Dating Services - Chad

  • Chad
  • Revenue in the Dating Services market is projected to reach US$3.62m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.65%, resulting in a projected market volume of US$7.82m by 2029.
  • The Online Dating market has a projected market volume of US$2.46m in 2024.
  • In global comparison, most revenue will be generated in the United States (US$2,547.00m in 2024).
  • The average revenue per user (ARPU) in the Dating Services market is projected to amount to US$5.70 in 2024.
  • In the Dating Services market, the number of users is expected to amount to 907.8k users by 2029.
  • User penetration in the Dating Services market will be at 3.4% in 2024.
 
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Analyst Opinion

The Dating Services market in Chad is experiencing significant growth and development, driven by changing customer preferences and the increasing adoption of online dating platforms. Customer preferences in the Dating Services market have shifted towards convenience and efficiency, with more individuals opting for online dating platforms over traditional methods of meeting potential partners. This shift can be attributed to the busy lifestyles of modern individuals, who are increasingly relying on technology to simplify various aspects of their lives. Online dating platforms provide a convenient and accessible way for people to connect with others who share similar interests and values, without the need for face-to-face interaction. Trends in the market indicate a growing acceptance and popularity of online dating in Chad. This can be attributed to the increasing availability of smartphones and internet connectivity, which have made online dating platforms more accessible to a larger population. Additionally, the COVID-19 pandemic has further accelerated the adoption of online dating, as social distancing measures and restrictions on social gatherings have limited opportunities for traditional dating. In Chad, there are certain local special circumstances that influence the development of the Dating Services market. The country has a relatively young population, with a significant proportion of individuals in the prime dating age range. This demographic factor contributes to a higher demand for dating services, as young adults actively seek romantic relationships and companionship. Furthermore, the cultural norms and traditions in Chad may also play a role in shaping customer preferences and the overall dynamics of the dating market. Underlying macroeconomic factors also contribute to the development of the Dating Services market in Chad. As the country experiences economic growth and an increase in disposable income, individuals have more financial resources to allocate towards leisure activities, including dating. This economic prosperity creates a conducive environment for the growth of the dating industry, as people are more willing to invest in finding romantic partners. In conclusion, the Dating Services market in Chad is growing and evolving, driven by changing customer preferences, increasing adoption of online dating platforms, and underlying macroeconomic factors. The convenience and accessibility offered by online dating platforms, coupled with the young demographic profile of the country, contribute to the market's development. Additionally, economic growth and rising disposable income further fuel the demand for dating services in Chad.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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