The Online Gambling Market to grow by $ 114.21 bn in 2020 | Industry Analysis, Market Trends, and Forecast 2024 | Technavio

Technavio has been monitoring the online gambling market and it is poised to grow by USD 114.21 bn during 2020-2024, decelerating at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

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Technavio has announced its latest market research report titled Global Online Gambling Market 2020-2024 (Graphic: Business Wire)

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the online gambling market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

• What are the major trends in the market?
  The introduction of bitcoin gambling is a major trend driving the growth of the market.

• At what rate is the market projected to grow?
  The market will decelerate at a CAGR of over 11% and the incremental growth of the market is anticipated to be $ 114.21 bn.

• Who are the top players in the market?
  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.

• What is the key market driver?
  The rising popularity of the freemium model is one of the major factors driving the market.

• How big is the APAC market
  The APAC region will contribute to 36% of the market share.

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The market is concentrated, and the degree of concentration will decelerate during the forecast period. 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. The rising popularity of the freemium model will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this online gambling market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Online Gambling Market 2020-2024: Segmentation

Online Gambling Market is segmented as below:

• Type

  • Lottery

  • Betting

  • Casino

• Device

  • Desktop

  • Mobile

• Geographic Landscape

  • APAC

  • Europe

  • MEA

  • North America

  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40413

Online Gambling Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online gambling market report covers the following areas:

• Online Gambling Market Size

• Online Gambling Market Trends

• Online Gambling Market Industry Analysis

This study identifies the introduction of bitcoin gambling as one of the prime reasons driving the online gambling market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Online Gambling Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024

• Detailed information on factors that will assist online gambling market growth during the next five years

• Estimation of the online gambling market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the online gambling market

• 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

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem

• Value chain analysis

Market Sizing

• Market definition

• Market segment analysis

• Market size 2019

• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers

• Bargaining power of suppliers

• Threat of new entrants

• Threat of substitutes

• Threat of rivalry

• Market condition

Market Segmentation by Type

• Market segments

• Comparison by Type placement

• Lottery - Market size and forecast 2019-2024

• Betting - Market size and forecast 2019-2024

• Casino - Market size and forecast 2019-2024

• Market opportunity by Type

Market Segmentation by Device

• Market segments

• Comparison by Device placement

• Desktop - Market size and forecast 2019-2024

• Mobile - Market size and forecast 2019-2024

• Market opportunity by Device

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation

• Geographic comparison

• North America - Market size and forecast 2019-2024

• APAC - Market size and forecast 2019-2024

• Europe - Market size and forecast 2019-2024

• South America - Market size and forecast 2019-2024

• MEA - Market size and forecast 2019-2024

• Key leading countries

• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers

• Volume driver - Demand led growth

• Volume driver - Supply led growth

• Volume driver - External factors

• Volume driver - Demand shift in adjacent markets

• Price driver - Inflation

• Price driver - Shift from lower to higher-priced units

• Market challenges

• Market trends

Vendor Landscape

• Overview

• Vendor landscape

• Landscape disruption

Vendor Analysis

• Vendors covered

• Market positioning of vendors

• 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

Appendix

• Scope of the report

• Currency conversion rates for US$

• Research methodology

• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201111005078/en/

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