Table of Contents
- Trends Influencing the Online Dating Market Size
- Are Online Dating Apps Profitable – What do the Market Search Reports by CAGR, Statista, Valuates say?
- 4 Categories for Dating Services
- Trending Dating App Development Features
- Dating App Development Trends
- How Do Dating Apps Make Money?
- What is the Cost of Dating App Development?
- Dating App Examples
- Inducing Intelligence in Dating Apps
- Challenges in Developing Dating App Platforms
- Conclusive: Finding a Good Technological Collaborator for Your Dating App
Determined to take relationships to the next level, the dating apps are ready to assist you in your love life, whether the same has been happy and peaceful or harsh and miserable. These dating apps give the necessary guidance and advice to forge ahead without thinking about giving up on your loved one. But with so much online activity, it is easy to let go of the main reason behind online dating – meeting a person offline.
Companies often leverage artificial intelligence to encourage meetings in real life, improve the in-app experience by minimizing unsolicited content, and act as dating coaches. Here are tips to find the best dating app developers.
Trends Influencing the Online Dating Market Size
The Internet has been driving the online dating market, increasing the amount of time people spend on their smartphones. Growing technological advancement and smartphone adoption are fuelling the online dating market size.
Millennial vs. Experient
People beyond their millennial times know something which these youngsters are unaware of. There were times when people met in the real world, met their twin flames, soul mates, and live-in partners and moved to the next level. The Internet has fastened or slowed down the process to an extent, depending upon the choices they make. What seemed to be a dark secret is out in the open, kind-off visible to many others like you seeking their potential partners. But while one cannot clearly define their preferences, online dating does has some clear advantages.
Are traditional matchmakers obsolete?
But this does not mean that traditional matchmakers are losing their sheen or are on their way to make you find the love of your life. Finding love through traditional matchmakers informs potential grooms and brides about the possible quirks, yet the information that reaches them is more distilled. Matchmakers have a certain agenda, of making certain man and woman best suited for someone, gets married to another. But people are grown up and must make their own decisions and middlemen should refrain from interfering or causing potential grooms and brides to change their preferences.
The rise of online matchmaking platform
Online matchmaker platforms bring forth dozen of possibilities and insights into the likes and dislikes of people. The one who is looking for a partner has access to a potential life companion’s likes and dislikes and hence finds it easier to be paired with a compatible person. A keen observer can spot online profiles that speak to them making finding love online even easier than in the real world.
Why choose online dating app platforms?
Moreover, matchmakers can be costlier than the online dating arena. Most dating services offer a restricted free version which propels growth.
Are Online Dating Apps Profitable – What do the Market Search Reports by CAGR, Statista, Valuates say?
Annual revenue growth for the dating services industry substantially increased during the lockdown as forced social distancing and mandated business closures prohibited individuals to date in person, driving the online dating market size.
The global online dating market size is expected to grow from USD 2.230 billion in 2019 to USD 3.592 billion by the end of 2025 at a CAGR – Compound Annual Growth Rate of 8.26%. The online dating market can be classified as:
- Based on Region – Global Forecast to 2025
- Based on Age Group(18 – 24 Years, 25 – 34 Years, 35 – 44 Years, 45 – 54 Years, and 55 – 64 Years)
- Based on Services (General online Dating Services, merging online dating services, niche online dating services, relationship services, and Social/Event Networking Sites)
- Basis of Product (Apps and Website)
- Basis of Subscription (Non-Paid Online Dating Services and Paid Online Dating Services)
4 Categories for Dating Services
Existing dating services fall into 4 categories based on people:
- Geo-location Network: It matches you to people in certain geographic locations. Dating apps come with customized proximity that allows you to set if you want to see people within 5/10/15/20 kilometres. E.g.: Tinder like apps
- Questionnaire Based: It asks people to complete a survey about their values and expectations. E.g.: Tastebuds.fm
- Niche Based: Such apps are specific to a certain group
Trending Dating App Development Features
- AR-based Facelift
- AI Chatbots
- Matching user-profiles
- List of nearby people using the application
- Feed for the recent activity of users
- Sharing personal messages and media
- Administrator User Dashboard
- Geo-location
- Voice Prompts
- Social media integration
- Geolocation features
- Matching algorithm
- Push notifications
- Premium options
Dating App Development Trends
- AR Technology
- Chatbots and AI
- Live videos
- Video Content
- Ephemeral content
- Influencer Marketing
- Local Targeting
- Promotion of User-Generated Content (UGC)
- Growth of Communities
How Do Dating Apps Make Money?
By upgrading their profile, upgrading their interface and advertising.
See Also: Best Apps for Married Couples
What is the Cost of Dating App Development?
The cost of a dating app will depend upon its full development lifecycle including UI/UX Design, Frontend Development, Backend Development, QA Testing, and Project Management, and will range from $80,000 – $1, 00, 000 for a full cycle of development. The overall charge of developing a native app will cost around $68000 for iOS and 70000 for Android. Time required:
- App Designing: ~100 hours; Approximate cost: $6000 – $8000.
- App Development (Android): 1200 hours; Approximate cost: $45000.
- App Development (iOS): 1200 hours; Approximate cost: $40,000.
- Backend Development: >250 hours; Approximate cost: $8000.
- App Testing: ~150 hours; Approximate cost: $4000 – $5000.
Dating App Examples (The list is endless, but we have clipped it according to the scope)
The Sauce | Stars Align | Match.com | Grindr LLC |
Muzmatch | HILY | Badoo | EliteMate.com LLC |
Fourplay | BLK | Coffee Meets Bagel | rsvp.com.au Pty Ltd. |
Chispa | Thursday | eharmony, Inc. | Spark Networks SE |
Match Group, Inc. | Spice of Life | Love Group Global Ltd. | Happn SAS |
Tastebuds Media Ltd. | The Meet Group Inc. | Zoosk, Inc. | The Bumble Group |
HER | Hinge | Tinder |
Inducing Intelligence in Dating Apps (Getting hold of some AI-based Dating Solutions)
In-app user behaviour is enriched by the profile data to enforce machine learning algorithms, helping out in more relevant and curated matches. Such matchmaking apps now also include “swiping right”. Algorithms are twisted to accommodate personality traits, music, beliefs, and attitudes etc.
- Best hookup apps like Hinge has a feature to send daily recommendations for people based on users’ past behaviour. It also has a “we met” feature where users are prompted to answer a brief private survey to check if the pair met offline.
- Tinder assigns each user with an “ELO’ score that defines the quality and quantity of your profile. The score is calculated based on left/right swipes, quality of profile, traits, intentions, moods, and messaging activity.
- Badoo’s celebrity lookalike feature allows users to upload the photo of the desired celebrity/the person they like and presents it with the one that resembles your choice the most.
- eHarmony released an AI-enabled feature to encourage users to meet in person after interacting online for a while.
- Loveflutter gives information from Foursquare suggesting people go places to catch up. It also analyses chats between users to determine compatibility and suggests where they should meet.
- Apps like Bumble has Private Detector, a safety feature that uses AI to detect the sending of unsolicited pictures.
- Muzmatch caters to single Muslims and has an obscenity filter built into their dating applications.
- S’More links people intellectually instead of superficially. It marks behavioural score to control bad behaviour and abusive content.
- Lovoo automatically recognizes spam, scam, fake profiles and fights.
- Hornet gives badges to the users based on the way they interact within the community.
- Crushh and Mei Messaging App work on machine learning and NLP algorithms to analyze texting relationships and habits for delivering actionable insights to users.
- AIMM asks a series of questions and listens to the users’ voices to determine their best match.
- DNA matches potential partners using genomic data.
- eHarmony personalizes recommendations for its users.
- Zotality merges NASA’s planetary data with insights from astrologers for compatibility matching.
- Tastebuds analyses users’ thinking styles, decision-making process and behaviour intelligently to craft/tailor their partner’s desires.
- SLIDE enables video chatting/video first dating.
Challenges in Developing Dating App Platforms
Not every bystander plays by the rules once you have million-billion people using AI-ML-NLP in online dating apps. Online stalking, unwanted and abusive content, too many messages are annoying by-products of popular online platforms.
Conclusive: Finding a Good Technological Collaborator for Your Dating App
Developing a mobile app requires development teams to trot through many steps. Every step makes an epoch and is pivotal for the proper functioning of the app. Hence, it becomes pertinent to choose the right technological partner judiciously. If you are ready with your idea, we’re ready with an adjoining plan. We are a renowned dating app development company for building scalable Android and iOS dating app solutions. Get benefitted from our custom dating app development solutions that help people meet their relationship goals. Discuss your queries with us!