Dating Services

Revenue in the Dating Services market is projected to reach US$358.60k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.05%, resulting in a projected market volume of US$481.10k by 2029.
The Online Dating market has a projected market volume of US$213.40k 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$7.04 in 2024.
In the Dating Services market, the number of users is expected to amount to 69.1k users by 2029.
User penetration in the Dating Services market will be at 6.2% in 2024.

Definition:

Dating Services refer to digital platforms facilitating connections and relationships between individuals through online interactions and meetings. Users engage in various forms of dating, ranging from casual encounters to long-term relationships, facilitated by matchmaking algorithms and user preferences.

Structure:

The Dating Services market encompasses user and revenue development across three main segments: (1) Online Dating, (2) Casual Dating, and (3) Matchmaking. Online Dating platforms enable users to create profiles, browse other profiles, and communicate with potential partners through messaging or video chats. Casual Dating platforms focus on facilitating casual relationships, hookups, and short-term connections among users seeking non-committal interactions. Matchmaking services use algorithms and personalized services to match individuals based on compatibility, interests, and relationship goals, often targeting users seeking long-term relationships or marriage.

Additional Information:

Revenue figures include subscription fees, in-app purchases, and advertising revenue within the Dating Services market. User and revenue figures primarily represent B2C services, focusing on individual users seeking romantic connections and relationships.

Matchmaking for the search for life partners such as Matrimony.com
Online Dating for easy flirting and chatting such as Tinder and Bumble
Casual Dating for the search for non-committal sex such as Ashley Madison

Niche dating, such as portals or apps for vegetarians
Offline dating agencies
Speed dating or similar events for singles

The Dating Services market in Guyana has been experiencing significant growth in recent years, driven by changing customer preferences and the increasing popularity of online dating platforms. Customer preferences in the dating services market in Guyana have shifted towards online platforms, as more people are becoming comfortable with using technology to meet potential partners. This trend is in line with global and regional market trends, as online dating has become increasingly popular worldwide. The convenience and accessibility of online dating platforms have made them a preferred choice for many individuals in Guyana, especially among younger generations who are more tech-savvy. In addition to online dating, there is also a growing demand for matchmaking services in Guyana. Matchmaking services provide a more personalized approach to dating, where professionals help individuals find compatible partners based on their preferences and values. This trend reflects a desire for a more tailored and efficient dating experience, as individuals seek to save time and effort in their search for love. Local special circumstances in Guyana also contribute to the development of the dating services market. Guyana is a culturally diverse country, with a mix of ethnicities and religions. This diversity creates a demand for dating services that cater to specific cultural or religious preferences. Matchmaking services that specialize in connecting individuals from the same cultural or religious background are particularly popular in Guyana, as they provide a sense of familiarity and shared values. Underlying macroeconomic factors also play a role in the growth of the dating services market in Guyana. The country has experienced economic growth in recent years, leading to an increase in disposable income for many individuals. This allows them to spend more on leisure activities, including dating services. Additionally, urbanization and changing social norms have contributed to the growth of the dating services market, as more people move to cities and embrace modern dating practices. Overall, the dating services market in Guyana is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Online dating platforms and matchmaking services are gaining popularity, driven by the convenience and personalized approach they offer. As technology continues to advance and society becomes more interconnected, the dating services market in Guyana is expected to continue its growth trajectory.

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.

This report presents a comprehensive analysis and additional information on the Ecommerce market, in a PDF format.