Dating Services - Western Asia

Western Asia

Highlights

Revenue in the Dating Services market is projected to reach US$155.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.12%, resulting in a projected market volume of US$175.80m by 2028.
The Matchmaking market has a projected market volume of US$72.89m 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$12.21 in 2024.
In the Dating Services market, the number of users is expected to amount to 17.9m users by 2028.
User penetration in the Dating Services market will be at 5.8% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dating Services market in Western Asia is experiencing significant growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Dating Services market in Western Asia have shifted towards online platforms and mobile applications. This can be attributed to the increasing popularity of smartphones and the convenience of accessing dating services on-the-go. Western Asian consumers are now more inclined to use these digital platforms to find potential partners, as it allows them to connect with a larger pool of individuals and provides a more efficient way of meeting people. Trends in the market indicate a growing acceptance and adoption of online dating among Western Asian consumers. This can be attributed to the increasing urbanization and globalization in the region, which has led to a shift in societal norms and attitudes towards dating. Western Asian consumers are becoming more open to the idea of meeting new people through online platforms, as it offers a wider range of options and allows for more personalized matchmaking. Another trend in the Dating Services market in Western Asia is the rise of niche dating platforms catering to specific demographics or interests. This trend is driven by the desire for more targeted and specialized matchmaking services. Western Asian consumers are seeking platforms that cater to their specific preferences, such as religion, ethnicity, or hobbies, as it increases the chances of finding a compatible partner. Local special circumstances also play a role in the development of the Dating Services market in Western Asia. The region is characterized by diverse cultures, traditions, and religious beliefs, which can influence dating preferences and practices. Dating platforms in Western Asia need to consider these local special circumstances and tailor their services accordingly to cater to the unique needs and preferences of the local population. Underlying macroeconomic factors such as increasing disposable income and changing demographics also contribute to the growth of the Dating Services market in Western Asia. As the region experiences economic growth and urbanization, more individuals have the financial means to invest in dating services. Additionally, changing demographics, such as a growing young population and an increase in the number of single individuals, create a larger market for dating services in Western Asia. In conclusion, the Dating Services market in Western Asia is developing and growing due to changing customer preferences towards online platforms, emerging trends in the industry, local special circumstances, and underlying macroeconomic factors. As the region continues to urbanize and embrace digitalization, the market is expected to further expand in the coming years.

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.