Online Dating Services Market to Grow by USD 3.56 bn | Technavio
NEW YORK, March 10, 2022 /PRNewswire/ -- The online dating services market is expected to grow by USD 3.56 bn from 2019 to 2024. The growth momentum of the market will decelerate at a CAGR of 9% during the forecast period. The online dating services market is segmented by type (casual, socialize, and marriage) and geography (North America, APAC, Europe, South America, and MEA).
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The online dating services market covers the following areas:
Online Dating Services Market Sizing
Online Dating Services Market Forecast
Online Dating Services Market Analysis
Drivers and Challenges
The low hassle in order to find a partner is one of the key factors driving the growth of the online dating services market. Dating services are gaining popularity on online platforms from traditional dating services such as speed dating. With the help of these services, people can search for their dates through smartphones without meeting them personally. The availability of online dating can provide users easy access to different people. Moreover, online dating, if successful, boosts the confidence of people and enhances their social life.
The limited trust in online dating services will challenge the online dating services market during the forecast period. Online dating services have become a widespread phenomenon. However, these services are not preferred by a large segment of the population. People have certain concerns about online dating, such as an abrupt end to a relationship, increasing someone's hopes, and feeling vulnerable in front of strangers, especially in South Asian countries. As these countries have a high population, the perception of dating services is a huge challenge to the online dating services market.
Key Vendors Analysis
The online dating services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report offers information on several market vendors, including 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., among others. The key offerings of some of these vendors are listed below:
- Coffee Meets Bagel - The company offers online dating services and uses smart algorithms to provide quality matches curated for users.
- eHarmony Inc. - The company offers online dating services such as Asian dating, black dating, Christian dating, senior dating, free dating, Hispanic dating, and local dating.
- EliteMate.com LLC - The company offers online dating services for single men and women with instant access to exclusive features like full searching, instant messaging, private email, live chat rooms, video profiles, personality matching.
- Happn SAS - The company offers online dating services to find people the users crossed paths with.
- Love Group Global Ltd. - The company offers online dating connections for all single persons across the world. The company manages a range of dating brands such as Lovestruck and Noonswoon.
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Online Dating Services Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2019 |
Forecast period | 2020-2024 |
Growth momentum & CAGR | Decelerate at a CAGR of 9% |
Market growth 2020-2024 | USD 3.56 billion |
Market structure | Fragmented |
YoY growth (%) | 13.32 |
Regional analysis | North America, APAC, Europe, South America, and MEA |
Performing market contribution | North America at 37% |
Key consumer countries | US, China, UK, Germany, and Japan |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | 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. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Casual - Market size and forecast 2019-2024
- Socialize - Market size and forecast 2019-2024
- Marriage - Market size and forecast 2019-2024
- Market opportunity by Type
Market Segmentation by Revenue
- Market segments
- Comparison by Revenue placement
- Advertising - Market size and forecast 2019-2024
- Subscription - Market size and forecast 2019-2024
- Market opportunity by Revenue
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- 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
- The Meet Group Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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