Press Release

North America to Dominate Dating Apps Market until 2024

Surging internet and smartphone penetration is expected to drive growth in global dating apps market during forecast period

According to TechSci Research report, Global Dating Apps Market By Age, By Gender, By Subscription, By Region, Competition, Forecast & Opportunities, 2024, the global dating apps market is forecast to reach $8.4 billion by 2024. Dating apps are witnessing rising adoption owing to the increasing internet and smartphones penetration. Additionally, the present younger generation is so busy in their lives that they hardly get any time to socialize, hence they use such apps for socialization and finding a partner. However, rising cybersecurity concerns can hamper the growth of market during forecast period.

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The global dating apps market is segmented based on age, gender, subscription, company and region. Based on Age, the market can be categorized into (18-25 years), (26-34 years), (35-50 years) & Above 50 years. Millennials (18-25 years) are the ones who are ruling the market. Based on gender, the market can be bifurcated into male and female. The male population dominates the market since there is a very small population of women who are using such platforms to find their partners. On the basis of subscription, the market can be fragmented into Premium annually, Premium monthly and Non-premium. The Non-premium subscription segment is expected to register significant growth during the forecast period since it is the most preferred segment when people think of trying the paid versions of the app.

Match Group, Inc. (OkCupid, PlentyOfFish, Tinder, and Match.com), Badoo, eHarmony, Inc., Grindr LLC, FTW & Co (Happn), Spark Networks, Inc., The Meet Group, Inc., Zoosk Inc., RSVP.com.au Pty. Ltd., and The League are some of the leading players operating in global dating apps market. The companies operating in the market are focusing on innovations to strengthen their position in the market. For instance, eHarmony, one of the key players in online dating services market, announced developing an AI-enabled feature that nudges users to suggest meeting in person after they have been chatting in the app for a while.

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North America is expected to dominate the dating apps market during the forecast period. This can be attributed to the fact that the US population accounts for higher number of singles, which turns out be the targeted customer base for various dating apps services providers. Moreover, the region has higher rate of internet penetration with 80% of the service sector going online for the sake of convenience and time value. It is estimated that around 50 million users stay active on various online dating services apps and sites in North America.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Dating Apps Market By Age, By Gender, By Subscription, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global dating apps market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global dating apps market.

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