$525 Billion Gambling Market - Global Outlook and Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The “Gambling Market - Global Outlook and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global gambling market is expected to reach revenues of over $525 billion by 2023, growing at a CAGR of approximately 4% during 2017-2023.
The increasing per capita income, high adoption, growing interest, and rising number of dual-income households will augment the transformation of the global market. The demand for online games and increasing penetration of mobile applications across the US, the UK, Italy, and China & SAR region will help attract new players in this market over the next few years.
The global gambling market is driven by increasing penetration of online gaming and betting across the North American and European region. The increase in per capita income, high adoption, growing interest, and growth of dual-income households are some of the factors augmenting the growth of the global market.
The exponential popularity and rising number of live casinos will help in the development of the global gambling market during the forecast period. These live casinos have the presence of live dealers and run like a real land-based casino. The increase in e-sport competitions in the form of video gaming or pro-gaming or professional video gaming is driving the growth of the global gambling market. These competitions are multiplayer in nature and RTS, FPS, and MOBA is the most popular games in the global market.
The global gambling market is highly concentrated with the presence of several regional and international players. The increasing focus on continuous innovations and upgrades to support digital platforms and sustain the intense competition in the global market. Various companies are expanding their businesses to developing countries such as India and China to tap potential opportunities in the market.
Factors such as an increase in product or service extensions, technological innovations, and M&A are expected to intensify the competition in the global gambling market during the forecast period. Furthermore, the presence of established international vendors, consumer loyalty, and a shift in consumer preferences are major entry barriers for new players.
The major vendors in the global market are:
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
5 Report Assumptions & Caveats
6 Market at a Glance
8 Market Dynamics
9 Value Chain Analysis
10 Market Landscape
11 Market By Product Type
12 Market by Platform Type
13 Market by Geographical Segmentation
14 APAC: Gambling Market
15 North America: Gambling Market
16 Europe: Gambling Market
17 Latin America: Gambling Market
18 MEA: Gambling Market
19 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/nnljzw/525_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005382/en/
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INDUSTRY KEYWORD: ENTERTAINMENT CASINO/GAMING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/04/2018 06:08 AM/DISC: 09/04/2018 06:08 AM