Europe Mindfulness Meditation Application Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Operating System (iOS, Android, and Others) and End User (Individual and Corporate)

Description

List of Tables

The mindfulness meditation application market in Europe is expected to grow from US$ 164.91 million in 2022 to US$ 776.86 million by 2028. It is estimated to grow at a CAGR of 29.5% from 2022 to 2028.

Rising Smart Technologies Integration

Integration of technology into meditation makes it more human-centric, increasing the adoption rates and driving the market. There are a wide variety of meditation techniques currently being developed and already in use. However, the mindfulness meditation application is the most popular technology among those who meditate. Applications can be downloaded to most smart devices such as phones, tablets, laptops, computers, and even TVs. Therefore, consumers can use meditation apps wherever they go, allowing users to meditate in a busy environment. For example, Buddhify is a meditation and mindfulness Application designed for diversity. It depends on the user and their specifications. For example, a user can tell the app what activity they are currently doing and provide a suitable meditation session for the user based on their current environment. Technologies in the form of binaural beat music and sound charts make deep delta states more accessible. Perhaps one of the most beneficial properties that technology brings to meditation is its ability to help the user reach a meditative state faster. This is especially important for those new to meditation because it encourages users to experience meditation's benefits effectively and return to it for mental, physical, and spiritual nourishment. Hence, the rising integration of smart technologies is driving the market.

Market Overview

Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The presence of a large number of companies providing mindfulness meditation applications in Europe is leading to an increase in competition among the leading players. The competitive scenario includes many players, such as FlowVR, The Meditation Company, 7mind, Pop & Rest, Samten, Asana Rebel, Yocalm, DeepH, Jinglow, and Mind Hero. The growing awareness among people to combat their anxiety, get better sleep, increase their focus, manage their weight, improve their sleeping habits, and much more is augmenting the demand for meditation applications. In addition, the COVID-19 pandemic pushed people to seek a few moments of peace through meditation. In the wake of maintaining social distancing during the pandemic, most people turned to virtual meditation to relieve themselves from fear, anxiety, and other mental and emotional distress. The key reasons for adopting the meditation practice among European countries were that it helped reduce stress and anxiety, improve concentration and memory, and improve performance at work and school. As per the research presented at ESC Acute CardioVascular Care 2021, an online scientific congress of the European Society of Cardiology, mindfulness meditation improves the quality of life and reduces fear of activity in heart attack patients. Additionally, the launch of new apps from startups is also aiding the market growth. For instance, in January 2021, Escala Meditando, the meditation app in Spanish, was launched for the children's category to encourage and improve concentration in children. It also helps facilitate and develop creativity, contributes to higher academic performance, and reduces aggression and violence. Thus, upcoming launches of new products are expected to accelerate the market growth over the forecast period.

Europe Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)

Europe Mindfulness Meditation Application Market Segmentation

The Europe mindfulness meditation application market is segmented into operating system, end user, and country.

Based on operating system, the mindfulness meditation application market is segmented into iOS, Android, and others. The android segment is expected to hold largest market share in 2022. Based on end user, the market is segmented into individual and corporate. Individual segment held the larger market share in 2022. Based on country, the market is segmented into France, Germany, Italy, UK, Russia, and the Rest of Europe. The UK is anticipated to dominate the market in 2022. Headspace; House of Deeprelax; Meditation Moments; Mindfulness Everywhere Ltd.; and The Mindfulness App are the leading companies operating in the mindfulness meditation application market in the region.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe mindfulness meditation application market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe mindfulness meditation application market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the mindfulness meditation application market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: BMIRE00027542

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Europe Mindfulness Meditation Application Market - By Operating System
- 1.3.2 Europe Mindfulness Meditation Application Market - By End User
- 1.3.3 Europe Mindfulness Meditation Application Market - By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Mindfulness Meditation Application - Market Landscape

4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Europe Mindfulness Meditation Application Market - Market Dynamics

5.1 Key Market Drivers
- 5.1.1 Growing Awareness About Meditation
- 5.1.2 Rising Smart Technologies Integration
5.2 Key Market Restraints
- 5.2.1 Concerns Regarding Privacy of Users' Information and Increased Cyberattack
5.3 Key Market Opportunities
- 5.3.1 Incorporation of Artificial Intelligence (AI) & Machine Learning (ML) in Meditation Apps and Need for Self-Regulation
5.4 Future Trends
- 5.4.1 Increasing Focus on Personalization
5.5 Impact Analysis of Drivers and Restraints

6. Mindfulness Meditation Application Market - Europe Market Analysis

6.1 Overview
6.2 Europe Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)

7. Europe Mindfulness Meditation Application Market Analysis - By Operating System

7.1 Overview
7.2 Europe Mindfulness Meditation Application Market, by Operating System (2021 and 2028)
7.3 iOS
- 7.3.1 Overview
- 7.3.2 iOS: Mindfulness Meditation Application Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Android
- 7.4.1 Overview
- 7.4.2 Android: Mindfulness Meditation Application Market- Revenue and Forecast to 2028 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Mindfulness Meditation Application Market- Revenue and Forecast to 2028 (US$ Million)

8. Europe Mindfulness Meditation Application Market - By End User

8.1 Overview
8.2 Europe Mindfulness Meditation Application Market, by End User (2021 and 2028)
8.3 Individual
- 8.3.1 Overview
- 8.3.2 Individual: Mindfulness Meditation Application Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Corporate
- 8.4.1 Overview
- 8.4.2 Corporate: Mindfulness Meditation Application Market - Revenue and Forecast to 2028 (US$ Million)

9. Europe Mindfulness Meditation Application Market -Country Analysis

9.1 Overview
- 9.1.1 Europe Mindfulness Meditation Application Market Breakdown, By Key Country
  - 9.1.1.1 Germany Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.1.1 Germany Mindfulness Meditation Application Market Breakdown, By Operating System
    - 9.1.1.1.2 Germany Mindfulness Meditation Application Market Breakdown, By End User
  - 9.1.1.2 France Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 France Mindfulness Meditation Application Market Breakdown, By Operating System
    - 9.1.1.2.2 France Mindfulness Meditation Application Market Breakdown, By End User
  - 9.1.1.3 Italy Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.3.1 Italy Mindfulness Meditation Application Market Breakdown, By Operating System
    - 9.1.1.3.2 Italy Mindfulness Meditation Application Market Breakdown, By End User
  - 9.1.1.4 UK Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.4.1 UK Mindfulness Meditation Application Market Breakdown, By Operating System
    - 9.1.1.4.2 UK Mindfulness Meditation Application Market Breakdown, By End User
  - 9.1.1.5 Russia Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.5.1 Russia Mindfulness Meditation Application Market Breakdown, By Operating System
    - 9.1.1.5.2 Russia Mindfulness Meditation Application Market Breakdown, By End User
  - 9.1.1.6 Rest of Europe Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.6.1 Rest of Europe Mindfulness Meditation Application Market Breakdown, By Operating System
    - 9.1.1.6.2 Rest of Europe Mindfulness Meditation Application Market Breakdown, By End User

10. Industry Landscape

10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Product Launch

11. Company Profiles

11.1 House of Deeprelax
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Headspace
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Meditation Moments
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Mindfulness Everywhere Ltd.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 The Mindfulness App
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms