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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)
- Report Code : BMIRE00027542
- Pages : 81
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
TheEurope 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.
TABLE OF CONTENTS
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
LIST OF TABLES
Table 1. Europe Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 3. Germany: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By Operating System (US$ Million)
Table 4. Germany: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By End User (US$ Million)
Table 5. France: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By Operating System (US$ Million)
Table 6. France Mindfulness Meditation Application Market Revenue and Forecast to 2028 – By End User (US$ Million)
Table 7. Italy: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By Operating System (US$ Million)
Table 8. Italy Mindfulness Meditation Application Market Revenue and Forecast to 2028 – By End User (US$ Million)
Table 9. UK Mindfulness Meditation Application Market Revenue and Forecast to 2028 – By Operating System (US$ Million)
Table 10. UK: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By End User (US$ Million)
Table 11. Russia: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By Operating System (US$ Million)
Table 12. Russia: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By End User (US$ Million)
Table 13. Rest of Europe: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By Operating System (US$ Million)
Table 14. Rest of Europe: Mindfulness Meditation Application Market, Revenue and Forecast to 2028 – By End User (US$ Million)
Table 15. Glossary of Terms, Europe Mindfulness Meditation Application Market
LIST OF FIGURES
Figure 1. Europe Mindfulness Meditation Application Market Segmentation
Figure 2. Europe Mindfulness Meditation Application Market Segmentation – By Country
Figure 3. Europe Mindfulness Meditation Application Market Overview
Figure 4. Europe Mindfulness Meditation Application Market, By Operating System
Figure 5. Europe Mindfulness Meditation Application Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Mindfulness Meditation Application Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Mindfulness Meditation Application Market Revenue and Forecast To 2028 (US$ Million)
Figure 10. Europe Mindfulness Meditation Application Market Revenue Share, by Operating System (2021 and 2028)
Figure 11. Europe iOS: Mindfulness Meditation Application Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Android: Mindfulness Meditation Application Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Others: Mindfulness Meditation Application Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Mindfulness Meditation Application Market Revenue Share, by End-User (2021 and 2028)
Figure 15. Europe Individual: Mindfulness Meditation Application Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Corporate: Mindfulness Meditation Application Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Mindfulness Meditation Application Market, by Key Country- Revenue (2021) (US$ Million)
Figure 18. Europe: Mindfulness Meditation Application Market, by Country, 2021 & 2028 (%)
Figure 19. Germany Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. France Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Italy Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. UK Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Russia Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of Europe Mindfulness Meditation Application Market Revenue and Forecast to 2028 (US$ Million)
● 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
The List of Companies – Europe Mindfulness Meditation Application Market
● Headspace
● House of Deeprelax
● Meditation Moments
● Mindfulness Everywhere Ltd.
● The Mindfulness App
At 29.5% CAGR, the Europe Mindfulness Meditation Application Market is speculated to be worth US$ 776.86 Million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Europe mindfulness meditation application market was valued at US$ 164.91million in 2022 and is expected to reach US$ 776.86 million by 2028, registering an annual growth rate of 29.5% from 2022 to 2028. Growing awareness about meditation and rising integration smart are the critical factors attributed to the market expansion.
In recent years, the rapid change of pace, emphasis on productivity, and the stressful nature of all daily activities have created an extraordinary awareness of meditation. Generation X uses mindfulness as a personal practice to differentiate themselves from their competitors, and millennials use it as a team-building exercise. Furthermore, institutions and organizations of all shapes and sizes are building on this growing research base. Companies such as Aetna, Ford, and General Mills offer their employees meditation training sessions and spaces within their offices. Similarly, soldiers undergo mindfulness training in the military to sharpen their combat awareness. The benefits of mindful medication have attracted people of different ages and backgrounds.
Furthermore, in supervisory institutions, practitioners take medication as one of the primary practices. For example, medical professionals prescribe mindfulness in healthcare to address pain from poor eating and sleeping habits, addiction, depression, and chronic illness. Likewise, schools use it to improve their students’ behavior, attention, and stress levels. Major tech giants are capitalizing on this heightened awareness with the launch of mindfulness meditation apps that promise to restore and rebuild the user’s mindfulness, which is pushing the growth of the mindfulness meditation application market. Berlin-based Meditopia, launched in 2017, saw an increase of 180% in consumer spending between 2019 and 2020, reaching almost US$ 134 million in in-app spending in 2021. Hence, the growing popularity of mindfulness meditation has attracted more and more companies to enter the industry and earn a good amount of money, contributing to the growth of the mindfulness meditation application market.
On the contrary, concerns regarding privacy of users’ information and increased cyber-attack hurdles the growth of Europe mindfulness meditation application market.
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 with a share of 62.6%, amassing US$ 103.18 million. It is projected to garner US$ 459.79 million by 2028 to expand at 28.3% CAGR during 2022–2028. Based on end user, the market is segmented into individual and corporate. Individual segment held the larger market share in 2022, with a share of 59.4%, amassing US$ 98.04 million. It is projected to garner US$ 448.85 million by 2028 to expand at 28.9% CAGR during 2022–2028. Our regional analysis states that the UK captured 30.5% market share in 2022. It was assessed at US$ 50.34 million in 2022 and is likely to hit US$ 255.90 million by 2028, exhibiting a CAGR of 31.1% during the forecast period.
Key players dominating the Europe mindfulness meditation application market are Headspace; House of Deeprelax; Meditation Moments; Mindfulness Everywhere Ltd.; and The Mindfulness App.
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