A new market research report has been released about the global online dating space.
Compiled by TechNavio and titled “Global Online Dating Services Market 2017-2021”, the report offers forecasts for the space, looking at the current state and growth prospects.
The market research report predicts the space to grow at a compound annual growth rate of 5.31% between 2017 – 2021.
Categories include market landscape, market segmentation by type, gender, revenue, age and device, as well as geographical segmentation, key countries and drivers/challenges.
According to the authors, one of the major factors hindering the industry’s growth is trust in online dating services: “Despite online dating services being such a wide spread phenomenon, there is still a large segment of population that still do not agree with the idea of online dating.
“This is one of the major factors for people in South Asian countries. As these countries have a high population, the perception of dating service is a huge challenge to the online dating services market.”
TechNavio said the study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry, and includes a SWOT analysis of key vendors.
The report is available on Research and Markets here.