London, 08 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global lottery market 2015-2019, which is expected to grow at a CAGR of 8.85% during the forecast period of 2014-2019.
Though lotteries have been outlawed or placed under stringent regulations in most countries, they are one of the major sources of revenue for several governments. The US and some countries in Southeast Europe are now easing their regulations related to lotteries.
“The global lottery market is witnessing the emergence of mobile lottery, which is played on mobile devices. Individuals can easily buy lottery tickets and play using their smartphones,” says Faisal Ghaus, Vice President of Technavio.
“The growing popularity of these emerging platforms is expected to drive the global lottery market during the forecast period.”
Key Market Drivers
- Easing of Government Regulations
- Increased Disposable Income
- Chances of High Returns for Low Investments
- Increased Interest from Less Affluent Population
Key Market Trends
- Emerging Platforms
- Increase in M&A
- Availability of Different Forms of Lotteries
- Online Lottery
Key Market Vendors
- Camelot Group
- China Welfare Lottery
- Française des Jeux SA
- GTECH SpA
- Hong Kong Jockey Club
- INTRALOT SA
- Scientific Games Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
