July 29, 2020

Global Online Gambling Market by Product Types, Device, and Regions-Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.

The Global Online Gambling market was valued at USD 53.7 billion in 2019 and is expected to reach at USD 115.05 billion by 2026, growing at a CAGR 11.5%, during the forecast period, 2020 to 2026. The high internet penetration and surging utilization of mobile phones among individuals for playing online games from their homes and public places are driving the market.

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Developments in the online space are in sync with the annual growth of internet casinos. These developments are made to accumulate the desired credibility in the gambling zone. Therefore, online casinos are aiming at investing in information solutions that provide continuous support to gamblers, make sure the credibility of the operations, and prevent illegal affairs. Several online casinos are providing a free play version of some of their games, which is creating growth opportunities for the market.

Online gambling can be considered as a global activity both in terms of technological and organizational viewpoints. From a technological point of view, online gambling operates via internet. However, in an organization, it works on multiple server points existing across the globe. For instance, on a global scale, more than 80 jurisdictions control some form of gambling; however, they are grouped in only a few places.

Market Trends, Drivers, Restraints, and Opportunities:

  • Factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are expected to drive the market growth, during the forecast period.
  • The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth.
  • The internet has become a global platform for communication and allows merchants to provide their services in the digital market space.
  • However, cybercrime in the industry is rising at a rapid rate. Signal manipulation through fake apps and app-based hacking are some of the major concerns restraining the market growth.
  • Trends also suggest that the consumption of services in the global virtual market has risen by 28.0 percent annually since the last decade. With the surging use of internet, the growth rate of online casinos has gone up significantly. In addition, growing awareness of latest technologies and increasing disposable income of individuals are expected to propel market growth.

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Competitive Landscape:

Key players include William Hill PLC, Bet365 Group Ltd., Paddy Power Betfair PLC, Betsson AB, Ladbrokes Coral Group PLC, The Stars Group Inc., 888 Holdings PLC, Sky Betting and Gaming, Kindred Group PLC, and GVC Holdings PLC.

Companies are aiming at consistent innovations to personalize and differentiate their service offerings for potential customers. Product launches, mergers and acquisitions, and collaborations are some of the key strategies adopted by these players to achieve a competitive edge in the market.

The global Online Gambling market has been segmented on the basis of:

Product Types

  • Sports Betting
  • Casinos
  • Poker
  • Bingo

Device

  • Desktop
  • Mobile

Regions

  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

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  • We offer industry-leading critical reports with accurate insights into the future of the market.
  • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments.
  • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency.
  • The demand and supply dynamics offered in the report give a 360 degree view of the market.
  • Our report helps readers decipher the current and future constraints in the Online Gambling Market, and help them formulate optimum business strategies to maximize growth in the market.

Table of Contents

  1. Executive Summary
  2. Assumptions and Acronyms Used
  3. Research Methodology
  4. Online Gambling Market Overview
  5. Global Online Gambling Market Analysis and Forecast by Type
  6. Global Online Gambling Market Analysis and Forecast by Application
  7. Global Online Gambling Market Analysis and Forecast by Sales Channel
  8. Global Online Gambling Market Analysis and Forecast by Region
  9. North Online Gambling Market Analysis and Forecast
  10. Latin Online Gambling Market Analysis and Forecast
  11. Europe Online Gambling Market Analysis and Forecast
  12. Asia Pacific Online Gambling Market Analysis and Forecast
  13. Middle East & Africa Online Gambling Market Analysis and Forecast
  14. Competition Landscape

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