- Global Gambling Market Size 2018 Monthly
- Global Gambling Market Size 2018 Printable
- Global Gambling Market Size 2018 Images
- Global Gambling Market Size 2018 Calendar
Casino near warrenville il map. Online Gambling and Betting Market 2018 Global Top players, Share, Size, Growth, Consumption and Forecasts to 2025 This report studies the global Online Gambling and Betting market size, industry status and forecast, competition landscape and growth opportunity.
The report titled Global Online Gambling Market with Focus on Sports Betting (2018-2022 Edition) provides an in-depth analysis of the global online gambling market with detailed analysis of market size and growth. The analysis includes market by value, market share by product and by region. The report also provides the detailed analysis of the online sports betting in terms of value globally.
The report provides a detailed analysis of the European online gambling market which includes market by value, market share by products and market sizing of major products i.e. online sports betting and online casino. A brief regional analysis of Asia & Middle East, North America and Latin America has also been provided in the report.
Furthermore, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global online gambling market has also been forecasted for the period 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global online gambling market is highly fragmented with various players. Betsson AB, Kindred Group Plc., Net Entertainment and Paddy Power Betfair Plc. are some of the key players operating in the global online gambling market whose company profiling has been done in the report. This segment of the report summarizes business overview, financial overview and the business strategies of the respective companies.
Company Coverage
Betsson AB
Kindred Group Plc.
, Net Entertainment
Paddy Power Betfair Plc
Regional Coverage
Europe
Asia and Middle East
North America
Latin America
Executive Summary
Online gambling is the betting/staking of something of value, generally money on the outcome of a game using the internet. With the advent of high-speed internet, online gambling is gaining popularity among the population. The online gambling market is comprised of a number of different types of games, each with its own business model and technology. It consists of online casino, sports betting, online poker, online bingo, lotteries and other skill games. The two main forms of online gambling are: Online Wagering and Online Gaming.
The global market for online gambling exhibited a strong performance through the years 2013 to 2017. It is estimated that the market would grow at a healthy rate over the forecast period (2018-2022). The global online gambling market is supported by various growth drivers such as growth of mobile gambling, spike in internet penetration, rising ownership of gadgets such as mobile, laptops, tablets, growing number of online women gamblers, industry consolidation and alternative option to cash. In spite of high growth, the market is still facing some challenges which are obstructing the growth of the market.
Some of the major challenges faced by the industry are: lack of suitable software handling, cyber security issues and stringent government regulations. Increasing adoption of bitcoin gambling and growing number of online women gamblers have been identified as some of the key trends existing in the market.
Gambling Market - Global Outlook and Forecast 2018-2023
The global gambling market is expected to reach revenues of over $525 billion by 2023, growing at a CAGR of approximately 4% during 2017-2023.
The increasing per capita income, high adoption, growing interest, and rising number of dual-income households will augment the transformation of the global market. The demand for online games and increasing penetration of mobile applications across the US, the UK, Italy, and China & SAR region will help attract new players in this market over the next few years. The global gambling market is driven by increasing penetration of online gaming and betting across the North American and European region. The increase in per capita income, high adoption, growing interest, and growth of dual-income households are some of the factors augmenting the growth of the global market. The market research report provides in-depth market analysis and segmental analysis of the global gambling market by product, platform, and geography.
The study considers the present scenario of the global 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 covers 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 market.
Gambling Market – Dynamics
The exponential popularity and rising number of live casinos will help in the development of the global gambling market during the forecast period. These live casinos have the presence of live dealers and run like a real land-based casino. The increase in e-sport competitions in the form of video gaming or pro-gaming or professional video gaming is driving the growth of the global gambling market. These competitions are multiplayer in nature and RTS, FPS, and MOBA is the most popular games in the global market. These events are often broadcasted live worldwide via streaming platforms such as YouTube and Twitch. The online gambling industry has utilized the opportunity to use digital currency and gambling on blockchain-based platforms to ensure that a higher number of consumers use these modes of payment in the global market. The increasing number of bitcoin and cryptocurrency transactions will augment the development of the global gambling market.
Gambling Market – Segmentation
This market research report includes a detailed segmentation of the market by product, platform, and geography. Casino segment dominated more than half of the market share in 2017, growing at a CAGR of more than 3% during the forecast period. Some of the most popular casino games are roulette, slots, blackjack, baccarat, and craps. Betting is considered as a gambling activity where wagers are made on the outcome of an unpredictable event, game, or race. The betting segment is classified into two major sub-segments that include sports betting and horse & greyhound racing. The growing popularity of esports betting will boost revenues and help vendors gain a larger gambling market size over the next few years.
The land-based segment occupied the largest market share in 2017, growing at a CAGR of over 3% during the forecast period. Mass-market gaming is allowing the operators to gain more profitability and stability, where the customers pay for the money-spinning non-gaming items and help increase the operators' profitability. The growing popularity of online gambling activities in the APAC and European region will augment the development of this segment in the global market. The ease of convenience it offers to an end-user within the comfort of their home will help the segment gain significant gambling market size over the next few years.
Market Segmentation by Product
- Betting
- Casino
- Lottery
- The global market size of online gambling was forecasted to reach over 59 billion U.S. Dollars in 2020, growing by around 20 billion U.S. Dollars in just five years. The largest share of this.
- According to the report, the global online gambling & betting market accounted for USD 45.8 billion in 2017 and is expected to reach USD 94.4 billion globally by 2024, growing at a CAGR of around.
- This statistic depicts the size of the online gambling market worldwide from 2012 to 2018, by region. The European gambling market was forecast to reach a size of 24.75 billion U.S.
- Land-Based
- Online
- Desktop
- Mobile
Global Gambling Market Size 2018 Monthly
Gambling Market – GeographyThe global gambling market by geography is divided into APAC, Europe, North America, Latin America, and MEA. APAC dominated the majority of the market share in 2017, growing at a CAGR of around 3% during the forecast period. China & SAR, South Korea, and Japan are the largest revenues generators in the APAC region. The rise in per capita disposable income, increase in ownership of smartphones, and exponential proliferation of mobile gambling applications are some of the factors contributing to the growth of the Latin American region in the market. Argentina occupied the largest gambling market size in Latin America in 2017.
Market Segmentation by Geography
- APAC
- Australia
- Mainland China
- China SAR Macau
- China SAR Hong Kong
- Singapore
- North America
- US
- Canada
- Europe
- Italy
- UK
- Germany
- France
- Nordic Region
- Latin America
- Argentina
- Mexico
- Brazil
- MEA
- South Africa
Global Gambling Market Size 2018 Printable
The global gambling market is highly concentrated with the presence of several regional and international players. The increasing focus on continuous innovations and upgrades to support digital platforms and sustain the intense competition in the global market. Various companies are expanding their businesses to developing countries such as India and China to tap potential opportunities in the market. Factors such as an increase in product or service extensions, technological innovations, and M&A are expected to intensify the competition in the global gambling market during the forecast period. Furthermore, the presence of established international vendors, consumer loyalty, and a shift in consumer preferences are major entry barriers for new players.
The major vendors in the global market are:
- Bet365
- Galaxy Entertainment Group
- Las Vegas Sands Corporation
- MGM Resorts International
- The Star Group
- Paddy Power Betfair
- William Hill
- ther prominent vendors include AsianLogic, Betway, Betfred Group, Betsafe, Betsson, Bet-at-Home, Bwin, Camelot Group, Casino Cosmopol, Caesars Interactive Entertainment, Casinoeuro, Casinostugan, Casumo, Comeon, Expekt, Folkeautomaten, Gametwist, Genting Berhad, GVC Holdings, Interwetten, Jackpotjoy, Kindred, Leovegas, Mr. Green, Mybet, Mobilbet, Nordicbet, Norgesautomaten, Norsk Tipping, OnlineCasino Deutschland, Pinnacle, Playtech, Rank Group, SJM Holdings Limited, Sky bet, Stargames, Sunmaker, Sportech, Svenska Spel, Tipico, Vera&john, Win2Day, Wynn Resorts, 1xbet, and 888 Group.
1. The analysis of the global gambling market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global gambling market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global gambling market.
Global Gambling Market Size 2018 Images
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.Global Gambling Market Size 2018 Calendar
