Online Gambling Global Market Opportunities And Strategies To 2030: COVID 19 Growth And Change provides the strategists; marketers and senior management with the critical information they need to assess the global online gambling market as it emerges from the COVID 19 shut down.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider online gambling market; and compares it with other markets.
Markets Covered:
Companies Mentioned: Flutter Entertainment plc; bet365 Group Ltd.; Entain plc; Kindred Group plc; William Hill PLC; 888 Holdings PLC
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; online gambling indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
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- Identify growth segments for investment.
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- Benchmark performance against key competitors.
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Description:
Where is the largest and fastest growing market for online gambling? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The online gambling market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider online gambling market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by game type and segmentation by device.
- Market Characteristics - The market characteristics section of the report defines and explains the online gambling market. This chapter also defines and describes goods and related services covered in the report.
- Trends And Strategies - This chapter describes the major trends shaping the global online gambling market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact Of COVID-19 - This chapter discusses the impact of COVID-19 on the online gambling market.
- Global Market Size And Growth - This section contains the global historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global online gambling market, estimated market shares and company profiles for the leading players. /li>
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies - This section includes recommendations based on findings of the research. This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for online gambling companies in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Game Type: Betting; Casino; Lottery; Poker; Bingo; Others
- By Device: Desktop; Mobile; Others
Companies Mentioned: Flutter Entertainment plc; bet365 Group Ltd.; Entain plc; Kindred Group plc; William Hill PLC; 888 Holdings PLC
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; online gambling indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Online Gambling Market
What is the estimated value of the Global Online Gambling Market?
What is the growth rate of the Global Online Gambling Market?
What is the forecasted size of the Global Online Gambling Market?
Who are the key companies in the Global Online Gambling Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 231 |
| Published | February 2022 |
| Forecast Period | 2015 - 2030 |
| Estimated Market Value ( USD
| USD 40480 million |
| Forecasted Market Value ( USD
| USD 192264.4 million |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
Table of Contents
1. Online Gambling Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Online Gambling Market Characteristics
8. Online Gambling Market Trends And Strategies
9. Impact Of COVID-19 On The Online Gambling Market
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. Online Gambling Market Competitive Landscape And Company Profiles
21. Key Mergers And Acquisitions In The Online Gambling Market
22. Online Gambling Market Future Outlook and Potential Analysis
23. Appendix
Executive Summary
This report describes and explains the online gambling market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.The online gambling market reached a value of nearly $76,792.7 million in 2020, having increased at a compound annual growth rate (CAGR) of 13.7% since 2015. The market is expected to grow from $76,792.7 million in 2020 to $127,451.4 million in 2025 at a rate of 10.7%. The market is then expected to grow at a CAGR of 8.6% from 2025 and reach $192,264.4 million in 2030.
Growth in the historic period resulted from strong economic growth in emerging markets, growing adoption of smartphones with improved internet accessibility, increasing popularity of digital payments and rise in disposable income.
Going forward, increasing gamer involvement during the covid-19 pandemic, increasing consumer acceptance for fintech, technically advanced platforms, legalization of gambling and changing consumer gambling habits will drive the growth. Factors that could hinder the growth of the online gambling market in the future include global recession, regulatory restrictions to curb gambling addiction, demographic changes and security challenges
The online gambling market is segmented by game type into betting, casino, lottery, poker, online bingo, and others. The betting market was the largest segment of the online gambling market segmented by game type, accounting for 46.7% of the total in 2020. Going forward, the lottery segment is expected to be the fastest growing segment in the online gambling market segmented by game type, at a CAGR of 16.8% during 2020-2025.
The online gambling market is also segmented by device into desktop, mobile and other devices. The desktop market was the largest segment of the online gambling market segmented by device, accounting for 57.9% of the total in 2020. Going forward, the mobile segment is expected to be the fastest growing segment in the online gambling market segmented by device, at a CAGR of 17.4% during 2020-2025.
Asia Pacific was the largest region in the online gambling market, accounting for 31.9% of the total in 2020. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the online gambling market will be Western Europe, and, Asia Pacific where growth will be at CAGRs of 10.83% and 10.81% respectively. These will be followed by South America, and Middle East, where the markets are expected to grow at CAGRs of 10.7% and 10.5% respectively.
The nationwide lockdowns and social distancing restrictions imposed because of the outbreak of COVID-19 forced brick and mortar gambling places to remain shut due to which the online gambling platforms gained a lot of traction. There has been a spike in the number of users of online gambling platforms during the pandemic. People were forced to sit at home during the lockdown, and this increased internet traffic on all fronts. More people frequently visited gambling websites and thousands of new users registered every day. Several online-gambling platforms increased their marketing and promotional activities in the form of extra tournaments and bonuses to attract more players. For instance, BetMGM, Borgata Online, Hard Rock, Golden Nugget and many others have increased their bonuses in the form of registration and reload bonuses, loyalty programs and free spins to reward the loyalty of the existing users, and to attract new users.
The online gambling market is fairly fragmented, with a large number of players. The top ten competitors in the market made up to 23.15% of the total market in 2020. The key players in the market are focusing on continuous product innovations, mergers & acquisition to expand its market presence and to gain competitive edge in the market. Flutter Entertainment plc was the largest competitor with 6.06% of the market, followed by bet365 Group Ltd. with 4.80%, Entain plc with 4.66%, Kindred Group plc with 1.96%, William Hill PLC with 1.55%, 888 Holdings PLC with 1.06%, International Game Technology PLC with 1.03%, Betsson Ab with 0.96%, DraftKings Inc. with 0.61% and Betfred with 0.46%.
The top opportunities in the online gambling market segmented by game type will arise in the betting segment, which will gain $21,415.9 million of global annual sales by 2025. The top opportunities in segment by device will arise in the mobile segment, which will gain $35,462.1 million of global annual sales by 2025. The online gambling market size will gain the most in the USA at $8,453.8 million.
Market-trend-based strategies for the online gambling market include investing in AI technology to enhance user experience, integrating cryptocurrency as a payment mode, building mobile apps, investing in AR and VR technology, sponsoring sports events with large viewership, tie-up with celebrities and influencers, offer free access to games with certain main features and offer cross platform support for games.
Player-adopted strategies in the online gambling market include strategic acquisitions of emerging & established companies, new product launches, expanding business through collaborations, focusing on emerging and fast-growing geographies.
To take advantage of the opportunities, the publisher recommends online gambling companies to focus on artificial intelligence in online gambling, invest in blockchain, focus on virtual reality/augmented reality to enhance user experience, invest in mobile gambling, expand in markets legalizing gambling, expand operations in emerging markets, competitive pricing, conduct loyalty programs, leverage social media, sponsoring sports teams, and Increase their involvement with celebrities.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Flutter Entertainment plc
- bet365 Group Ltd.
- Entain plc
- Kindred Group plc
- William Hill PLC
- 888 Holdings PLC
- International Game Technology PLC
- Betsson Ab
- DraftKings Inc.
- Betfred
Methodology
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