The report titled “Global Online Gambling Market with Focus on Sports Betting (2018-2022 Edition)” provides an in-depth analysis of the global online gambling market with detailed analysis of market size and growth. The analysis includes market by value, market share by product and by region. The report also provides the detailed analysis of the online sports betting in terms of value globally.
The report provides a detailed analysis of the European online gambling market which includes market by value, market share by products and market sizing of major products i.e. online sports betting and online casino. A brief regional analysis of Asia & Middle East, North America and Latin America has also been provided in the report.
Furthermore, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global online gambling market has also been forecasted for the period 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global online gambling market is highly fragmented with various players. Betsson AB, Kindred Group Plc., Net Entertainment and Paddy Power Betfair Plc. are some of the key players operating in the global online gambling market whose company profiling has been done in the report. This segment of the report summarizes business overview, financial overview and the business strategies of the respective companies.
Kindred Group Plc.
, Net Entertainment
Paddy Power Betfair Plc
Asia and Middle East
Online gambling is the betting/staking of something of value, generally money on the outcome of a game using the internet. With the advent of high-speed internet, online gambling is gaining popularity among the population. The online gambling market is comprised of a number of different types of games, each with its own business model and technology. It consists of online casino, sports betting, online poker, online bingo, lotteries and other skill games. The two main forms of online gambling are: Online Wagering and Online Gaming.
The global market for online gambling exhibited a strong performance through the years 2013 to 2017. It is estimated that the market would grow at a healthy rate over the forecast period (2018-2022). The global online gambling market is supported by various growth drivers such as growth of mobile gambling, spike in internet penetration, rising ownership of gadgets such as mobile, laptops, tablets, growing number of online women gamblers, industry consolidation and alternative option to cash. In spite of high growth, the market is still facing some challenges which are obstructing the growth of the market.
Some of the major challenges faced by the industry are: lack of suitable software handling, cyber security issues and stringent government regulations. Increasing adoption of bitcoin gambling and growing number of online women gamblers have been identified as some of the key trends existing in the market.