Online Dating Services Market by Type, Revenue, and Geography – Forecast and Analysis 2020-2024

Tinder, the spark that set the industry alight, remains its brightest star. The app dominates the iOS dating scene in terms of downloads, generating more than 11 million installs across the world. That makes it one to watch in the coming years. Tinder also has a rival in China that it needs to keep an eye on. So while the dating pool might be deeper in the US, Australian users are definitely willing to pay the price for a shot at love. And there is no dating service more alternative than Pure. The ironically named anonymous dating app, which helps like-minded adults hook up for casual encounters with Snapchat-for-dating mechanics, has managed to cross the dating divide between Russia and the US. Initially releasing in the Russian market, the app was translated into English and released on the App Store in October But the combination of its hook-up-focused pitch, stringent data privacy policies, and self-destructing profile posts makes Pure uniquely considerate to users in the dating space.

The financial risks and rewards of online dating

Of all similar platforms out there, Tinder is probably the most successful dating app, and has compelled many entrepreneurs and software houses to make a dating app that would be similar and yet unique. The reason behind such a great interest is the size of the target audience: 57 million users spend over 1. Definitely generating user engagement, it offers potential revenue streams if effective and successful matches are created.

The number of dating app users is rising as the industry is worth $3bn in the US. Our study analyzed the behavior of over 12 million men and women from the.

With a high pace of modern life, Chinese people are finding it more and more difficult to balance work and personal life. This leaves a lot of singles without life partners, especially in big cities. With the high levels of stress from work, they have no time to cultivate relationships with friends nearby but only keep themselves immersed in work everyday. This gives a lot of new opportunities in the dating industry in China.

Among them, The pursuit of efficiency and quickness in Chinese society today makes dating seem almost like a trip to the supermarket.

The ‘Dating Market’ Is Getting Worse

It might be hard to imagine or remember, but there was once a time when going on a date with a stranger you met online was a strange concept—frowned upon, even. Today, however, millennials have led the charge on transforming the dating industry and making online dating universally accepted. If you continue to have doubts, consider that there are now over 1, dating apps or websites looking to draw single men and women to their product, and to match them with one another. Though matchmaking is one of the oldest industries in existence, online matchmaking is now having a moment of its own.

This article explores the business of dating: the market size of dating apps in the U. According to the Pew Research Center , between and , online dating usage has tripled among those between the ages of 18 and

with 43 billion matches to date, tinder® is the world’s most popular dating app, making it the place to meet new people. See more. Company Info.

Security 6. Matching 6. Geolocation Matching 6. AI-Matching 6. With the rise of dating apps like Tinder, finding Mrs. Right has never been easier.

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Sign up Log in. Delivered November 1st, Contributors: Barb B. The global online dating services market is expected to grow at a 5. The Match Group holds the top spot in both online dating with Match and with their dating app Tinder which has 11,, downloads. Match commands a

Either you go the OkCupid way and let your competitors win, or take the fight to them like Tinder by learning how to market a dating app the.

Tinder is a dating app that matches users to others based on geographic proximity. They can also see age, and if they have any Facebook connections in common. The Tinder app is built around the idea of the double opt-in — taking out the element of embarrassment and unwanted attention. You can only talk to someone if you both like each other. IAC is also responsible for dating sites Match. The free-to-use app introduced a premium subscription model in with added features Tinder Plus , and a third level in Tinder Gold.

One-off in-app purchases can also be made. Since then, Tinder has only grown bigger to become an irreducible element in the modern dating landscape. It is estimated that 50 million people worldwide use Tinder , though concrete figures have not been made available. The BBC pin the figure at a slightly higher 57 million.

Tinder (app)

While online dating was once considered taboo, the number of couples meeting online has more than doubled in the last decade to about 1-in This unique dataset charts a significant shift in the way couples meet each other, and demonstrates how our changing communication habits are driving massive growth in the online dating market.

Tinder globally popularized app-based matchmaking when it launched on iPhones in , and later on Android in By , Tinder had grown to 57 million active users across the globe and billions of swipes per day. Since the launch of Tinder, hundreds of dating services have appeared on app stores worldwide.

Market analysis into the online dating industry has taken off in the past With some believing the dating app industry could be worth up to $

We expect the number of people who own a smartphone and use dating apps to grow 5. This figure is much flatter than our previous forecast of 9. Illustrating a similar slowdown, app analytics platform Apptopia found that worldwide, dating app downloads for the 15 most-popular apps includes Apple App Store and Google Play decreased to million in , down from million the year prior.

But Adam Blacker, vice president of insights and global alliances at Apptopia, is optimistic about this app category. As more people come of age, they will download one or more dating apps, even just to check it out. There will also be more niche or specific dating apps that pop up which en masse will generate new installs from people who have already downloaded more general apps like Tinder or Match.

And a prosperous market is good news for the growing number of singles out there. We estimate that For dating apps that are relatively gamified, I think it makes sense for users to watch a second video to unlock more potential matches. Or, let’s say there is a niche app for hikers or outdoors people, in that case banner ads for Patagonia could work. Companies that offer products or services tangentially related to dating clothing, health and hygiene, beauty products, ticket companies, restaurants, etc.

Advertising on these apps is a clear win for brands if they do so strategically. For example, an escape room could advertise to users based on their location, and ultimately push to purchase with a catchy date night promotion.

How to market a dating app in 2020: Everything you need to know

Online dating comprises online services that offer a platform on which its members can flirt, chat or fall in love. In contrast to matchmaking services, online dating focuses on casual contacting and easy flirting among its members. The users normally carry out the search on their own. While doing so, they can apply search filters about criteria such as age, location and other attributes.

Increasing proliferation of smartphones and rise in internet penetration are the key factors driving the online dating apps market. Additionally, significant increase in the number of singles globally, especially in North America, Europe and Asia-Pacific is expected to spur the growth of market during forecast period.

The report provides an analysis of the global online dating market by for using online dating services are dating websites and dating apps.

This rising popularity has lead to a huge global user population of up to M people using dating platforms. Recently we decided to enter this market in our own company JoySpot , so I started studying this market heavily to learn how can a Startup penetrate it and be competitive versus titans like Tinder. Hope you enjoy! The online dating platforms can be divided into two dimensions regarding the strategy they use: one is the concept differentiations and another is the market focus and we can see that in the image below.

Observation: This is from so you might miss 2—3 companies that growth in the last few years. The Market Focus dimension is about the target customers group of the dating platform, while the most famous players such as Tinder, Badoo, OkCupid or Match. Famous examples in this segment are AshleyMadison made for married people to have affair and DatingRing for more long-term relationships. Concept Differentiation dimension regards the usability and features presented on the dating platform.

Generic ones are more old school platforms such as Match. Most recently, pushed mainly by Tinder we had a revolution on this dimension, with lean profiles, swipe experience and two-sided match. The reason is that Winner Takes All Dynamic is not so strong in online dating such as it is in other markets. To identify if a market is susceptible to winner-takes-all dynamics, the three following factors can be used as clues:. Dating platforms provide the tools and interface that makes matchmaking possible between their users, and therefore it needs to have minimum viable options for a user to provide a good experience, hence direct networks effects are presented in this market.

The value of using an online dating service is zero if there are no other members.

Dating apps: social media analysis

Invalid Name. Invalid Email. Invalid contact no. Invalid Security Code. The dating service industry has exhibited strong growth in terms of sales, and has been evolving continuously over the past couple of decades. This is attributable to rise in number of singles around the globe, especially in North America, Europe, and Asia-Pacific.

Sweep analysis showed that 86 per cent of dating sites provide users with a general complaint mechanism, allowing users to report suspicious conduct and other.

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Report contents include:. Research reports provides in-depth analysis of the U. Reports are available free online. First Research Industry Profiles provide news, data, and analysis for a wide range of industries, with profile content sections including industry overview, recent news and developments, business trends and opportunities, critical issues and challenges, executive insights, interview preparation questions, financial benchmark information, and five-year forecast.

Sample profile report is available free online.

Dating Services

Request a free sample report. One of the primary ways to do that is by asking the user to answer a questionnaire. This increases the probability of accurate matches and enhances the efficiency of the service. These services also allow people to search for matches without meeting them personally.

We all the annual growth rate; industry analysis of dating services industry generates revenues in india. Statistics provided by statista shed light on mobile app.

Over the past decade, online dating has overturned stigmatic attitudes and become one of the most prolific mobile app categories. Your dating app marketing strategy has to be air-tight, ensuring you show users what makes your dating app unique, fun, and applicable to their individual needs. In this guide, we explore how to market a dating app in and push toward your most ambitious targets — including where to start, managing your online presence, paid user acquisition and best practices.

Apps such as Tinder, Bumble and Grindr dominate the mass market, but there are plenty of opportunities to find your niche and build a loyal community. Defining your target audience is a critical step to ensuring your community will build organically and is an effective way to improve your value to users. Once you know your unique selling point and what defines the users who need your app, you must develop how your vision will be communicated to potential users.

This will enable you to keep interested users up-to-date with your launch and any other updates that may be of interest. This approach will also help you solve the initial challenge of launching a dating app with an enthusiastic community from day one. Setting up a regularly updated blog on your website is another way to generate interest in your approach to online dating.

Inside OKCupid: The math of online dating – Christian Rudder