Online Dating Market: Global Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, Segmentation by service, subscription, and Region.

Online Dating Market size was valued at US$ 2.53 Bn. in 2021 and the total revenue is expected to grow at CAGR 7.24% through 2021 to 2029, the Online Dating Market is reaching nearly US$ 4.42 Bn.
Global Online Dating Market Overview:
Online Dating is also known as Internet Dating, is a platform where people introduce themselves and find connections to develop personal, romantic, or sexual relationships. Online Dating platforms offer digital messaging, voice calling, and video calling features to enhance communication among people. Currently, in society, online dating services have become a social trend to increase the interaction among common interest people. There are around more than 1,500 online dating sites and applications across the globe and they used complex algorithms to match millions of users together.


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Global Online Dating Market Dynamics:
Increasing usage of internet services enhancing the accessibility of various online platforms for dating is one of the key factors, is driving the growth of the Online Dating Market across the globe. According to Telecom Regulatory Authority, As of January 2021, there are 4.66 billion active users across the globe, which are 59.6 % of the global population. The investor sees online dating as a worthwhile market, which is expected to accelerate the business's growth.

A growing number of dating, online meetings, texting, and marriages are boosting the number of websites, applications, and software for online dating is fueling the significant growth of the Online Dating Market. Social trends and increased dating and marriage outside traditional social circles growing the rates of interracial marriage, attributing the growth of the Online Dating Services Market during the forecast period.

On 29 March 2021, Tinder Inc. one of the leading companies for online dating services has announced, the company has recorded around more than 3 billion swipes to fuels growth in online dating apps. In Oct 2021, Match Group’s Hinge app added audio recording features to its app, which is a new feature among all online dating service providers. The addition of interactive media experiences is boosting the product demand growth during the forecast period.
Global Dating App Users:
In 2021, there were about 1.250 billion online dating sites or app users around the world. The number is expected to reach 1.310 billion in 2021.
Global Dating App Market Share:
Global Online Dating Market Segment Analysis:
Based on the Service, the Online Dating Market is segmented into Matchmaking, Social Dating, Adult Dating, and Niche Dating. The Social Dating segment held the largest market share accounted for 34.10% in 2021, and it is expected to grow at a CAGR of 8.1% during the forecast period. The rising factors like instant hook-ups relationships by using online dating services are fueling the rapid growth of this segment. The accessibility of smartphones and internet connectivity has risen the usage of dating services among people has allowed dating service providers to grow rapidly across the globe.

Based on the Subscription, the Online Dating Market is segmented into Annually, Quarterly, Monthly, and Weekly. The quarterly subscription segment held the largest market share of 29.36% in 2021, and it is expected to witness rapid growth at a CAGR of 6.9% during the forecast period. The major players like Tinder, Badoo, and match.com in the online dating services market provide attractive offers to boost subscriptions and sales, resulting in the online dating industry's overall growth across the globe. For instance, Tinder is providing remunerative offers and deals to the consumer, who are choosing a quarterly subscription after more than one iteration. These kinds of approaches from companies are expected to further boost the demand for this segment. The Weekly Subscription is expected to grow at a CAGR of 2.93% during the forecast period. The add-on paid features and high cost of subscription provide sluggish market growth of this segment.
Global Online Dating Market Regional Insights:
North America region held the largest market share accounting for xx% in 2021. North America is known as one of the mature markets for the online dating services industry. According to Online Dating Industry, in the U.S., about 0.073 billion users are active on different online dating apps in 2021, thus increasing the growth of this market. Tinder, Badoo, Bumble, and PlentyOfFish were the most common dating platforms in the United States in 2021.

Asia Pacific region is expected to witness a significant CAGR of 8.4% during the forecast period. In the Asia Pacific region, India and China are dominating the markets, as the increasing trend of online dating and changing lifestyles are fueling the online dating market for this region.

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Top 5 Countries by Online Dating Revenue:
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

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Global Online Dating Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.53 Bn.


Forecast Period 2022 to 2029 CAGR:
7.24%
Market Size in 2029:
US $ 4.42 Bn.


 Segments Covered:
by Service
• Matchmaking
• Social Dating
• Adult Dating
• Niche Dating


by Subscription
• Annually
• Quarterly
• Monthly
• Weekly



Global Online Dating Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• The Middle East and Africa
Global Online Dating Market Key Players
• Tinder
• Bumble
• OkCupid
• Coffee Meets Bagel
• Match.com
• Her
• Grindr
• Plenty of Fish
• Zoosk
• eHarmony
• JiaYuan
• BaiHe
• ZheNai
• YouYuan
• NetEaseand
Frequently Asked Questions:
1] What segments are covered in the Online Dating Market report?
Ans. The segments covered in the Online Dating Market report are based on Service and Subscription.

2] Which region is expected to hold the highest share in the Online Dating Market?
Ans. The North America region is expected to hold the highest share in the Online Dating Market.

3] What is the market size of the Online Dating Market by 2029?
Ans. The market size of the Online Dating Market by 2029 is US $ 4.42 Bn.

4] What is the forecast period for the Online Dating Market?
Ans. The Forecast period for the Online Dating Market is 2022-2029.

5] What was the market size of the Online Dating Market in 2021?
Ans. The market size of the Online Dating Market in 2021 was US $ 2.53 Bn.