Growth of online dating industry

On average, men spend on looking good to impress their date.nline dating apps are the new phenomenon in the world of apps.

Industry Description The online dating industry (SIC 7299, NAICS 812990) consists of companies engaged in online matchmaking services.

Most companies generate revenue under a subscription model.

Often, “browsing” will be free, but messaging or contacting other users will require a subscription.

These include: music app Spotify, instant messaging apps Whatsapp and Snapchat, as well as social media app Twitter.

Badoo is even signing up 400,000 new users every single day which is a phenomenal figure in itself.

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