Online Gambling Market by Type, Device, and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR40413

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The online gambling market value is projected to grow by USD 114.21 billion at a CAGR of 11.43% during 2020-2024.

The online gambling market report extensively covers market segmentations by type (lottery, betting, and casino), device (desktop and mobile), and geography (APAC, Europe, MEA, North America, and South America) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Online Gambling Market Size be in 2020?

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Online Gambling Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising popularity of the freemium model is notably driving the online gambling market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the online gambling market get your FREE report sample now.

This post-pandemic online gambling market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the online gambling market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Online Gambling Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 888 Holdings Plc
  • bet365 Group
  • Betsson Ab
  • Camelot UK Lotteries Ltd.
  • Flutter Entertainment Plc
  • Galaxy Entertainment Group Ltd.
  • GVC Holdings Plc
  • INTRALOT SA
  • MGM Resorts International
  • William Hill Plc

 

The online gambling market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full online gambling market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

For insights on complete key vendor profiles, download a free sample of the online gambling market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Online Gambling Market?

Online-Gambling-Market-Market-Share-by-Region-2019-2024

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The online gambling market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 36% of the market’s growth will originate from APAC during the forecast period. China is the key market for online gambling market in APAC.

APAC has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Online Gambling Market?

Online-Gambling-Market-Market-Share-by-Type-2019-2024

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The online gambling market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency. The online gambling market share growth by the lottery segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the online gambling market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Online Gambling Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive online gambling market growth during the next five years
  • Precise estimation of the online gambling market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online gambling market across APAC, Europe, MEA, North America, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online gambling market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The online gambling market growth will increase by $114.21 billion during 2019-2024.
The online gambling market is expected to grow at a CAGR of 11.43% during 2019-2024.
Technavio has segmented the online gambling market by type (Lottery, Betting, and Casino) and geographic (North America, APAC, Europe, and South America).
888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., GVC Holdings Plc, INTRALOT SA, MGM Resorts International, William Hill Plc are a few of the key vendors in the online gambling market.
APAC will register the highest growth rate of 36.80% among the other regions. Therefore, the online gambling market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the online gambling market growth are:
  • Growing demand for mobile gambling
  • Introduction of bitcoin gambling
The online gambling market vendors should focus on grabbing business opportunities from the lottery segment as it accounted for the largest market share in the base year.
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