Dating Services Market is Projected Expansion to $9.9+ Billion Market Value by 2026, with at a 5.2% CAGR from 2019 to 2026

According to a new report published by Allied Market Research, titled, " Global Dating Services Market by Type, Service and Demographics: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global dating services market size was $6.7 billion in 2018, and is expected to reach $9.9 billion by 2026, registering a CAGR of 5.2% from 2019 to 2026.

Dating services including both online and traditional are platforms/services whereby an individual can search, contact and meet each other over to arrange a date, usually with the intention of developing a romantic, personal, or casual relationship. The popularity of online dating has increased substantially since its inception. The dating services market has seen substantial growth owing to advancement of new technologies location-tracking virtual dating, machine leaning, artificial intelligence.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: www.alliedmarketresearch.com/request-sample/6245

The overwhelming presence of technology will continue to optimize the process, improvise features and provide utmost convenience to the users. Machine Learning and AI are now being used to make better matches based on users' actions rather than solely relying on stated preferences. Furthermore, engaged players such as Oculusare are using VR tech and providing virtual dating lessons to help customers learn how to approach women.

Buoyed by the surge in user base and widespread acceptance of dating applications, social media platforms such as Facebook are now entering in the U.S. market to capitalize on growing opportunities in the industry. At the same time these companies also faces stiff competition from apps such as OKCupid, Tinder and Bumble.

While dating industry is flourishing with proliferation in niche segment, advancements in technologies and rendering unique experiences, the push come with its own sets of unique challenges. Fraudulent activities, and data privacy remains key challenges for engaged stakeholders in the market. Concerns over personal data security on online dating apps and sites remains one of the key challenge amongst users.

Recent years have seen exponential increase in data breaches through dating and social media platforms. Notable examples includes hacking of credentials for more than 32 million registered Ashley Madison users, 20 million email addresses along with usernames of Russia-based dating site Topface and about a million users personal details including sexual preferences, income and home address of dating website Beautifulpeople.com.

The global dating services market is segmented into type, service, demographics and region. Based on type, the global market is bifurcated into online and offline. Depending on service, the market is studied across matchmaking, social dating, adult dating and niche dating. Based on demographics, the global market is segmented into adults and generation X. Region wise, the dating services market growth is studied across North America, Europe, Asia-Pacific, and LAMEA

Key Findings of the Dating Services Market :

The online segments dominate the global market with more than 90% market share in 2018.

In 2018, based on services, the matchmaking segment accounted for about one-third of the global dating services market trend. However, the social dating segments is expected to witness robust growth with a CAGR of 6.4%, during the forecast period.

The adult segment mainly comprising of millennials and Generation Z will continue to lead in terms of revenue generation during the analysis period.

North America leads in terms of dating services market share and is expected to gain incremental opportunity of about $819 million during the dating services market forecast.
In 2018, based on region, Asia-Pacific is anticipated to grow with robust CAGR of 7.4% during the forecast period.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭: www.alliedmarketresearch.com/purchas…quiry/6245

Some of the key players operating in the dating services market includes
Grindr LLC
Love Group Global Ltd.
Badoo
eharmony, Inc.
The Meet Group Inc.
Spice of Life
Match Group, Inc.
Spark Networks SE
Zoosk Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.

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