Blockchain Press Releases
Online/Virtual Fitness Market Exhibit 34.6% CAGR and Generate $2,04,359.4 Million by 2031 | Research Dive
NEW YORK, June 23, 2023 /PRNewswire/ — The online/virtual fitness market is expected to observe significant growth by 2031, owing to the increasing demand for progressive fitness assemblies to acquire physical fitness. The North America region was the most dominant in 2021.
Global Online/Virtual Fitness Market Forecast Analysis:
As per the report published by Research Dive, the global online/virtual fitness market is projected to garner a revenue of $2,04,359.4 million and rise at a stunning CAGR of 34.6% over the analysis timeframe from 2022 to 2031.
Segments of the Online/Virtual Fitness Market
The report has divided the online/virtual fitness market into the following segments:
- Streaming Type: live and on-demand
- On-Demand – Held the highest market share in 2021
The increasing adoption of on-demand virtual fitness among customers owing to the ease of choosing training sessions and reaching many exercisers of all fitness levels to provide a wide range of coaching techniques is predicted to boost the growth of the market sub-segment further. - Session Type: group and solo
- Group – Generated the largest revenue in 2021
The increasing popularity of group workouts among individuals as the class mainly focuses on developing postural alignment to boost strength and balance, and freedom of movement among individuals is predicted to augment the growth of the market sub-segment forward. - Revenue Model: subscription, advertisement, and hybrid
- Subscription – Held the maximum market share in 2021
The subscription model helps individuals provide customers with on-demand access to a variety of exercise courses that can be watched on laptops, televisions, and cell phones, which is expected to amplify the growth of the market sub-segment in the coming period. - Device Type: smart tv, smartphone, laptops desktops and tablets, and others
- Laptops, Desktops, and Tablets – Registered the biggest market share in 2021
The increasing use of laptops, desktops, and tablets among individuals to access virtual fitness programs in their comfort and allow them to work out in their busy schedules is expected to fuel the growth of the market sub-segment further. - End User: professional gyms, sport institutes, defense institutes, educational institution, corporate institution, individuals, and others
- Professional Gyms – Garnered the dominant revenue in 2021
Unlike traditional gyms, professional gyms can identify the benefits of virtual fitness programs such as the ability to reach a wider audience and offer a wide variety of workers and trainers which is expected to uplift the growth of the market sub-segment forward. - Region: North America, Europe, Asia-Pacific, and LAMEA
- North America – Held the largest market share in 2021
The rising popularity of inventive fitness solutions with health awareness campaigns across the region and the growing need for novel fitness platforms are the major factors expected to drive the regional growth of the market during the forecast period.
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Dynamics of the Global Online/Virtual Fitness Market
The increasing preference of individuals for choosing healthier lifestyles such as good diets, flexible activities, and better healthcare is expected to fortify the growth of the online/virtual fitness market over the analysis timeframe. Besides, the increasing demand for progressive fitness assemblies to acquire physical fitness and the rising demand for innovative and convenient fitness solutions among individuals are expected to propel the growth of the market during the forecast period. However, the high cost associated with advanced virtual fitness programs may hamper the growth of the market in the coming period.
The rising trend of exergaming platforms among individuals to develop their self-confidence, strength, and health is further expected to create extensive growth opportunities for the market during the forecast timeframe. In addition, virtual fitness platforms deliver a range of progressive fitness assemblies such as high-intensity interval training, strength training, and others which are expected to fuel the growth of the market over the estimated period.
Covid-19 Impact on the Global Online/Virtual Fitness Market
Though the outbreak of the Covid-19 pandemic has devastated several other industries, it has positively driven the online/virtual fitness market. This is mainly due to the increasing demand for virtual/online fitness platforms among individuals to maintain physical distancing and control the spread of the deadly virus. Moreover, many people have started adopting new technology to stay healthy and connected during the pandemic due to lockdowns and social distancing guidelines. All these factors have increased the growth of the market throughout the crisis.
Key Players of the Global Online/Virtual Fitness Market
The major players of the online/virtual fitness market include
- Navigate Wellbeing Solutions Peloton
- Les Mills International Ltd.
- REH-FITSworkit
- FitnessOnDemand
- Viva Leisure
- Fitbit Inc.
- Wellbeats Inc.
- ClassPass Inc.
These players are broadly working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to attain a leading position in the global industry.
For instance, in May 2022, Dyaco, Inc., one of the leading designers, marketers, and manufacturers in both home and commercial fitness equipment industries launched its new product namely, XTERRA Fitness TRX5500 Folding Treadmill. This product is specifically designed for people who want to work out in an entertaining way.
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter’s five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
[email protected]
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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