Online Dating Services Market Is Set for a Rapid Growth and is Expected to Reach USD Billion by 2025

Summary

The New Report “Artificial Lift System Market” published by Premium Market Insights, covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The online dating services market was valued at $6,400.0 million in 2017, and is projected to reach $9,202.7 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. The service sector has been booming at a tremendous rate over the past couple of years. With increase in rate of internet penetration across the globe, the service sector has evolved by availing its service online for the sake of convenience and easy accessibility. The online dating service industry has been enduring with the same kind of trend.

Over the past couple of years, rise in number of singles has been witnessed across the globe. For instance, according to the recent survey carried out by the Bureau of Labor Statistics, about 124.6 million Americans are single. Similarly, in 2014, out of the 23.6 million people living in Australia, about 3.5 million are said to be single. Here single status is being defined to be unmarried. Customers especially in the age group of 20s and 30s invest most of their time building up their career and looking out for other ways to achieve their goals for better future rather than getting married. Considering relationships and commitments, majority of the demographic segments prefer subscribing or logging into social media or online dating sites, which require minimal efforts on finding their significant others.

Top Companies Covered in this Report:

Badoo, eharmony, Inc., Grindr LLC, Love Group Global Ltd, Match Group, Inc., Spark Networks SE, The Meet Group Inc., Spice of Life, Zoosk Inc., and rsvp.com.au Pty Ltd.

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Various online dating service providers are now using artificial intelligence to provide guidance or suggestion to their customers on whether to go on a first date with person that they have met online. For instance, recently, eHarmony, one of the key players in online dating services, announced on developing an AI-enabled feature that nudges users to suggest meeting in person after chatting.
Behavior-based matching is another innovative featured service that is being projected to gain higher demand in the future. This involves the growing prominence of wearable technology, i.e., Internet of Things (IoT). The biggest challenge faced by users of online dating services is knowing what they want from a relationship. This can cause issues when being asked to input information about yourself and the kind of person the user would like to meet, which can then lead to poor matches.

Key benefits

The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world online dating services market.
The market projections from 2018 to 2025 along with the impacting factors are mentioned in the report.
The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.
In-depth analyses of the key segments of the market demonstrate the consumption of a online dating services market in different applications across different end-user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Online Dating Services Market Size
2.2 Online Dating Services Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Online Dating Services Market Size by Manufacturers
3.2 Online Dating Services Key Players Head office and Area Served
3.3 Key Players Online Dating Services Product/Solution/Service
3.4 Date of Enter into Online Dating Services Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Online Dating Services Sales by Product
4.2 Global Online Dating Services Revenue by Product
4.3 Online Dating Services Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Online Dating Services Breakdown Data by End User

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Posted by on Monday March 30 2020, 7:59 PM EDT. All trademarks acknowledged. Filed under Consumer & Retail, Retail. Comments and Trackbacks closed. Follow responses: RSS 2.0

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