NEW YORK, Sept. 12, 2017 /PRNewswire/ --
This market research study identifies 888 Holdings, bet-at-home.com, GVC Holdings, Ladbrokes Coral Group, MGM Resorts, and Unibet Group as the leading players in the global online gambling market. A comprehensive analysis of this market is also presented by type (betting, casino, lottery, and poker), by device (mobile and desktop), and by geography (the Americas, APAC, and EMEA).
Read the full report: https://www.reportlinker.com/p04153829
Overview of the global online gambling market
Technavio's market research report identifies that the easing of government regulations will be one of the primary growth drivers for the global online gambling market till 2021. Few years back the US passed a law that allowed individual states to license online casinos and mobile casinos, sportsbooks, and poker sites within their borders. Delaware, Nevada, and New Jersey are the three states in the US that allowed online gambling as of March 2017. It has been predicted that more states in the US may legalize the online gambling by 2020 due to the easing of laws by the federal government. The Singapore government exempted two online gambling service providers called Turf Club and Singapore Pools from Remote Gambling Act in September 2016. The primary advantage in legalizing of online gambling is that it increases employment opportunity and benefit the government in the form of tax. These advantages are expected to motivate governments around the globe to legalize online gambling. Technavio's market research analysts predict that this market will grow at a CAGR of more than 9% by 2021.
The global online gambling market is gaining popularity in EMEA because online sports betting sites generate huge revenue for the government. Their significant contribution to the national revenue is encouraging several countries across the region to legalize online gambling. In addition, the online gambling market has been expanding in the UK after the implementation of the gambling act of 2006. This in turn, will boost the market's growth throughout the projected period.
Competitive landscape and key vendors
The global online gambling market is characterized by the presence of several vendors competing to gain market dominance. Some of the small vendors are operating only in specific businesses such as casino and lottery, while, other vendors are operating in multiple fields including to retail betting. The growth opportunity for these vendors is increasing due to the rise in the number of gambling premises across the world and the increase in the number of participants. Furthermore, the rapid advancement in technology and frequent changes in consumer preferences will strengthen the competitive environment of the market.
Key vendors in this market are -
Ladbrokes Coral Group
Other prominent vendors in the market include Betsson, Camelot Group, Genting UK, NetEnt, Paddy Power, Playtech, Rank Group, The Stars Group, and William Hill.
Segmentation by type and analysis of the online gambling market
The sports betting segment is expected to grow with the ongoing cricket tournaments on a global level and upcoming FIFA World Cup 2018 in Russia. In addition, online betting is popular in many sports events that take place around the globe. Betting is also popular in horse racing, football, and greyhounds. The sports betting is becoming highly popular due to the expansion of these sports into the online environment.
Segmentation by device and analysis of the online gambling market
The desktop segment includes PCs and laptops. This segment accounted for the majority market share during 2016 and will continue to be the largest segment in terms of shares. However, the share of the market segment is declining due to the rising penetration of smartphones and tablets. Also, the application of laptops and PCs is becoming restricted to official and hard-core gaming purposes owing to the advancement in technologies in the consumer electronics market.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global online gambling market?
What are the key market trends impacting the growth of the global online gambling market?
What are the challenges to market growth?
Who are the key vendors in the global online gambling market?
What are the market opportunities and threats faced by the vendors in the global online gambling market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global online gambling market?
Technavio also offers customization on reports based on specific client requirement.
Online gambling is a medium to participate in gambling activities related to betting, gaming, and lottery through smartphones, tablets, PC, and laptops by using the internet. The revenue generated through betting includes the wagers put on outdoor sports and revenue from gaming includes money spent on casino games and slot machines. This upcoming market research report on the global online gambling market is an essential part of Technavio's media and entertainment industry and offers key insights into the market space for media and entertainment services sector. 888 Holdings, Bet-at-home.com, Betfair Entertainment, Bwin.Party, Ladbrokes Betting & Gaming, William Hill, Unibet, Paddy Power, and Genting UK are some of the players identified in the upcoming report of the global online gambling market.
Research analysts at Technavio go through a rigorous analysis of expert opinions, research journals, telephone surveys and interviews with gamblers and bookmakers, and client review to oversee primary and secondary research. The information thus collected helps the client achieve their business objectives by serving as an essential business decision-making tool which accurately forecasts the future growth potential of the market.
This upcoming report on the global online gambling market also analyzes the market share and vendors operating in each geographic segment such as the Americas, EMEA, and APAC, which helps the client in making business decisions on resource allocation to each region. With the increasing viewership base for sports and increasing broadcasting rights, our analysts predict positive growth prospects for this market.
The upcoming research report on global online gambling market also includes market analysis, emerging trends, industry outlook, growth drivers, competitive landscape, and opportunities and challenges faced by the industry. The report also covers the opportunities and challenges faced by vendors in this market and provide an overview of gaming and internet and e-commerce sectors.
Read the full report: https://www.reportlinker.com/p04153829
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