Dating Services - Nepal

  • Nepal
  • Revenue in the Dating Services market is projected to reach US$6.92m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -7.45%, resulting in a projected market volume of US$4.70m by 2029.
  • The Online Dating market has a projected market volume of US$4.49m 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$6.31 in 2024.
  • In the Dating Services market, the number of users is expected to amount to 1,543.0k users by 2029.
  • User penetration in the Dating Services market will be at 3.5% in 2024.
 
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Analyst Opinion

The Dating Services market in Nepal is experiencing significant growth due to changing customer preferences and local special circumstances. Customer preferences in the Dating Services market in Nepal have shifted towards online platforms and mobile applications. With the increasing popularity of smartphones and internet access, more people are turning to online dating to find potential partners. This trend is not unique to Nepal, as online dating has become a global phenomenon. The convenience and ease of use offered by online dating platforms have attracted a large number of users in Nepal, leading to the growth of the market. In addition to online platforms, Nepali customers also prefer dating services that cater to their cultural and religious backgrounds. Nepal is a diverse country with multiple ethnicities and religions, and people often prefer to find partners who share their values and beliefs. Dating services that offer matchmaking based on these factors have gained popularity among Nepali customers, as they provide a more personalized and culturally appropriate approach to finding a partner. The Dating Services market in Nepal is also influenced by local special circumstances. Nepal is a conservative society where dating and relationships are still considered taboo in many communities. However, with the influence of globalization and changing social dynamics, attitudes towards dating are gradually shifting. Younger generations are more open to the idea of dating and are actively seeking platforms to meet potential partners. This cultural shift has created a demand for dating services that provide a safe and discreet environment for individuals to connect with others. Underlying macroeconomic factors such as increasing disposable income and urbanization are also contributing to the growth of the Dating Services market in Nepal. As more people move to urban areas and experience higher levels of income, they have more opportunities to engage in dating activities. This has led to an increased demand for dating services that cater to the needs and preferences of urban dwellers. In conclusion, the Dating Services market in Nepal is witnessing growth due to changing customer preferences towards online platforms and culturally appropriate matchmaking. Local special circumstances, such as shifting attitudes towards dating and increasing urbanization, are also contributing to the expansion of the market. As Nepal continues to develop and embrace modern dating practices, the Dating Services market is expected to further 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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