Segmentation by Type (Casual, Socializing and Marriage), Geography (North America, APAC, Europe, South America and MEA) and Revenue (Advertising and Subscription) – Forecast to 2024 | Technavio

Parent Market Analysis

Technavio classifies the global online dating services market as part of the global specialty consumer services market within the global consumer discretionary market.

Technavio uses total revenue generated by manufacturers to estimate the size of the global online dating services market. The external factors influencing the growth potential of the parenting market in the coming years have been thoroughly studied in our research analysis, to learn more about the growth levels of the Online Dating Services market throughout the period forecast, Download a free sample

Online Dating Services Market value chain analysis

To maximize profit margins and evaluate business plans, an end-to-end understanding of online dating services is necessary. The report will help vendors reduce costs and improve customer services over the forecast period.

  • Submissions
  • Operations
  • Marketing and Sales
  • Support activities
  • Innovation

To unlock information on supplier travel costs and customer service, download our free sample report.

Supplier Information

The market for online dating services is fragmented, and vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the most of this opportunity, sellers in the market should focus more on the growth prospects of the fast-growing segment while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of the vendors operating in the Online Dating Services Market including some of the vendors such as Coffee Meets Bagel, eHarmony Inc., EliteMate.com LLC, Happn SAS, Love Group Global Ltd., Match Group Inc., Spark Networks SE, Tastebuds Media Ltd., The Bumble Group, The Meet Group Inc.

Backed by competitive intelligence and benchmarking, our Online Dating Services Market research reports are designed to provide entry assistance, client profiling and M&A as well as strategy support of placing on the market.

Product information and news

  • Coffee meets bagel Offers online dating services and uses an intelligent algorithm to provide curated quality matches for users
  • eHarmony Inc. Offers online dating services such as Asian dating, black dating, Christian dating, senior dating, free dating, Hispanic dating, and local dating.
  • EliteMate.com LLC. – Offers online dating services for single men and women with instant access to exclusive features such as full search, instant messaging, private messaging, live chat rooms, video profiles, personality matching.

The Online Dating Services Market forecast report offers in-depth information on key vendor profiles and offerings Download a free sample report

Geographical Highlights

Online Dating Services Market Share Growth in North America will be significant during the forecast period. The United States is the key market for online dating services in North America. The market growth of this region will be slower than that of Europe, Asiaand South America.

The market is heavily influenced by the huge popularity of online dating services in North America. According to young people, the most reliable option for finding a companion is online dating services. Locals are more open to random dating, which has led to a high demand for online dating services. Due to the increased use of smartphones and the internet in the region, as well as the concept of informal meetings, the use of online dating applications is growing in the region and people are expressing their satisfaction with of their online dating. Moreover, the expansion of the market is fueled by the high adoption rates of smartphones and internet in the region.

In addition, countries like the United States, ChinaUK, Germanyand Japan are the key market for online dating services in North Americadue to increase in smartphone and internet penetration in this region.

To unlock the best strategies practiced by the region that generates maximum growth, View sample report

Key Market Dynamics-

  • Key Drivers of Online Dating Services Market:
    • Little hassle to find a partner

Traditional dating services, such as speed dating, are gaining popularity on the Internet platform. People can search for dates on their smartphones without meeting them in person. People spent a lot of time trying to impress others before online dating became popular. Now people can quickly make new friends with the availability of online dating. People might get to know someone before trying to impress them. When successful, online dating increases a person’s confidence and improves their social life.

  • Key Trends in the Online Dating Services Market:
    • The growing number of subscribed users

The majority of online dating sites operate on a freemium model, which allows users to sign up for free and use the service until they decide to pay for the additional benefits of the subscription model. With an increasing percentage of user choices for the subscription model, companies are not sharing all of their goods with free consumers. As a result, freemium users have an incredibly low chance of finding a match, prompting them to switch to a subscription model. The provider is attracted to the idea of ​​tweaking the matching algorithm, which would allow more people to subscribe to its services.

Download a free sample for Highlights on Market Drivers & Trends Affecting Online Dating Services Marlet.

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Scope of the online dating services market

Report cover

Details

Page number

120

base year

2019

Forecast period

2020-2024

Growth momentum and CAGR

Decelerate at 9% CAGR

Market Growth 2020-2024

$3.56 billion

Market structure

Fragmented

Annual growth (%)

1:32 p.m.

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

North America at 37%

Main consumer countries

USA, China, UK, Germany and Japan

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Coffee Meets Bagel, eHarmony Inc., EliteMate.com LLC, Happn SAS, Love Group Global Ltd., Match Group Inc., Spark Networks SE, Tastebuds Media Ltd., The Bumble Group and The Meet Group Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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