Global Online Dating Services Market Size study & Forecast, by Services (Matchmaking, Social Dating, Adult Dating, and Niche Dating), by Subscription (Annually, Quarterly, Monthly, and Weekly) and by Demographics (Adult and Baby Boomer) and Regional Analy
Global Online Dating Services Market Size study & Forecast, by Services (Matchmaking, Social Dating, Adult Dating, and Niche Dating), by Subscription (Annually, Quarterly, Monthly, and Weekly) and by Demographics (Adult and Baby Boomer) and Regional Analysis, 2022-2029
Global Online Dating Services Market is valued approximately USD 7.69 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2022-2029. Online Dating Services also known by other names including Internet dating, Virtual dating, or Mobile app dating is a business that enables individuals to establish and develop relationships over the Internet. In order to use online dating service, an individual creates a user account on an online dating site, and further update a profile with furnishing profile photos, and other information including descriptive information and match preferences. Moreover, based on the preferences online dating service uses software to provide the user with matches based on algorithms to match one user with another based on their preferences, and interests. The increasing smartphone penetration and growing popularity of online dating applications are key factors driving the market growth.
The increasing penetration of smartphone is contributing towards expansion of online dating services market worldwide. For instance- as per Statista – as of 2021, the number of smartphone subscriptions worldwide was estimated at 6259 million, and as per estimation the number of users would grow to 7690 million by 2027. Additionally, the revenue generated by the global smartphone market increased in 2021 by almost USD 60 billion and reached USD 481.2 billion. Also, rising internet penetration in developing nations and growing emergence of AI-powered dating apps would create lucrative growth prospectus for the market over the forecast period. However, increasing incidences of cyber frauds and data breaches stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Online Dating Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing popularity of virtual dating and presence of leading online dating platforms in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising popularity of online dating apps among youth and increasing penetration of high-speed internet services in the region.
Major market player included in this report are: Badoo eharmony, Inc. Grindr LLC Love Group Global Ltd Match Group, Inc. rsvp.com.au Pty Ltd. Spark Networks SE Spice of Life The Meet Group, Inc. Zoosk, Inc.
Recent Developments in the Market: In February 2022, Bumble has announced acquisition of France based dating application Fruitz. This expansion was part of Bumble’s business expansion plan in the Canada and Western Europe region.
Global Online Dating Services Market Report Scope: Historical Data 2019-2020-2021 Base Year for Estimation 2021 Forecast period 2022-2029 Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends Segments Covered Services, Subscription, Demographic, Region Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Services Matchmaking Social Dating Adult Dating Niche Dating By Subscription Annually Quarterly Monthly Weekly By Demographics Adult Baby Boomer
By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico RoLA Rest of the World
Companies MentionedBadoo eharmony, Inc. Grindr LLC Love Group Global Ltd Match Group, Inc. rsvp.com.au Pty Ltd. Spark Networks SE Spice of Life The Meet Group, Inc. Zoosk, Inc.
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