DUBLIN, Oct. 23, 2023 (Globe Newswire) — The “Dating Services Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2023-2028” report has been added. ResearchAndMarkets.com Recruitment.
The global dating services market has experienced significant growth, reaching a market size of USD 8.7 billion by 2022. Market analysts predict that the market will continue to expand and reach US$13 billion by 2028, showing strong compound annual growth. The rate (CAGR) during the forecast period 2023-2028 is 6.49%.
Dating services include online platforms that allow members to connect with new people and search for potential partners. Online dating services typically offer digital messaging features that facilitate communication and help match users with compatible matches. With user-friendly interfaces, real-time messaging, extensive social networks, and location-based dating features, online dating services are gaining popularity, especially among young people. Users often search based on various factors such as age, gender, and location to find the right match for their lifestyle and preferences. To enhance communication between users, many dating services offer text messaging as well as voice and video calling features within the app.
Key market trends:
The global dating services market is primarily driven by the increasing popularity of online dating apps, especially among the youth. This trend can be attributed to increased exposure to various social media platforms and a growing tendency to form connections online. Additionally, the convenience and ease of using these services to initiate and maintain romantic relationships also contributes to their popularity.
The proliferation of smartphones, coupled with increasing internet penetration, provides ample growth opportunities for the market. The market is also benefiting from a growing number of singles looking for specific characteristics in potential partners. Aggressive marketing strategies adopted by major market players contribute to the positive outlook of the market. Other factors driving market growth include rapid digitization, surge in smart device sales, rising disposable income, and extensive research and development (R&D) activities.
Key market segmentation:
This report offers a comprehensive analysis of key trends within each sub-segment of the global dating services market, as well as forecasts at global, regional and country level from 2023 to 2028. The market is segmented on the basis of type, service. , Demographics.
Breakdown by type:
Breakdown by service:
- matchmaking
- social dating
- adult dating
- niche dating
Breakdown by demographics:
Regional breakdown:
- North America
- Asia Pacific
- Europe
- latin america
- middle east and africa
Competitive environment:
The report thoroughly examines the competitive landscape of the industry, including Bumble, Coffee Meets Bagel, Eharmony (Parship Group GmbH), Love Group Global Ltd, Match Group Inc., rsvp.com.au Pty Ltd, Ruby, and more. We feature profiles of major companies. Life Inc., Spark Networks SE, and The Meet Group Inc. (ParshipMeet Holding GmbH).
Answers to key questions:
- How is the global dating services market trending, and what are its growth prospects over the next few years?
- What impact will the coronavirus disease (COVID-19) have on the global dating services market?
- Which region is the main market for dating services?
- How is the market segmented by type, service and demographics?
- What are the factors driving and challenging the industry?
- Who are the key players in the global dating services market?
- What is the competitive environment in the market?
- What are the stages of the industry value chain?
Key attributes:
report attributes | detail |
number of pages | 147 |
Forecast period | 2022-2028 |
Estimated market value in 2022 (USD) | $8.7 billion |
Projected market value to 2028 (USD) | $13 billion |
compound annual growth rate | 6.9% |
Target area | global |
For more information on this report, please visit https://www.researchandmarkets.com/r/rxjtut.
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Global dating service market