Global online dating services market

global online dating services market

How big is the global online dating market?

Request Now ! The global online dating services market was valued at $6,400.0 million in 2017, and is projected to reach $9,202 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. The dating service industry has exhibited strong growth in terms of sales, and has been evolving continuously over the past couple of decades.

What is North America’s role in online dating industry?

North America is being considered as the matured market for online dating services industry. This is attributed to the fact that the U.S. population accounts for higher number of singles, which turns out be the customer base for various online dating services providers.

Why is the online dating market turning out to be competitive?

This kind of population prefers being in a nonmonogamous relationship rather than being in a long-term relationship. For them, online dating services sights as an ideal platform. Thus, the online dating services market is turning out to be highly competitive.

How has the dating industry changed over the years?

The dating service industry has exhibited strong growth in terms of sales, and has been evolving continuously over the past couple of decades. This is attributable to rise in number of singles around the globe, especially in North America, Europe, and Asia-Pacific.

How big is the online dating market in the US?

Revenue in the Online Dating segment is projected to reach US$3,677m in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2025) of 6.56%, resulting in a projected market volume of US$4,449m by 2025. In the Online Dating segment, the number of users is expected to amount to 478.5m users by 2025.

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)

How has the online dating industry changed since 2017?

This includes the online dating industry, which has been growing since 2017 at a really high pace. While every other industry seems to have mostly been negatively affected by the outbreak, the online industry has gotten stronger. In 2017, the worldwide online dating revenue reached $779 million.

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 has dating changed over the years?

Young people did what they wanted, when they wanted, and modern-day hook up culture began. The next major change in dating started with the introduction of matchmaking services and the internet. But the concept of online dating was being worked out way before the general public even had access to the internet.

Is online dating changing the way people meet each other?

Some of today’s largest and most successful dating brands launched during this time and changed the way people meet one another. Some researchers have linked the increased popularity of online dating to a rise in interracial marriages in the US.

Are dating apps a new concept in the world of dating?

That being said, dating apps, and even online dating in general, are relatively new concepts in the world of love and romance. With the rise of technology, the way that people meet each other and get to know each other has completely changed. In fact, looking back, a lot has changed in the world of dating over the course of history.

When did online dating become the second highest industry?

The idea that singles could meet one another on the internet was a revolutionary concept viewed with skepticism and sometimes derision by the general public — at first. But by 2007, online dating had become the second highest online industry for paid content. How did this dramatic shift take place?

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