Sports Betting Market by Platform and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR40575

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The sports betting market size will grow up to USD 106.25 billion at a CAGR of 9.70% during 2021-2025.

This sports betting market analysis report entails exhaustive statistical qualitative and quantitative data on platform (offline and online) and geography (APAC, Europe, North America, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Sports Betting Market Size be in 2021?

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Sports Betting Market: Key Drivers and Trends

According to our research output, there has been a positive impact on the market growth post COVID-19 era. Key drivers such as the digital revolution are notably supporting the sports betting market growth. On the other hand, factors such as stringent government regulations and restrictions have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This sports betting market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Sports Betting Market Vendors?

The sports betting market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • 888 Holdings Plc
  • Bet365 Group Ltd.
  • Churchill Downs Inc.
  • Flutter Entertainment Plc
  • GVC Holdings Plc
  • Kindred Group Plc
  • Sportech Plc
  • The Stars Group Inc.
  • Webis Holdings Plc
  • William Hill Plc

 

The sports betting market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The sports betting market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted 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 sports betting 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 sports betting 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 Sports Betting Market?

Sports-Betting-Market-Market-Share-by-Region-2020-2025

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China and Australia are the key markets for sports betting market in APAC. Learn about the key, emerging, and untapped markets from our sports betting market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 39% of the market’s growth will originate from APAC during the forecast period.

APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing commercialization of sports events has been identified as one of the chief factors that will drive the sports betting market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Platform Segments in the Sports Betting Market?

Sports-Betting-Market-Market-Share-by-Platform-2020-2025

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The sports betting 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 2021-2025 and embrace technologies to improve business efficiency. The sports betting market share growth by the offline segment has been significant and is expected to provide significant growth opportunities to market vendors.

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. This report provides an accurate prediction of the contribution of all the segments to the growth of the sports betting market size.

 

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What are the Key Factors Covered in this Sports Betting Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive sports betting market growth during the next five years
  • Precise estimation of the sports betting market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sports betting market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sports betting 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 sports betting market growth will increase by $134.06 billion during 2019-2024.
The sports betting market is expected to grow at a CAGR of 9.88% during 2019-2024.
Technavio has segmented the sports betting market by platform (Offline and Online) and geographic (APAC, Europe, North America, MEA, and South America).
888 Holdings Plc, bet365, Churchill Downs Inc., Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, William Hill Plc are a few of the key vendors in the sports betting market.
APAC will register the highest growth rate of 48.68% among the other regions. Therefore, the sports betting market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • UK
  • US
  • Singapore
  • Australia
  • France
The key factors driving the sports betting market growth are:
  • Digital revolution
The sports betting market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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