Size online dating industry
"As far as other competition is concerned, we expect Match to continue acquiring assets it views as either a threat or additive to its already well-run brands," Kelley wrote."This is evidenced by its majority ownership of Hinge, which is a property we believe is a natural next step for Tinder members seeking longer-term relationships." Even Facebook, which recently announced a foray into dating, shouldn't be a concern.North America contributed to the major market share in 2017 and is expected to grow at a CAGRs of 4.5% throughout the forecast period.Inquire more about this report: in the report include Badoo eharmony, Inc., Grindr LLC, Love Group Global Ltd., Zoosk Inc, Spark Networks SE, au Pty Ltd, The Meet Group Inc., Match Group, Inc., and Spice of Life.
The numbers that Kelley referenced showed that 310 million people are expected to be actively using an online dating platform by 2020, a 15% increase from 2015.By demographics, the adult segment held the major share of 70% and is anticipated to grow at the highest CAGR of 4.9% throughout the period 2018-2025.The market is analyzed across various regions including North America, Asia-Pacific, Europe, and rest of Asia-Pacific.Based on subscription, the quarterly segment held 34% of the total market and is anticipated to be dominant during the study period.This same segment is also projected to have the fastest CAGR of 4.9% from 2018-2025.