Consequently, it is no surprise that the business is booming with the many thousands of apps and websites available. In fact, the dating sector is now one of the fastest evolving industries on the planet and with record numbers of singles turning to the Internet to find every kind of relationship imaginable, there shows no signs of it slowing down. Young adults are leading the surge in online dating, with the greatest usage among 18—year-olds. A study has revealed that 55—year-olds are also flocking to online dating in increasingly greater numbers. In the U.
Forecast: U.S. mobile dating market revenue 2009-2017
Of Love and Money: The Rise of the Online Dating Industry | Nasdaq
In the last few years, the service sector has boomed tremendously. With the growth of Internet penetration throughout the world, the service industry has developed through the use of its online service for comfortable and simple access. The online dating sector has pursued the same trend. Online dating service provides an optimal platform for consumers to communicate via computer or mobile apps with interested individuals. With more and more consumers embracing the concept of meeting a random stranger through internet renowned services, internet dating services have become highly credible. The verification procedures have also been tightened because very few counterfeit profiles have become a secure environment for customers in the online dating service.
Segmentation and Growth Analysis for Online Dating Services Market by Technavio
While online dating was once considered taboo, the number of couples meeting online has more than doubled in the last decade to about 1-in This unique dataset charts a significant shift in the way couples meet each other, and demonstrates how our changing communication habits are driving massive growth in the online dating market. Tinder globally popularized app-based matchmaking when it launched on iPhones in , and later on Android in
The dating service industry has exhibited strong growth in terms of sales, and has been evolving continuously over the past couple of decades. This is attributable to rise in number of singles around the globe, especially in North America, Europe, and Asia-Pacific. Surge in internet penetration around the globe has resulted in significant growth of the online dating services market.