The Global Online Dating Market Size is expected to grow from USD 2.230 Billion in 2019 to USD 3.592 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.26%. In 2020, revenue growth for the dating services industry is likely to see substantial increases, as forced social distancing and mandated business closures disallow individuals to date in person, driving the online dating market size.
Outside traditional social circles, social patterns and increased dating and marriage contribute to coincident cultural shifts, including increasing interracial marriage rates. As the level of education and financial independence among youth in developing countries is rising rapidly, the online dating market size is set to grow rapidly during the projected period.
The growth of the online dating market size is driven by growing internet penetration, increasing the amount of time people spend on a smartphone, and changing communication habits.
Companies that are able to take advantage of the growing popularity of smartphones, with many operators solely providing services via mobile applications. As accessibility and speed increase, users are increasingly accessing the internet through their smartphones, allowing customers to access online dating services at their convenience. This growing technological advancement and smartphone adoption are expected to fuel the online dating market.
In addition, matchmaker services are a much more costly choice than online dating. With a restricted free version provided by most online dating services, this business model is expected to further propel the growth of the online dating market size.
This research report categorizes Online Dating to forecast the revenues and analyze the trends in each of the following sub-markets:
"The Social/Event Networking Sites is projected to witness the highest growth during the forecast period"
On the basis of Services, the Online Dating Market is studied across General Online Dating Services, Merging Online Dating Services, Niche Online Dating Services, Relationship Services, and Social/Event Networking Sites. The Relationship Services commanded the largest size in the Online Dating Market in 2019. On the other hand, the Social/Event Networking Sites is expected to grow at the fastest CAGR during the forecast period.
"The 55 to 64 Years is projected to witness the highest growth during the forecast period"
On the basis of Age Group, the Online Dating Market is studied across 18 to 24 Years, 25 to 34 Years, 35 to 44 Years, 45 to 54 Years, and 55 to 64 Years. The 18 to 24 Years commanded the largest size in the Online Dating Market in 2019. On the other hand, the 55 to 64 Years is expected to grow at the fastest CAGR during the forecast period.
"The Apps is projected to witness the highest growth during the forecast period"
On the basis of Product, the Online Dating Market is studied across Apps and Website. The Website further studied across Personal Website, Social Website, and Matchmaking Website. The Website commanded the largest size in the Online Dating Market in 2019. On the other hand, the Apps is expected to grow at the fastest CAGR during the forecast period.
"The Paid Online Dating Services is projected to witness the highest growth during the forecast period"
On the basis of Subscription, the Online Dating Market is studied across Non-Paid Online Dating Serivces and Paid Online Dating Services. The Paid Online Dating Services further studied across Annually, Monthly, Quarterly, and Weekly. The Non-Paid Online Dating Serivces commanded the largest size in the Online Dating Market in 2019. On the other hand, the Paid Online Dating Services is expected to grow at the fastest CAGR during the forecast period.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
On the basis of Geography, the Online Dating Market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region is studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Online Dating Market in 2019. On the other hand, the Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Online Dating Market including Badoo, Coffee Meets Bagel, eharmony, Inc., EliteMate.com LLC, Grindr LLC, Happn SAS, Love Group Global Ltd., Match Group, Inc., rsvp.com.au Pty Ltd., Spark Networks SE, Spice of Life, Tastebuds Media Ltd., The Bumble Group, The Meet Group Inc., and Zoosk, Inc..
Ans. The global online dating market size is expected to grow from USD 2.230 Billion in 2019 to USD 3.592 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.26%
Ans. The Asia-Pacific is projected to witness the highest growth during the forecast period
Ans. The Social/Event Networking Sites is projected to witness the highest growth during the forecast period
Ans. The leading vendors and innovation profiles in the online dating market including Badoo, Coffee Meets Bagel, eharmony, Inc., EliteMate.com LLC, Grindr LLC, Happn SAS, Love Group Global Ltd
Ans. The forecast period considered for the global online dating market is 2021 to 2025.
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