Absolute Markets Insights added recently released new research report on Online Dating Market 2022 by Top Manufacturers, Regions, Type and Application, Forecast provides updates and information related to industry coverage, current market competitive status, and market outlook. Online Dating market report is a particular investigation of the business which clarifies what the market definition, arrangements, applications, commitment, and worldwide industry patterns are. This market research report serves to be an exceptionally huge segment of business system. Excellent practice models and method of research utilized while generating this industry report reveals the best opportunities to thrive in the market. With the market data of this report, emerging trends along with major drivers, challenges and opportunities in the market for Online Dating industry can be identified and analysed. Online Dating market report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios.
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In terms of revenue, online dating market was valued at US$ 3056.0 Mn in 2018 and is anticipated to witness a compound annual growth rate of 11.08% over the forecast period. Some of the players operating in the online dating market are Badoo, Bumble, CoffeeMeetsBagel, eHarmony, Inc., Facebook, Friendfinder California Inc., HAPPN, HER, Inner Circle, LAVALIFE LTD., Lovestruck, Luxy, Magic Lab, Match Group, LLC, MillionaireMatch.com, OkCupid, Parship GmbH, People Media (Chemistry.com), Plentyoffish Media ULC, Tastebuds Media Ltd., Telegraph Media Group Limited, Tinder Inc., Widernet Communications Ltd. (Christian Connection) and Zoosk, amongst others.
Online dating platform can be termed as a social communicating tool for searching connections with shared interests or backgrounds for building a personal, romantic or casual relationship. A user has to create a profile on the website or app with his/her descriptive information and photos before they can connect to other people. The platform then analyses this information to display relevant matches. There is a growing demand for online dating applications owing to rising number of internet and smartphone users. The International Telecommunication Union stated in its report of 2019 that the number of internet users increased by 5.3% in 2019, and around 4.1 billion people are part of the internet.
The report published by World Advertising Research Center (WARC) in January 2019 stated that around 3.9 billion people own at least one smart phone. The growing proliferation of internet and smart device users is bringing more users online. The growth in the internet natives has increased the average time people spend online, thus, influencing the social trends, communication habits and the way couples meet. Tech savvy single youths worldwide are inclining towards online dating as it eliminates the initial hesitance in physically meeting an unknown individual. For instance, the average subscribers of Match Group’s dating apps rose by 16% from 7.4 million in 2018 to 8.6 million in 2019. Thus, growing number of single youths, with internet connection and mobile phones, are propelling the growth of online dating market across the globe.
Global Online Dating Market:
By Age Group
• 18- 29 Years
• 30 – 49 Years
• 50 – 64 Years
• Above 65 Years
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
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