Online dating and matchmaking may be a service delivered through a web-based computer system or smartphone applications typically employing a smartphone’s GPS location feature and its fast access to digital photo galleries and mobile wallets to enhance the method of online dating. These apps modify and speed up the method of flirtation, chatting, meeting, and probably turning into romantically concerned in ancient online dating services. There are several benefits to victimization online qualitative analysis apps. there's a lot of potentialities that a user will realize the same-minded person in online dating.
This growth is primarily driven by Growing Adoption of Smartphones and The Growing Penetration of The Internet and Increasing Social Trends and Increased Dating and Marriage Outside Traditional Social Circles.
Globally, a noticeable market trend is evident Integration of Automation with Matchmaking and Online Dating App. The Business Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Bumble (United States), Tinder (United States), OkCupid (United States), Coffee Meets Bagel (United States), Match.com (United States), Her (United States), Grindr (United States), Plenty of Fish (Canada), Happn (France), Hinge (United States) and HiHi (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, The Meet Group, Inc., a leading provider of interactive dating solutions was acquired by ParshipMeet Group. By this acquisition, ParshipMeet Group operates The Meet Group’s dating apps MeetMe, LOVOO, Tagged, Skout, and GROWLr, as well as Parship Group’s matchmaking brands harmony, Parship, and ElitePartner, creating a diversified international market leader in online dating.
In 2020, HiHi launched a mobile application for both android and IoS for matchmaking and online dating features for Indian audiences who are looking for making new friends, dating partners. The players should focus on integrating artificial intelligence and automation for better matching and location precise notifications to sustain the high competition.
- Growing Adoption of Smartphones and The Growing Penetration of The Internet
- Increasing Social Trends and Increased Dating and Marriage Outside Traditional Social Circles
- Integration of Automation with Matchmaking and Online Dating App
- Various Online Frauds Called Romantic Scams and Data Breach
Rising Demand of Online Dating and Matchmaking For Different Demographics Of People With Different Sexual Orientation
Malware Attacks on Stored Data And Limited Trust of Population On Online Dating
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Dating & Matchmaking Study Sheds Light on
The Online Dating & Matchmaking Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online Dating & Matchmaking industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Dating & Matchmaking industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Online Dating & Matchmaking Market?
The Online Dating & Matchmaking market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Online Dating & Matchmaking Market?
Top performing companies in the Global Online Dating & Matchmaking market are Bumble (United States), Tinder (United States), OkCupid (United States), Coffee Meets Bagel (United States), Match.com (United States), Her (United States), Grindr (United States), Plenty of Fish (Canada), Happn (France), Hinge (United States) and HiHi (India), to name a few.
3. Which region dominated the worldwide market for Online Dating & Matchmaking in 2020?
North America is dominating the Online Dating & Matchmaking Market.