Global Dating Services Market Reaches $8.7 Billion in 2022, Set to Surge to $13.0 Billion by 2028

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Oct 25, 2023, 21:00 ET

DUBLIN, Oct. 25, 2023 /PRNewswire/ -- The "Dating Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global dating services market has witnessed substantial growth, reaching a market size of US$ 8.7 billion in 2022. Looking ahead, market analysts project continued expansion, with the market anticipated to reach US$ 13.0 billion by 2028, exhibiting a robust Compound Annual Growth Rate (CAGR) of 6.49% during the forecast period from 2023 to 2028.

Dating services encompass online platforms where members can connect with new people and seek potential partners. Online dating services typically offer digital messaging features that facilitate communication and aid in matching users with compatible individuals. With user-friendly interfaces, real-time messaging, extensive social networks, and location-based dating capabilities, online dating services have gained popularity, especially among young people. Users often conduct searches based on various factors like age, gender, and location to find suitable matches that align with their lifestyles and preferences. To enhance communication between users, many dating services also provide in-app voice calling and video calling features alongside text messaging.

Key Market Trends:

The global dating services market is primarily driven by the growing popularity of online dating apps, particularly among the younger population. This trend can be attributed to increased exposure to various social media platforms and the rising inclination to form online connections. Additionally, the convenience and ease of using these services to initiate and maintain romantic relationships contribute to their widespread adoption.

The proliferation of smartphones, coupled with increased internet penetration, presents ample growth opportunities for the market. The market also benefits from a rising number of single individuals seeking specific characteristics in potential partners. Aggressive marketing strategies employed by major market players contribute to a positive market outlook. Other factors driving market growth include rapid digitization, surging sales of smart devices, rising disposable incomes, and extensive research and development (R&D) activities.

Key Market Segmentation:

The report offers a comprehensive analysis of key trends within each sub-segment of the global dating services market, along with forecasts at the global, regional, and country levels for the period from 2023 to 2028. The market is categorized based on type, service, and demographics.

Breakdown by Type:

Online
Traditional

Breakdown by Service:

Matchmaking
Social Dating
Adult Dating
Niche Dating

Breakdown by Demographics:

Adult
Generation X

Breakdown by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Competitive Landscape:

The report thoroughly examines the competitive landscape of the industry, featuring profiles of key players such as Bumble, Coffee Meets Bagel, Eharmony (Parship Group GmbH), Love Group Global Ltd, Match Group Inc., rsvp.com.au Pty Ltd, Ruby Life Inc., Spark Networks SE, and The Meet Group Inc. (ParshipMeet Holding GmbH).

Key Questions Answered:

How has the global dating services market performed, and what are the growth prospects for the coming years?
What is the impact of COVID-19 on the global dating services market?
Which regions are the key markets for dating services?
How is the market segmented by type, service, and demographics?
What are the factors driving and challenging the industry?
Who are the key players in the global dating services market?
What is the competitive landscape of the market?
What are the stages in the industry's value chain?

For more information about this report visit https://www.researchandmarkets.com/r/9dlmey

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