Online dating has been around for more than 20 years, but for the most part, the goal has been to eventually meet your new paramour face to face. Virtual reality could change that. According to the latest market study released by Technavio, the global online dating services market is set to grow at a CAGR of over 5% until 2021. According to the Pew Research Center, between 20, online dating usage has tripled among those between the ages of 18 and 24. Beyond its existing users, dating services benefit from tailwinds such as an untapped market, increasing millennial spending power, young people delaying life milestones such as marriage and home purchasing, as well as working longer hours.
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At the same time, public attitudes towards online dating have grown more positive in the last eight years 59% of all internet users agree with the statement that “online dating is a good way to meet people,” a 15-point increase from the 44% who said so in 2005. According to Verified Market Research, Global Online Dating Services Market was valued at USD 6.55 Billion in 2018 and is projected to reach USD 9.39 Billion by 2026, growing at a CAGR of 4.62 % from 2019 to 2026. Disclaimer This website contains adult material, all members and persons appearing on this site have contractually represented to us Online Dating Market Research that they are 18 years of age or older. Persons appearing in photographs may not be actual members. Other data for illustrative purposes only. We Take Online Safety Serious, Stay Safe!
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Global Online Dating Services Market is projected to be valued at US$ XX Mn in 2019 and register CAGR of XX% in the next 10 years. The global online dating services market report has been segmented on the basis of preference, age, gender, subscription, and region, to offer in-depth analysis of the market. Overview Revenue in the Online Dating segment amounts to US$1,958m in 2019. Revenue is expected to show an annual growth rate CAGR 2019-2023 of 6.0%, resulting in a market volume of US$2,471m by 2023. User penetration is 3.0% in 2019 and is expected to hit 3.6% by 2023.
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New Jersey United States, – The recent report added by Verified Market Research gives a detailed account of the drivers and restraints in the Online Dating research report, titled Online Dating Market Size, Analysis and Forecast 2019-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application presents a comprehensive take on the overall market. Key Market Dynamics The Global Online Dating and Matchmaking Market research report provides thorough forecasts on the latest market trends, development patterns, and research methodologies. Some of the factors that are directly influencing the market include the production strategies and methodologies, development platforms, and the product.