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According to Pew Research Center, 54 percent of online daters felt that someone else seriously misrepresented themselves in their online profile.

Pew also found that 28 percent of online daters have been contacted by someone through an online dating site or app in a way that made them feel harassed or uncomfortable. Match Group's portfolio includes Tinder, Plenty of Fish, How About We, and Ok Cupid.

Matchmakers & Dating Coaches: Companies and professionals in this industry provide matchmaking services and host singles events such as speed dating.

These professionals also work to help improve their clients’ overall success in dating and relationships.

One of the world’s oldest professions is matchmaking, and given the role of technology in today’s world, it’s no surprise that the industry is booming.

Online Dating Websites: Sites such as Match.com, Plenty of Fish, e Harmony, and hundreds more bring affordable and convenient matchmaking services to America’s 124 million singles.

Dating apps are also a lucrative business - as of February 2017, some of the highest-grossing social apps in the Apple App Store worldwide were dating apps. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

In the United States, the top revenue generating i OS dating app was Match with monthly app revenues of 1.3 million U.

Other challenges facing the market include fake online profiles, fraudulent traffic, database breaches, and privacy safeguards to protect users. There are over 1,500 dating sites that all are working to attract the same consumers: single men and women. While Match said that nearly all of its revenue currently comes from paid membership fees on its sites, advertising revenue could be a big source of future growth, especially when it comes to increased usage among mobile users.

According to Marketdata Enterprises Inc., dating website revenues are expected to slow down and achieve only moderate growth this year because the U. But, that doesn’t mean businesses should lose hope. And finally, as more success stories emerge, many singles will turn to matchmaking services.