Meditation Apps Market Top Player’s Company Profiles
- Calm
- Breethe
- Simple Habit
- 10% Happier
- Aura Health
- Headspace
- Insight Timer
- Journey Meditation
- Meditopia
- Mindfulness Coach
- MindShift
- Oak Meditation
- Smiling Mind
- Sattva
- Stop, Breathe & Think
- Ten Percent Happier
- The Mindfulness App
- Unplug Meditation
- Waking Up
- Yoga International
Meditation Apps Market Recent Developments
- In August 2021, Headspace, an English-American online meditation firm, and Ginger announced plans to collaborate. The two firms merged to become "Headspace Health," a USD 3 billion mental health enterprise.
- In June 2021, Alium NFT and Syntuition, Europe's leading meditation app, announced a partnership. With the assistance of Alium NFT Marketplace, the innovative approach to development is projected to introduce new items into the NFT market.
- In October 2021, Breethe, a worldwide meditation app, announced a partnership with WW International, Inc., a human-centric technology business driven by the world's best commercial weight control program, to raise awareness about stress management and the importance of attitude in instilling a healthy lifestyle.
Meditation Apps Key Market Trends
- With millennials' preference for a healthy lifestyle, the demand for meditation applications has grown. Work-life stress and a slew of personal and social commitments that sap daily vitality and disrupt sleep are fueling an increase of interest in meditation. According to University of Pennsylvania School of Medicine research, approximately one in every four Americans suffers from acute insomnia.
- The two digital app marketplaces, the iOS App Store and Google's Play Store have both played important roles in the development of the meditation app industry. These app shops are becoming crucial platforms for making meditation apps available to both novice and experienced practitioners.
- Attractive features integrated in meditation apps is gaining traction. The features include the generation of reports, reminders, and personalized charts, which attracts users and increases the need for such applications.
Meditation Apps Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. The report talks in detail about Meditation Apps Market share, Meditation Apps Market sales, Meditation Apps Market trends, Meditation Apps Market drivers, Meditation Apps Market key players, and Meditation Apps Market segmentation.
According to our analysis, the popularity of free meditation applications is projected to skyrocket. Because free applications are easy to test, utilize, and experiment with, people prefer them. It benefits both the users and the firm. Because free apps do not need payment, it is easy for the user to uninstall the app as needed. During the assessment period, free meditation applications are expected to generate around 40% of the income.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 86.8 million |
| Market size value in 2031 | USD 307.1 million |
| Growth Rate | 12.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Meditation Apps Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Meditation Apps Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Meditation Apps Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Meditation Apps Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Meditation Apps Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Meditation Apps Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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