Dating Services - Colombia

Colombia

Highlights

Revenue in the Dating Services market is projected to reach US$23.21m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.03%, resulting in a projected market volume of US$23.24m by 2028.
The Matchmaking market has a projected market volume of US$9.60m 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$5.69 in 2024.
In the Dating Services market, the number of users is expected to amount to 4.4m users by 2028.
User penetration in the Dating Services market will be at 7.9% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dating Services market in Colombia has been experiencing significant growth in recent years, driven by changing customer preferences and trends in the market. Customer preferences in the Dating Services market in Colombia have shifted towards online platforms and mobile applications, as more people are embracing technology and seeking convenient and efficient ways to meet potential partners. This trend is in line with global market developments, where online dating has become increasingly popular. In addition to the convenience factor, online dating platforms offer a wider pool of potential partners, allowing individuals to connect with people outside their immediate social circles. This has been particularly appealing to younger generations who are more open to meeting new people and exploring different relationship options. Another customer preference in the Dating Services market in Colombia is the demand for personalized and niche dating services. As the market becomes more saturated with generic dating platforms, individuals are seeking specialized services that cater to specific interests or demographics. This includes platforms for professionals, LGBTQ+ individuals, and religious communities, among others. In terms of trends in the market, one notable development is the rise of virtual dating. With the COVID-19 pandemic restricting physical interactions, many dating services have adapted by offering virtual dating options. This allows individuals to connect and get to know each other through video calls and virtual activities before meeting in person. This trend is likely to continue even after the pandemic, as it offers a safe and convenient way to establish connections. Another trend in the Dating Services market in Colombia is the increasing focus on safety and security. As online dating becomes more prevalent, there is a growing concern about the authenticity of profiles and the potential for scams or fraudulent activities. Dating platforms are investing in advanced verification systems and implementing strict security measures to ensure the safety of their users. This focus on safety is crucial in building trust and attracting new customers. In terms of local special circumstances, Colombia has a vibrant and diverse dating culture influenced by its rich history and traditions. This cultural diversity presents both opportunities and challenges for dating services. On one hand, it allows for the development of niche dating platforms that cater to specific cultural preferences. On the other hand, it requires dating services to navigate cultural sensitivities and adapt their offerings to meet the unique needs of the Colombian market. Underlying macroeconomic factors also play a role in the development of the Dating Services market in Colombia. Economic growth and increasing disposable incomes have contributed to a larger pool of potential customers who are willing to spend on dating services. Additionally, changing social norms and attitudes towards relationships have created a more favorable environment for the growth of the dating industry. Overall, the Dating Services market in Colombia is experiencing growth due to changing customer preferences, technological advancements, and cultural factors. As the market continues to evolve, dating services will need to adapt to meet the specific needs and preferences of the Colombian market while ensuring safety and security for their users.

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.