Global Casino Market, By Type (Land-Based Casino Gaming and Online Casino Gaming), Casino Gaming Type (Poker, Craps, Lottery, Roulette, Slot Machine and Blackjack), End User (Dabblers, Gambling Enthusiasts, Lottery Loyalists, Social Exuberant and Unengaged Audience), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Casino Market
This rise in the casino market can be attributed due to the rising approval of gaming licenses to support tourism and shifting consumer lifestyle. Data Bridge Market Research analyses that the performance analytics market will exhibit a CAGR of 7.57% for the forecast period of 2021-2028. This signifies that the casino market value will rise up to USD 555.42 million by the year 2028.
Online casino gaming is one of the fastest-growing markets in the world. With the COVID-19 pandemic, casinos across the globe were shut down and this opened a wide range of opportunities for online casino market. Casino is a facility provided for gambling. A wide range of gaming machines are installed in the casinos so that one can bet unlimitedly. Casinos are generally constructed around hotels, resorts, restaurants, retail shopping, cruise ships and other tourist attractions. Generally built for amusement, casinos are getting popular day by day. However, one must not get addicted to casinos or gambling. This is because on might end up in a huge debt. Casinos are generally popular for games like poker, craps, lottery, roulette, slot machine and blackjack. Las Vegas is the gambling capital of the world. Tourists visit Las Vegas especially to amuse themselves with gambling.
The increased for gambling especially in the emerging economies is a key of casino market growth driving factor. Rising tourist populations and rising personal disposable income will further aggravate the demand for casinos globally. Rising popularity of online gambling will create more lucrative and remunerative opportunities for the casino market. Rising demand for leisure and recreational activities will further propel growth in the demand for casinos around the world. Block chain technology can provide an additional layer of security to the online gambling sites and this will further propel the casino market growth rate.
However, non-uniformity related to gambling laws in the countries will act as a growth restraint for the casino market. Rising cases of cyber-attacks and data and privacy concerns will further dampen the growth rate of the casino market.
This casino 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, geographical expansions, technological innovations in the market. To gain more info on casino market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Casino Market Scope and Market Size
The casino market is segmented on the basis of type, casino gaming type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the casino market is segmented into land-based casino gaming and online casino gaming.
- On the basis of casino gaming type, the casino market is segmented into poker, craps, lottery, roulette, slot machine and blackjack.
- On the basis of end user, the casino market is segmented into dabblers, gambling enthusiasts, lottery loyalists, social exuberant and unengaged audience.
Global Casino Market Country Level Analysis
The casino market is analysed and market size, volume information is provided by country, type, casino gaming type and end user as referenced above.
The countries covered in the casino market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the casino market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing investments by overseas gambling companies in the emerging countries of the region. Rising approvals for license will further create lucrative and remunerative market growth opportunities. North America is also projected to undergo substantial gains during the forecast period due to the legalization of sports betting and the approval of online gambling.
The country section of the casino market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the market's current and future trends. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges due to large or scarce competition from local and domestic brands impact domestic tariffs and trade routes while providing forecast analysis of the country data.
Competitive Landscape and Casino Market Share Analysis
The casino 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, global presence, production sites and facilities, production capacities, 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 casino market.
The major players covered in the casino market report are Playson Limited, Kindred Group plc, 888 holdings, Microgaming, Scientific Games, BETSSON AB (publ), Elaunch Solution Pvt. Ltd., Flutter Entertainment plc, NetEnt AB (publ), Chetu Inc., Creatiosoft, Betsoft, Evolution Gaming Limited, Ladbrokes, BOYD GAMING CORPORATION, CITY OF DREAMS, Dover Downs Hotel & Casino, FOXWOODS RESORT CASINO, Station Casinos, Penn National Gaming, Inc. and PAGCOR 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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