Nearly half of the country’s million unmarried people are expected to use online dating platforms by as young and independent singles are successfully using apps to find a romantic match. Known as “matching windows and doors”, Chinese parents have played the role of matchmaker for generations, pairing up their children based on personality traits, occupations and socioeconomic class. While these practices still exist, China’s increasingly independent young people are now in favour of a more empowering digital solution. One such example is Baihe, a dating platform that digitises the more traditional aspects of courtship in China. While other online dating platforms — such as the industry leader Momo — are designed for more casual dating, Baihe provides a platform to find a potential spouse. The personal data supplied by users — including real names, qualifications, occupation, property ownership information and credit scores — is used to find a good romantic match. While these digital matchmaking platforms might have modernised the dating experience for young Chinese people, like generations before them, they still face social expectations to marry and have children.
Online Dating Statistics & Facts
How much do the different companies charge? Price and service comparisons go here, too. The online dating industry generates revenues in two ways. The first way is by having a group of paying subscribers who desire to have access to a marketplace of people. The second way companies make money is by offering free access and use of the website to the public.
Revenue from the online dating industry in China is forecast to reach US$ million wedding ceremony and marriage consulting services.
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The Rise of Online Dating, and the Company That Dominates the Market
The dating industry has been continuously growing for many years and it is highly unlikely that the growth is going to stop anytime soon. It is estimated that by the end of this decade around half of the couples will have been met online. One of the biggest dating services in the industry is Match Group.
Anyone who has used an online dating site or app will perhaps be familiar with the spread of words that commonly arise in relation to Tinder.
Reading Support The Online Dating segment is expected to show a revenue growth of Reading Support In the Online Dating segment, the number of users is expected to amount to Reading Support User penetration in the Online Dating segment will be at 2. Online Dating is the category with the highest amount of available services and the highest amount of users. Several mobile dating apps have taken off in this segment in the past few years, but few are actually making any significant revenues.
Freemium is the most common business model, with some enticing basic services offered for free along with an upsell to more advanced, paid subscriptions. Tinder is a good example for a household name and exceptional good business model. With its swiping feature it became the top-grossing non-game app for the first time in years.
Asia and South America are promising regions for the near future. Reading Support In the year a share of The Users by age box shows the age distribution of users of the selected market market segment, region in age groups. The data is based on Statista’s Global Consumer Survey. The Users by gender box shows the gender distribution of users of the selected market market segment, region.
Data in countries not covered by the Global Consumer Survey refer to the superordinate world region.
How Much Does It Cost to Develop a Dating App Like Tinder?
To view this statistic you need a Corporate Account, which includes the following benefits. Additional Information. Show source. Show sources information Show publisher information. The eServices market segment Dating Services contains the user and revenue development of three service categories: 1 Matchmaking, 2 Online Dating and 3 Casual Dating. Dating Services are generally characterized by their search functionality which enables its users to establish interpersonal relationships via the internet.
With the steady revenue stream generated from subscription users, vendors are in a position to optimize their matchmaking algorithms, which.
Purchase this report now and if we publish a new version within 90 days, we will send you a free copy. Licensing options. Allows all employees of an organization to access the purchased report. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral. The online dating services market size has the potential to grow by USD 3. Request a FREE sample now! The market is fragmented. Match Group Inc. Although the low hassle in order to find a partner will offer immense growth opportunities, limited trust in online dating services will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Online dating or Internet dating is a system that enables people to find and introduce themselves to potential connections over the Internet , usually with the goal of developing personal, romantic, or sexual relationships. An online dating service is a company that provides specific mechanisms generally websites or software applications for online dating through the use of Internet-connected personal computers or mobile devices.
Such companies offer a wide variety of unmoderated matchmaking services, most of which are profile-based.
But the company’s flagship dating service Tinder had not yet But there were numerous signs of how the coronavirus took its toll on online dating. Tinder’s average revenue per user (ARPU) grew just 2%, mainly due to.
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 Beyond its existing users, dating services benefit from tailwinds such as an untapped market, increasing millennial spending power, young people delaying life milestones such as marriage and home purchasing, as well as working longer hours.
This is all on top of the growing ubiquitousness of broadband internet and growing acceptance and legitimacy around online dating. While few would be surprised to hear that young adults are active with online dating, they might be when they realize that those in their late 50s and 60s are also quite active.
This report provides an in-depth analysis of the online dating market including a detailed description of market sizing and growth. The report provides an analysis of the global online dating market by value, by volume and includes segment analysis as well. Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global online dating market has also been forecasted for the period , taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The major players dominating the online dating market are Match Group, Inc. The four companies have been profiled in the report providing their business overview, financial overview and business strategies.
Match Group annual/quarterly revenue history and growth rate from to . of money a company receives from its customers in exchange for the sales of goods or services. Retail/Wholesale · Internet Commerce, $B, $B. Match Group Inc. is a provider of dating products through portfolio companies.
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.
START EARNING MONEY FROM YOUR DATING TRAFFIC TODAY!
Source: Juniper Research. Online dating has proved to be a high-risk vertical due to the increased level of chargebacks. The checkout process with credit and debit card-based payment solutions are and will remain to be time-consuming and a ponderous experience for the users. One thing we know for sure : they all have mobiles! Reduce your chargeback costs — the chargeback ratio is far lower for transactions by Direct Carrier Billing compared to those of credit cards.
Encourage and boost impulse purchases — no need for any kind of account or card registration process.
As usage heats up, these matchmaking services are not only taking advantage of abandoned ad space, but some are even braced for a revenue.
Tinder will add a video dating feature in the second quarter of this year, parent company Match announced on Tuesday as part of its Q1 earnings report. The company also detailed the coronavirus impact, which slowed Tinder user growth in the quarter, as social distancing requirements and government lockdowns went into effect. In the quarter, it accelerated the rollout of a one-to-many live-streaming feature that has so far exceeded its expectations, the company said,.
Match-owned Hinge also introduced a video call feature called Date from Home this month. Match explained the reason for its hesitance on video during its earnings calls with investors, saying that video features had been tried over the years, but never saw much adoption. Tinder ended the quarter with 6 million subscribers, up from 5.
In the year-ago quarter, it had added , paid users. Like many other companies, Match declined to offer a full-year financial outlook, saying there were too many unknowns with regard to the pandemic. But there were numerous signs of how the coronavirus took its toll on online dating.
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Many online dating apps came in the market and some of them made its name in the market with its unique features. There are about dating websites.
The following pages are an attempt by me to organize the vast majority of online dating related statistics and facts available on the Internet. Almost every week there seems to be a new report or study produced that tries to top the last one. While statistics can be spun to make almost anything look good, I’ve tried to report just the basic facts. The data has been gathered from such sources as blogs, online newspaper and magazine articles, company financial statements, company advertising information packages including media packages , the actual dating service website or their parent company website , and multiple website measurement services.
I’ve decided to organize the statistics and facts into two main areas. The first which starts on this page will deal with the general online dating industry as a whole. This section also includes any relevant facts about dating, relationships, and marriage that I thought would be of interest to the dating industry.
The second part is for actual dating services this includes dating sites and dating apps. In the contents below you will find them divided up accordingly. Each service has their own page. Please note that the information is also sorted by year but this is the year the information was published and not always the year the information is for. If this is the case then, the date will be noted.
Valuation Guide: Online Dating Industry
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.
Online dating services provider Match Group forecast third-quarter sales above estimates and reported better-than-expected second-quarter revenue on Tuesday, as its popular app Tinder attracted more users. The app reported 5. Tinder, which has made “swipe left” and “swipe right” a point of pop culture conversations, grew its subscriber base manifold with new launches. Tinder’s lighter app version, Tinder Lite, was launched in the quarter on Android platforms in a few South-east Asian and South American countries.
Read Receipts allows a person to see if their match on the app has seen their messages, while Super Boost gives a person more visibility. Match now expects to add over 1.