Online Gambling and Betting Market Global Industry Size, Share, Trends, Opportunity and Forecast, 2024 | TechSci Research

The global Online Gambling and Betting Market size is predicted to cross USD 75.0 billion by 2024, growing at a CAGR of over 10% during the forecast period. The market for online gambling and betting is growing due to improvements in the living conditions, the dynamic changes of lifestyle, rising awareness of the latest technologies and increasing per-capita income. Also, the cost effectiveness of mobile apps is also a major factor attracting new players to join the online gambling and betting industry. In terms of gaming type, the online gambling and betting market is categorized into poker, casino, social gaming, lottery, bingo, sports betting and fantasy sports. Among all the categories of gaming type, the sports betting category is projected to grow at a considerable pace. The growth of the sports betting category is majorly attributable to the growing popularity of the sports. In terms of device type, the global online & betting market is categorized into desktop, mobile and tab. Among all the categories of device type, the mobile segment is the most lucrative one. The growth of the mobile segment is majorly attributable to the rising adoption of smartphones all over the world. 

Taking into an account of the geographical landscape, the European gambling and betting market accounted for a major share of the global gambling and betting industry in 2017. The Asia-Pacific market for gambling and betting is expected to have a robust growth. The growth of the Asia-Pacific gambling and betting industry is majorly attributable to the increasing penetration of smartphones in the region, availability of fast bandwidth speed in the region and the growing trust among consumers towards online gambling and betting. Some of the players in the online gambling and betting industry are The Betway Group, Betfred, Bet365 Group Ltd, GVC Holdings PLC, Fortuna Entertainment Group, Paddy Power Betfair and others.


Access Sample Copy of Report? Inquiry Here@ 

Years considered for this report:

Historical Year : 2014 - 2017

Base Year : 2018

Estimated : 2019

Forecast : 2020 - 2024

Objective of the Study:

  • To analyse and forecast the market size of Online Gambling and Betting, in terms of value.
  • To classify and forecast global Online Gambling and Betting based on type, deployment mode, providers, services, store type, vertical and regional distribution.
  • To identify drivers and challenges for Global Online Gambling and Betting.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in Global Online Gambling and Betting.
  • To conduct the pricing analysis for Online Gambling and Betting.
  • To identify and analyse the profile of leading players involved in the of Global Online Gambling and Betting system.


Click here to download the brochure 

Some of the leading players in the Global Online Gambling and Betting Market are William Hill plc, Kindred Group, The Betway Group, Betfred, Bet365 Group Ltd, GVC Holdings PLC, Fortuna Entertainment Group, Paddy Power Betfair, The Stars Group Inc., 888 Holdings plc and others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Solution Providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Service Providers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration Solution Providers across the globe.

TechSci Research calculated the market size of Global Online Gambling and Betting using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Online Gambling and Betting Service Providers
  • Application Platform Providers
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Online Gambling and Betting market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Game Type
    • Poker
    • Casino
    • Social Gaming
    • Lottery
    • Bingo
    • Sports Betting
    • Fantasy Sports
  • Market, Device Type
    • Desktop
    • Mobile
    • Tab
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Rest of the World

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Online Gambling and Betting Market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia Inductor Market Analysis By Inductance, Size, Share, Trend, Competition, Future Growth Forecast 2027 | TechSci Research

Image
Saudi Arabia inductor market is expected to grow at a steady CAGR during the forecast period. The rise in the demand for consumer electronics and the growing per capita income of middle-class families is increasing consumers' expenditure capacity, which is considered the major driving factor for the growth of the inductor market in the forecast period. The growing adoption of electric vehicles due to the surge in awareness regarding the harmful emissions into the environment is expected to support the growth of the Saudi Arabia inductor market. The surge in the government initiatives to boost other industries growth to diversify the income sources and reduce the dependency on the oil industry as the oil industry is considered the major income-generating industry in Saudi Arabia is expected to foster the demand for semiconductor-related industries, which in turn is influencing the inductor market growth. Ongoing initiatives such as Neom city, National Transformation Program, and th...
Read more

Global Multi-Cloud Management Market Analysis By Platform, Size, Share, Trend, Competition, Future Growth Forecast 2027 | TechSci Research

Global multi-cloud management market is expected to grow at a significant CAGR during the forecast period. Growing implementation of multi cloud management solutions by enterprises across the globe is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, ambiguity about single cloud reliability is positively impacting the growth of market during the forecast period. Furthermore, adoption of micro-services for cloud native applications is expected to bolster the growth of market over the next few years. However, lack of security might act as major impediment to the growth of global multi-cloud management market in the years to come. The global multi-cloud management market is segmented based on  platform, service type, deployment mode, application, end user , company, and region. Based on   platform, the market can be categorized into internal brokerage enablement and external brokerage enablement. Out of which, the extern...
Read more

Vietnam Telecom Market Demand Is Driven By The Proliferation Of Smartphones And Increase In The Fixed Broadband Subscribers | TechSci Research

Image
According to TechSci Research,  Vietnam Telecom market is expected to grow at a steady CAGR in the forecast period, 2023-2027. The proliferation of smartphones and increase in the fixed broadband subscribers is driving the demand of the Vietnam Telecom market. The growing demand for high-speed connectivity by the customers and the massive expenditure for the deployment of the 5G technology are expected to influence the market growth. The use of 5G technology can facilitate autonomous cars and other smart devices and equipment to obtain real-time information. The shift in customers' preference for the adoption of next-generation technologies and getting real-time data from the customers are contributing to the Vietnam Telecom market growth.  The COVID-19 pandemic and the work from home facility provided to the employees is surging the demand for broader bandwidth. The growing adoption of the internet of things technology among the prominent industry verticals to get real-time ...
Read more