Market Opportunity
Last updated
Last updated
According to market research (*), Move-to-earn Market is still in its infancy stage compared to its brother, Play-to-earn Market and there is much room to grow to fill people's needs in the Fitness & Mind-body Market.
A research released by the Global Wellness Institute (GWI) showed that physical activity is an $828 Billion Market – To Reach $1.1 Trillion+ by 2023. Also according to the report: "Asia-Pacific will overtake North America as the largest market, accounting for an eye-opening 40 percent of all global growth through 2023. China and India together will drive nearly one-third of all growth. Mindful movement will be the #1 growth sector (12 percent annually from 2018–2023), jumping from a $29 billion market to $52 billion. Technology will be the second-fastest-growing market (8.6 percent annually), expanding from $26.3 billion in 2018 to $39.8 billion by 2023."
Quite clearly, this is a huge market opportunity for beFITTER to capture the market share and become one of the world's leading FitnessFi apps.