Global Betting Online Gambling Market, By Type (Lottery, Bingo, Betting, Casino), Device (Desktop, Mobile), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Betting Online Gambling Market Analysis and Insights
Betting online gambling market will reach at an estimated value of USD 324.49 million and grow at a CAGR of 16.10% in the forecast period of 2021 to 2028. Increasing internet penetration and rising use of mobile phones among individuals for playing online games from their homes and public places is an essential factor driving the betting online gambling market.
The online gambling market basically consists of the sales of gambling activities on the internet by entities which operate online gambling facilities such as online bingo, online casinos, online lotteries, online poker, and online video games and sports betting, among others. These services enable the users to wager real time money while playing remotely or from any location in the world. This market includes sales of gambling services on different devices such as desktop, mobile and others.
Rising rapid adoption of digital currency in online gambling in North America and Europe is a crucial factor accelerating the market growth, also rising adoption of smartphones and easy access to casino gaming, growing legalization of online gambling by several states in the U.S, rising availability of different payment methods in Asia-Pacific, rising government investment to gain benefits of online gambling tax in Mexico, and rising usage of advanced technologies such as AR and VR for online gambling in Europe are the major factors among others boosting the betting online gambling market. Moreover, rising technological advancements and modernization in the mobile devices, rising availability of cost-effective mobile applications across the globe and rising research and development activities in the market will further create new opportunities for betting online gambling market in the forecast period mentioned above.
However, rising data security and privacy concerns and rising regulatory frameworks and policies imposed against online gambling by several governments in Asia Pacific & MEA are the major factors among others restraining the market growth, and will further challenge the betting online gambling market in the forecast period mentioned above.
This betting online gambling market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on betting online gambling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Betting Online Gambling Market Scope and Market Size
Betting online gambling market is segmented on the basis of type and device. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, betting online gambling market is segmented into lottery, bingo, betting and casino.
- The betting online gambling market is also segmented on the basis of device into, desktop and mobile.
Betting Online Gambling Market Scope Country Level Analysis
Betting online gambling market is analysed and market size, volume information is provided by country, type and device as referenced above.
The countries covered in the betting online gambling market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the betting online gambling market due to rising gambling industry in Canada, rising adoption of smartphones and easy access to casino gaming, growing legalization of online gambling by several states in the U.S, rising availability of different payment methods and rising rapid adoption of digital currency in online gambling in this region.
The country section of the betting online gambling market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Betting Online Gambling Market Share Analysis
Betting online gambling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to betting online gambling market.
The major players covered betting online gambling market report are WHG (International) Ltd, Entain, the 888 Group., StarsGroup, Kindred Group plc, Flutter Entertainment, Sky Betting & Gaming, Bet365, Bet-at-home, Ladbrokes Coral, BetAmerica, Betfred, Betsson, Draft Kings, Fan duel, Gala coral group, Ladbrokes, Sportech, TVG Network, Twinspires and Gamer Wager among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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