Millennials have become a growing force in society. Compared to their predecessors, the generation that grew with the Internet and electronic devices is considered more adept at adapting to new ideas and more open-minded regarding the unconventional. When it comes to Millennial relationships, online dating is a rapid-growing industry, with more than dating apps and websites operating around the world. According to Statista, online dating industry revenues reached US1. Instead of having users simply swipe through headshots, many new dating apps and online platforms are leveraging artificial intelligence to introduce a variety of novel approaches to smart matchmaking. Lara uses natural language learning NLP to communicate with users using colloquial terms, guiding them through profile settings and tweaking match recommendations based on follow-up conversations.
Nomura says it's worried about Facebook's foray into dating either, and says Match keeps competition at bay by buying out competitors, like its Hinge acquisition this summer. It all comes down to peoples' increasing willingness to try out online dating, Mark Kelley, an analyst with Nomura Instinet, said in an note to clients Friday. That acquisition is reflective of Match's overall strategy, Kelley says, of buying out competitors before they reach meaningful scale that could potentially eat into Match's user base. Even Facebook, which recently announced a foray into dating , shouldn't be a concern. After all, it's not a winner-take-all market in Kelley's view.
Reading Support The Online Dating segment is expected to show a revenue growth of 9. Reading Support In the Online Dating segment, the number of users is expected to amount to Reading Support User penetration in the Online Dating segment is at 3. Reading Support In the year a share of
While online dating was once considered taboo, the number of couples meeting online has more than doubled in the last decade to about 1-in This unique dataset charts a significant shift in the way couples meet each other, and demonstrates how our changing communication habits are driving massive growth in the online dating market. Tinder globally popularized app-based matchmaking when it launched on iPhones in , and later on Android in