Strong demand in North America
VANCOUVER, BC, CANADA, February 4, 2022 /EINPresswire.com/ — According to the latest report from Emergen Research, The global dating services market size is expected to reach USD 13.97 billion in 2028 and register a revenue CAGR of 7.3% over the forecast period. The rapid adoption of dating platforms to find compatible partners is expected to drive the revenue growth of the global dating services market over the forecast period.
Human beings understand the need to develop intimate relationships, but finding a compatible partner continues to prove difficult. These challenges are currently being addressed by creativity using various technologies, smartphones, computers and PCs, and the increasing use of internet services and interactive platforms and applications. Ease of subscription and availability of internet services are also driving a growing preference for online dating solutions in developing countries. For people who are looking for other people for dating, these platforms provide access to a large social network, access to a more user-friendly interface and real-time location-based dating. The dating services industry is poised to experience significant revenue potential, owing to the rapid growth of social media platforms and the growing use of smartphones and other mobile devices.
The report is formulated from extensive primary and secondary research and is organized to provide readers and businesses with a competitive edge over other players in the industry. The report sheds light on intricate details of the Dating Services industry regarding growth factors, opportunities and lucrative business prospects, regions showing promising growth and forecast estimates till 2028.
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Some highlights of the report
In May 2020, Bumble entered into a partnership with Cosmopolitan, with the aim of increasing awareness of its virtual dating service. The initiative was created in association with JUMP, which is the content and relations hub of Havas Media Group.
The online segment accounted for a significantly large revenue share in 2020 due to the rapid adoption of digital platforms for dating and finding compatible partners.
The Gen X segment accounted for a significantly large revenue share in 2020 due to the growing trend of finding partners online among members of this generation.
Revenue from the weekly segment is expected to increase at a rapid rate over the forecast period due to rapid demand for short-term and efficient subscription packages.
The report also studies leading companies of the Dating Services market along with an analysis of their business strategies, mergers and acquisitions activities, investment plans, product portfolio, financial status, gross margin and their production and manufacturing capacities. Some of the players analyzed in the report are: Badoo, Eharmony, Inc., Grindr LLC, Love Group Global LTD., Match Group, Inc., RSVP.COM.AU PTY LTD., Spark Networks SE, Spice of Life, The Meet Group , Inc. and Zoosk, Inc.
It focuses on recent mergers and acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial condition and business base. consumers.
The report further splits the Dating Services market into key segments such as types, applications, end-user industries, technologies, and key market regions. The report also throws light on the segment and region exhibiting promising growth in the Dating Services market.
Type Outlook (Revenue, USD Million, 2018-2028)
Demographic outlook (income, USD million, 2018-2028)
Subscription Outlook (Revenue, USD Million, 2018-2028)
Services Outlook (Revenue, USD Million, 2018-2028)
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Understand the market size
The size of the dating services market is considered in terms of market share, total available market as well as available market served. Not only does the study present the combined revenue for a particular market, but also the market size for a specific geographic region. Analysis of percentage or total market size available based on product type, technology, regional restraints and others forms an important part of the Dating Services report.
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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It further offers comprehensive coverage of strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements are expected to enhance market growth in the future. The report also covers an in-depth analysis of key market competitors along with their growth strategies and business expansion plans.
Key questions answered by the report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements in the market?
What are the key strategies adopted by the leading players in the Dating Services market?
What are the main types of products and applications of the dating services industry?
What is the result of the SWOT analysis and Porter’s five forces analysis?
How is the Competitive Landscape of the Dating Services Market?
Who are the major players in the industry?
What is the growth rate of the industry in the coming years?
What will be the valuation of the dating services market by 2027?
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