Size online dating industry
North America contributed to the major market share in 2017 and is expected to grow at a CAGRs of 4.5% throughout the forecast period.
"Roughly half of internet users are single, and we estimate 20% of them will be willing to use online dating products by 2020 (up from 15% in 2015), which equates to ~310 million people globally (excluding China)," Kelly said.
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The numbers that Kelley referenced showed that 310 million people are expected to be actively using an online dating platform by 2020, a 15% increase from 2015.
By demographics, the adult segment held the major share of 70% and is anticipated to grow at the highest CAGR of 4.9% throughout the period 2018-2025.
The market is analyzed across various regions including North America, Asia-Pacific, Europe, and rest of Asia-Pacific.
Wall Street thinks online dating could be the next hot sector, and the latest estimate sees the market growing to $12 billion by 2020.