Category Archives: East Meets East

Us Singles Fuel the $2.5 Billion Dating Marketplace

by John LaRosa , on 15, 2018 august

Matchmaking and internet dating has grown to become business that is big with dating services approximated to be well worth $2.5 billion in 2015 and forecast to develop 5.1percent each year to $3.2 billion by 2020.

The industry that is dating of a great deal more than simply dating internet sites, although these have the almost all the media attention and take into account 70% associated with the industry’s revenues. America’s 124 million singles are utilising apps that are mobile usually, but old-fashioned solutions like matchmakers and dating coaches may also be doing well.

The services that are dating is really a fragmented but growing one; both little, entrepreneurial organizations and $1 billion corporations compete. There’s no trade that is national to police ethics and advertising practices. Some solutions are free, while others are priced at up to $250,000 (for elite matchmakers). The online world and reality that is dating programs (The Millionaire Matchmaker, The Bachelor, as well as others) have actually brought these solutions in to the conventional and taken the stigma out from the occupation. There is apparently a site and cost for each and every types of lonely person that is single in every age bracket.

Online dating sites has its own share of challenges. Continue reading