JupiterResearch released their newest report today entitled, Online Dating in 2007: US Market Searches for New Users as European Market Challenges US Dominance, which states that the U.S. market for web dating services is still growing, but the European markets have more room to move upwards.

In fact, the report provides overall numbers that show,

European online dating sites are attracting new users and will double revenues from 243 million euros in 2006 to 549 million euros in 2011.

One of the authors of the report, Nate Elliot, provided additional insight in a press release:

“Although US dating sites are converting browsers into payers better than ever before, they’ll have to offer additional paid services to existing customers, and tap into new user segments, to reignite significant market growth.”

Compared with the U.S. web dating market, the European web dating market has grown in a predictable way for five years, with users increasing from four to six percent in the last year alone.