Dating Services in the US - Industry Market Research Report

In the air: Industry revenue will benefit from rising demand due to fading social stigmas

The industry has exhibited strong growth in recent years as many consumers use the internet to seek love. The proliferation of broadband internet connections and the erosion of stigmas against online dating has helped the industry thrive. Furthermore, companies that are able to take advantage of rising smartphone adoption in the United States have been highly successful, with many companies offering services exclusively through mobile apps. Consumers are increasingly accessing the internet through their smartphones, enabling consumers to access online dating services at their convenience. As a result, overall industry revenue will grow at a CAGR of 2.1% to $4.3 billion over the past five years, with a 2.9% increase in 2023 alone. Companies in this industry provide services facilitating clients meeting one another, usually with the intent of pursuing romantic relationships. Services can be provided via phone, internet, magazine and newspaper. The industry also includes companies that specialize in singles events, such as speed dating. It does not include social networking sites. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.