SAN DIEGO – TigersOfTinder announces the release of the report: online dating outlook in 2021 and beyond.
The global online dating industry has witnessed immense growth and is still expected to grow even further. The sector is being driven by different factors, including changes in perception regarding online dating, internet penetration, an increase in smartphones, an increased number of singles. In the year 2017, the industry value was $6,400 million. According to a recently released report, its value is expected to rise to $9,202 by 2025. A projection of 4.7% is expected from 2018 to 2025.
Key Players in the Dating Services Industry
Online dating companies in the dating sector provide essential services for partners to meet each other. Usually, they offer dating services through the phone or computers, which are powered by the internet. These companies provide a channel for meeting a partner of their choice. Some companies have even specialized in offering singles events like speed dating. Unlike traditionally, where couples meet in real life, one is more likely to find their next partner online.
The rise of the internet in the past few years has led to the rise of dating companies. Many companies have penetrated this industry, with the key players being The Meet Group, Match, Badoo, eHarmony, Love Group Global, Spice of Life, Sparks Network, Grindr, Zoosk, and rsvp.com.au. These companies are at the forefront and seem to be dominating the dating industry.
The Purpose of An App
The rise of mobile apps has caught the attention of many people. Since many people own smartphones, the dating sector has benefited a lot. Most dating companies have developed apps for their users. This implies that there is no need to always be on a computer to keep in touch. All users need is internet connectivity, and they are good to go. Whether they are in a meeting or on a busy highway coming from work, they can privately send a text using a dating app.
According to an Us Weekly article, each hookup dating website and app applies its own strategies, making it easier for the interested parties to decide which suits them. For an app like Tinder, the main focus here is based on appearance, and users get to choose based on what they like. In EHarmony, one has to undergo a thorough process before users get a person to date and the same case applies for Christian Mingle, only that this site is only meant for Christians. If users know what they want and are honest enough, they are likely to get what they are looking for.
Today, the number of people meeting online has really gone up. One is more likely to get their dream partner online rather than via a friend or at the workplace. Online dating websites and apps have powered this. In fact, more than 40% of the total population is reported to have used these online platforms in search of soul mates, with 68% of them being male. This is a clear indicator that the number of people using these powerful dating tools will certainly increase soon.
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