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Fitness App Market is projected to reach USD 30.63 Billion by 2030, growing at a CAGR of 21.5%: Straits Research

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New York, United States, June 16, 2022 (GLOBE NEWSWIRE) — Customers can get individualized exercise routines using fitness apps that use artificial intelligence, machine learning, and other technologies. These apps also give individual health coaches and no-equipment fitness programs, personalized diet charts, diet monitoring, and step tracking. Due to the COVID-19 pandemic, which led to widespread lockdowns and social distancing rules, a shift from traditional studios and gyms to virtual fitness has occurred. Hence, the number of fitness apps downloaded and used has skyrocketed.

High Penetration of Smartphones to Drive the Global Fitness App Market

Consumers’ increasing use of smartphones is fueling the proliferation of various fitness apps on the market. In addition, continual network infrastructure improvements and increased network coverage are driving up demand for fitness apps. Due to the expanding popularity of smartphones and increased awareness of fitness, mobile network carriers see mHealth as an investment potential. As the number of people who own smartphones grows, so will the number of people who use fitness apps.

In 2017, JMIR mHealth and uHealth published a study that found that 45.5% of the sample size (in terms of population) used fitness apps on their cellphones. Smartphone technological advances for better live sessions are also predicted to fuel market growth. Smartphones also have advantages like colossal storage capacity, ease of use, and portability, making them excellent for monitoring and activity tracking applications. The demand for smartphones in the market is driven by rising affordability and lower hardware costs. Due to the increasing penetration of mobile phones in low-income countries, mHealth is rapidly gaining traction, facilitating the adoption of fitness apps.

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Growing Use of Wearable Devices to Provide New Market Opportunities

A wearable fitness gadget tracks and compiles user activity data, which is then synchronized with a fitness app. According to a Pew Research Center research published in June 2019, roughly 21% of people in the United States use a wearable gadget. Like most digital technologies, Wearable device adoption is influenced by socioeconomic factors such as income, education, and occupation. According to the same report, over 31% of people with a household income of USD 75,000 or more per year use wearable fitness devices, while only 12% of people with a household income of USD 30,000 or less per year use them.

Wearable device adoption is projected to drive the market during the forecast period. According to a report published in the Economic Times, global consumer spending on wearable gadgets would grow by 18.1% in 2021 over 2020. In 2020, consumer spending on smartwatches and bright patches will climb by 17.6% and 20.3%, respectively. This expansion is fueled by the addition of new users who are beginning to follow a fitness regimen.

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Regional Analysis

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North America dominated the global fitness app market in 2021. It is estimated to reach an expected value of USD 10,740 million by 2030 at a CAGR of 20.5%. Growing awareness of fitness and daily health monitoring has resulted in a rise in fitness app usage and a considerable increase in new participants. Various reasons are driving the growth of the fitness app market in North America, including the rapid growth in smartphone usage, the expansion of coverage networks, the rise in the prevalence of chronic diseases, and the rise in the senior population.

Exercise and weight reduction applications will see substantial growth in North America through video exercises and connected devices with various training platforms. Due to the rising prevalence of diabetes, obesity, and cardiovascular illnesses in North America, this segment market is predicted to rise. The number of mergers, acquisitions, and product releases has increased recently, positively impacting the mHealth app business.

Asia-Pacific is expected to be the fastest-growing region in the market, accounting for USD 10,955 million by 2030 at a CAGR of 23%. As cellphones become more affordable, more people use them to access various fitness programs. Factors such as increased healthcare costs, rising obesity rates, and an increased number of athletes drive governments and corporate groups to develop new fitness models.

The Europe fitness app market is anticipated to grow significantly during the forecast period. It is estimated to reach an expected USD 8,755 million by 2030 at a CAGR of 22.4%. In Europe, fitness apps and related services are introduced, emphasizing activity tracking, training regimens, calorie tracking, diet, and nutrition charts. This can be linked to rising consumer demand for fitness and workout apps, increased knowledge about healthy lifestyles, and the expanding number of fitness centers and clubs.

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Key Highlights

  • The global fitness app market was worth USD 6,700 million in 2021. It is estimated to reach an expected value of USD 30,635 million by 2030 at a CAGR of 21.5% during the forecast period (2022–2030).
  • Based on type, the global fitness app market is divided into exercise and weight loss, diet and nutrition, and activity tracking. The activity tracking segment is the fastest-growing segment in the market. It is estimated to reach an expected value of USD 9440 million by 2030 at a CAGR of 23%. Jawbone, Fitbit, and Nike are among the leading brands in the fitness activity monitoring sector.
  • Based on platforms, the global fitness app market is categorized into Android, iOS, and others. Android is expected to be the fastest-growing platform over the forecast period. It is estimated to reach an expected value of USD 19,005 million at a CAGR of 22.7% by 2030. Owing to the increasing adoption of smartphones globally and the rising number of android users at a rapid rate, this segment is expected to register a lucrative growth during the forecast period.
  • Based on devices, the global fitness app market is differentiated into smartphones, tablets, and wearable devices. The wearable devices segment is expected to grow at the fastest growth rate during the forecast period. It is estimated to reach an expected value of USD 8,230 million by 2030 at a CAGR of 22.6%. This growth can be attributed to the increased use of wearables among all age groups. High adoption of wearable devices by people in the US is expected to drive the market over the forecast period.

Competitive Landscape

The key market players are

  • Adidas
  • Appster
  • FitnessKeeper
  • Fitbit Inc
  • Azumio Inc.
  • MyFitnessPal Inc
  • Noom
  • Nike
  • Under Armour Inc
  • WillowTree Inc
  • Polar Electro
  • Kayla Itsines
  • Google
  • Fooducate
  • ASICS America Corporation

  

Global Fitness App Market: Segmentation

 By Type

  • Exercise and Weight Loss
  • Diet and Nutrition
  • Activity Tracking

By Platform

  • Android
  • iOS
  • Others

 By Devices

  • Smartphones
  • Tablets
  • Wearable Devices

 By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Why rely on the traditional approach to study the market when you have a concise report to make your work easy?

We at Straits Research produce high-quality, authenticated, and genuine market reports with in-depth analysis to study each and every aspect of the global market.

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With our reports, understand the market better through the latest versions of data presentation, unlike the conventional excel sheets and data pointers.

Study the market happenings in a more dramatic and exciting way through interactive dashboards and graphical representations, which will make you understand the market easily with approximate facts and figures.

Visit Straits Research to get a FREE Sample Report and know-how we interactively present the data, unlike the traditional sheets with immense data that makes it havoc of a task to understand.

TABLE OF CONTENT

1          Introduction

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1.1      Market Definition

1.2      Market Scope

2          Research Methodology

2.1      Primary Research

2.2      Research Methodology

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2.3      Assumptions & Exclusions

2.4      Secondary Data Sources

3          Executive Summary

4          Market Overview

4.1      Report Segmentation & Scope

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4.2      Value Chain Analysis: Fitness App Market

4.2.1  Vendor Matrix

4.3      Key Market Trends

4.3.1  Drivers

4.3.2  Restraints

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4.3.3  Opportunities

4.4      Porter’s Five Forces Analysis

4.4.1  Bargaining Power of Suppliers

4.4.2  Bargaining Power of Buyers

4.4.3  Threat of Substitution

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4.4.4  Threat of New Entrants

4.4.5  Competitive Rivalry

4.5      Environment & Regulatory Landscape

4.6      Forecast Factors & Relevance of Impact

4.7      Macro-Economic & Geopolitical Scenario

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4.8      Parent Market Overview

4.9      Technology Landscape

4.10   Market Share Analysis

4.11   Potential Venture Analysis

4.12   Regional Price Trends

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4.13   Raw Material Trends

4.14   Cost Structure Analysis

4.14.1            Labor Cost

4.14.2            Consumables

4.14.3            Maintenance Cost

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4.15   Covid-19 Impact Analysis:

4.15.1            Pre and Post Covid-19 Market Scenario Analysis

4.15.2            Market Recovery Timeline and Challenge

4.15.3            Measures Taken by Top Players

4.15.4            Quarterly Market Revenue and Growth Forecast till 2021

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4.15.4.1        North America

4.15.4.2        Europe

4.15.4.3        Asia-Pacific

4.15.4.4        Central and South America and the Caribbean

4.15.4.5        The Middle East and Africa

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5               Type Overview

5.1      Introduction

5.1.1  Market Size & Forecast (Value & Volume)

5.2      Exercise and Weight Loss

5.2.1  Market Size & Forecast (Value & Volume)

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5.3      Diet and Nutrition

5.3.1  Market Size & Forecast (Value & Volume)

5.4      Activity Tracking

5.4.1  Market Size & Forecast (Value & Volume)

6               Platform Overview

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6.1      Introduction

6.1.1  Market Size & Forecast (Value & Volume)

6.2      Android

6.2.1  Market Size & Forecast (Value & Volume)

6.3      iOS

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6.3.1  Market Size & Forecast (Value & Volume)

6.4      Others

6.4.1  Market Size & Forecast (Value & Volume)

7               Device Overview

7.1      Introduction

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7.1.1  Market Size & Forecast (Value & Volume)

7.2      Smartphones

7.2.1  Market Size & Forecast (Value & Volume)

7.3      TABLEts

7.3.1  Market Size & Forecast (Value & Volume)

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7.4      Wearable Devices

7.4.1  Market Size & Forecast (Value & Volume)

8             Regional Overview

8.1      Introduction

8.1.1  Market Size & Forecast (Value & Volume)

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8.2      North America

8.2.1  Economic Overview

8.2.2  Market Scenario

8.2.3  U.S.

8.2.4  Canada

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8.2.5  Mexico

8.3      Central and South America and the Caribbean

8.3.1  Economic Overview

8.3.2  Market Scenario

8.3.3  Brazil

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8.3.4  Argentina

8.3.5  Colombia

8.3.6  Rest of Central and South America and the Caribbean

8.4      Europe

8.4.1  Economic Overview

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8.4.2  Market Scenario

8.4.3  Germany

8.4.4  France

8.4.5  The U.K.

8.4.6  Italy

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8.4.7  The Rest Of Europe

8.5      Asia-Pacific (APAC)

8.5.1  Economic Overview

8.5.2  Market Scenario

8.5.3  China

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8.5.4  Japan

8.5.5  India

8.5.6  Australia

8.5.7  South Korea

8.5.8  Rest Of APAC

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8.6      Middle East

8.6.1  Economic Overview

8.6.2  Market Scenario

8.6.3  South Arabia

8.6.4  The UAE

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8.6.5  Qatar

8.6.6  Oman

8.6.7  Turkey

8.6.8  The Rest Of Middle East

8.7      Africa

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8.7.1  Economic Overview

8.7.2  Market Scenario

8.7.3  Nigeria

8.7.4  South Africa

8.7.5  The Rest Of Africa

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9          Competitive Landscape — Manufacturers & Suppliers

9.1      Competition Dashboard

9.2      Industry Structure

9.3      Adidas

9.3.1  Business Overview

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9.3.2  Financial Performance

9.3.3  Recent Developments

9.3.4  Portfolio

9.4      Appster

9.5      FitnessKeeper

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9.6      Fitbit Inc

9.7      Azumio Inc.

9.8      MyFitnessPal Inc

9.9      Noom

9.10   Nike

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9.11   Under Armour Inc

9.12   WillowTree Inc

9.13   Polar Electro

9.14   Kayla Itsines

9.15   Google

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9.16   Fooducate

9.17   ASICS America Corporation.

10       Conclusion & Recommendation

11       Acronyms & Abbreviations

Read the full Report Description with Table of Content and Figure @ https://straitsresearch.com/report/fitness-app-market/toc

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Market News

  • In March 2022, ASICS announced the expansion of its FrontRunner team in the Middle East, with new teammates from the UAE, Kuwait, KSA, and Qatar joining the passionate global running community.
  • In November 2021, ASICS announced its partnership with Dubai Creek Striders (DCS) ahead of the iconic Johnson Arabia Dubai Creek Striders Half Marathon and 10km run. A much-loved community running event that invites all ages and abilities to participate in its annual race, the half-marathon took place on December 3, 2021. The collaboration between ASICS and DCS stands as part of ASICS’ brand ethos to uplift the community through movement. 

News Media

The Increase in Awareness Towards Health and Fitness Spur the Global Wearable Healthcare Devices Market

Technology Driven Advancements to Boost the Therapeutics Apps Market Growth

Robust Spa Industry in North America to Surge the Consumption of Aromatherapy Diffusers      

Have a Look at the Related Research Report

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About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

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Artificial Intelligence

Actian Launches Zen 16.0, the Next Generation Database for Edge Computing

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Latest Zen Edition Delivers Secure, Modular, and Scalable Edge Data Solutions with Seamless Synchronization from Edge to Cloud
ROUND ROCK, Texas, June 17, 2024 /PRNewswire/ — Actian, the data and analytics division of HCLSoftware, today announced the launch of Actian Zen 16.0, the newest version of its innovative embedded database. To help businesses run faster, smarter applications on the edge, Zen 16.0 is designed for real-time data processing across mobile, IoT devices, edge gateways, and complex machinery.

Actian developed Zen 16.0 to capture the growing demand for edge computing. IDC predicts edge computing will account for $232 billion in spending this year*. Zen 16.0 simplifies and optimizes edge computing for resource-constrained environments that range from industrial IoT and connected healthcare to smart cities. Actian Zen 16.0 introduces performance enhancements and new features designed to improve efficiency and functionality for the more than 13,000 organizations currently using Zen, as well as attracting new customers.
“Actian Zen16.0 is designed to meet the needs of modern embedded systems and edge computing,” said Emma McGrattan, senior vice president of engineering and product at Actian. “Its secure and scalable design allows for easy data synchronization with Zero-ETL, making it perfect for developers creating intelligent applications that can deliver real-time decisioning from edge to cloud to give a business competitive advantage.”
Zen 16.0 delivers the small footprint with fast read and write access and automatic administration that resource-constrained environments require. Zen16.0 addresses the need to support high-performance intelligent applications with minimal administration, particularly for frequent data update use cases like sensor data collection to monitor patient well-being or asset management tracking using RFID scanners.
Zen 16.0 ensures seamless data synchronization from edge to cloud, supports both SQL and NoSQL data access, and leverages popular programming languages to empower developers in building low-latency embedded applications.
“Actian Zen provides a high performance, lightweight, and self-managed embedded database for our business,” said Trent Maynard, Director of Product & Engineering at Global Shop Solutions. “Zen continues to deliver exactly what we need and we’re enthusiastic about the new capabilities of Zen 16.0 to empower our business operations even further.” 
Detailed here, Zen 16.0 includes improved L2 cache sizing, page preload for large data files, Kafka data stream support, EasySync – a new datasync utility, enhanced JSON support, Btrieve2 Python package, Docker and Kubernetes container support, and extended index key length.
*Source: IDC Press Release, New IDC Spending Guide Forecasts Edge Computing Investments Will Reach $232 Billion in 2024, March 2024
About Actian
Actian makes data easy. We deliver cloud, hybrid, and on-premises data solutions that simplify how people connect, manage and analyze data. We transform business by enabling customers to make confident, data-driven decisions that accelerate their organization’s growth. Our data platform integrates seamlessly, performs reliably, and delivers industry-leading speeds at an affordable cost. Actian is a division of HCLSoftware.
Media Contacts
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Artificial Intelligence

Application Security Market worth $55.0 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 17, 2024 /PRNewswire/ — The global Application Security Market to grow from USD 33.7 billion in 2024 to USD 55.0 billion by 2029 at a compound annual growth rate (CAGR) of 10.3% during the forecast period, according to a new report by MarketsandMarkets™. The application security (AppSec) market is expanding rapidly due to the growing reliance on applications and the escalating threat of cyberattacks. The increasing frequency and sophistication of these attacks are driving the demand for strong AppSec solutions, a trend likely to persist. As organizations shift to cloud-based applications, new security challenges arise, requiring AppSec solutions that can adapt and provide robust controls. AppSec vendors are creating user-friendly tools that integrate smoothly with developer workflows, promoting an early vulnerability detection approach. Small and medium-sized enterprises (SMEs) and organizations with limited security resources are turning to Managed Security Service Providers (MSSPs) for affordable expertise and tools. The extensive use of open-source software (OSS) also presents unique security issues, leading to the evolution of AppSec solutions to effectively secure open-source code.

Browse in-depth TOC on “Application Security Market”
200 – Tables 50 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110170194
Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Type, By Component, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Application Security Market include IBM (US), HCL (India), Synopsys (US), Microfocus (UK), Capgemini (France), Onapsis (US), Cloudflare (US), Guardsquare (Belgium), Checkmarx (US), Fortinet (US), Checkpoint (Israel), Broadcom (US), Palo Alto Networks (US), Qualys (US), Rapid7 (US)
By Component, the services segment will grow at the highest CAGR during the forecast period.
The cybersecurity skills gap persists as a significant challenge, but AppSec services offer a solution by providing access to experienced security professionals who can design, implement, and manage effective application security programs. These services bring specialized expertise in areas like penetration testing, security code reviews, and vulnerability assessments, complementing standard solutions and addressing complex security challenges. Navigating data privacy regulations and industry-specific security standards can be daunting, but AppSec services provide compliance guidance, helping organizations efficiently meet regulatory requirements. Managed Security Service Providers (MSSPs) play a crucial role in the AppSec services market, offering comprehensive security solutions such as AppSec assessments, vulnerability management, and ongoing monitoring, which is cost-effective and beneficial for organizations with limited security resources. AppSec services are also evolving to integrate seamlessly with DevSecOps workflows, allowing security professionals to collaborate with developers in identifying and addressing vulnerabilities early in the development lifecycle. Moreover, these services increasingly include security awareness training programs to educate employees on recognizing and mitigating security threats, complementing technical controls with essential human vigilance.
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By Type, the Mobile Application Security segment will grow at a higher CAGR during the forecast period.
The mobile application security segment within the broader application security (AppSec) market is experiencing rapid growth due to the widespread use of smartphones and the proliferation of mobile apps. With an ever-increasing number of mobile applications across diverse industries, ensuring their security has become a paramount concern. The trend of Bring Your Own Device (BYOD) further complicates security efforts, as personal devices may lack the same level of security controls as corporate-issued ones. Mobile AppSec solutions must address these concerns while complying with data privacy regulations governing the collection and storage of sensitive user data. Integrating security throughout the mobile app development lifecycle is crucial, with solutions tailored to seamlessly integrate with developer workflows to promote early vulnerability detection and remediation. Mobile AppSec solutions need to cater to the specific security requirements of both iOS and Android platforms, each with its own vulnerabilities and testing methodologies. Techniques like app shielding and code obfuscation are also being employed to deter attackers from reverse engineering and exploiting vulnerabilities within mobile applications.
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By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Asia Pacific region is undergoing significant growth in its Application Security Market, driven by several key factors. As industries undergo rapid digital transformation, there’s a heightened need for robust security measures to protect interconnected systems. Moreover, the region faces increasing cyber threats, prompting businesses to prioritize application security as a crucial defense mechanism. Stricter data privacy regulations, akin to data protection laws in Europe, mandate strong security practices for handling personal data, further driving market demand. Cloud adoption is surging, leading to a need for cloud-native security solutions that effectively protect applications in cloud environments. Managed Security Service Providers are becoming popular, especially among SMEs, offering cost-effective access to security expertise. Additionally, the adoption of agile and DevOps methodologies necessitates application security solutions that seamlessly integrate with development workflows. Despite challenges such as low awareness of security best practices, skills shortages, and budget constraints, the long-term outlook for the Asia Pacific Application Security Market remains highly positive. Factors like digitalization, cyber threats, and data privacy regulations are expected to sustain market growth, alongside trends like cloud computing and managed security services adoption.
Top Key Companies in Application Security Market:
Major vendors in the global Application Security Market include IBM (US), HCL (India), Synopsys (US), Microfocus (UK), Capgemini (France), Onapsis (US), Cloudflare (US), Guardsquare (Belgium), Checkmarx (US), Fortinet (US), Checkpoint (Israel), Broadcom (US), Palo Alto Networks (US), Qualys (US), Rapid7 (US).
Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Secure Multiparty Computation Market – Global Forecast to 2029
Managed Detection and Response Market – Global Forecast to 2029
Exposure Management Market- Global Forecast to 2029
Workplace Safety Market- Global Forecast to 2028
IDaaS Market- Global Forecast to 2028
Get access to the latest updates on Application Security Companies and Application Security Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Artificial Intelligence

Membrane Chromatography Market to Reach USD 637 Million with 14.7% CAGR | MarketsandMarkets™

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CHICAGO, June 17, 2024 /PRNewswire/ — The membrane chromatography market is poised to grow significantly, with a projected value of USD 637 million by 2029, reflecting a robust CAGR of 14.7% from an estimated USD 321 million in 2024. This growth is primarily fueled by the escalating production of biopharmaceuticals like vaccines and monoclonal antibodies, coupled with increased R&D activities in the biopharmaceutical sector. Key players in this market include Danaher Corporation (US), Sartorius AG (Germany), Merck KGaA (Germany), and Thermo Fisher Scientific Inc. (US), who employ strategies such as new product launches, acquisitions, agreements, collaborations, and geographical expansions to bolster their market presence. Danaher Corporation is known for its extensive range of life science and diagnostic products, investing heavily in R&D, while Sartorius AG stands out for its global reach and strategic collaborations like the one with Waters Corporation for downstream biomanufacturing. Merck KGaA, on the other hand, is recognized for its comprehensive solutions and ongoing investments in R&D, as demonstrated by its substantial investment in membrane and filtration manufacturing capabilities in Cork, Ireland.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151487196
Browse in-depth TOC on “Membrane Chromatography Market”416 – Tables52 – Figures348 – Pages
DRIVER: Catalyzing Growth Through Increased Biopharmaceutical R&D
As C-level executives, you’re aware of the pivotal role R&D plays in the biopharmaceutical sector, especially amidst the escalating demand for treatments targeting chronic illnesses. The robust increase in R&D investments, exemplified by a significant uptick in spending among Spanish biotech firms in 2022, underscores the driving force behind the membrane chromatography market’s expansion.
RESTRAINT: Slow Adoption in Large-Scale Manufacturing
Despite its promising advantages, membrane chromatography encounters obstacles when it comes to scaling up for large-scale operations. Challenges such as membrane degradation and fouling, coupled with the entrenched dominance of traditional column chromatography, impede widespread adoption. These complexities, alongside the risks of process disruption and quality compromises, restrain the market’s growth within large-scale manufacturing.
OPPORTUNITY: Embracing Single-Use Technologies for Enhanced Efficiency
The shift towards single-use membrane chromatography systems presents a compelling opportunity for executives seeking efficiency gains. These systems offer tangible benefits, including reduced contamination risks and lower capital investments. Collaborative efforts, like the partnership between W. L. Gore & Associates, Inc. and AGC Biologics, signal a strategic move towards streamlining downstream purification processes and maximizing productivity.
CHALLENGE: Competing with Alternative Techniques
In the landscape of membrane chromatography, executives must navigate the challenge posed by alternative techniques such as protein crystallization and capillary electrophoresis. These methods, renowned for their simplicity and cost-effectiveness, present formidable competition, potentially diverting market focus from membrane chromatography solutions and posing a significant hurdle to its sustained growth.
Global Membrane Chromatography Industry Ecosystem Analysis
Executives operating within the membrane chromatography industry are part of a multifaceted ecosystem encompassing raw material suppliers, manufacturers, and end users ranging from pharmaceutical giants to academic institutions. Product portfolios span from essential syringe filters to advanced membrane sheets, catering to diverse needs across the sector’s spectrum.
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Flow-Through Membrane Chromatography Leads Industry Growth in 2023
The dominance of flow-through membrane chromatography in 2023 underscores a strategic focus on biologics development, particularly monoclonal antibodies. The segment’s ascendancy is further fueled by the industry’s quest for efficient chromatography operations, positioning it as a key driver in the membrane chromatography market.
Pharmaceutical & Biopharmaceutical Companies Drive Market Growth
In 2023, pharmaceutical and biopharmaceutical companies emerged as the dominant force within the membrane chromatography landscape, buoyed by the escalating demand for biotherapeutics. The segment’s robust growth trajectory is propelled by increased R&D investments aimed at advancing biopharmaceutical products, solidifying its pivotal role in the membrane chromatography market.
North America Commands Membrane Chromatography Market in 2023
North America’s commanding presence in the membrane chromatography market during 2023 underscores its status as a key hub for biopharmaceutical development and manufacturing. With significant investments in R&D and a well-established healthcare sector, North America leads the global market, followed closely by Europe and the Asia Pacific, reflecting the region’s pivotal role in driving industry innovation and growth.
Recent Innovations Shape Membrane Chromatography Landscape
Thermo Fisher Scientific Inc. Enhances Presence in Asia Pacific with New FacilityIn February 2024, Thermo Fisher Scientific Inc. fortified its position in the Asia Pacific market with the inauguration of a sterile drug facility in Singapore. This strategic investment aligns with the company’s commitment to delivering new medicines and vaccines, complementing enhanced research capabilities at its Customer Experience Center and Bioprocess Design Center. The Customer Experience Center, equipped with a wide array of products spanning molecular biology, genetic analysis sequencing, chromatography mass spectrometry, and cell therapy, underscores Thermo Fisher Scientific’s dedication to innovation and customer-centric solutions.Agilent Technologies Invests in Nucleic Acid Therapeutics ManufacturingJanuary 2023 witnessed Agilent Technologies’ significant investment of USD 725 million to expand its manufacturing capacity for nucleic acid-based therapeutics. This expansion underscores Agilent’s commitment to meeting the growing demand for advanced therapeutics, positioning the company as a key player in the evolving landscape of nucleic acid-based treatments.Sartorius AG Expands Portfolio Through Novasep AcquisitionIn February 2022, Sartorius AG bolstered its chromatography capabilities with the acquisition of Novasep’s chromatography division. This strategic move enables Sartorius to access a portfolio tailored for smaller biomolecules like oligonucleotides, peptides, and insulin, as well as innovative systems for continuous biologics manufacturing. By integrating Novasep’s offerings, Sartorius aims to diversify its revenue streams and strengthen its position as a leading provider of chromatography solutions.3M Introduces Breakthrough Solution for Protein Therapeutic ManufacturingJune 2021 marked the launch of 3M Harvest RC clarifier, a revolutionary single-stage purification solution designed for recombinant protein therapeutic manufacturing. This innovation underscores 3M’s commitment to advancing bioprocessing technologies, offering a streamlined and efficient solution for protein purification, thereby enhancing manufacturing efficiency and product quality.For more information, inquire now! Inquire Now
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