Sep 28, 2017 DUBLIN-(BUSINESS WIRE)-The 'Global Online Gambling Market - By Type, Device, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)' report has been added to. Here are few key highlights on online gambling market till now and Emerging Evolution: This industry has witnessed varied regulatory landscape on online gambling and betting. Most of the Western European countries have laws in place to channelize.
Dublin, Sept. 27, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the 'Worldwide Gambling Market - By Types (Digital, Offline), By Product (Casino, Lotteries, Poker, Betting), By Regions - Drivers, Opportunities, Trends, and Forecasts, 2016-2022' report to their offering.
Worldwide Gambling Market to grow at a CAGR of 5.7% during the period 2016-2022 to aggregate $635.00 billion by 2022
Increasing smartphone and tablet penetration, increased device capability and the confidence of users are driving the market growth.
Some of the players covered in the report are 888 Holdings, Bet-at-home.com, Betfair Entertainment, Bwin.Party, Ladbrokes Betting & Gaming, Paddy Power and Unibet. Asia Pacific is the major region growing in this market due to the emergence of major casinos in the region that are operated by the US-based companies which will divert some of the US overseas-derived business in the region.
The evolution of gambling is bringing up the unimagined revenue to the imagination in the world. The global gambling industry has been growing at a good rate in the recent years. Further, strong growth is expected for the forecast period, during 2016-2022. The government initiatives, increase in consumer spending and demand from enterprises & the consumer are driving the growth of the gambling market.
The gambling market is full of ups and downs. As it is considered as leisure for entertainment in the US and Europe, it is being considered wrong in some countries of MEA and Asia Pacific countries. Thus, gambling revenue highly depends on the tourism and religious factors. The market is expected to grow further in the developing regions of Asia due to increasing tourist destination and involvement of government to make everything as legal.
The gambling industry is expanding all around the globe due to the government efforts to increase the tax earnings and attract a number of tourists. Many countries present have legalised or considering legalising the gambling industry due to the economic benefits for the country.
Key Topics Covered:
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
4 Market Outlook
4.1 Overview
4.2 Market Trends and Impact
4.3 Market segmentation
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Evolution
5.2 Evolution of Gambling Games
5.3 Age of Casinos
5.4 Online Boom for Gambling
5.5 Poker Boom in the Gambling Market
5.6 Future of Gambling
5.7 Government Regulations
5.8 Market Dynamics
6 Types: Market Size and Analysis
6.1 Overview
6.2 Digital Gambling
6.3 Offline Gambling
7 Product: Market Size and Analysis
7.1 Overview
7.2 Casino
7.3 Lotteries
7.4 Poker
7.5 Betting
8 Regions: Market Size and Analysis
8.1 Overview
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 Latin America
8.6 Middle East & Africa (MEA)
9 Technologies Involved in Gambling Market
9.1 Big Data in Gambling
9.2 Tracking Systems
9.3 Addiction to Gambling Due to Technology
10 Gambling Laws
10.1 US
10.2 Canada
10.3 Europe Regulations
10.4 UK
10.5 France
10.6 Germany
10.7 Spain
10.8 Italy
10.9 Australia
10.10 Israel
10.11 India
10.12 South Africa
10.13 Macau
10.14 Argentina
10.15 Mexico
10.16 Singapore
11 Vendor Profiles
11.1 Las Vegas Sands Corp.
11.2 MGM Resorts International
11.3 Paddy Power PLC
11.4 SJM Holdings Ltd.
11.5 William Hill Plc
11.6 Galaxy Entertainment Group Ltd.
11.7 Caesars Entertainment Corp.
12 Competitive Landscape
12.1 Overview
For more information about this report visit http://www.researchandmarkets.com/research/kcsjlt/worldwide
New York, NY, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Online Gambling & Betting Market by Game Form (Poker, Casino, Sports Betting, Bingo, Lottery, Horse Racing Betting, and Others) and by Component (Hardware, Software, and Service): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. 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 10.9% between 2018 and 2024.
Online gambling & betting is a form of gambling that is played by means of computer, mobile, laptop, and tablet through the internet. Online gambling and betting games can be accessed at any time & place. The games include poker, blackjack, roulette, bingo, sports, & race betting.
Browse through 41 Tables & 24 Figures spread over 118 Pages and in-depth TOC on “Global Online Gambling and Betting Market Size & Statistics 2017: Industry Trends, Growth Forecast up to 2024”.
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The rise of cryptocurrencies in the past few years is projected to fuel the growth of online gambling & betting market. Cryptocurrencies have started to gain popularity due to benefits over other traditional funding methods. Gambling with cryptocurrencies does not require legalization as real money is not used. Bitcoin was the first cryptocurrency used for payments by various online gambling platforms. At the beginning of 2017, the total value of cryptocurrencies was about USD 17.7 billion and is projected to rise over the next 5 years. Thus, the usage of cryptocurrencies in online gambling is anticipated to rise during the estimated timeframe.
Adoption of Virtual Reality (VR) headsets in online gambling is projected to drive the online gambling & betting market. VR headsets provide a better experience for gambling and it is observed that online gambling sites are opting for this technology. As of now, there are games available in VR such as blackjack and roulette. The global AR/VR shipments in the second quarter of 2017 witnessed a growth of about 25% as that of the same period in 2016. Thus, usage of VR in online gambling is anticipated to propel the online gambling and betting market over the forecast period.
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The global online gambling & betting market is divided as per component into hardware, software, and service. Software segment is anticipated to dominate the online gambling & betting market during the projected timeframe. This share is due to the availability of various online payment options. Further, the online gambling & betting market is divided on the basis of game form into poker, casino, sports betting, bingo, lottery, horse race betting, and others. Poker segment is expected to hold a notable share during the forecast period.
North America is expected to grow at a significant rate in the global online gambling & betting market since it is the most technologically developed region. The U.S. is projected to be a major contributor in the region. The growth is projected due to the increasing usage of VR in the gaming sector. Online gambling is expected to hold a notable share in the U.S. gaming sector. In 2016, the gaming sector contributed to almost 50% in revenue generation of the U.S. media and entertainment industry. Due to the rising demand for VR in gambling applications, the growth of this sector is imminent. Since VR headsets are used in online gambling & betting, the market in this region will witness a substantial growth in the near future.
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Europe is anticipated to hold a considerable share in the global online gambling & betting market. The share is attributed to the legalization of online gambling and betting in various European countries. The UK was one of the first nations to legalize online gambling. In 2015, online gambling accounted for almost 33% of the overall gambling in the UK. The number is anticipated to rise owing to the increasing revenue of online gambling sites in the country. In 2017, the overall revenue generated by these sites was almost 10% more than that of 2016 in the UK. Further, legalization of online gambling in Italy, France, Spain, and Malta with proposals being made for the same in the Netherlands, Germany, and other European nations is expected to fuel online gambling & betting market in the region. Thus, European online gambling & betting market is anticipated to propel in the estimated timeframe.
The Asia Pacific is expected to notice a substantial growth in global online gambling & betting market over the estimated timeframe. Online gambling in China is permitted in Hong Kong. The Hong Kong Jockey Club offers online betting for sports, racing, and lottery. Currently, about 34% of the overall betting in Australia was through the internet as compared to 15.7% in 2012. The growth is due to the increase in betting by smartphones. As of now, about 22% of Australian bettors use smartphones for betting as compared to a mere 5.5% in 2012. Thus, it is anticipated that the Asia Pacific will witness significant growth in the online gambling & betting market.
Browse the full 'Online Gambling & Betting Market by Game Form (Poker, Casino, Sports Betting, Bingo, Lottery, Horse Racing Betting, and Others) and by Component (Hardware, Software, and Service): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024' report at https://www.zionmarketresearch.com/report/online-gambling-betting-market
Latin America will contribute substantially to the growth of global online gambling & betting market over the forecast timeframe. There is no central law in Argentina to govern gambling. Gambling is regulated by individual provinces. The African region is expected to have a significant share in the online gambling & betting market. Online sports betting in South Africa, Nigeria, and Ghana will contribute to the payment systems developed by the local firms.
Key players in the online gambling & betting market are report Bet365 Group Ltd., Betfred Ltd., 888 Holdings plc, Paddy Power Betfair Plc, GVC Holdings Plc, Fortuna Entertainment Group, The Stars Group, The Betway Group, William Hill Plc, Kindred Group, Rank Group, Playtech, William Hill Plc, Hong Kong Jockey Club, and mybet Holding, among others.
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The report segments the global online gambling & betting market as follows:
Global Online Gambling & Betting Market: Game Form Segment Analysis
- Poker
- Casino
- Sports Betting
- Bingo
- Lottery
- Horse Race Betting
- Others
Global Online Gambling & Betting Market: Component Segment Analysis
- Hardware
- Software
- Service
Global Online Gambling & Betting Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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