Matchmaking - Turkmenistan

Turkmenistan

Highlights

Revenue in the Matchmaking market is projected to reach US$453.70k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 16.59%, resulting in a projected market volume of US$838.30k by 2028.
In the Matchmaking market, the number of users is expected to amount to 18.1k users by 2028.
User penetration will be 0.3% in 2024 and is expected to hit 0.3% by 2028.
The average revenue per user (ARPU) is expected to amount to US$24.70.
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 Turkmenistan has been experiencing steady growth in recent years. Customer preferences are shifting towards online platforms for finding potential partners, as people are becoming increasingly tech-savvy. Additionally, there are certain local special circumstances that have contributed to the development of the market.

Customer preferences: In Turkmenistan, there is a growing preference for online matchmaking platforms. This can be attributed to the convenience and accessibility they offer. Online platforms provide a wider pool of potential partners, allowing individuals to connect with people they may not have otherwise met. Furthermore, these platforms often use algorithms and matching systems to help users find compatible partners, which can save time and effort in the search for a suitable match.

Trends in the market: One of the key trends in the matchmaking market in Turkmenistan is the increasing popularity of mobile dating apps. These apps offer a seamless and user-friendly experience, allowing individuals to browse through profiles and connect with potential partners on the go. The convenience and accessibility of mobile dating apps have made them a preferred choice among the younger generation. Another trend in the market is the rise of niche matchmaking platforms. These platforms cater to specific demographics or interests, such as religious or cultural backgrounds, hobbies, or professions. By targeting specific groups, these platforms are able to provide a more tailored and personalized matchmaking experience.

Local special circumstances: Turkmenistan has a relatively conservative society, where traditional values and customs are still highly valued. This has influenced the way people approach matchmaking and relationships. Many individuals in Turkmenistan prefer to find partners within their own community or social circle, as this is seen as more culturally acceptable. However, the growing popularity of online matchmaking platforms has made it easier for individuals to connect with potential partners outside of their immediate social circle.

Underlying macroeconomic factors: The growing popularity of online matchmaking platforms in Turkmenistan can be attributed to several underlying macroeconomic factors. Firstly, the increasing internet penetration rate in the country has made online platforms more accessible to a larger population. As more people gain access to the internet, the potential user base for online matchmaking platforms expands. Secondly, the rising disposable income in Turkmenistan has allowed individuals to invest in their personal lives and relationships. With more disposable income, people are more willing to spend on matchmaking services and platforms that offer a higher chance of finding a compatible partner. In conclusion, the Matchmaking market in Turkmenistan has been developing due to shifting customer preferences towards online platforms, the rise of mobile dating apps, and the influence of local special circumstances. The underlying macroeconomic factors, such as increasing internet penetration and rising disposable income, have also contributed to the growth 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.