Dating Services - Guatemala

Guatemala

Highlights

Revenue in the Dating Services market is projected to reach US$14.98m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 14.01%, resulting in a projected market volume of US$25.32m by 2028.
The Online Dating market has a projected market volume of US$7.04m 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$12.14 in 2024.
In the Dating Services market, the number of users is expected to amount to 1.6m users by 2028.
User penetration in the Dating Services market will be at 6.4% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dating Services market in Guatemala is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Dating Services market in Guatemala are shifting towards online platforms and mobile applications. This is primarily driven by the increasing penetration of smartphones and internet access in the country. Customers are now more inclined to use dating apps and websites to meet potential partners, as it offers convenience, wider options, and the ability to connect with people from different backgrounds. Additionally, the younger generation in Guatemala is more open to the idea of online dating, which further fuels the demand for dating services. Trends in the market indicate that there is a growing demand for niche dating services in Guatemala. People are looking for platforms that cater to specific interests, such as religious affiliations, hobbies, or cultural backgrounds. This trend reflects the desire for more personalized and targeted dating experiences. Furthermore, there is an increasing emphasis on safety and security in the online dating space. Customers are seeking platforms that have robust verification processes and privacy measures to protect their personal information. Local special circumstances in Guatemala also contribute to the development of the Dating Services market. Traditional dating norms and practices are evolving, and more individuals are embracing non-traditional ways of meeting potential partners. This cultural shift is driven by factors such as urbanization, globalization, and exposure to Western influences. As a result, dating services are becoming more accepted and mainstream in Guatemalan society. Underlying macroeconomic factors play a crucial role in the growth of the Dating Services market in Guatemala. The country's economy has been steadily growing, leading to an increase in disposable income among the population. This allows individuals to allocate more resources towards leisure activities, including dating. Moreover, the rising urbanization and changing demographics in Guatemala contribute to the expansion of the market. As more people migrate to cities and the population becomes more diverse, the demand for dating services increases. In conclusion, the Dating Services market in Guatemala is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Online platforms and mobile applications are becoming increasingly popular, niche dating services are in demand, and safety and security are prioritized. Cultural shifts, economic growth, and changing demographics further contribute to the expansion of the market.

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.