Indoor Cycling Software Market Size, Trends and Growth Analysis by 2027

The global indoor cycling software market was valued at approximately US$ 142.1 million in 2019 and is projected to experience a compound annual growth rate (CAGR) of 8.6% from 2020 to 2027, ultimately reaching around US$ 274.5 million by the end of the forecast period.

Indoor cycling has emerged as a popular and effective method for individuals to engage in exercise, whether at home or within fitness centers and gyms. The growing emphasis on health and fitness is largely driven by various factors, including sedentary lifestyles, poor dietary habits, elevated pollution levels, and a rising prevalence of lifestyle-related diseases. Furthermore, the COVID-19 pandemic has intensified health concerns globally, leading to an increased focus on personal fitness. As a result, there is a notable surge in demand for indoor cycling bikes, trainers, and associated equipment among a diverse range of users, including individuals, athletes, fitness studios, and gyms.

The indoor cycling software market can be categorized based on several criteria: session type, application, subscription model, and geographical region. In terms of session type, the market is divided into solo and group sessions. The solo segment is anticipated to dominate the market during the forecast period from 2020 to 2027.

When examining applications, the indoor cycling software market is split into professional training and health and fitness. The professional training segment accounted for a significant share in 2019 and is expected to grow at a faster rate due to the increasing incorporation of training and professional workout sessions by various market players in the global indoor cycling software sector.

Regarding subscription types, the market is categorized into monthly and annual subscriptions. The monthly subscription model currently holds a larger market share; however, the annual subscription segment is projected to expand more rapidly, primarily due to the cost-saving advantages associated with such plans.

Geographically, the indoor cycling software market is segmented into five key regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

Key players in the indoor cycling software market include BKOOL, S.L., FulGaz, Kinomap, SpiviTech Ltd., Stages Indoor Cycling LLC., Tacx International B.V., Trainer Road, LLC, VirtualTraining s.r.o. (Rouvy), Wahoo Fitness (The Sufferfest), and Zwift Inc.. These companies are profiled in this market analysis, along with several other significant players within the ecosystem, to provide a comprehensive overview of the global indoor cycling software market.

The size of the global indoor cycling software market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aids in developing an overview and forecast for the indoor cycling software market across all segments.

Additionally, numerous primary interviews have been conducted with industry participants and experts to validate the collected data and to gain deeper analytical insights into the market. Participants in these interviews typically include industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the indoor cycling software domain.