Casual Dating Services Market Share, Key Players Analysis and End-User Analysis till 2028
The global casual dating services market size is estimated to reach USD 3.78 billion by 2028 and is expected to expand at a CAGR of 8.5% from 2021 to 2028, according to a new report by Million Insights. The key growth factors of the market include the growing users of online dating mobile applications among the young population across the globe. Moreover, the growing usage of smartphone users coupled with the significant rise in internet penetration are other factors that are propelling the growth of the market during the forecast period. However, the rising number of online scams increases data privacy and security concerns, which, in turn, is projected to hinder the market growth during the forecast period.
The global casual dating services market size is estimated to reach USD 3.78 billion by 2028 and is expected to expand at a CAGR of 8.5% from 2021 to 2028, according to a new report by Million Insights. The key growth factors of the market include the growing users of online dating mobile applications among the young population across the globe. Moreover, the growing usage of smartphone users coupled with the significant rise in internet penetration are other factors that are propelling the growth of the market during the forecast period. However, the rising number of online scams increases data privacy and security concerns, which, in turn, is projected to hinder the market growth during the forecast period.
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Casual Dating Services Market Report Highlights
Europe accounted for the second-largest share of the global market revenue in 2020
The strong presence of key players and long-standing demand for online dating services owing to
high spending is responsible for the high market share of the region
Asia Pacific is expected to register the fastest CAGR of more than 9% during the forecast period
Key countries, such as China and India, are positively contributing to the growth of the APAC
regional market
The application segment is projected to register the fastest CAGR during the forecast period
A significant rise in the use of smartphones and easy internet access, coupled with developments
in online dating apps, drive the segment growth
Casual Dating Services Market Segmentation
Million Insights has segmented the global casual dating services market on the basis of platform and region:
Casual Dating Services Platform Outlook (Revenue, USD Million, 2017 - 2028)
Application
Web Portals
Casual Dating Services Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
o U.S.
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