NEW YORK, Feb. 25, 2022 /PRNewswire/ -- The "Online Gambling Market by Type (Lottery, Betting, and Casino), Device (Desktop and Mobile), and Geography (APAC, Europe, MEA, North America, and South America) - Forecast and Analysis 2020-2024" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has been proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the online gambling market between 2019 and 2024 is USD 114.21 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
The growing demand for mobile gambling is one of the key drivers of the market. One of the major drivers for the global online gambling market is the increasing penetration of smartphones. Smartphone penetration is increasing because of the declining average selling price (ASP) of smartphones and the developments in communication network infrastructure. Smartphones provide a convenient and intuitive interface for playing casino games and e-sports. Smartphone users engage extensively with their mobile devices on an intermittent basis, for short to long periods of time.
The growing online data security issues are challenging the growth of the market. Most gambling websites do not have a proper dispute resolution framework and lack transparency in cash prize payouts; they also do not have fair and responsible casino gaming standards, which reduces the credibility of gambling operators and platform providers. This credibility issue has a negative impact on the scaling of the casino business and discourages new users from joining gambling games, such as casinos and poker.
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By type, the online gambling market report is segmented into lottery, betting, and casino. The lottery segment is expected to have significant market share growth during the forecast period. This is due to its high popularity as a source of entertainment, especially in developed countries, where the disposable income is high.
By device, the market is segmented into desktop and mobile. The desktop segment dominates the online gambling market in terms of market share; however, the mobile platform is the fastest-growing segment. Desktop still holds the largest share of the market, as desktop devices offer a better experience as they have bigger display screens compared with mobile devices.
By geography, the market is segmented into APAC, Europe, MEA, North America, and South America. APAC will be the leading region with 36% of the market's growth during the forecast period. China is the key market for online gambling in APAC.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned
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Online Gambling Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Decelerate at a CAGR of over 11% |
Market growth 2020-2024 |
USD 114.21 billion |
Market structure |
Concentrated |
YoY growth (%) |
12.04 |
Regional analysis |
APAC, Europe, MEA, North America, and South America |
Performing market contribution |
APAC at 36% |
Key consumer countries |
China |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, GVC Holdings Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, MGM Resorts International, and William Hill Plc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Device
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
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