Dating Services - Brunei Darussalam

Brunei Darussalam

Highlights

Revenue in the Dating Services market is projected to reach US$427.80k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.72%, resulting in a projected market volume of US$458.00k by 2028.
The Online Dating market has a projected market volume of US$232.70k in 2024.
In global comparison, most revenue will be generated United States (US$2.55bn in 2024).
The average revenue per user (ARPU) in the Dating Services market is projected to amount to US$14.99 in 2024.
In the Dating Services market, the number of users is expected to amount to 30.6k users by 2028.
User penetration in the Dating Services market will be at 6.3% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dating Services market in Brunei Darussalam is experiencing steady growth and development due to a combination of customer preferences, local special circumstances, and underlying macroeconomic factors. Customer preferences in Brunei Darussalam are shifting towards online dating platforms and services. This trend can be attributed to the increasing use of smartphones and internet access in the country. Online dating provides a convenient and efficient way for individuals to meet potential partners, especially in a culture where traditional matchmaking methods may be less common. The younger generation in particular is embracing online dating as a way to connect with others and expand their social networks. Trends in the Dating Services market in Brunei Darussalam are also influenced by global and regional market developments. The rise of social media and the popularity of dating apps have had a significant impact on the industry. These platforms offer users a wide range of options and features, such as personalized profiles, matching algorithms, and chat functions, which enhance the overall dating experience. In addition, the increasing acceptance of online dating as a legitimate way to find love and companionship has contributed to the growth of the market. Local special circumstances in Brunei Darussalam play a role in shaping the Dating Services market. The country has a relatively small population and a conservative culture, which can make it challenging for individuals to meet potential partners through traditional means. Online dating provides a solution to this issue by offering a wider pool of potential matches and the ability to connect with others outside of one's immediate social circle. Additionally, the government's efforts to promote digitalization and technological advancements have created an environment conducive to the growth of the online dating industry. Underlying macroeconomic factors also contribute to the development of the Dating Services market in Brunei Darussalam. The country has a stable and growing economy, which has resulted in increased disposable income and a higher standard of living for many individuals. This has led to a greater willingness to spend on leisure activities, including dating services. Furthermore, the government's focus on diversifying the economy and promoting entrepreneurship has created opportunities for local dating service providers to innovate and expand their offerings. In conclusion, the Dating Services market in Brunei Darussalam is experiencing growth and development driven by customer preferences for online dating, global market trends, local special circumstances, and underlying macroeconomic factors. As the country continues to embrace digitalization and as societal attitudes towards online dating evolve, the market is expected to further expand in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.