Matchmaking - Chad

  • Chad
  • Revenue in the Matchmaking market is projected to reach US$0.89m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 12.39%, resulting in a projected market volume of US$1.42m by 2028.
  • In the Matchmaking market, the number of users is expected to amount to 46.2k users by 2028.
  • User penetration will be 0.2% in 2024 and is expected to hit 0.2% by 2028.
  • The average revenue per user (ARPU) is expected to amount to US$20.14.
  • 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

 
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Analyst Opinion

The Matchmaking market in Chad has been witnessing steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Matchmaking market in Chad have shifted towards online platforms and mobile applications, as more people are seeking convenient and efficient ways to find romantic partners. This preference for digital platforms can be attributed to the increasing penetration of smartphones and internet connectivity in the country. Additionally, the younger population in Chad, who are more tech-savvy, are driving the demand for online matchmaking services. Trends in the Matchmaking market in Chad indicate a growing acceptance and adoption of online matchmaking platforms. These platforms provide a wide range of features and services, such as personalized profiles, compatibility matching algorithms, and messaging tools, which enhance the user experience and increase the chances of finding a suitable partner. Furthermore, the availability of localized matchmaking platforms, catering specifically to the needs and cultural preferences of Chadian individuals, has contributed to the growth of the market. Local special circumstances play a significant role in shaping the Matchmaking market in Chad. The cultural and religious norms in the country emphasize the importance of marriage and family, leading to a high demand for matchmaking services. Moreover, traditional matchmaking methods, such as arranged marriages, are still prevalent in some regions of Chad. However, the younger generation is increasingly opting for a more modern approach to finding a partner, which has fueled the growth of online matchmaking platforms. Underlying macroeconomic factors have also contributed to the development of the Matchmaking market in Chad. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and a higher standard of living. This has resulted in a growing middle class, who are more willing to invest in matchmaking services to find compatible partners. In conclusion, the Matchmaking market in Chad is witnessing growth due to changing customer preferences, emerging trends in online matchmaking, local special circumstances, and underlying macroeconomic factors. As more people in Chad embrace digital platforms and seek convenient ways to find romantic partners, the market is expected to continue its upward trajectory.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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