The global online gaming market is anticipated to grow with a considerable CAGR of 11.9% during the forecast period (2020-2026). The increasing options to play from starting from simple games such as Solitaire to massively multiplayer online games (MMOG’s) with whole virtual universes is the major factor influencing the growth of the market.

Market leader profiled in the online gambling market are The Stars Group, International Game Technology PLC, Betsson AB, Net Entertainment, Kindred Group Plc, Paddy Power Betfair PLC, Ladbrokes. When it comes to online gambling and demographic statistics, a UK study concludes that 17% of the population gamble online, resulting in £5.3 billion revenue for the online market alone. 04, 2021 (GLOBE NEWSWIRE) - Online Gambling Market Overview 2020 was a game-changing year online gambling market, mainly due to the online gaming & gambling legalization in the US. The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market.

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Online games are popular at every age group, for instance, older generations generally top the use of simple single-player games while the young generation opts for the category of war games. In addition to this, some educational online games are also available for children. Therefore, the high popularity of online games at every age group is driving the growth of the online gaming industry.

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Furthermore, online gaming also provides the flexibility to play with distant friends or anonymous players. This is also expected to fuel the market growth during the forecast period as most of the families are nuclear nowadays.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Online Gaming Market Report Segment

By Game Type

• Role-Playing Game
• Action & Adventure Games
• Racing Games
• Simulation Games
• Strategy Games
• Sports Games
• Other Games

By Device Type

• Console
• Computer
• Mobile Devices
• Others

By Revenue Model

• Free Gaming Services
• Paid Gaming Services

Global Online Gaming Market Report Segment

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

Company Profiles

• Activision Blizzard, Inc.
• Amazon.com, Inc. (Luna)
• Apple Inc.
• Bandai Namco Entertainment Inc.
• Electronic Arts Inc.
• Epic Games, Inc.
• Gameloft SE
• Krafton Inc.
• Leyou Technologies Holdings Ltd.

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Us Casino Industry Growth

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LONDON--(BUSINESS WIRE)--Technavio has been monitoring the online gambling market and it is poised to grow by USD 114.21 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, 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. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19

Frequently Asked Questions-

• What are the major trends in the market?

• Introduction of bitcoin gambling is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of over 11%, the incremental growth of the market is anticipated to be USD 114.21 billion.

• 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 are the key market drivers and challenges?

• Rising popularity of the freemium model is one of the major factors driving the market. However, the growing online data security issues restraints the market growth.

• How big is the APAC market?

• The APAC region will contribute 36% of market growth.

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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. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

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 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

Online Gambling Market Analysis

• 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

Online Gambling Market Size

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.