Dating Services - Timor-Leste

  • Timor-Leste
  • Revenue in the Dating Services market is projected to reach US$143.40k in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.76%, resulting in a projected market volume of US$180.90k by 2029.
  • The Online Dating market has a projected market volume of US$91.02k 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$2.04 in 2024.
  • In the Dating Services market, the number of users is expected to amount to 108.7k 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 Timor-Leste is experiencing significant growth and development in recent years. Customer preferences for online dating platforms and the increasing popularity of dating apps are driving this trend. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the expansion of the market. Customer preferences in Timor-Leste have shifted towards online dating platforms due to their convenience and accessibility. With the widespread use of smartphones and internet connectivity, individuals are increasingly turning to dating apps to meet potential partners. These platforms provide a convenient way to connect with others, especially in a country where traditional dating methods may be limited. The ability to browse through profiles and communicate with others from the comfort of their own homes has made online dating a popular choice among Timorese individuals. The trends in the dating services market in Timor-Leste align with global and regional patterns. The increasing use of smartphones and internet penetration has led to the rise of dating apps worldwide. Timor-Leste is no exception to this trend, as the country has seen a significant increase in smartphone usage and internet access in recent years. This has created a fertile ground for the growth of the online dating market in the country. Local special circumstances also play a role in the development of the dating services market in Timor-Leste. The country's relatively small population and limited social opportunities may contribute to the popularity of online dating platforms. In a country where meeting new people can be challenging, online dating offers a way to expand one's social network and potentially find a romantic partner. Underlying macroeconomic factors, such as increasing disposable income and changing societal norms, are also driving the growth of the dating services market in Timor-Leste. As the economy continues to develop and individuals have more disposable income, they are more likely to spend money on leisure activities, including dating services. Additionally, changing societal norms and attitudes towards dating and relationships may also contribute to the increased demand for dating services in the country. In conclusion, the Dating Services market in Timor-Leste is experiencing growth and development due to customer preferences for online dating platforms, global and regional trends, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online dating apps, coupled with the country's small population and limited social opportunities, have contributed to the popularity of online dating in Timor-Leste. As the economy continues to grow and societal norms evolve, the dating services market is expected to further expand 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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