Market Insights Digital eServices Dating Services

Matchmaking - Central & Western Europe

Central & Western Europe

Revenue in the Matchmaking market is projected to reach US$0.39bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.47%, resulting in a projected market volume of US$0.43bn by 2028.
In the Matchmaking market, the number of users is expected to amount to 5.0m users by 2028.
User penetration will be 1.4% in 2024 and is expected to hit 1.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$84.01.
In global comparison, most revenue will be generated in China (US$1,211.00m in 2024).
With a projected rate of 3.8%, the user penetration in the Matchmaking market is highest in South Korea.

Key regions: India, South Korea, China, Asia, United States

Market

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Currency

Analyst Opinion

The Matchmaking market in Central & Western Europe is experiencing significant growth and development, driven by changing customer preferences and the emergence of new trends in the market. Customer preferences in the Matchmaking market have shifted towards online platforms and mobile applications, as individuals seek convenient and efficient ways to find potential partners. The popularity of online dating platforms has soared in recent years, as they offer a wide range of options and the ability to connect with people from different backgrounds and locations. Additionally, the use of mobile applications has made matchmaking more accessible and convenient, allowing users to connect with potential partners on the go. Trends in the market indicate a growing demand for niche matchmaking services, catering to specific demographics or interests. This trend is driven by the desire for more personalized and targeted matchmaking experiences. Niche matchmaking services can focus on specific age groups, religious affiliations, or shared hobbies, allowing individuals to find partners who share their values and interests. This trend also reflects the increasing diversity and individualization of customer preferences in the Matchmaking market. In Central & Western Europe, there are also local special circumstances that contribute to the development of the Matchmaking market. The region has a rich cultural heritage and diverse population, which creates opportunities for matchmaking services to cater to specific cultural or ethnic communities. Additionally, the high rate of urbanization in the region has led to changes in social dynamics and lifestyles, increasing the demand for matchmaking services as individuals seek to connect with potential partners in a fast-paced and digitally-driven environment. Underlying macroeconomic factors also play a role in the development of the Matchmaking market in Central & Western Europe. Economic stability and increasing disposable incomes have contributed to a higher willingness to spend on matchmaking services. Additionally, advancements in technology and internet infrastructure have made online matchmaking platforms more accessible and user-friendly, enabling a larger pool of individuals to participate in the market. Overall, the Matchmaking market in Central & Western Europe is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, matchmaking services will need to adapt to meet the evolving needs and preferences of their customers, while also leveraging technology and innovation to provide more personalized and efficient matchmaking experiences.

Methodology

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.