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Allied Market Research

Online Gambling Market by Game Type (Sports Betting, Poker, Bingo, Casinos, and Others), End User (Gamblers, and Social Exuberant), and Device Type (Mobile and Web): Global Opportunity Analysis and Industry Forecast, 2020–2027

A08349
Pages: NA
Feb 2021 | 57 Views
 
Author(s) : NA
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COVID-19

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Online Gambling Market Statistics:

Internet is a global communication platform, which enables merchants to offer their services across the digital market space. With the use of internet, online gambling is growing at faster pace. Internet gambling or online gambling generally uses internet to place bets on sports games or casino games. It has provided gamblers a new way to gamble anytime or anywhere across the globe. Casinos has gone online to make people gamble by just sitting at their homes.  These online casinos offer games such as poker, baccarat, bingo, keno, blackjack, slot machines, and roulette. It offers various bonuses and gifts, which include welcome bonuses, non-cashable bonuses, compensatory points, cashback or insurance bonuses, referral bonuses, and no deposit bonuses to attract users. 

Online Gambling Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Game Type, End User, Device Type, and Region

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include William Hill PLC, GVC Holdings PLC, Bet365 Group Ltd., Ladbrokes Coral Group PLC, The Stars Group Inc., Kindred Group PLC, Betsson AB, 888 Holdings PLC, Caesars Interactive Entertainment, and Sky Betting & Gaming .

 

Impact of COVID-19 on Online Gambling Market: 

  • The COVID-19 pandemic caused lockdown in several countries and forced people to stay in their homes. People are turning to online entertainment services to keep them occupied while following social distancing precautions. Online gambling is one of the online entertainment forms that is readily available for them.
  • Land-based or offline gambling operators forced to close their operations to limit spread of the virus; hence, offline gamblers who preferred casinos for gambling are also moving to online gambling. 
  • Demand for online gambling services continued to grow since the advent of COVID-19, and is expected to increase in post pandemic.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Due to technological advancements and surge in usage of smart phones, the online gambling market is growing rapidly with increase in number of users. Introduction of internet applications as well as easy access to online platforms drives demand for the global online gambling market. To keep pace with growing technologies, leading vendors are investing to develop mobile apps and websites that facilitate online activities. In addition, high internet penetration due to exponential use of smartphones among individuals for playing online games from public places or their homes drives the market. However, increase in the rate of cybercrimes as well as security and authentication issues hinder the market. On the other hand, various casinos are investing in IT infrastructure to give their customers a virtual experience of gambling and ensure continuity in gambling along with prevention from illegal affairs.

The global online gambling market trends are as follows:

Surge in mobile gambling 

Individuals are using mobile gadgets for various applications such as watching movies, listening music, and paying utilities. They are switching to gamble on mobile phones as playing via mobile phones is comfortable, easy, and more secure. Mobile gambling is replacing other forms of casinos as all of the major online casino offering their players an advanced mobile version with a complete range of games.

Blockchain in online gambling 

Blockchain technology is integrated into online gambling business to enhance gambling experience to ensure avoidances of unfair practices. Online gambling operators are utilizing blockchain technology in online casinos purposes. It enable customers to pay with cryptocurrency, which guarantees them 0transparent operations. Online casino players are able to act completely anonymously using cryptocurrency. They can directly pay Ethereum, Bitcoin, Litecoin, or Dogecoin in poker and roulette. 

Key segments covered:

Segments

Subsegments

  Game Type

  • Sports Betting
  • Poker
  • Bingo
  • Casinos
  • Others

  End User

  • Gamblers
  • Social Exuberant

  Device Type

  • Mobile
  • Web

 

Key benefits of the report:

  • This study presents the analytical depiction of the global online gambling industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global online gambling market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global online gambling market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global online gambling market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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