This market research report from Technavio segments the global online gambling market by category (lottery, gaming, and betting), by distribution platforms (mobile gambling and non-mobile gambling), and by geography (APAC, EMEA, and the Americas). Leading vendors analyzed in this market study are 888 Holdings, Bet-at-home.com, Betfair Entertainment, Bwin.Party, Ladbrokes Betting & Gaming, Paddy Power, and Unibet.
Technavio’s market research analysts estimate the global online gaming market to grow at a CAGR of more than 10% between 2015 and 2019. Rise in demand for smartphones and tablets is one of the key factors propelling this market’s growth. EMEA is the largest revenue contributor to the global online gambling market because of the flexible government regulations related to gambling.
The new market research report from Technavio provides a breakdown and analysis of the online gambling segments by technology.
“The online gambling market is witnessing major shift in terms of government regulations for responsible gambling and player protection. These codes help the betting consumers by raising awareness like automatic alerts about the amount of money and time that has been spent by the customer on the game. Of late, the bookmakers are working with gaming operators to ensure that the time frames for these gambling are as short as possible. France has passed bills to allow the entry of private-owned websites that offer online gambling games,” says Navin Rajendra, Lead Analyst, Media & Entertainment, Technavio Research.
The gaming segment of the online gambling market is rising at the fastest rate, and covers around 41% if the total market share. People are increasingly showing interest in online gambling due to various table and card games like poker, blackjack, hold’em, and dice games. Availability of casino and slot machines on online platforms are also attracting players. Moreover, participation of players in online gambling activities through mobile devices is gaining popularity because of their portability feature and ability to play on the go. People are also downloading gambling apps and are engaging in social gambling games through online gaming sites.
The key vendors in the global online gaming market are 888 Holdings, Bet-at-home.com, Betfair Entertainment, Bwin.Party, Ladbrokes Betting & Gaming, Paddy Power, and Unibet. While some vendors operate in multiple fields apart from retail betting, others operate only in specific businesses such as casino and lottery. The rise in the number of gambling establishments across the globe is expected to augment the business opportunities for the vendors during the forecast period.
A more detailed analysis is available in the Technavio report, Online Gambling – Global Market Research 2015-2019.
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