Size of online dating market uk
That means making a dent as a new player will be harder than ever since many will have to build a database of users from scratch, says IBISWorld analyst Jeremy Edwards.
One of the world’s oldest professions is matchmaking, and given the role of technology in today’s world, it’s no surprise that the industry is booming.Online Dating Websites: Sites such as Match.com, Plenty of Fish, e Harmony, and hundreds more bring affordable and convenient matchmaking services to America’s 124 million singles.Dating Apps: Smartphones have brought online dating into the hands of thousands of Millennials through popular new apps.In addition to product expansion, as consumer demand for online dating and matchmaking services has grown, new companies have entered the industry, says Moldvay.IBISWorld estimates that the number of companies in the Dating Services industry increased at an average annual rate of 3.1% to 3,898 in the five years to 2013.
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According to Marketdata Enterprises Inc., dating website revenues are expected to slow down and achieve only moderate growth this year because the U. But, that doesn’t mean businesses should lose hope. And finally, as more success stories emerge, many singles will turn to matchmaking services.