Matchmaking - Papua New Guinea

Papua New Guinea

Highlights

Revenue in the Matchmaking market is projected to reach US$544.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 22.57%, resulting in a projected market volume of US$1.23m by 2028.
In the Matchmaking market, the number of users is expected to amount to 42.5k users by 2028.
User penetration will be 0.4% in 2024 and is expected to hit 0.4% by 2028.
The average revenue per user (ARPU) is expected to amount to US$13.04.
In global comparison, most revenue will be generated China (US$1.21bn in 2024).
With a projected rate of 3.8%, the user penetration in the Matchmaking market is highest South Korea.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Matchmaking market in Papua New Guinea is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Matchmaking market in Papua New Guinea are evolving as individuals seek more efficient and convenient ways to find compatible partners. In the past, traditional matchmaking methods such as arranged marriages and introductions through family and friends were common. However, with the advent of technology and increased connectivity, people are now turning to online platforms and dating apps to meet potential partners. This shift in preference is driven by the desire for greater choice, convenience, and the ability to connect with individuals who share similar interests and values. Trends in the Matchmaking market in Papua New Guinea are closely aligned with global trends in the industry. The rise of online dating platforms and mobile dating apps has revolutionized the way people meet and connect. These platforms offer a wide range of features and services, including advanced matching algorithms, personalized profiles, and messaging capabilities. Additionally, the popularity of niche dating sites catering to specific interests and demographics is on the rise. This allows individuals to find partners who share their hobbies, religious beliefs, or cultural backgrounds. The increasing use of social media platforms for dating purposes is also a notable trend in the market. Local special circumstances in Papua New Guinea contribute to the development of the Matchmaking market. The country's geographical and cultural diversity presents unique challenges and opportunities for matchmaking services. Papua New Guinea is home to over 800 different languages and a wide range of cultural practices. This diversity creates a need for specialized matchmaking services that cater to specific communities and cultural preferences. Additionally, the country's relatively low internet penetration rate and limited access to technology in rural areas create a demand for offline matchmaking services. Underlying macroeconomic factors also play a role in the development of the Matchmaking market in Papua New Guinea. Economic growth and increasing urbanization have led to changes in lifestyle and social dynamics. As more people move to urban areas and adopt modern lifestyles, the demand for matchmaking services increases. Additionally, rising disposable incomes and changing social attitudes towards dating and relationships contribute to the growth of the market. The increasing number of young professionals and the growing middle class also provide a potential customer base for matchmaking services. In conclusion, the Matchmaking market in Papua New Guinea is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards online platforms, the rise of niche dating sites, and the use of social media for dating purposes are all contributing to the development of the market. The country's cultural diversity, limited access to technology in rural areas, and changing social dynamics further shape the matchmaking landscape. As the market continues to evolve, it is important for matchmaking services to adapt to the unique needs and preferences of customers in Papua New Guinea.

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.