With the industry expected to grow by another 0 million every year through 2019, analysts say the dating game is increasingly becoming a battle of the ages, with both sides hoping their age-based gambles yield the most profit from those looking for love.It’s not clear that the young and perky are the best market for corporate matchmakers.
The dating industry is comprised of matchmakers, newspaper and magazine personal ads, telephone chat lines, singles bars, nightclubs geared toward singles, speed dating organizations and internet dating services.
Internet dating services began to take shape with the advent of the first major player in the online industry, in 1995.
In the United States online dating accounts for 49 percent of the dating service industry revenues, while mobile dating accounts for 26 percent.
The rise of the internet has enabled those looking for romance to defy distances and connect with like-minded singles across the globe.
One in 10 adults now average more than an hour every day on a dating site or app, Nielsen data show.