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Smart Healthcare Market size is set to grow by USD 115.39 billion from 2023-2027, Growing demand for remote health monitoring boost the market, Technavio

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NEW YORK, July 30, 2024 /PRNewswire/ — The global smart healthcare market size is estimated to grow by USD 115.39 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  9.26%  during the forecast period. Growing demand for remote health monitoring is driving market growth, with a trend towards iot in healthcare. However, high costs involved with smart healthcare  poses a challenge. Key market players include Abbott Laboratories, Alphabet Inc., Altera Digital Health Inc, Apple Inc., AT and T Inc., athenahealth Inc., Cisco Systems Inc., F. Hoffmann La Roche Ltd., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., International Business Machines Corp., Johnson and Johnson Services Inc., Koninklijke Philips N.V., Medtronic Plc, Microsoft Corp., Olympus Corp., Samsung Electronics Co. Ltd., Zebra Technologies Corp., and Oracle Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Smart Healthcare Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.26%

Market growth 2023-2027

USD 115.39 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.28

Regional analysis

Europe, North America, Asia, and Rest of World
(ROW)

Performing market contribution

North America at 43%

Key countries

US, Canada, Germany, UK, and Japan

Key companies profiled

Abbott Laboratories, Alphabet Inc., Altera Digital
Health Inc, Apple Inc., AT and T Inc., athenahealth
Inc., Cisco Systems Inc., F. Hoffmann La Roche
Ltd., General Electric Co., Hewlett Packard
Enterprise Co., Honeywell International Inc.,
International Business Machines Corp., Johnson
and Johnson Services Inc., Koninklijke Philips
N.V., Medtronic Plc, Microsoft Corp., Olympus
Corp., Samsung Electronics Co. Ltd.,Zebra
Technologies Corp., and Oracle Corp.

Market Driver

The healthcare industry is experiencing a significant shift towards smart healthcare solutions, driven by the increasing use of Internet of Things (IoT) and connected medical devices. IoT infrastructure is bridging the gap between physical and digital data sources, enabling real-time patient monitoring and improving access to healthcare services. Key applications of IoT in healthcare include telemedicine, connected imaging, clinical workflow management, dosing management, and inpatient monitoring. Governments worldwide are promoting IT usage in healthcare, reducing costs, and the growing penetration of smartphones and the Internet are fueling the adoption of IoT in healthcare. The rise of wearable medical devices and technological innovations are enhancing the quality of healthcare. However, the increasing number of data sources and data generated necessitate improved network security. Hospitals and clinics are adopting Electronic Health Records (EHRs) to optimally collect and integrate data from external and wearable devices. This trend presents significant growth opportunities for vendors offering cloud-based solutions in the smart healthcare market, such as Cisco, Microsoft, and Alphabet. The demand for connected systems to optimize healthcare deployments is expected to drive the growth of the global smart healthcare market during the forecast period. IoT and connected applications are revolutionizing healthcare, offering improved patient care and operational efficiency. 

Smart healthcare is a rapidly growing market that integrates digital technology into healthcare items for improved patient care and efficiency. Trends include pedometers, activity trackers, and smart wearables for monitoring health metrics like blood pressure, heart rate, oxygen level, and temperature. Smart syringes, RFID cabinets, and RFID Kanban systems streamline inventory management. Remote monitoring, mobile health, and telemedicine enable real-time patient care. Market restraints include data security concerns and high implementation costs. Leading companies like Vera Smart Health, Teladoc Health, and RFID Smart Cabinets leverage information technologies such as big data, cloud computing, artificial intelligence, and RFID for innovative solutions. Smart pills and mHealth apps offer personalized care. The market’s future lies in seamless integration of digital technology with the traditional medical system. 

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Market Challenges

The high cost of implementing smart healthcare solutions, such as Electronic Health Records (EHR), is a significant challenge for the industry. The costs involved, including hardware, software, installation assistance, licensing fees, maintenance expenses, and opportunity costs, can be substantial. For instance, the average cost of EHR implementation for hospitals is approximately USD14,500 per bed, with annual operating costs amounting to USD2,700 per bed per year. These costs can limit the adoption of EHR and other smart healthcare technologies, particularly for smaller hospitals with limited IT budgets. The high cost of integrating biosensors into healthcare products is another challenge. The novel technology behind these sensors significantly increases the overall cost of the final product, which can deter consumers from adopting them. The high costs associated with certain smart healthcare solutions can hinder their adoption and negatively impact the growth of the global smart healthcare market.The Smart Healthcare Market is experiencing significant growth due to the increasing demand for advanced healthcare solutions. However, challenges persist, such as obtaining necessary approvals for new technologies, catering to cognitive impairment patients, and integrating wearable devices with cloud communication. Caregivers, patients, families, physicians, hospitals, and insurance companies seek improved healthcare services through eHealth solutions like cell phones, tablets, and patient monitoring devices. Oral Biology and Craniofacial Research are also benefiting from digital health programs. Sensor-based IoT technology in illness causes research, surgery, and health outcomes is a major advantage, but high costs remain a concern. Key market participants include medical record-keeping companies, device integration specialists, and healthcare infrastructure providers. Digital literacy and infrastructure development are essential for the successful implementation of connected healthcare and health-related apps. Smart wearable devices like smartwatches and health monitors, using acoustic resonance for lung function assessment and blood glucose monitors, are transforming essential cardiology and asthma management.

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Segment Overview 

This smart healthcare market report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineSolution 2.1 Telemedicine2.2 mHealth2.3 EHR2.4 Smart pills2.5 OthersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Offline-  The offline segment of the global smart healthcare market refers to the distribution of smart healthcare products and services through physical channels. Retail stores, including specialty and healthcare equipment stores, electronics retailers, medical equipment suppliers, and distributors, serve as crucial offline distribution channels. These channels enable customers to personally examine and purchase devices like fitness trackers, smartwatches, blood pressure monitors, and telehealth systems. Medical equipment suppliers and distributors play a pivotal role in offline distribution, leveraging relationships with healthcare providers, hospitals, clinics, and pharmacies. Offline segments offer face-to-face interactions and personalized customer experiences, enhancing satisfaction and trust. Customers often prefer these channels due to the reliability, professional expertise, and after-sales support they provide. These factors are anticipated to fuel the expansion of the offline segment in the smart healthcare market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Smart Healthcare Market is experiencing exponential growth due to the integration of mHealth and information technologies. Vera Smart Health and Teladoc Health are leading the charge in this space, offering remote monitoring solutions for various health metrics such as blood pressure, heart rate, oxygen level, and temperature. These smart healthcare products leverage digital technology, including RFID and Real-Time Location Systems, to ensure accurate tracking and delivery of essential items. Big data and cloud computing play a crucial role in analyzing patient information and providing personalized care. The market includes a range of smart healthcare items, from wearables like smartwatches and fitness trackers to innovative solutions like smart syringes and medicines with embedded sensors. These advancements aim to improve patient outcomes, reduce healthcare costs, and enhance overall healthcare efficiency.

Market Research Overview

Smart Healthcare Market: Transforming Traditional Healthcare with mHealth and Information Technologies The Smart Healthcare Market is revolutionizing the traditional healthcare system by integrating digital technology, sensors, and real-time communication. MHealth solutions, such as Vera Smart Health and Teladoc Health, are leading the charge with RFID and Real-Time Location Systems enabling seamless patient monitoring. Blood pressure, heart rate, oxygen level, and temperature are just a few vital signs monitored by smart healthcare products. Oral Biology and Craniofacial Research are also benefiting from this digital transformation, with sensor-based IoT technology providing valuable data for health research. Advantages of smart healthcare include improved health outcomes, remote patient monitoring, and increased access to healthcare services. However, high costs and infrastructure requirements can be market restraints. Caregivers, patients, families, physicians, hospitals, and insurance companies all benefit from this connected healthcare infrastructure. Wearable devices like smartwatches, health monitors, pedometers, and activity trackers are popular smart healthcare items. Digital technology, including cloud computing, artificial intelligence, and big data, plays a crucial role in this market. EHealth programs, health-related apps, and smart wearable devices are essential components of this digital health revolution. Market restraints include the need for approvals, cognitive impairment, and device integration challenges. However, the advantages far outweigh the challenges, making the Smart Healthcare Market a promising and growing industry. Key market participants include healthcare services, healthcare research institutions, and digital health companies. The internet and cell phones are essential infrastructure for this market, with tablets and patient monitoring devices completing the digital health ecosystem. Smart syringes, smart medicines, smart RFID cabinets, and remote monitoring are other innovative smart healthcare solutions. Acoustic resonance technology is used for lung function assessment in asthma patients, and essential cardiology benefits from blood glucose monitors and smartwatches. In conclusion, the Smart Healthcare Market is transforming healthcare by integrating digital technology, sensors, and real-time communication. The advantages of this digital health revolution far outweigh the challenges, making it a promising and growing industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineSolutionTelemedicineMHealthEHRSmart PillsOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/ 

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SOURCE Technavio

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Technology

From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

View original content to download multimedia:https://www.prnewswire.com/news-releases/from-remote-racing-to-embodied-ai-fibocom-and-intedigo-bring-5g-bidirectional-data-transmission-into-real-world-applications-302828996.html

SOURCE Fibocom Wireless Inc.

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DR. PHONE FIX ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, July 18, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce that, further to its news release dated May 19, 2026 and June 24, 2026 (the “Prior News Releases”), it has closed the second tranche of its non-brokered private placement (the “Offering”) of convertible debenture units of the Company (each, a “Unit”). The Company issued 726 Units, at a price of $1,000 per Unit, for aggregate gross proceeds of $726,000. Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Releases.

In connection with the Offering, the Company paid a finder’s fee consisting of an aggregate cash fee of $50,820 and issued an aggregate of 317,625 common share purchase warrants of the Company (each, a “Finder’s Warrant”) to certain qualified arm’s length parties. Each Finder’s Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.22 prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

 

SOURCE Dr. Phone Fix

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Technology

Football Tournament Season Sparks Global Social Connection Surge as 3Fun Reports Growth Across Key Markets

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NEW YORK, July 18, 2026 /PRNewswire/ — As the World Cup enters its final stage and fans celebrate across the globe, new data from 3Fun, the leading dating app for open-minded singles and partners, reveals that the World Cup’s impact extends far beyond the stadium. The tournament has ignited a massive surge in global social activity, with users increasingly turning to the platform to translate sporting euphoria into personal connections.

The “Celebratory Intimacy” Effect: Why Winning Drives Matching

Psychological research has long suggested that major sports victories do more than just boost national pride; they influence human biology and intimacy. Studies indicate that watching a favorite team win can temporarily elevate testosterone levels in fans, leading to a surge in sexual desire and “celebratory intimacy”. This theory is vividly reflected in 3Fun’s latest performance metrics.

Compared with the previous 20-day period, 3Fun saw a 6.13% increase in Daily Active Users (DAU) during the peak of the World Cup season (June 23 – July 12), adding more than 275,000 active participants. The platform’s “heat” was further evidenced by an additional 446,491 messages sent, while the user match rate jumped by 5.71%, resulting in nearly 50,000 new connections.

Spain and Argentina Lead the “Lust for Victory”

The data shows a direct correlation between success on the pitch and activity on 3Fun. Nations with deep football cultures and strong tournament performances saw the highest growth:

Spain: Witnessed a staggering 37.56% surge in new users.Argentina: Followed with a 26.62% increase.France & Mexico: Saw growth rates of 25.44% and 21.42% respectively.

In the U.S., cities like Houston (+8.98%) and New York (+7.45%) led the way. This trend aligns with a broader cultural shift: recent 3Fun data reveals that 69% of Americans report a growing interest in non-traditional relationships, with 77% of seekers preferring dating apps to find compatible partners.

Digital Jet-Setting: 3Fun’s “Roaming” Feature Becomes a Fan Favorite

While millions traveled for the games, many more “traveled” virtually. 3Fun’s new Roaming feature, currently in gray-scale testing, allows users to explore connections beyond their current location by virtually discovering communities in other cities.

The top 10 “Roaming” destinations during the Football Tournament  season reveal where the world’s social interest was concentrated:

Sao Paulo, Brazil (17.35% of total roaming volume)New York, USA (14.82%)Las Vegas, USA (11.37%)Los Angeles, USA (11.19%)London, UK (9.89%)Rio de Janeiro, Brazil (7.40%)Houston, USA (7.36%)Dallas, USA (7.18%)Miami, USA (6.85%)Chicago, USA (6.60%).

The dominance of Brazilian cities like Sao Paulo and Rio de Janeiro highlights a “digital pilgrimage” to the spiritual home of football, where users sought to connect with the local energy and like-minded fans.

3Fun Insight: Connection Beyond the Game

“Major global events like the World Cup bring people together far beyond the borders of the pitch,” said Daniel Morgan, 3Fun’s Director of Social Trends. “Our data shows that users aren’t just looking for scores; they are looking for meaningful, shared experiences. Whether through virtual roaming or local matching, these events create unique windows for people to explore their desires in a safe, celebratory, and inclusive community”.

Daniel further noted, “With 72% of users noticing growing acceptance of diverse relationship styles, global sports events such as the World Cup represent a moment when people feel more open to meeting others and exploring new forms of connection”.

About 3Fun: With over 10 million downloads and 3 million verified active users worldwide, 3Fun is the leading dating app for open-minded singles and partners to meet like-minded people. The platform provides a safe and inclusive space to explore ethical open relationships and polyamory, fostering community and connection without judgment. 

Disclaimer: 3Fun is not affiliated with, endorsed by, or sponsored by FIFA, the World Cup, or any official World Cup organizing body. All references to the tournament are descriptive or for informational and topical context only.

View original content:https://www.prnewswire.com/news-releases/football-tournament-season-sparks-global-social-connection-surge-as-3fun-reports-growth-across-key-markets-302828995.html

SOURCE 3Fun

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