openPR Logo
Press release

Online Dating Services Market Registering a 4.7% CAGR to Reach $9,202.7 Million, by 2025

02-15-2021 09:32 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: Allied Market Research

Online Dating Services Market

Online Dating Services Market

According to a new report published by Allied Market Research titled, Online Dating Services Market size was valued at $6,400 million in 2017, and is projected to reach $9,202.7 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. In 2017, North America accounted for nearly 38.6% revenue share of the online dating services market.

Online dating service facilitates and creates platforms for its customers to find their significant other based on various parameters that these service providers take into consideration. The global online dating service market is segmented into services, subscription, demography, and region.

On the basis of services, the online dating services market is categorized into matchmaking, social dating, adult dating, and niche. Matchmaking is a process where the services provider facilitates the perfect match between two individuals, based on various factors such as personality, behavior, and earning status. Social dating is predominantly a service targeting the youth, where one can opt to get into long term or any kind of nonmonogamous relationship. Niche dating consists of senior citizens or single parents as their target customers.

Based on subscription, the market is segregated into annually, quarterly, monthly, and weekly subscription. Among these subscription plans, quarterly subscription is most preferred and economical plan for its target customers. Customers subscribe these online dating sites in the view of getting access to various lucrative offers and services that are being provided by these sites. Owing to higher rate of quarterly subscription among target customers, some major service providers strategize by coming up with lucrative offers and discounts.

Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/5212

In terms of demographic, the market is bifurcated into millennial and baby boomers for online dating services industry.

Majority of the customers, especially in their 20s, are reluctant to get into monogamous relationship in this phase of life, since they consider various factors such their career or any other extracurricular activities more important than getting into a long-term relationship. These kind of customers find consensual, nonmonogamous relationship more satisfying, both physically and psychologically. Thus, online dating services serve as an ideal platform for these customers, facilitating casual dating to instant hookups. This has triggered the number of audiences for various online dating services. Hence, in 2017, the millennial segment accounted for 70% of the share in the global online dating services market.

Provision of services such as matchmaking, social dating, or casual dating drives customers to sign up to social dating sites. However, some of the lucrative or customized services are limited to customers who subscribe by paying certain amount. For unpaid customers, such services are restricted to certain extend.

Get detailed COVID-19 impact analysis on the Online Dating Services Market: https://www.alliedmarketresearch.com/request-for-customization/5212?reqfor=covid

With rise in internet penetration, increase in number of users has been witnessed on various social media sites. Some of the social media sites such as Facebook, Twitter, YouTube, Instagram, Tumblr, Snapchat, and others have witnessed significant surge in number of users from all around the globe. Owing to this critical factor, various product and service providers strategize on promoting their products and services on these social media platforms. Social media marketing is one of the major strategies being adopted by various companies on imparting awareness about their service offerings among target customers on social media channels.

In June 2018, Match Group purchased a 51% controlling stake in the dating app Hinge. This acquisition was done to garner dominant position in the online dating market.
In May 2018, Badoo added a live video chat feature to its apps, giving users the chance to talk face-to-face with matches. This launch was done to improve its previous version.

Purchase Inquiry https://www.alliedmarketresearch.com/purchase-enquiry/5212

Key findings of the Online Dating Services Market:
• In 2017, based on services, the social dating segment accounted for around 35% share, growing at a CAGR of 4.7% from 2018 to 2025.
• The matchmaking segment accounted for around 34% share, growing at a CAGR of 4.9% from 2018 to 2025.
• In 2017, based on subscription, the quarterly segment accounted for 34% of the market share, and is expected to growth at the highest CAGR of 4.9%.
• Monthly segment has occupied around 31% share of the share, and is expected to growth at the highest CAGR of 4.9%.
• In 2017, based on demographics, the adult segment accounted for 70% share and is expected to growth at the highest CAGR of 4.9%.
• In 2017, based on region, North America accounted for a prominent market share, and is anticipated to grow at a CAGRs of 4.5% throughout the forecast period.
• North America and Europe together accounted for about 71% of the total global online dating services market in 2018, with the former constituting around 32%.

The key players profiled in this report include Badoo, eharmony, Inc., Grindr LLC, Love Group Global Ltd., Match Group, Inc., Spark Networks SE, The Meet Group Inc., Spice of Life, Zoosk Inc., and rsvp.com.au Pty Ltd.

Report for Customization: https://www.alliedmarketresearch.com/request-for-customization/5212

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Online Dating Services Market Registering a 4.7% CAGR to Reach $9,202.7 Million, by 2025 here

News-ID: 2242137 • Views: 214

More Releases from Allied Market Research

Thin Film Semiconductor Deposition Market Trends (2021-2028): Emerging Trends, M …
Allied Market Research published a new report, titled, "Thin Film Semiconductor Deposition Market By Deposition Technology (Chemical Vapor Deposition (CVD), Physical Vapor Deposition (PVD)), Industry Vertical (IT & Telecom, Electronics, Energy & Power) - Global Opportunities and Forecasts, 2020-2027". The report provides a detailed study of the global thin film semiconductor deposition market covering a number of important aspects such as current market scenario, estimates, top investment pockets, recent trends, changing
South Africa IP Video Surveillance and VSaaS Market Overview (2021-2028): Curren …
Allied Market Research published a new report, titled, "South Africa IP Video Surveillance and VSaaS Market By Component (Hardware, Software, Cloud Based Solutions, Services) and End User (Banking and financial Sector, Retail, Government and Higher Security, Manufacturing and Corporate, Residential, Casino and Entertainment, Healthcare) - Opportunity Analysis and Industry Forecast, 2020-2027". The report provides a detailed study of the South Africa IP Video Surveillance and VSaaS market covering a number of
UV Light Stabilizers Market Overview (2021-2028): Latest Trends, Key Market Dyna …
Allied Market Research published a new report, titled, "UV Light Stabilizers Market By Type (UV Absorbers, Hindered Amine Light Stabilizers (HALS), Quenchers) and Application (Floor Coating, Decking, Automotive Coating, Furniture Coating) - Global Opportunity Analysis and Industry Forecast, 2020-2027". The report provides a detailed study of the global uv light stabilizers market covering a number of important aspects such as current market scenario, estimates, top investment pockets, recent trends, changing dynamics,
Wafer Backgrinding Tape Market to Witness Massive Growth By 2027: Emerging Trend …
Allied Market Research published a new report, titled, "Wafer Backgrinding Tape Market By Type (UV Curable and Non-UV) and Wafer Size (6 Inch, 8 Inch, 12 Inch, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". The report provides a detailed study of the global wafer backgrinding tape market covering a number of important aspects such as current market scenario, estimates, top investment pockets, recent trends, changing dynamics, and vibrant forces

All 5 Releases


More Releases for Dating

Online Dating for Green Singles
A new dating site with an ecological flair Leysin /06th June 2020. Lovearthangels founded a value-oriented online dating site & community "for a better world" at lovearthangels.com. The platform is supposed to be a community of ecologically conscious people, forming and consolidating ideas and values, thus bringing like-minded people together. In this way, users already have a common basis for a trustful and deep communication. We all know that common concerns are
Millionaire Speed Dating
For Immediate Release Contact: Tom Andrews, 415/479-3800 MILLIONAIRE SPEED DATING America's first-ever Millionaire Online Speed Dating Party takes place on Friday May 8, 2020, 7:30-9:30pm. Wealthy singles of all ages are invited to meet new friends safely during the
Internet Dating site Academic Dating reaches 8,000 members
Dating website Academic Dating achieved a milestone in March 2018, reaching 8,000 registered members. The site has been operating since 2007. Academic Dating was originally developed as a dating website for the academic community. However, people from a wide range of backgrounds joined the site and the site now has a wide base of members. The site has an international membership base with members from 203 countries across the globe. The website is totally free
Dating Website Academic Dating Turns 10 Years Old
Dating website Academic Dating celebrated its 10 year anniversary this year. The site now has 4,278 members from 144 countries. Melbourne, Australia -- Dating website Academic Dating (http://www.academicdating.net) achieved a milestone this year 2017, reaching 10 years of operation. The website was originally developed as a dating website for the academic community. However, people from a wide range of backgrounds joined the site and the site now has a wide base of members. The
Dating Service Reviews Top Online Dating Sites
Dating Service provides a review of the top online dating sites and is designed to help you find your perfect someone. The site also provides a complete online dating guide to make your experience of finding a perfect and compatible match, as easy and satisfying as possible. It features a complete guide that includes tips, dos and don’ts, guidelines and other important issues to give you a complete online dating
Dating After Divorce - Dating After Death: Are They The Same?
According to the U.S Census Bureau, there are approximately 700,000 new widows every year. The numbers also illustrate that a staggering 10% of all marriages end in divorce. The emotional and monetary problems that affect those experiencing widowhood or divorce are staggering. This is no small problem, as 32% of women aged 55 and older live alone, according to the 2000 U.S. Census. Now a new book addresses the important