Dating industry in india

How big is the online dating industry in India?

The online dating industry in India is worth over ₹2,394 crore ($323 million), and the country is the third-largest revenue generator, after the US and China. It seems that despite the prevalence of arranged marriages, Indian youngsters are willing to break traditional norms.

Is dating a part of Indian society today?

Modernization and technology are surely part of Indian society today. Urban Indian, who are more modern than the rural ones, make the most of social media use for dating. In India, there are so many dating sites you can find. Finding partners through dating sites is now also a lifestyle in modern India.

Are dating apps a top 10 city phenomenon in India?

Others, like Sreedhar Prasad, partner and head, consumer markets and internet business, KPMG India, however, are sceptical. He reckons these companies will have to devise a long-term plan for survival, saying, “Dating apps are a top 10 city phenomenon in India, just like ecommerce apps.

Which dating app saw a 300% increase in signups in India?

The growing culture of online dating in India Dating app QuackQuack saw a whopping 300 percent increase in signups from smaller cities and towns and that took their current user base to 11 million. Published: 19th December 2020 11:46 AM | Last Updated: 19th December 2020 11:46 AM | A+ A A-

What is the size of the online dating industry?

Online Dating Industry Market Size. According to research firm IBISWorld, dating services in the US will be a $3 billion a year business in 2018, growing since the previous year. Around 15% of US adults, or around 50 million Americans, say that they have or continue to use websites or mobile dating apps in their pursuit of romance.

How much money do online dating companies make in India?

According to online market researcher Statista, Indian online dating companies are expected to earn around $13 million in 2018, with nearly half the singles (41 million) from the 2011 census on dating apps by 2022.

What is the future of the online dating market?

As per MarketWatch, the online dating market size is expected to cross $10,378 Million by 2026. The online dating industry has observed tremendous growth over the past few years. We would notice higher growth of the industry in the years to come. Some essential factors indicate that the dating industry will have a large market size in the future.

Which region is expected to hold largest market share of online dating?

North America is expected to hold the largest market share of Online Dating over the forecast period followed by Europe. North America is being considered as the mature market for the online dating services industry. According to 2016 data, approximately 43 million users were active on different online dating apps in North America.

Which dating app saw a 300% increase in signups?

Dating app QuackQuack saw a whopping 300 percent increase in signups from smaller cities and towns and that took their current user base to 11 million. Published: 19th December 2020 11:46 AM | Last Updated: 19th December 2020 11:46 AM | A+ A A-

Which is the most popular dating site in India?

It has staked its claim as the most popular dating site in the country, and the app has won out over ample competition. Known for its quirky name, QuackQuack has become a popular networking app for Indians.

Why are dating apps becoming more popular?

Global Dating App Users Increases in usage have been primarily pushed by newer applications, such as Tinder, Bumble and Hinge, which are mobile based and far more tailored to casual dating. In the past few years, Bumble and Hinge have attempted to shift from Tinder, by marketing their product as more for relationships than hook-ups.

Is Bumble the best dating app in India?

Apart from the amazing features, Bumble’s privacy policy is highly reliable. To maintain security and privacy, users can always block, unmatch or report a profile if they find it to be suspicious. OkCupid is presumably one of the best dating apps in India. The matches on this platform are not based on pictures rather a series of questions.