England Region is Expected to Lead United Kingdom Online Dating Services Market until 2028
The rise in the number of people using dating apps online and
the high rate of internet adoption cause a high demand for online dating
services, which will drive the United Kingdom's online dating services market
from 2023 to 2028.
According to TechSci
Research report, United Kingdom Online Dating Services Market - By Region, Competition
Forecast & Opportunities, 2018-2028 the United Kingdom Online Dating Services Market is
expected to register robust growth during the forecast period, 2023-2028.
the primary drivers propelling the
growth of the online dating service The increase in internet service usage and
the rise in dating and marriage are the main factors boosting the market for
online dating services. The sector has several opportunities to expand as a
result of expanding internet usage and smartphone adoption.
Due to COVID-19 restrictions and
lockdown, the aggregate revenue of online dating platforms and apps increased
significantly, positively impacting the online dating sector. In addition, many
people choose online dating services when they have free time due to the
lockdown restrictions placed in some countries because of the pandemic. For
instance, Bumble Inc., a top provider of online dating services, reported a
significant increase in paying members. However,
several companies are making significant efforts to steer the online dating service
industry in the correct direction. Additionally, local governments are pursuing
several relief measures to lessen the detrimental effects of the COVID-19
epidemic. The Online dating service market is therefore anticipated to return
to its previous trajectory after 2022.
Globally, the number of single people
has been rising recently. These people have specific qualities they seek, and
internet dating and other means of meeting people help them uncover those
qualities. Because of this, these people are using online dating more
frequently, which allows the market to grow. Additionally, as new technologies
are incorporated and various features are added to online dating, the service
provider can improve the user experience and match customer expectations,
promoting the market growth.
In the past few years, several mobile
dating applications have gained popularity in this market, but only a select
few are genuinely profitable. The most popular business strategy is called
"freemium," where some alluring basic services are provided for free
with an upsell to more sophisticated, premium subscriptions. An excellent
example of a well-known brand and successful business model is Tinder. For the
first time in years, it overtook the top-grossing non-game app thanks to its
swiping function.
Browse over XX market data Figures spread
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The
market is segmented based on segments: types, services, and subscriptions.
Based on type, the online dating services market is further sub-segmented into
non-paying online dating and paying online dating. Based on service, the online
dating application market is segmented into matchmaking, social dating, adult
dating, and others. Based on type, the market is divided into non-paying online
dating and non-paying online dating. Non-paying online dating segmented is
expected to have high CAGR in the forecast period. People use online dating
apps for a short period; they prefer a non-paid version of dating apps that are
feasible for their use.
Based
on services, the market is segmented into matchmaking, social dating, adult
dating, and others. Online dating service market is anticipated to be dominated
by the social dating in the forecast period in 2022, This is because adult
subscribers of dating services are using them more frequently, and because
internet connectivity is becoming more widely available.
Based
on subscription, the market is segmented into annually, quarterly,
monthly, and weekly.
The quarterly subscription had the
most significant revenue share in 2022, and it is expected to maintain its
prominence in the years to come. The growth is linked to customers having a
comprehensive time to determine if they want to continue with premium and
whether it is worthwhile for them to invest their time and money in it, thanks
to quarterly subscriptions.
Key market players in the
United Kingdom Online Dating Services Market include:
- Bumble Holding Limited
- Hinge, Inc
- Badoo Limited
- Feeld Limited
- Hamborner Holdings Limited
- Humor Rainbow Inc
- EHarmony.com Inc
- Hily Corporation
- Match Group, Inc
- Stende Solutions Limited
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“The platform's application segment is anticipated to
increase at a 6.3% CAGR throughout the forecast period. The development of
smartphone-based online dating app security features is blamed for the market's
expansion. Due to this, people from all socioeconomic backgrounds now often use
smartphone-based online dating applications like Tinder, Bumble, Badoo, and
others. Additionally, it is anticipated that there will be considerable
development prospects soon due to the expanding smartphone adoption and
increasing internet accessibility in emerging nations due to which market is
expected to grow in the forecast period 2023-2028.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
United Kingdom Online Dating Services Market By Type (Non- paying online
dating, Paying Online
Dating), By Deployment (Cloud,
On-premises), By Enterprise (Small & Medium Enterprise, Large Enterprise), By
Security Type (Network Security, End-point Security,
Application Security, Cloud Security, and Others), By Application (Smart
Manufacturing, Smart Energy & Utilities, Connected Logistics, Smart Home
& Consumer Electronics, and Others), By Region,
Competition Forecast and Opportunities, 2028 has evaluated the future growth potential of United Kingdom
Online dating service 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 United Kingdom Online dating service
market.
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