Dating Services - Western Africa

  • Western Africa
  • Revenue in the Dating Services market is projected to reach US$72.42m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.01%, resulting in a projected market volume of US$127.70m by 2029.
  • The Online Dating market has a projected market volume of US$38.94m 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$6.92 in 2024.
  • In the Dating Services market, the number of users is expected to amount to 14.8m users by 2029.
  • User penetration in the Dating Services market will be at 2.5% in 2024.
 
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Analyst Opinion

The Dating Services market in Western Africa is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Western Africa are shifting towards online dating platforms and mobile applications. This is driven by the increasing popularity of smartphones and internet access in the region. Customers are seeking convenient and accessible ways to meet potential partners, and online dating provides a platform for them to connect with a larger pool of individuals. Additionally, Western African customers are becoming more open to the idea of online dating as a legitimate way to find love and companionship. Trends in the Dating Services market in Western Africa include the rise of niche dating platforms tailored to specific cultural or religious groups. This allows customers to find like-minded individuals who share similar values and beliefs. Furthermore, there is a growing demand for matchmaking services that provide personalized and tailored matches based on individual preferences and compatibility. This trend is driven by the desire for more meaningful connections and long-term relationships. Local special circumstances in Western Africa also contribute to the development of the Dating Services market. The region has a young population, with a significant percentage of individuals in their twenties and thirties. This demographic is more open to exploring new ways of meeting potential partners and is driving the demand for dating services. Additionally, Western African cultures place a strong emphasis on family and marriage, which creates a societal pressure to find a life partner. This further fuels the demand for dating services in the region. Underlying macroeconomic factors, such as increasing urbanization and economic growth in Western Africa, also play a role in the development of the Dating Services market. As more people migrate to cities and experience higher disposable incomes, they have more opportunities to engage in dating activities and invest in dating services. The growing middle class in the region is also driving the demand for premium dating services that offer additional features and benefits. In conclusion, the Dating Services market in Western Africa is developing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As the region continues to urbanize and experience economic growth, the demand for dating services is expected to further increase. This presents opportunities for both local and international dating service providers to expand their presence in the Western African market.

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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