Dating Services - Guinea

  • Guinea
  • Revenue in the Dating Services market is projected to reach US$2.65m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.14%, resulting in a projected market volume of US$3.57m by 2029.
  • The Online Dating market has a projected market volume of US$1.72m 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$5.61 in 2024.
  • In the Dating Services market, the number of users is expected to amount to 713.3k users by 2029.
  • User penetration in the Dating Services market will be at 3.2% in 2024.
 
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Analyst Opinion

The Dating Services market in Guinea is experiencing significant growth and development, driven by changing customer preferences and local special circumstances. Customer preferences in the Dating Services market in Guinea are shifting towards online platforms and mobile applications. With the increasing penetration of smartphones and internet connectivity, more and more people are turning to online dating as a convenient and efficient way to meet potential partners. This trend is not unique to Guinea, but is seen worldwide as people seek to connect with others in a digital age. In addition to online dating, there is also a growing demand for niche dating services in Guinea. Customers are looking for platforms that cater to specific interests or demographics, such as religious dating sites or platforms for individuals with specific hobbies or lifestyles. This trend reflects a desire for more personalized and targeted matchmaking options. The Dating Services market in Guinea is also influenced by local special circumstances. Guinea is a country with a relatively young population, and there is a growing acceptance and openness towards dating and relationships. As social norms evolve, more people are actively seeking out dating services to meet potential partners. This cultural shift is contributing to the growth of the market in Guinea. Underlying macroeconomic factors are also playing a role in the development of the Dating Services market in Guinea. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and a rise in consumer spending. As people have more financial resources, they are more willing to invest in dating services to enhance their social lives and find meaningful relationships. In conclusion, the Dating Services market in Guinea is experiencing growth and development due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards online platforms, the demand for niche dating services, and the cultural acceptance of dating are all contributing to the expansion of the market in Guinea. With the continued growth of the economy and the increasing connectivity of the population, the Dating Services market in Guinea is expected to continue to thrive in the coming years.

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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