DUBLIN, Sept. 5, 2018 /PRNewswire/ --
The "Online Gambling Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global online gambling market is anticipated to generate revenues of more than $74 billion by 2023, growing at a CAGR of approximately 10% during 2017-2023.
The study considers the present scenario of the global online gambling market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the online gambling market.
The increasing availability of cost-effective mobile applications across the US, the UK, Italy, and China & SAR countries will help vendors generate higher revenues in the global market. The dynamic changes of lifestyle, improvements in the living conditions, high-spending sentiments, and rising awareness of the latest technologies will drive the evolution of the market.
The global online gambling market is driven by an increase in per capita income and the number of dual-income households that constitutes the basis of increasing spending on innovative variants. The cost-effectiveness of mobile applications is also attracting new players in the global market. The market research report provides in-depth market analysis and segmental analysis of the global online gambling market by product type, platform type, and geography.
Online Gambling Market - Dynamics
The advent of internet applications and easy access to online platforms will help boost the demand in the global online gambling market. Various leading vendors are investing in developing websites and mobile apps that facilitate online activities. The implementation of AR technology provides online casinos with a variety of options for improving and developing their gaming offerings. The vendors are leveraging AR and VR technologies to introduce a host of new features, best elements of live gaming and software with virtual reality add-ons and overlays to make a more engaging experience for their customers.
The growing number of live casinos worldwide will contribute to the growing demand in the global online gambling market during the forecast period. A live casino exists online and runs like a real land-based casino. These casinos offer live dealers and real-time feeds that help in replicating the experience and feel of a real-world land-based casino. The growing popularity of these services among gamblers worldwide will result in the evolution of the global online gambling market.
Key Vendor Analysis
The global online gambling market moderately fragmented, with the presence of many regional and international players. The top vendors are investing to alter and refine their unique value proposition to sustain the intense competition in the market. The market concentration in developed countries such as the Western European countries is high, while the market is in its nascent stage in developing economies such as the US and India.
Various international brands are expanding to new regions to attract the maximum number of consumers and gain a larger market share. The top players are competing on the basis of offerings, premises, and platform type. The increase in product/service extensions, technological innovations, and M&A activities will help vendors boost their revenues in the global online gambling market.
Market Growth Enablers
- Growing Number of Live Casinos Worldwide
- Increasing Gamification of Online Gambling Industry
- Increased Focus on Online Strategy
Market Growth Restraints
- Low Internet Penetration Affecting Growth of Online Gambling
- Ethical Concerns
Market Opportunities & Trends
- Growing Adoption of Augmented Reality and Virtual Reality in Gambling
- Increased Betting on eSports
- Inclusion of Digital/Cryptocurrency as Standard Money
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
5 Report Assumptions & Caveats
6 Market at a Glance
8 Market Dynamics
9 Value Chain Analysis
10 Market Landscape
11 Market By Product Type
12 Market by Platform Type
13 Market by Geographical Segmentation
14 Europe: Online Gambling Market
15 APAC: Online Gambling Market
16 Latin America: Online Gambling Market
17 North America: Online Gambling Market
18 MEA: Online Gambling Market
19 Competitive Landscape
20 Key Company Profiles
- GVC Holdings
- Paddy Power Betfair
- The Stars Group
- William Hill
21 Other Prominent Vendors
- Betfred Group
- Caesars Interactive Entertainment
- Casino Cosmopol
- Genting Berhad
- LAS VEGAS SANDS
- MGM Resorts International
- Mr. Green
- Norsk Tipping
- OnlineCasino Deutschland
- Rank Group
- SJM Holdings Limited
- Sky bet
- Svenska Spel
- Wynn Resorts
- 888 Group
For more information about this report visit https://www.researchandmarkets.com/research/4zs9fm/global_online?w=5
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