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5.9% CAGR for Dating and Matchmaking Market to Gain US$ 12.8 Billion by 2032; Says Marketresearch.biz Research Study

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New York, May 10, 2023 (GLOBE NEWSWIRE) — According to Marketresearch.biz, the Dating and Matchmaking Market size is projected to surpass around US$ 12.8 billion by 2032 from USD 7.3 Billion in 2022 and it is poised to reach a CAGR of 5.9% from 2023 to 2032.

Dating and matchmaking services is a business that provides specific mechanisms for dating and matchmaking services through the use of internet connection with personal computers and smartphones. The people recognized that findings a suitable partner is a challenging process. These challenges are addressed through the invention increase in internet services. Online dating and matchmaking apps are getting more traction than in the past few years due to increasing internet services worldwide. These online platforms provide a broad social network, GPS locations, and friendly use for dating and matchmaking of the young population.

Request a Dating and Matchmaking market Report to find out more about the major revenue-generating segments.@ https://marketresearch.biz/report/dating-and-matchmaking-market/request-sample/

Key Takeaway:

  • By Service, the Social Dating segment has dominated the market, and it is growing at a CAGR of 31% over the forecast period 2023 to 2032.
  • By Demographic, the Adult segment generated a revenue share of 52.0% in 2022.
  • In 2022, North America dominated the market with the highest revenue share of 39.0%.
  • Europe held a 25% revenue share in 2022.
  • Asia-Pacific will grow at the highest CAGR from 2023-2032.

Factors affecting the growth of the Dating and Matchmaking Market?

  • Increase in the geriatric population: Due to the increase in the number of singles, divorced, and young generations, there is also an increase in the demand for dating and matchmaking services in the market which will help to drive the market growth.
  • Rising awareness: People become more aware of the online apps and sites where young people easily find same-minded people, which drives market growth.
  • Advance Features: The advanced feature in existing sites with greater demand company offers various features to the customers who offer an enhanced customer base, greater convenience, and increased market growth.

Top Trends in Global Dating and Matchmaking Market:

Several industries launched new features by remembering the COVID-19 Pandemic situation. The companies launch advanced features, especially for online users, such as chat dating, video dating, chat gamification, etc. Grindr made some changes to the existing app with some advanced features. These advanced features involve video chat which is freely available to all customers.

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Market Growth:

The substantial growth in popular dating services is because of the trend of casual dating in the adult population. Also, increasing smartphone users coupled with the rising internet penetration all around the world are also supporting the development of the dating and matchmaking services market.

Regional Analysis:

On the basis of regions, the dating and matchmaking market is segmented into Asia Pacific, Europe, and the rest of the world. North America held the largest shares in dating and matchmaking services apps, with the highest CAGR during the forecast period. It is considered a mature market for the dating and matchmaking services market. It is due to the increasing number of people accounted for by the US population, which depends on the client base for the different suppliers of online dating site services worldwide. Asia Pacific has 2 billion active internet users, which is accounting 49% of the population. India, Japan, and China are some of the most dominant internet users in Asian Countries. The recent development of dating and matchmaking services using technology drives the growth of the market. For example, several companies adopted artificial intelligence to provide the best services to users.

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Scope of the Report

Report Attributes Details
Market Value (2022) US$ 7.3 Billion
Market Size in 2032 US$ 12.8 Billion
CAGR (2023 to 2032) 5.9%
North America Revenue Share 39%
Europe Revenue Share 25%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers:

An increasing number of marriages and dating means an increase in the number of software and websites for dating and matchmaking that drive the growth of the dating and matchmaking process. Especially marriages and dating outside traditional social circles, and increasing rates of interracial marriage are even more responsible for the market development. The growing population means the rising use of Internet services, which also increases the visibility of several online platforms for dating and matchmaking services. The dating and matchmaking sites provide video dating, chat dating, and other dating features to drive market growth.

Market Restraints:

The dating and matchmaking service market demand is growing with the increasing demand of users. The increasing interest of many adult populations also rises in advanced technologies and free smartphone subscriptions. However, the rising trust problems in initiating the chat hinder the reputation of online dating and matchmaking apps.

Market Opportunities:

Online dating and matchmaking apps help people find the same-minded partners with the same characteristics. Due to several characteristics and the easy availability of particular people on online platforms, online dating, and matchmaking apps are in high demand. People in the world are looking for particular characteristics of a suitable partner. The characteristic involves similar mindedness, same interests, and others. The market is anticipated to witness the introduction of advanced features in the app, ethnicity, sexual orientation, and other metrics becoming more inclusive by allowing representation of all users. Online dating and matchmaking are easy to use, quick, and convenient, and it requires less effort. However, it limits the number of people who can contact them by using many available features.

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Report Segmentation of the Dating and Matchmaking Market

Service Insight:

On the basis of service type, the market is segmented into Social Dating, Adult Dating Matchmaking,  and Niche Dating. Social dating holds the largest shares in the market, with the highest revenue shares in the market. Due to an increase in the number of singles, a rise in per capita income, and an increase in customer preference for nonmonogamous relationships with the highest rate of subscription for online dating services. The increased use of Artificial Intelligence supports extending training from profile references for life instruction and relationships.

Nonmonogamous and instant hookups are responsible for the growth of the market. Social dating has two different types of business models, Which involves paid subscription and free subscription. The paid subscription provides profitable & advanced services and makes things easier with access to search the partners as per their interest. The accessibility of internet connectivity and smartphones supports the increase in the use of dating services helping the expansion of the market.

Demographics Insight:

On the basis of demographics, the market is segmented into Adults and Generation X. Most people find their partner through the online dating and matchmaking app sits. Young people focus on their goals and choose non-committed relationships instead of committed ones. After the pandemic, most adults’ interest transferred towards online dating and matchmaking services due to their comfort. The social dating apps such as Tinder serve as an ideal platform. It is the reason that most dating and matchmaking services are more popular among the above 18 aged people.

Subscription Insight:

On the basis of subscription, the market is segmented into annual, monthly, weekly, and quarterly. Quarterly subscriptions hold the largest revenue share of this market. Several business players focus on creating attractive deals and generating advanced features to increase the subscription base and market revenue. Such factors help the growth of the online dating and matchmaking market. The business player in the online market is coming up with attractive deals that increase the subscription base and revenue. Industries such as Tinder give offers with advanced features to the customers for getting the quarterly subscription after more than one repetition. Such types of strategies drive the growth of this segment.

For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://marketresearch.biz/report/dating-and-matchmaking-market/request-sample/

Market Segmentation

By Service

  • Matchmaking
  • Social Dating
  • Adult Dating
  • Niche Dating

 By Demographics

  • Adult
  • Generation X

By Subscription

  • Annually
  • Quarterly

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Competitive Landscape

The competitive landscape of the market has also been examined in this report. Some of the major players include:

  • Match Group, LLC
  • Bumble Inc.
  • Grindr LLC
  • eHarmony, Inc.
  • Spark Networks, Inc.
  • The Meet Group, Inc.
  • com.au Pty Ltd
  • Coffee Meets Bagel
  • Ruby Life Inc.
  • Mobeze, Inc.
  • C-Date
  • Other key players

Recent Development of the Dating and Matchmaking Market

  •  In September 2021: Tinder Inc. expanded its business around Constant with a Short Film. Tinder Inc. introduced a film title closure to navigate through the tricky terrain of consent all around the world of advanced dating and matchmaking services.
  •  In March 2020: Tinder Inc. Declared that the business recorded greater than 3 billion which helps the advance of dating and matchmaking sites.
  •  In May 2022: Bumble declared a partnership with Cosmopolitan to increase awareness of its virtual dating and matchmaking offer. The initiative was developed in the collaboration with JUMP, Partnerships Hub, and Havas Media Groups content.

Related Reports

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Artificial Intelligence

Automotive Digital Cockpit Domain Controller Power Expected to Double by 2030

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NEW YORK, March 28, 2024 /PRNewswire/ — The lengthening lifecycle of vehicles is driving automotive Original Equipment Manufacturers (OEMs) to plan several years of customer support through regular Over-the-Air (OTA) updates. Achieving this requires a digital Cockpit Domain Controller (CDC) with an architecture that supports long-term updating and maintenance. According to a new report from global technology intelligence firm ABI Research, the computing power of the CDC will increase significantly over the next few years, with graphical computing power and deep-learning processing power (for AI-powered functions) expected to double by 2030 for an average mid-market CDC.

OEMs are beginning to plan for several years of support, both in software patches and bug fixes, and for delivering new added value features to the driving experience. “This support and feature roadmap requires a hardware and software architecture that supports the continuous updating of vehicles over time. OEMs need a system that accommodates quick, targeted updates by shipping vehicles with planned overhead in computing power, software containerization, and robust hypervisors. These can be accommodated by silicon vendors such as NVIDIA or Qualcomm with their suite of high-powered System-on-Chips (SoCs), along with hypervisor and software specialists such as Blackberry QNX. The ecosystem hasn’t fully adjusted to OTA updates in mixed-criticality systems like the digital cockpit domain controller yet, with most OEMs speculating about the level of computing power that is needed for several years of support and few going to their silicon and tier-one partners with roadmaps of planned features,” explains Abu Miah, Smart Mobility and Automotive Analyst at ABI Research.
The computing power of the CDC will increase significantly over time. The Tera Floating-Point Operations per Second (TFLOPS) of an average mid-market CDC is expected to rise from 1 TFLOPS in 2023 to 2.5 TFLOPS by 2030. Miah adds, “One of the primary drivers of this increase is the implementation of a larger number of higher resolution screens in the vehicle to accommodate new high-end gaming and video-on-demand features.”
Building a ‘future-proofed’ CDC is not as simple as throwing compute power at the vehicle. “OEMs, tier ones, and silicon vendors must all work toward an ecosystem of hardware and software agnosticism, modular architecture, and collaborative software development if they are to match customers’ expectations of updates, patches, and bug fixes from the consumer electronics space,” Miah concludes.
These findings are from ABI Research’s Future-Proofing Digital Cockpit Domain Controllers application analysis report. This report is part of the company’s Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info: 
GlobalDeborah Petrara Tel: +1.516.624.2558 [email protected] 
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ACL Digital in Collaboration with AWS and Infineon to Participate at Embedded World 2024

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SAN JOSE, Calif., March 28, 2024  /PRNewswire/ — ACL Digital, an ALTEN group company, is a pioneer in design-led digital experience, innovation, enterprise IT modernization, and product engineering services, announced that ACL Digital, in collaboration with AWS and Infineon, is going to showcase its AWS IoT & Cloud capabilities at Embedded World 2024, Hall 4 (Booth #4-552) from April 9 to April 11 in Nuremberg, Germany.

ACL Digital, a top-tier AWS Services partner, propels organizations of all sizes to navigate digital transformation to accelerate time-to-market. The company provides comprehensive support, from adopting to modernizing IT infrastructure on AWS. By leveraging expertise in architecture, security, migration, and operations, ACL Digital unlocks the full potential of AWS, streamlining IoT and cloud journeys and fast-tracking business growth and innovation.
The AWS Advanced Tier partnership enables ACL Digital to leverage AWS expertise, its robust support ecosystem and best practices to deliver customer delight.
ACL Digital offers visitors at Embedded World 2024 a chance to experience the exclusive demo of a Smart Stove Solution, built by leveraging the AWS Cloud and Infineon platform and how it has added value to our customers.
With over 100 AWS-certified experts, ACL Digital empowers clients to achieve breakthrough results in their digital transformation. Also, the leading digital transformation company supports global clients in navigating the complexities of cloud implementation, migration and digital transformation with ease and helping them unlock new growth opportunities.
About AWS
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 105 Availability Zones within 33 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in Malaysia, New Zealand, Thailand, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit https://aws.amazon.com .
About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). To learn more about Infineon, visit https://www.infineon.com/
About ACL Digital
ACL Digital an ALTEN Group Company, is a digital product innovation and engineering leader. We help our clients design and build innovative products (AI, Cloud, and Mobile ready), content and commerce-driven platforms, and connected, converged digital experiences for the modern world through a design-led Digital Transformation framework.
Headquartered in Silicon Valley, ACL Digital is a leader in design-led digital experience, innovation, enterprise modernization, and product engineering services converging to Technology, Media & Telecom. The company has a workforce of 57,000+ spread across more than 30+ countries.

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Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining

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JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.

 
 
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.  
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
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