Press release
Online Dating Services Market Size Estimated to Reach $10,378 Million by 2026
Online Dating Services Market
Full Report Link @ https://www.industryarc.com/Research/Online-Dating-Services-Market-Research-507129
Online Dating Services Segment Analysis – By Service
The global Online Dating Services Market based on Service can be further segmented into Matchmaking, Social Dating, Adult Dating, and Others. The Social Dating segment is the major segment generating the revenue in 2020. This is owing to increasing instant hookup relationships and rising availability of internet connectivity increases the usage of dating services among adults. The Matchmaking segment is estimated to register the fastest CAGR of 2.2% for the period 2021-2026. This is owing to increasing marriage agreement in matrimonial websites that rising demand for matchmaking services and are increasing the growth of this segment.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=507129
Report Price: $ 5900 (Single User License)
Online Dating Services Segment Analysis – By Subscription
The global Online dating Services Market based on Subscription can be further segmented into Annually, Quarterly, Monthly, and Weekly. The Quarterly segment registers for the Online Dating Services highest market share in 2020. This is mainly owing to increasing attractive deals to increase the subscription for the growth of company. Various companies such as Tinder is providing various offers to the customer opting for a quarterly subscription after more than one iteration that increases the growth of this segment. The Monthly segment is estimated to register a CAGR of 1.8% over 2021-2026. This is mainly due to offers add-on paid features and reduces the cost of subscription that are increasing the growth of this market.
Online Dating Services Segment Analysis – By Geography
North America dominated the Online Dating Services Market with major share of 40% in 2020. This is owing to high adoption of online dating services and increasing consciousness regarding appearance among population. According to Online Dating Industry, in U.S., about 43 million users are active on different online dating apps in 2020, thus increasing the growth of this market. However, Asia-Pacific is projected to outpace all the regions by clocking the highest CAGR during the forecast period 2021-2026 owing to the rising adult population and increasing usage of smartphones.
Online Dating Services Market Drivers
Rise in the Usage of Internet Services
Increasing usage of internet services increases the visibility of various online platforms for dating services that increases the growth of the Online Dating Services Market. Moreover, increasing number of adult population increases the usage of internet and according to Telecom regulatory Authority, the number of internet subscribers increased from 743.19 million in March 2020 that increasing the growth of the Online Dating Services Market over 2021-2026.
Increasing Dating and Marriage
Rising number of dating and marriage increases the number of websites and software for online dating that increasing the growth of the Online Dating Services Market. Moreover, social trends and increased dating and marriage outside traditional social circles rising the rates of interracial marriage that are contributing to the growth of Online Dating Services Market over 2021-2026.
COVID Impact:
COVID-19 pandemic had greatly affected the Online Dating Services Market. During pandemic, there is isolation, lockdowns, social distancing which creates dullness among people. So, the usage of smartphones increases which increases the conversation in dating app and are positively impacting the growth of the market.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=507129
Online Dating Services Market Challenges
Rising Fake Accounts
The factors that is set to impede the growth of the Online Dating Services Market are the issue on fake online accounts. Moreover, rising trust issue in initiating talk which hampers the reputation of online dating sites is set to create hurdles for the Online Dating Services Market.
Online Dating Services Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Online Dating Services Market. Online Dating Services top 10 companies include, 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.
Acquisitions/Product Launches
In 29 March 2020, Tinder Inc. announced that the company recorded around more than 3 billion swipes that increases the growth in online dating apps.
Key Takeaways
Geographically, in 2020, North America dominated the Online Dating Services Market owing to high adoption of online dating services and increasing consciousness regarding appearance among population.
Rise in the usage of internet service and increasing dating and marriage is likely to aid in the market growth of the Online Dating Services.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Online Dating Services Market report.
Rising fake accounts is set to create hurdles for the Online Dating Services Market.
Related Reports :
A. Social Media Contextual Advertising Market
https://www.industryarc.com/Report/18988/social-media-contextual-advertising-targeted-advertising-market-analysis.html
B. Social Media Security Market
https://www.industryarc.com/Research/Social-Media-Security-Market-Research-500584
For more Consumer Products and Services Market reports @ https://www.industryarc.com/Domain/11/consumer-products-services-research-consulting-analytics.html
Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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 Size Estimated to Reach $10,378 Million by 2026 here
News-ID: 2311495 • Views: …
More Releases from IndustryARC
Professional Diagnostics Market Size to Grow at a CAGR of 6.3% During the Foreca …
Professional Diagnostics Market size in 2020 is estimated to be $45 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Professional diagnostic is the diagnostic method which are used for faster detection of various diseases such as tuberculosis, cancer, malaria, and others. The main purpose of professional diagnostics is to diagnose or monitor disease in early condition so that treatment can be started so that this diagnostic…
Body Dryer Market Size to Grow at a CAGR of 6.0% During the Forecast Period 2021 …
Body Dryer Market size was valued at $2,978 million in 2020 and is anticipated to reach $5,143 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Body Dryer industry growth rate is attributed to the rising need to reduce medication errors and development of automated systems with improved features and is likely to new opportunities. Body dryers are type of air…
India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026
The India P2P lending Market size is forecast to reach $10.5 billion by 2026, after growing at a CAGR of 21.6% during the forecast period 2021-2026. The Peer to Peer Lending Market growth is attributed to increasing transparency in P2P lending with technologies such as block chain and smart contracts being incorporated into lending platforms. The Indian Government’s enthusiastic promotion of cashless technologies has also managed to restructure the financial…
Cloud Relational Database Market Forecast to Reach $18.8 Billion by 2026
Cloud Relational Database Market is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Cloud Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the…
More Releases for Dating
All Dating Blog Launches Comprehensive Guide for Navigating the Dating World
Dating doesn't mean that you get the right one. It's just an opportunity to find the right one. If things work out, you end up being in a relationship. But if you don't feel that connection, you can end it right away and look for another dating partner. But during that whole process, knowing what he likes, what makes her happy, what online dating mistakes to avoid, etc. helps you…
Dating App Never Married Dating Launches World's First Ever Dating App For Never …
Never Married Dating (nevermarrieddating.com), is a comprehensive, user-friendly dating app website. The platform is excited to announce its launch.
Never Married Dating App [https://www.nevermarrieddating.com/] - a dating platform for people who have never been married before, has now officially launched.
Never Married Dating (nevermarrieddating.com), is a comprehensive, user-friendly dating website. The platform is excited to announce its launch of its new app, offering mobile phone users a new way to find…
Why Niche Dating Markets Can Be More Profitable Than Mainstream Dating
The dating industry has experienced a significant boom in recent years. With the rise of mainstream dating apps like Tinder and Bumble, the market seems to be saturated. However, while many affiliates and marketers operate in highly competitive mainstream sectors, the niche dating market offers a unique opportunity for higher profitability. Why is that?
A High Level of Personalization is the Key to a Great Customer Experience
In today's world,…
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 for Avatars: Virtual World Next Island’s Offers Virtual Dating Advice
New York, February 1, 2011, -- Free-to-play virtual world Next Island (NextIsland.com) introduces virtual dating coach, Metis.
Dating and relationship expert J from the popular website Geek’s Dream Girl (GeeksDreamGirl.com) will be live in Next Island’s Crystal Resort as avatar dating coach, Metis, answering players’ questions on life and love. J has written extensively on dating and romance, and, with Geek’s Dream Girl, she’s helped hundreds of online daters find love.
Next…
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…
