Artificial Intelligence
Insights on the Online Gambling Global Market to 2030 – Identify Growth Segments for Investment
Dublin, Jan. 06, 2021 (GLOBE NEWSWIRE) — The “Online Gambling Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global online gambling market.
The global online gambling market reached a value of nearly $58,960 million in 2019, having increased at a compound annual growth rate (CAGR) of 9.9% since 2015. The market is expected to grow from $58,960 million in 2019 to $92,860 million in 2023 at a rate of 12.0%. The market is expected to grow from $92,860 million in 2023 to $113,120 million in 2025 at a CAGR of 10.4%. The market is expected to grow and reach $185,740 billion in 2030 with a CAGR of 10.4%.
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The report covers the following chapters
Growth in the historic period resulted from growing adoption of smartphones with improved internet accessibility, rise in disposable incomes and growth of the experience economy. This growth was restricted by stringent regulations, and growing privacy concerns.
Going forward, increasing involvement during the COVID-19 pandemic, technically advanced platforms, changing consumer gambling habits and legalization of gambling are expected to drive the market. Global recession, stringent government regulations on gambling, regulatory restrictions to curb gambling addiction and demographic changes are major factors that could hinder the growth of the online gambling market in the future. The online gambling market is segmented by game type into betting, casino, lottery, poker, online bingo and others. The betting was the largest segment of the online gambling market by game type, accounting for 47.0% of the total market in 2019. Going forward, lottery segment is expected to be the fastest growing segment in the online gambling market, at a CAGR of 16.4%.
The online gambling market is also segmented by device into desktop, mobile and other devices. The desktop was the largest segment of the online gambling market by device, accounting for 57.6% of the total market in 2019. Going forward, the mobile segment is expected to be the fastest growing segment in the online gambling market, at a CAGR of 13.3%.
Asia Pacific was the largest region in the global online gambling market, accounting for 31.7% of the total in 2019. It was followed by the Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the online gambling market will be Eastern Europe and Asia Pacific, where growth will be at CAGRs of 16.3% and 12.5% respectively. These will be followed by Western Europe and Africa, where the markets are expected to register CAGRs of 9.3% and 9.3% respectively.
The online gambling market is fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 26.1% of the total market in 2019. Major players in the market include bet365 Group Ltd., GVC Holdings PLC, The Stars Group Inc., Flutter Entertainment plc and Kindred Group plc.
The top opportunities in the online gambling market segmented by game type will arise in the betting segment, which will gain $ 14,786.0 million of global annual sales by 2023. The top opportunities in the online gambling market segmented by device will arise in the mobile segment, which will gain $ 16,721.3 million of global annual sales by 2023. The online gambling market size will gain the most in the China at $3,997.1 million. Market-trend-based strategies for the online gambling market includes investing in AI technology, integrating cryptocurrency as a payment mode, investing in AR and VR technology, building mobile apps, sponsoring sports events with large viewership and providing free access to games with certain main features in paid versions to attract a greater number of users. Player-adopted strategies in the online gambling market include investing in expanding operations through innovative product launches, and in acquisitions and mergers to strengthen their service offerings. Key Topics Covered:
1. Online Gambling Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables 5. Report Structure
6. Introduction 7. Online Gambling Market Characteristics 8. Online Gambling Market Trends and Strategies 9. Online Gambling Market, COVID Impact Analysis 10. Global Online Gambling Market Size and Growth 11. Global Online Gambling Market Segmentation 12. Online Gambling Market, Regional and Country Analysis 13. Asia-Pacific Online Gambling Market
14. Western Europe Online Gambling Market 15. Eastern Europe Online Gambling Market
16. North America Online Gambling Market
17. South America Online Gambling Market
18. Middle East Online Gambling Market
19. Africa Online Gambling Market 20. Global Online Gambling Market Competitive Landscape 21. Key Mergers and Acquisitions in The Online Gambling Market 22. Online Gambling Market Opportunities and Strategies 23. Online Gambling Market, Conclusions and Recommendations 24. Appendix For more information about this report visit https://www.researchandmarkets.com/r/mzq59g
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6.1.1. Segmentation by Geography
6.1.2. Segmentation by Game Type
6.1.3. Segmentation by Device
7.1. Market Definition
7.2. Segmentation by Game Type
7.3. Segmentation by Device
8.1. Use of Artificial Intelligence in Online Gambling
8.2. Blockchain in Online Gambling
8.3. Virtual Reality/Augmented Reality To Enhance User Experience
8.4. Mobile Gambling
8.5. Online Gambling Companies Sponsoring Sports Teams
8.6. Celebrity Endorsements
8.7. Freemium Models in Online Gambling
9.1. North America
9.2. Asia-Pacific
9.3. Europe
10.1. Market Size
10.2. Historic Market Growth, 2015-2019, Value ($ Million)
10.2.1. Drivers of The Market 2015-2019
10.2.2. Restraints On The Market 2015-2019
10.3. Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
10.3.1. Drivers of The Market 2019-2023
10.3.2. Restraints On The Market 2019-2023
11.1. Global Online Gambling Market, Segmentation by Game Type, Historic and Forecast
11.2. Global Online Gambling Market, Segmentation by Device, Historic and Forecast
12.1. Global Online Gambling Market, by Region, Historic and Forecast
12.2. Global Online Gambling Market, by Country, Historic and Forecast
20.1. Company Profiles
20.2. bet365 Group Ltd.
20.2.1. Company Overview
20.2.2. Products and Services
20.2.3. Business Strategy
20.2.4. Financial Overview
20.3. GVC Holdings PLC
20.3.1. Company Overview
20.3.2. Products and Services
20.3.3. Business Strategy
20.3.4. Financial Overview
20.4. The Stars Group Inc.
20.4.1. Company Overview
20.4.2. Products and Services
20.4.3. Business Strategy
20.4.4. Financial Overview
20.5. Flutter Entertainment plc
20.5.1. Company Overview
20.5.2. Products and Services
20.5.3. Business Strategy
20.5.4. Financial Overview
20.6. Kindred Group plc
20.6.1. Company Overview
20.6.2. Products and Services
20.6.3. Business Strategy
20.6.4. Financial overview
21.1. William Hill Acquires CG Technology
21.2. Tusogo Sun Acquired Stake in Betcoza
21.3. Gauselmann Acquired Bede Gaming
21.4. DraftsKing Acquires SBTech
21.5. Rank Group Acquired Stride Gaming
21.6. Flutter Merged With Starts Group To Form A New Company
21.7. 888 Acquired Costa Bingo
21.8. 888 Acquired BetBright’s Sports Betting Platform
21.9. Rank Group Acquired QSB Gaming Limited
22.1. Global Online Gambling Market in 2023 – Countries Offering Most New Opportunities
22.2. Global Online Gambling Market in 2023 – Segments Offering Most New Opportunities
22.3. Global Online Gambling Market in 2023 – Growth Strategies
22.3.1. Market Trend Based Strategies
22.3.2. Competitor Strategies
23.1. Conclusions
23.2. Recommendations
23.2.1. Product
23.2.2. Place
23.2.3. Price
23.2.4. Promotion
23.2.5. People
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