Authored By: Sarah
12 Jan 2022

Online Dating Services Market | Leading Segments, Trends, Drivers and Challenges

Market Recovery and Growth Projections 2020-2024

The online dating services market is expected to grow by USD 3.56 bn, decelerating at a CAGR of almost 9% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.


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Online Dating Services Market Size to Grow by USD 3.56 bn through 2020-2024 | Leading Segments and Market Trends

Online Dating Services Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by Type (Casual, Socialize, and Marriage) and Geographic (North America, APAC, Europe, South America, and MEA).
  • 37% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Online Dating Services Market size.

Online Dating Services Market Size to Grow by USD 3.56 bn through 2020-2024 | Leading Segments and Market Trends

Online Dating Services Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • increasing number of users subscribing will be a significant factor in driving the growth of the Online Dating Services Market.
  • drivers.2 will be instrumental in driving the market growth during the forecast period.
  • limited trust in online dating services is a hurdle that needs to be crossed on the path to success.

Online Dating Services Market: Vendor Analysis

  • The market is fragmented.
  • 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. are some of the major market participants.
  • The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

  • Online Dating Services Market Split by Type
    • Casual
    • Socialize
    • Marriage
  • Online Dating Services Market Split by Geographic
    • North America
    • APAC
    • Europe
    • South America
    • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • 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.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will decelerate at a CAGR of almost 9%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 3.56 bn through 2020-2024.

     
  3. What is a key factor driving this market?
    increasing number of users subscribing will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    37% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Casual, Socialize, and Marriage) and Geographic (North America, APAC, Europe, South America, and MEA)

Online Dating Services Market Size to Grow by USD 3.56 Billion through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the online dating services market and it is expected to grow by USD 3.56 billion, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 


Online Dating Services Market: Receive FREE Sample Report


Online Dating Services Market: Emerging Trends to Impact Market Growth

  • There is a growing popularity of matrimony apps and dating-specific apps. Online dating services offer a platform that helps individuals quickly learn about the other person’s interests.
  • The preference for online dating services over traditional dating is increasing exponentially. The low hassle of finding a partner through these sites is one of the primary factors that will drive the preference for online dating services during the forecast period.
  • Moreover, these platforms also offer easy search criterion based on individual interests. Such benefits will drive online dating services market growth during 2020-2024. 
  • Online dating services are not used for the predefined objective of intimacy or marriage only. The casual segment includes people who meet, socialize, and decide on the relationship. Growth by the casual segment will be faster than the growth of the market by the other segments.
  • APAC will offer several growth opportunities to market vendors during the forecast period. The increasing smartphone and internet penetration in the region and the growing popularity of the concept of casual meetings will significantly contribute to the online dating services market. China is the key market for online dating services in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Online Dating Services Market Size to Grow by USD 3.56 bn through 2020-2024 | Leading Segments and Market Trends

Online Dating Services Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is decelerate at a CAGR of almost 9%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 3.56 bn through 2020-2024.

     
  3. What is a key factor driving this market?
    Increasing number of subscribers will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    37% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Casual, Socialize, and Marriage), Geographic (North America, APAC, Europe, South America, and MEA), and Other 1 (advertising and subscription)
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