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Worldwide Online Gambling Industry to 2025 - Adoption of Virtual Currencies as Payment Processing Presents Opportunities - ResearchAndMarkets.com

·4 min read

The "Online Gambling Market Research Report by Game (Bingo, Casino/Poker, Lottery, Social Gaming, and Sports Betting), by Device (Desktop and Mobile), by Payment Mode - Global Forecast to 2025 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Online Gambling Market is expected to grow from USD 58,719.56 Million in 2020 to USD 95,023.13 Million by the end of 2025.

Market Segmentation & Coverage:

This research report categorizes the Online Gambling to forecast the revenues and analyze the trends in each of the following sub-markets:

The Sports Betting is projected to witness the highest growth during the forecast period

Based on Game, the Online Gambling Market is examined across Bingo, Casino/Poker, Lottery, Social Gaming, and Sports Betting. The Sports Betting commanded the largest size in the Online Gambling Market in 2020, and it is expected to grow at the fastest CAGR during the forecast period.

The Mobile is projected to witness the highest growth during the forecast period

Based on Device, the Online Gambling Market is examined across Desktop and Mobile. The Desktop commanded the largest size in the Online Gambling Market in 2020. On the other hand, the Mobile is expected to grow at the fastest CAGR during the forecast period.

The Real Money is projected to witness the highest growth during the forecast period

Based on Payment Mode, the Online Gambling Market is examined across Real Money and Virtual Money. The Real Money commanded the largest size in the Online Gambling Market in 2020, and it is expected to grow at the fastest CAGR during the forecast period.

The Asia-Pacific is projected to witness the highest growth during the forecast period

Based on Geography, the Online Gambling Market is examined across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded the largest size in the Online Gambling Market in 2020. On the other hand, the Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. The ongoing research amplifies the research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Online Gambling Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Online Gambling Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Online Gambling Market?

4. What is the competitive strategic window for opportunities in the Global Online Gambling Market?

5. What are the technology trends and regulatory frameworks in the Global Online Gambling Market?

6. What are the modes and strategic moves considered suitable for entering the Global Online Gambling Market?

Market Dynamics

Drivers

  • Increasing smartphone adoption coupled with the high internet penetration

  • Legalization of online gambling and relaxation of government regulations and policies

Restraints

  • Cybercrime & hacking issues related with the online gambling platform

  • Slow adoption of online gambling in favor of land based casinos

Opportunities

  • Adoption of virtual currencies as payment processing

  • Technology advancements in online gambling platforms with integration of AI, VR & Blockchain

Challenges

  • Cultural barriers & rising addiction behaviour issues

Companies Mentioned

  • 888 Holdings PLC

  • Bet365 Group Ltd

  • BETSSON AB

  • Betway Group

  • Flutter Entertainment PLC

  • Fortuna Entertainment Group N.V

  • GVC Holdings PLC

  • Rhinoceros Operations Ltd

  • The Hong Kong Jockey Club

  • The Stars Group Inc.

For more information about this report visit https://www.researchandmarkets.com/r/vd0hjt

View source version on businesswire.com: https://www.businesswire.com/news/home/20210414005559/en/

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