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From 2010 to 2015, revenue expanded at an annual rate of 5%.The Match Group, which owns sites like Ok Cupid, Tinder, and Plenty Of Fish, currently boasts a market cap of .3 billion.It’s also estimated that there are nearly 8,000 dating sites worldwide.These include everything from Match, the first dating site ever, to Bristlr, a dating site for beard lovers that was founded in 2014.Tinder and apps like it are meant for quickly connecting with someone who interests you and then setting up that first meeting ASAP.It wasn’t built for people to have endless online conversations.We’ve also provided some thoughts on what these statistics mean in terms of the future of the industry.According to Forbes, the United States alone has 2,500 dating sites, and about 1,000 new dating sites are launched every year.
Approximately, 29% of those surveyed in 2005 agreed with the statement “People who use online dating sites are desperate.” In 2005, that number had shrunk to 23%.
As with most new things, people were skeptical about online dating when it first came out, but now it’s as normal as getting set up on a blind date or meeting someone at a bar.
We suspect it’ll only become more commonplace, eventually replacing some of the traditional meeting avenues completely.
It’s great that singles have so many options and can find the right dating site for their needs (whether they want a tall suitor or someone who also loves “Star Trek”).
However, with so many dating sites flooding the market so quickly, people could also have too many choices, which can become a problem of its own. The Statistic Brain Research Institute reports that more than 49.7 million Americans have tried online dating, and that’s not far off from how many single people there are in the US: 54.4 million.