Dating sector

How big is the online dating industry?

The online dating industry is expected to break past the $1 billion barrier by 2024, with a projected CAGR of 5.1%. 11% of American adults surveyed have spent money on online dating.

How has the dating industry changed over the years?

And with record numbers of singles turning to the Internet to find love, friendships and hookups, it shows no signs of slowing down. Led by Millennials, the dating industry has morphed from a socially strange concept to almost universally accepted in just a few years. But where is it heading?

What is the future of dating services?

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.

Is China the next big market for online dating?

Even though China has become a key market for online dating, unless there is a social revolution that empowers casual dating over finding a partner, we expect the market to remain smaller than North America and Europe.

What is the market size of online dating market?

Online Dating Services Market Outlook - 2025. 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.

What is the future of online dating industry?

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.

How big is the dating industry in 2018?

Melissa has worked in ECM, tech startups, and management consulting, advising Fortune 500 companies across multiple sectors. Dating services in the US will be a $3 billion a year business in 2018, growing since the previous year.

How many people use online dating apps?

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. Some predict that revenue is expected to grow 25% by 2020. Still, its a fast-growing industry.

What is the size of the online dating market?

The global online dating application market size was valued at USD 7.05 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2028. The growth of the market can be attributed to the proliferation of smartphones and the rising internet penetration.

Is online dating the future of the Chinese dating industry?

Online dating is growing fast, giving impetus to the development of the dating industry in China. The statistics of Chinese local civil affairs departments show a rise in the age of marriage among Chinese urbanites. For example, in 2018, the number of newly registered marriages in Hangzhou reached over 65,000.

How much money does China make from dating in 2021?

In 2021, the annual revenue of China’s online dating and matchmaking businesses was estimated to be 6.8 billion yuan. What are the Chinese dating characteristics?

How dating apps can achieve a huge success in China?

As dating apps have become more effective around the world, online dating has gradually evolved into a global phenomenon. Deeper understanding of users and enhancing of user interaction will help apps to achieve a huge success in the dating industry in China.