About Online Dating Industry
Online dating has become acceptable in today's culture. Now connecting with people or finding someone for dating is easy. Amid chaotic daily schedules, people's lives are affected in many ways including causing intense loneliness and isolation for some; an online dating app brings a bright spot. It has actually improved dating life from online dating to texting, video chatting, etc. This has led us to be in the midst of a digital revolution for human courtship, where meeting people with similar thoughts, values, faith, interests, background, and preferences is plain sailing.
Online dating industry revenue is expected to show an annual growth rate (CAGR 2020-2024) of 9.3%, resulting in a projected market volume of US$2,505m by 2024. Nowadays, people are specific about finding their partners. They take into account the partner's perception toward life, like-mindedness of critical aspects, and likes & dislikes. This has fuelled up the dating service market to a large extent.
Developing a dating app can bring a fortune for you if everything is done in a planned way and the execution is done with perfection. Let WebClues Infotech take you through every bit of information you must know before starting your own mobile dating application.
Astonishing Statistics About Tinder's Success
The aspiration to build a Tinder clone doesn't fade over the years. Obviously, that's due to its stunning popularity. Just take a look at the figures below:
In the first quarter of 2020, there were 6.03 million paid Tinder subscribers worldwide
Tinder is spread over 190 countries also available in 40 languages
As of Q4 2019, Match Group reported an average 5.9 million Tinder subscribers
Tinder sets up over 1 million dates per week
How Does Tinder Work?
Tinder is a free dating app available for Android and iOS devices. It is a location-based social search mobile app (using Facebook) that facilitates communication between mutually interested users, allowing matched users to chat. Users get to chat with other users and potentially meet up with them. The main attraction of Tinder is that it is very easy to use in contrary to traditional dating sites. You can easily create a Tinder account on your smartphone, upload some photos, and youErrorre good to go. On the Tinder platform, users swipe each other left and right, right being a like and left a dislike. When both users swipe right then they 'match', meaning they can now chat with each other. When the conversation on Tinder goes well, they'll usually exchange numbers and/or go for a date.
Tinder Matching Flow
The functionality of the app should be such that it must help the user to create an attractive profile for them as matching is done based on the user's profile.
Swipe is Tinder's UVP (Unique Value Proposition) feature. Add this feature to categorize the candidates where users can swipe right to like someone and left to reject someone.
Chatting is one of the best features. After finding a match, users can immediately start a private conversation with the other person using a build-in unscripted messenger.
When both users swipe right on each other's profile, it will make them a match. Now, users can chat with another person with mutual consent.
Passport to swipe
It allows users to get matches around the world by simply searching for a city or dropping a pin on the map.
Tinder App Design Hooks You Up
Tinder app design works on behavioral psychology to attract and engage users. The flawless user- interaction, and yet the simple transition has proven compelling enough to propel Tinder into the very heart of the dating app world. Tinder experience revolves around the acts of swiping and chatting, the user base tends to interpret any added functionality as invasive and unnecessary. In simpler words, Tinder is simply a collection of elements, which works closely with users- psychology to diminish the bite of rejection. Whether it's the quick-swipe selection process, the one-touch Facebook login, or the simple design, Tinder is practicing minimalistic features to keep the app simple yet attractive. Tinder has brought an alternate route to access comfort and convenience when it comes to unwinding the user's stress with dating.
Market Leaders In Dating App Category
Happen $11.3 Billion
Bumble $2.2 Billion
Raya $201.4 Million
Hinge $7.2 Million
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Timeline To Build An App Like Tinder
The scope of an app consists of various features, functionalities, platform (s), and technology stack, and these all factors influence the timeline of development. However, the development time varies greatly, and to help you get an overview of the level of effort required in building an online dating app, we've got you the detailed information below.
|Deliverables||Module||Sub Task||Estimated Hours|
|Mobile Application (Android)|
|Mobile Application (iOS)|
|Total Estimated Hours||636|
Technology Stack For The App
A dating portal requires a full-fledged technology stack to function smoothly. In the field of back-end & front-end technologies, several frameworks and languages must be considered to make it work and synchronize in different mobile platforms. The different set of technologies and frameworks is needed to make the portal work efficiently as per the requirement. Here, we have brought you a quick look at technologies to be used in the development of the dating mobile app portal like Tinder.
How Do Online Dating Apps Monetize?
In this strategy, users can purchase memberships or premium features on a monthly, quarterly, or yearly basis. Also, users can collaborate with Dating App to display their content just like profiles.
Freemium is a popular strategy among dating apps, which let users access the basic version of the app for free and charge them for premium features. It is a good strategy to adopt for initial user acquisition.
This model enables the dating apps to get associated with the third-party companies and advertise on the app portal. An app or website owner shows ads to users and earns money on clicks, views, or transactions (affiliate programs).
It lets the users buy special products as the exclusive merchandise from the app; it can be in the form of emojis, icons, glass, gifts, and many more items.
Paid Premium Plans
To unlock certain features in the free version, users have to pay some amount. For example, the user accidentally swiped the profile to the left. Now, only premium plan subscribers can fix the error.
This is a new feature, letting users' profile to be on the top for 30 minutes. When you subscribe to boost, your profile gets a maximum chance for the views and matches.
How Much Does It Cost To Develop An App Like Tinder?
We think Tinder has a simple user interface but it involves a complex architecture and a very complicated development process. So, realistically speaking, it won't be a low budget app since the estimated development time for such an app can be somewhere around 800 to 1000 hours. Also, many factors are responsible for the development of a mobile app like Tinder that directly influences the cost of development such as complexity of its functionality, features to integrate, third-party integrations, platforms (iOS, Android, or both), UI/UX design, etc.
To get an instant quote for a Tinder-like app or to know an average/exact cost to build an app like Tinder, please contact our experts.
Which Industries Are Benefiting From Online Apps?
Several industrial sectors are witnessing a renaissance in the way they operate after the arrival and growth in demand for online apps. Some of them are listed below.
With the introduction of on-demand services in Healthcare; now it is easier to single-handedly deal and resolve the healthcare issues, without a fail. You can order medicines, book diagnostics tests, book doctors' appointments, and collect reports on the go.
The education industry has benefitted hugely from the on-demand services, as it allows the users to take classes and gain knowledge from the comfort of their home. Now, students, educators, and institutions can connect in ways that were never possible in the past.
When it comes to booking tickets of movies or events, on-demand apps, come handy. They help the users to get them their required services at just one touch of their mobile phones; helping in increasing brand recognition, business revenue, and user engagement at the same time.
With the help of on-demand apps, now businesses can empower users and retailers to buy and sell almost everything through online mode; streamlining the process of generating revenues, sales, and access to wider targets.
The professional services have gained the maximum benefits from the on-demand services, as it allows the users to hire professionals for all their household works or any work in general from one place.
The transportation sector owns a lot to the on-demand economy, allowing users to book a cab as per their convenience. The online taxi service apps are changing the face of how transportation works to make the lives of citizens better and better.
Apps Built By WebClues Infotech
Find, Connect, Meet - Bezzi lets you meet single people in your area. This online dating community is made specifically for those ready to enjoy the prime part of life.
It is a video sharing platform dedicated to the growing popularity of Video blogging. Users can enjoy content from their favourite Vloggers, explore new, trending and top rated vlogs and receive the added incentive of building their own Viewer rating.
This app puts you in the epicenter of social experience, with rich media shared around you. Users can share media and links directly from the internet, unlike Instagram.
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