Online Gambling Market Size to Grow by USD 114.21 bn During 2020-2024
Technavio has been monitoring the online gambling market and it is expected to grow by USD 114.21 bn, decelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Online Gambling Market: APAC to lead market growth during the forecast period
Online Gambling Market: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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, and William Hill Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Online Gambling Market: Key Highlights of the Report for 2020-2024
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Online Gambling Market Size to Grow by USD 114.21 bn through 2020-2024
Technavio research projects the online gambling market to grow by USD 114.21 bn, decelerating at a CAGR of over 11% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Online Gambling Market: Key Market Driver
One of the primary factors that will trigger the growth of the online gambling market size is rising popularity of the freemium model. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Online Gambling Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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, and William Hill Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The Global Online Gambling Market is expected to grow by USD 114.21 billion decelerating at a CAGR of over 11% during the forecast period. Although the consumer discretionary industry is expected to witness negative growth as a result of COVID-19, the impact of the pandemic on the market in focus is expected to remain POSITIVE. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report
"The rising popularity of the freemium model will drive the growth prospects for the global Online Gambling Market in the forthcoming years. 36% of the market growth will originate from APAC during the forecast period", says senior research analyst for the consumer discretionary Industry at Technavio.
Online Gambling Market:Type Segment Highlights
Online Gambling Market: Competitive Analysis
Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report