Global Gambling Market Outlook and Forecast 2018-2023: Opportunities in the Growing Adoption of Augmented Reality and Virtual Reality in Gambling

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Sep 04, 2018, 12:45 ET

DUBLIN, Sept. 4, 2018 /PRNewswire/ --

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 market research report provides in-depth market analysis and segmental analysis of the global gambling market by product, platform, and geography.

The study considers the present scenario of the global gambling market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Gambling Market - Dynamics

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.

These events are often broadcasted live worldwide via streaming platforms such as YouTube and Twitch. The online gambling industry has utilized the opportunity to use digital currency and gambling on blockchain-based platforms to ensure that a higher number of consumers use these modes of payment in the global market. The increasing number of bitcoin and cryptocurrency transactions will augment the development of the global gambling market.

Key Vendor Analysis

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:

Bet365
Galaxy Entertainment Group
Las Vegas Sands Corporation
MGM Resorts International
The Star Group
Paddy Power Betfair
William Hill

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by Platform Type
4.3.3 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Market Overview
7.2 Macro-Economic Factors Enabling Market Growth
7.2.1 Economic Development
7.2.2 Per Capita GDP in Developing Markets
7.2.3 Dual-income Households in Developed Markets

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growth in Mass-Market Gaming Segment
8.1.2 Growing Number of Live Casinos Worldwide
8.1.3 Increasing Gamification of Online Gambling Industry
8.1.4 Increased Focus on Online Strategy
8.1.5 YOY Impact of Market Growth Enablers
8.1.6 YOY Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Low Internet Penetration Affecting Growth of Online Gambling
8.2.2 Ethical Concerns
8.2.3 YOY Impact of Market Growth Restraints
8.2.4 YOY Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Growing Adoption of Augmented Reality and Virtual Reality in Gambling
8.3.2 Increased Betting on eSports
8.3.3 Inclusion of Digital/Cryptocurrency as Standard Money
8.3.4 YOY Impact of Market Opportunities & Trends
8.3.5 YOY Impact of Market Opportunities & Trends on Regions

9 Value Chain Analysis
9.1 Supply Chain overview
9.2 Value Chain Analysis for Online Gambling Market
9.2.1 Suppliers
9.2.2 Operators
9.2.3 Affiliates
9.2.4 End-user
9.2.5 Jurisdiction

10 Market Landscape
10.1 Global Gambling Market
10.1.1 Historical Data 2015-2016
10.1.2 Market Size & Forecast 2017-2023
10.2 Porter's Five Forces Analysis

11 Market By Product Type
11.1 Market Overview
11.2 Global Casino Market
11.3 Global Lottery Market
11.4 Global Betting Market

12 Market by Platform Type
12.1 Market Overview
12.2 Global Land-based Gambling Market
12.3 Global Online Gambling Market

13 Market by Geographical Segmentation
13.1 Market Overview

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
19.1 Market Overview
19.2 Market Structure and Mapping of Competition
19.2.1 Herfindahl-Hirschman Index

20 Key Company profiles

Bet365
Galaxy Entertainment Group
Las Vegas Sands
MGM Resorts International
The Stars Group
Paddy Power Betfair
William Hill

21 Other Prominent Vendors

AsianLogic
Betway
Betfred Group
Betsafe
Betsson
BET-at-home
Bwin
Caesars Interactive Entertainment
Camelot
Casino Cosmopol
Casinoeuro
Casinostugan
Casumo
Comeon
Expekt
Folkeautomaten
Gametwist
Genting Berhad
GVC HOldings
Interwetten
Jackpotjoy
Kindred
Leovegas
Mobilbet
Mr. Green
Mybet
Nordicbet
Norgesautomaten
Norsk Tipping
OnlineCasino Deutschland
Pinnacle
Playtech
Rank Group
SJM Holdings Limited
Sky bet
Sportech
Stargames
Sunmaker
Svenska Spel
Tipico
Vera&john
Win2Day
Wynn Resorts
1XBET
888 Group

For more information about this report visit https://www.researchandmarkets.com/research/lmgtdz/global_gambling?w=5

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