by John LaRosa , on August 15, 2018
Matchmaking and internet dating is actually big business, with online dating services believed to be worth $2.5 billion in 2015 and forecast to develop 5.1% each year to $3.2 billion by 2020.
The dating industry comprises of even more than simply dating sites, although these have the majority of the news attention and account fully for 70% of the industry’s revenues. America’s 124 million singles are utilizing apps that are mobile frequently, but old-fashioned services like matchmakers and dating coaches are succeeding.
The services that are dating is really a fragmented but growing one; both small, entrepreneurial organizations and $1 billion corporations compete. There’s no national trade association to police ethics and advertising methods. Some solutions are free, while others cost up to $250,000 (for elite matchmakers). The online world and reality that is dating programs (The Millionaire Matchmaker, The Bachelor, among others) have actually brought these types of services in to the main-stream and taken the stigma out from the profession. There is apparently a solution and cost for each kind of lonely solitary individual, in every age bracket. Continue reading “Us Singles Fuel the $2.5 Billion Dating Marketplace”