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The Dating Services industry has performed well during the five years to 2013.

Revenue gains averaged 2.9% per year to reach .0 billion in 2013, with consumers increasingly turning to the internet to meet prospective dates.

Since the start of the new millennium the online dating industy grew rapidly from year to year. In 2004, however, those high numbers began to drop. Vice President of romance for Match.com, Trish Mc Dermott, reported a 154% growth in revenue, from .3 million in 2001 to 5.2 million in 2002.

According to Mc Dermott, earnings for the first quarter of that year amounted to .9 million; profits were .1 million in 2002 versus .7 million in 2001.

For more information, visit IBISWorld’s Dating Services in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#! /IBISWorld Friend IBISWorld on Facebook: IBISWorld industry Report Key Topics Companies in this industry provide services allowing clients to meet with other clients, usually with the intent of pursuing romantic relationships.

In addition to product expansion, as consumer demand for online dating and matchmaking services has grown, new companies have entered the industry, says Moldvay.

IBISWorld estimates that the number of companies in the Dating Services industry increased at an average annual rate of 3.1% to 3,898 in the five years to 2013.

At present the online dating industry is a 700 million dollar industry.

“This is a massive business,” said Roben Farzad, a writer for Smart Money magazine in September, 2005

“It’s hit an absolute homerun.” The Web has revolutionized this business and has brought affordable and convenient matchmaking to the masses.

Employment expanded as well, rising at an average rate of 3.1% per year to an estimated 7,376 employees in 2013.

There is a moderate degree of market share concentration for the Dating Services industry.

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