Casual Dating - GCC

GCC

Highlights

Revenue in the Casual Dating market is projected to reach US$7.23m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of NaN%, resulting in a projected market volume of US$-2.29m by 2029.
In the Casual Dating market, the number of users is expected to amount to 0.00 by 2029.
User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2029.
The average revenue per user (ARPU) is expected to amount to 0.00.
In global comparison, most revenue will be generated United States (US$293.80m in 2024).
With a projected rate of 0.0, the user penetration in the Casual Dating market is highest 0.0.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Dating market in GCC is witnessing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in the Online Dating market in GCC are shifting towards convenience and efficiency. With the advent of technology and the increasing use of smartphones, people are looking for ways to connect and meet potential partners online. Online dating platforms provide a convenient and efficient way to meet new people and explore romantic relationships. Additionally, the younger generation in GCC is more open to the idea of online dating, further driving the demand for these platforms. Trends in the Online Dating market in GCC include the rise of niche dating platforms. As the market becomes more saturated, dating platforms are targeting specific demographics and interests to differentiate themselves. This allows users to find like-minded individuals and increases the chances of successful matches. Niche dating platforms also cater to specific cultural and religious preferences, which are important considerations in the GCC region. Local special circumstances in the GCC region also contribute to the development of the Online Dating market. Traditional societal norms and cultural restrictions make it challenging for individuals to meet potential partners in traditional settings. Online dating platforms provide a safe and discreet environment for individuals to explore romantic connections. Additionally, the GCC region has a large expatriate population, and online dating platforms serve as a bridge for individuals seeking companionship and connections in a foreign country. Underlying macroeconomic factors such as urbanization and changing demographics also play a role in the growth of the Online Dating market in GCC. As more people move to urban areas for work and education, the traditional ways of meeting potential partners are being disrupted. Online dating platforms offer a solution for individuals who may not have the time or opportunity to meet new people in their daily lives. Furthermore, the GCC region has a young and tech-savvy population, which contributes to the increasing adoption of online dating platforms. In conclusion, the Online Dating market in GCC is experiencing significant growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The convenience and efficiency of online dating platforms, the rise of niche dating platforms, cultural and societal restrictions, and urbanization are all contributing to the positive trajectory 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.