As per a popular survey of an established and leading dating application in Singapore, users have swiped 7.5 million times to make ideal matches. A swipe indicates interest or disinterest basis the personal information collated by the hosting application.
Indians use 30 applications on an average every month, and the Mobile Smartphone usage in our country has outpaced the US, placing itself on the second position with 6 Billion applications downloaded in 2016 alone.
65% of our population is under the age of 35, and half a billion people are under the age of 25. This is a great number to cash in on considering the huge market potential of Online Dating. Another interesting statistic shows around 12 million marriages being fixed and conducted annually.
An Online Dating Business is a great source for revenue, as you can consider various ways to monetize the application, while serving the Match Making purpose. An average user signs up in search of a prospective partner, and as a platform, you can provide them with interaction opportunities before they fix to meet up in person.
For tax purposes, R&D involves companies taking a risk by attempting to resolve scientific or technological uncertainties.
In the world of dating apps, there are a whole host of technical challenges to resolve, including: