Research And Markets released a report detailing the exponential growth of the global dating services market during an analysis period of 2023-2028 growing at a Compound Annual Growth Rate (CAGR) of 6.49%. According to the report, the global dating services market is projected to reach an astounding $13 billion by 2028.
Addressing the report, Cision's PR Newswire writes, "The global dating services market has witnessed substantial growth, reaching a market size of US$ 8.7 billion in 2022." This indicates the rapid expansion of the industry in recent years.
The global dating services market includes a range of dating service platforms where people can connect with potential romantic partners. These platforms often offer digital messaging and compatibility matching services to help users find well-suited partners based on factors such as age, gender, location, lifestyle, and preferences.
One of the key driving factors behind the growth of the global online dating services market is its popularity among the younger generations. With the younger demographic being exposed to various social media platforms, they are more inclined to use dating services as a means to find and connect with partners. The convenience and ease of using these services, along with the ever-growing usage of smartphones worldwide, further contribute to the market's expansion.
Research and Markets, the organization behind the report, is the world's largest market research store. Established in 2002 and headquartered in Dublin, Ireland, they provide data and insights for over 450 clients across 800 industries and markets. Their extensive range of data covers various sectors, from automotive to telecommunications.
The projected growth of the global dating services market highlights the increasing demand for online platforms that facilitate connections and relationships. As the industry continues to evolve and adapt to changing user preferences, it is likely to witness further expansion in the coming years.