Business Tech
Insights
Market Players
The Race Towards AI Supremacy and Cross Segment Full-Service Functionality
Software solution and SaaS providers ramped up their efforts to integrate AI into their offering, namely in AI-driven financial analysis, automations, content creation, personalised messaging and chatbots. M&A was active in H1 (acquisitions of Membr, Evercommerce, Perfect Gym, BRP) but slowed in H2. Several providers secured successful funding rounds in 2024 (Hapana, GymDesk, FitnessKPI, PushPress) for market and product development. 2024 did see a variety of new features being added but overall, it was a race for market share and new customers, capitalising on the growing HVLP market, the boutiques that are growing and for the smaller providers, new SMEs coming to market. Many providers are also repositioning themselves to service both enterprise and SME customers. Price discounts to customers were readily available but this supplier segment has done well to avoid a price war and race to the bottom – margins remain high. Operators still demand reliable back-office features including staff attendance tracking, payroll, digital payment gateways, and inventory management to maximize business efficiencies – the question is how much/quickly do they need AI?
Ieuan Owen
Chief Revenue Officer
Fitness & Wellbeing
Xplor Technologies
For Xplor Technologies, 2024 has been a year of expanding our global footprint and capabilities. In Q1 we announced our acquisition of Membr, a leading gym-focused management software platform trusted by Anytime Fitness. With the addition of Membr, we now support over 12M members and 13,000+ fitness locations across four continents. This year we also expanded Xplor Mariana Tek, a leading Boutique fitness management platform, into the UK; launched Xplor Gym, an all-in-one gym management platform in Australia/New Zealand; and added new gamification tools for boutique fitness studios. At Xplor, we are passionate about enabling our clients to deliver on the ‘moments that matter’ and in 2025 we will see more fitness brands wanting to stand out for the experience they offer. Every consumer experience or interaction, small or large, directly influences new business and retention. We expect an increasing number of clubs looking to develop and promote motivating, personalized fitness experiences that build long-lasting communities.
In 2024, the health and fitness landscape has been marked by an ongoing dedication to gym attendance and a growing commitment to personal wellness. While location remains a key factor in joining a gym, training choices are increasingly influenced by trends, education, and digital. People are more data-focused than ever, and with wearables becoming nearly universal, understanding personal health metrics is now a major draw. Gyms, in turn, have an opportunity to use this data to create a more personalized experience using digital offerings, which will likely be a major trend in 2025 as the industry becomes more member-experience obsessed, aiming to foster loyalty and long-term engagement. Meanwhile, gyms are becoming bigger, better, and often more affordable, driving further growth in the market. However, as both demand and supply increase, the core question remains: How to keep members longer? The answer is simple—invest in the member. This investment, in my view, requires prioritizing a balance of people, product, process, and consistency over merely cutting costs. An example of why this is important is the rise of Gen Z, a demographic that is particularly passionate about both physical and mental wellness. Known for their independence and flexibility, they approach wellness with a holistic mindset, emphasizing mental health as much as physical fitness. Their transitional, on-the-go nature demands that gyms and digital fitness services expand beyond traditional walls to offer a seamless experience that supports members inside and outside the gym.
Andy Peat
CEO
Fitness On Demand
Bill Davis
CEO
ABC Fitness
ABC Fitness has focused on improving our platforms, broadening our reach, and strengthening our company culture. We continue to invest in innovation and insights, serving the global fitness industry and offering a competitive advantage to fitness businesses of all sizes.
Phillip Mills
Founder & Executive Director
Les Mills International