Online Dating Services Now a Billion Dollar Industry
Online dating services now have a subscriber population estimated to be over 1 billion. That’s an industry of over $1 billion USD per year with growth rates steady at 10% per year. North America alone has over 1,400 online dating sites, where they are the third largest industry.
Yet the online dating phenomenon is not restricted to the Americas or Europe, as Asians have embraced this love technology wholeheartedly. Japan has 1,600 online dating sites, even more than the US. India has 15 million subscribers, and that figure is expected to grow despite the economic crisis.
Perhaps the most significant growth factor has to do with the fact that more and more elderly people are dating online. 60 percent of women over the age of 65 and 30 percent of men of the same age group are expected to find dates on the web this year.