Online Dating - CIS

CIS

Highlights

Revenue in the Online Dating market is projected to reach US$33.25m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.17%, resulting in a projected market volume of US$38.87m by 2029.
In the Online 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$1.39bn in 2024).
With a projected rate of 0.0, the user penetration in the Online Dating market is highest 0.0.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Matchmaking market in CIS is experiencing significant growth and development.

Customer preferences: Customers in the CIS region have shown a growing interest in online matchmaking platforms. This can be attributed to the convenience and accessibility offered by these platforms, allowing individuals to connect with potential partners from the comfort of their own homes. Additionally, the increasing acceptance of online dating and matchmaking services in society has also contributed to the rise in customer preferences for such platforms.

Trends in the market: One major trend in the Matchmaking market in CIS is the increasing use of mobile dating applications. With the widespread use of smartphones and the availability of high-speed internet, mobile dating apps have become popular among young adults in the region. These apps provide a convenient and efficient way to meet new people and find potential partners. Furthermore, the integration of advanced features such as location-based matching and AI algorithms has enhanced the user experience and increased the success rate of finding compatible matches. Another trend in the market is the rise of niche matchmaking platforms catering to specific communities or interests. These platforms target individuals with unique preferences or backgrounds, offering a more tailored and personalized matchmaking experience. This trend reflects the growing demand for specialized services in the matchmaking industry, as customers seek platforms that understand and cater to their specific needs.

Local special circumstances: The CIS region consists of multiple countries with diverse cultural backgrounds and traditions. This diversity creates unique challenges and opportunities for the matchmaking market. Matchmaking platforms operating in the CIS region need to understand and adapt to the cultural nuances of each country to effectively cater to the local population. This includes considerations such as language preferences, cultural values, and societal norms regarding relationships and marriage.

Underlying macroeconomic factors: The growing middle class in the CIS region has contributed to the development of the matchmaking market. As more individuals attain higher levels of education and financial stability, they are increasingly seeking long-term relationships and marriage. Matchmaking platforms provide a convenient and efficient way for these individuals to connect with potential partners who share similar values and goals. Additionally, the increasing urbanization and globalization in the CIS region have also played a role in the development of the matchmaking market. As people migrate to cities and experience a more fast-paced lifestyle, traditional methods of finding partners, such as through family or community networks, are becoming less common. Matchmaking platforms offer a modern and efficient alternative, allowing individuals to expand their social circles and connect with potential partners beyond their immediate surroundings. In conclusion, the Matchmaking market in CIS is experiencing significant growth and development due to customer preferences for online platforms, the adoption of mobile dating applications, the rise of niche matchmaking services, local cultural considerations, and underlying macroeconomic factors such as the growing middle class and urbanization. These trends and factors are shaping the future of the matchmaking industry in the CIS region, providing opportunities for further innovation and expansion.

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.