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"There are few stand-out investment opportunities these days," said Mark Brooks, an Internet dating industry consultant based in New York City.
Leading the pack is Match.com, owned by IAC/Inter Active Corp, the Internet holding company controlled by billionaire Barry Diller.
Traditionally, someone close to you may set you up with a desired partner; today, our advanced technology computer algorithms can match you with a compatible profile in a similar way.
The monetization of romance in the form of dating apps has allowed users to take their online dating experience with them wherever they go.
"Mobile services are forecast to be the fastest growing segment over the next five years as operators, including Interactive Corp.
The average dating site customer spends just 9 a year for online memberships, which more than pays for itself to the tune of ,803 in cost savings from fewer dates," the report said.
Mobile technology is another driver of industry growth.