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

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Sep 05, 2018, 10:00 ET

DUBLIN, Sept. 5, 2018 /PRNewswire/ --

The "Online Gambling Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global online gambling market is anticipated to generate revenues of more than $74 billion by 2023, growing at a CAGR of approximately 10% during 2017-2023.

The study considers the present scenario of the global online 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 includes 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 online gambling market.

The increasing availability of cost-effective mobile applications across the US, the UK, Italy, and China & SAR countries will help vendors generate higher revenues in the global market. The dynamic changes of lifestyle, improvements in the living conditions, high-spending sentiments, and rising awareness of the latest technologies will drive the evolution of the market.

The global online gambling market is driven by an increase in per capita income and the number of dual-income households that constitutes the basis of increasing spending on innovative variants. The cost-effectiveness of mobile applications is also attracting new players in the global market. The market research report provides in-depth market analysis and segmental analysis of the global online gambling market by product type, platform type, and geography.

Online Gambling Market - Dynamics

The advent of internet applications and easy access to online platforms will help boost the demand in the global online gambling market. Various leading vendors are investing in developing websites and mobile apps that facilitate online activities. The implementation of AR technology provides online casinos with a variety of options for improving and developing their gaming offerings. The vendors are leveraging AR and VR technologies to introduce a host of new features, best elements of live gaming and software with virtual reality add-ons and overlays to make a more engaging experience for their customers.

The growing number of live casinos worldwide will contribute to the growing demand in the global online gambling market during the forecast period. A live casino exists online and runs like a real land-based casino. These casinos offer live dealers and real-time feeds that help in replicating the experience and feel of a real-world land-based casino. The growing popularity of these services among gamblers worldwide will result in the evolution of the global online gambling market.

Key Vendor Analysis

The global online gambling market moderately fragmented, with the presence of many regional and international players. The top vendors are investing to alter and refine their unique value proposition to sustain the intense competition in the market. The market concentration in developed countries such as the Western European countries is high, while the market is in its nascent stage in developing economies such as the US and India.

Various international brands are expanding to new regions to attract the maximum number of consumers and gain a larger market share. The top players are competing on the basis of offerings, premises, and platform type. The increase in product/service extensions, technological innovations, and M&A activities will help vendors boost their revenues in the global online gambling market.

Market Dynamics

Market Growth Enablers

Growing Number of Live Casinos Worldwide
Increasing Gamification of Online Gambling Industry
Increased Focus on Online Strategy

Market Growth Restraints

Low Internet Penetration Affecting Growth of Online Gambling
Ethical Concerns

Market Opportunities & Trends

Growing Adoption of Augmented Reality and Virtual Reality in Gambling
Increased Betting on eSports
Inclusion of Digital/Cryptocurrency as Standard Money

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

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 Europe: Online Gambling Market

15 APAC: Online Gambling Market

16 Latin America: Online Gambling Market

17 North America: Online Gambling Market

18 MEA: Online Gambling Market

19 Competitive Landscape

20 Key Company Profiles

bet365
GVC Holdings
Kindred
Paddy Power Betfair
The Stars Group
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
Interwetten
Jackpotjoy
LAS VEGAS SANDS
Leovegas
MGM Resorts International
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/4zs9fm/global_online?w=5

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