Online dating industry report

online dating industry report

How big is the online dating industry in 2020?

Come early 2020, another report showed that the online dating industry generated a revenue of $2.23 billion the previous year, which positively broke many expectations. Now, experts project that the industry will reach $3.592 billion in revenue by the end of 2025. This is at a CAGR of 8.26%. (Valuates Reports, 2020)

What is the online dating industry like in Australia?

Online dating has become a popular service industry in Australia comprised of both Australian and overseas companies. IBISWorld’s Dating services in Australia industry report projects revenue for online dating services to reach $113.3 million in 2014–15.

How to get sample report/company profiles of global online dating market?

Global Online Dating Market is segmented based on Service, Subscription, Demographics, And Geography. How can I get sample report/company profiles of Online Dating Market? The report sample Online Dating Market report can be obtained on demand from the website.

What are the factors restraining the growth of online dating market?

Scammer’s abuse, publishing intimate photos, attacks, and criminal cases are the factor restraining the online dating market growth. Global Online Dating Market is segmented based on Service, Subscription, Demographics, And Geography. To Get Summarized Market Report By Service:- Download Sample Report Now

What is the size of the online dating industry?

Online Dating Industry Market Size. According to research firm IBISWorld, dating services in the US will be a $3 billion a year business in 2018, growing since the previous year. Around 15% of US adults, or around 50 million Americans, say that they have or continue to use websites or mobile dating apps in their pursuit of romance.

What is the online dating market valuation in 2020?

Online Dating Market is projected to reach USD 10,378.67 Million by 2027, growing at a CAGR of 4.98% from 2020 to 2027. What is Online Dating Market?

How many online dating users are there in 2021?

In 2019, there were about 219.7 million online dating sites or app users around the world. The number is expected to reach 234.1 million in 2021 and reach 276.9 million in 2024. (Statista, 2020) In the US, there were more or less 30.4 million online dating service users. This number is expected to reach 35 million come 2024 (Statista, 2020)

What are the most influential trends in the online dating market?

Hence, adoption of technology is one of the most influential trends in the online dating services market growth. As per sources, 41% of singles have used online dating apps or sites at least once in their life.

What are the factors affecting the growth of the online dating market?

The increasing adoption of smartphones and the growing penetration of the internet around the world are some of the significant factors affecting the growth of the online dating market in the given analysis period. Furthermore, the increasing number of singles has become a global phenomenon is anticipated to contribute to the growth of the market.

What is the segmentation of global online dating market?

Global Online Dating Market is segmented based on Service, Subscription, Demographics, And Geography. To Get Summarized Market Report By Service:- Download Sample Report Now Based on Service, the market is bifurcated into Matchmaking, Social Dating, Adult Dating, and Niche Dating.

Which region is expected to hold largest market share of online dating?

North America is expected to hold the largest market share of Online Dating over the forecast period followed by Europe. North America is being considered as the mature market for the online dating services industry. According to 2016 data, approximately 43 million users were active on different online dating apps in North America.

Are dating apps owned by just one group?

Investors are taking notice of this booming market, while analysts estimate the global online dating market could be worth $12 billion by next year. But it might surprise you that despite the growing variety of dating options online, most popular apps are owned by just one group.

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