Dating Services - Ghana

  • Ghana
  • Revenue in the Dating Services market is projected to reach US$9.25m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.59%, resulting in a projected market volume of US$12.14m by 2029.
  • The Online Dating market has a projected market volume of US$5.66m in 2024.
  • In global comparison, most revenue will be generated in the United States (US$2,547.00m in 2024).
  • The average revenue per user (ARPU) in the Dating Services market is projected to amount to US$5.24 in 2024.
  • In the Dating Services market, the number of users is expected to amount to 2.7m users by 2029.
  • User penetration in the Dating Services market will be at 5.1% in 2024.
 
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Analyst Opinion

The Dating Services market in Ghana is experiencing 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 Dating Services market in Ghana have shifted towards online platforms and mobile applications. With the increasing penetration of smartphones and internet connectivity in the country, more Ghanaians are turning to digital platforms to meet potential partners. This shift is driven by the convenience and accessibility offered by online dating platforms, allowing users to connect with others at any time and from anywhere. Additionally, the younger generation in Ghana, who are more tech-savvy, are driving the demand for online dating services. Trends in the market reflect the changing dynamics of dating in Ghana. Traditional methods of finding a partner, such as introductions through family and friends, are being supplemented by online dating platforms. This trend is fueled by the desire for a wider pool of potential partners and the ability to connect with individuals who share similar interests and values. The increasing popularity of online dating platforms has also led to the emergence of niche dating services catering to specific demographics or interests, further diversifying the market. Local special circumstances in Ghana contribute to the development of the Dating Services market. Cultural norms and societal expectations play a significant role in shaping dating preferences and behaviors. In Ghana, there is a strong emphasis on family and community, and individuals often seek partners who align with these values. Online dating platforms provide an avenue for Ghanaians to navigate these cultural expectations while also exploring personal preferences and compatibility. Underlying macroeconomic factors also contribute to the growth of the Dating Services market in Ghana. The country's economic development has resulted in an expanding middle class with increased disposable income. This allows individuals to allocate more resources towards leisure activities, including dating. Additionally, urbanization and changing lifestyles have led to a shift in social dynamics, with more Ghanaians opting for non-traditional methods of finding a partner. In conclusion, the Dating Services market in Ghana is experiencing growth and development driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards online platforms, changing dating dynamics, cultural norms, and economic development all contribute to the positive trajectory of the market.

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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