Market Overview:
The global lottery sweepstakes system market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for online lottery systems and rising adoption of cloud-based and web-based lottery systems by end users. North America is expected to hold the largest share of the global market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness the highest CAGR during the forecast period due to increasing demand for online lotteries in countries such as China, Japan, and India.
Product Definition:
The lottery sweepstakes system is a computerized system used to randomly select the winners of a lottery. The importance of the lottery sweepstakes system is that it ensures that the winners are chosen randomly and fairly.
Cloud Based:
Cloud based is a service model that provides shared pool of processing resources and storage space. It helps in reducing cost, time and complexity for organizations. Cloud based services are gaining popularity among lotteries worldwide as it offers numerous benefits such as easy to use, flexibility, 24/7 availability of services and low maintenance.
Web Based:
The global web-based and it's usage in lottery sweepstakes system market size was valued at USD 1.72 billion in 2016. The increasing demand for online gaming coupled with the legalization of gambling in various countries is expected to drive the growth over the forecast period.
The rapid development of mobile-friendly internet services has led to an increase in its penetration among players, which is further projected to propel industry expansion over the next eight years.
Application Insights:
The lottery agency application segment accounted for the largest revenue share in 2017. This is because most of the lotteries are operated by state governments and local authorities which act as lottery agencies. These organizations operate retail outlets where players can buy tickets for different draws held by these agencies. The enterprise application segment is expected to witness a lucrative CAGR during the forecast period owing to increasing investments from private companies, enterprises and other institutions in various lotteries across countries worldwide. For instance, several multinationals including Microsoft Corporation; Google Inc.; Amazon; Facebook, Inc.; Apple Inc.; AT&T Inc.; Verizon Communications LLC; Comcast Corporation; Dow Jones & Company LLC have invested in U.S.-based Powerball lottery which has drawings held once every weeknight at 11:59 pm ET since November 2016 till date generating over USD 300 million annually for public good causes like education funding and anti-poverty programs across states of U.S.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., as a country, has been witnessing increasing cases of lottery-related crimes over the past few years. This has led to an increase in security measures taken by state governments and lotteries themselves to ensure that their operations remain secure and transparent from external threats or influences. As a result, North America is expected to witness steady growth over the forecast period owing to increased government spending on security systems for lotteries coupled with stringent regulations set by regulatory bodies such as Financial Conduct Authority (FCA) and Security Industry Association (SIA).
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing its large population base across countries such as India, China, Japan etc., which increases opportunities for jackpot prizes resulting into an increase in demand for LTSS systems used across these countries.
Growth Factors:
- Increasing demand for online lottery and sweepstakes games
- Rising disposable income of the population
- Proliferation of smartphones and other digital devices
- Advent of new technologies and platforms for playing lottery games
- Growing popularity of social media
Scope Of The Report
Report Attributes
Report Details
Report Title
Lottery Sweepstakes System Market Research Report
By Type
Cloud Based, Web Based
By Application
Lottery Agency, Enterprise, Other
By Companies
Wishpond, Second Street, Qualifio, Votigo, DojoMojo, ShortStack, Rafflecopter, Woobox, Huawei, VYPER, ViralSweep
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Lottery Sweepstakes System Market Report Segments:
The global Lottery Sweepstakes System market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lottery Agency, Enterprise, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wishpond
- Second Street
- Qualifio
- Votigo
- DojoMojo
- ShortStack
- Rafflecopter
- Woobox
- Huawei
- VYPER
- ViralSweep
Highlights of The Lottery Sweepstakes System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Web Based
- By Application:
- Lottery Agency
- Enterprise
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lottery Sweepstakes System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lottery sweepstakes system is a marketing strategy used to promote a product or service. The system involves awarding prizes to participants who enter the drawing. The prizes can be anything from vacations to cars.
Some of the key players operating in the lottery sweepstakes system market are Wishpond, Second Street, Qualifio, Votigo, DojoMojo, ShortStack, Rafflecopter, Woobox, Huawei, VYPER, ViralSweep.
The lottery sweepstakes system market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lottery Sweepstakes System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lottery Sweepstakes System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lottery Sweepstakes System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lottery Sweepstakes System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lottery Sweepstakes System Market Size & Forecast, 2020-2028
4.5.1 Lottery Sweepstakes System Market Size and Y-o-Y Growth
4.5.2 Lottery Sweepstakes System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Lottery Agency
6.2.2 Enterprise
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lottery Sweepstakes System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lottery Sweepstakes System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Lottery Agency
9.10.2 Enterprise
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Lottery Agency
10.10.2 Enterprise
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Lottery Agency
11.10.2 Enterprise
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Lottery Agency
12.10.2 Enterprise
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Lottery Agency
13.10.2 Enterprise
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lottery Sweepstakes System Market: Competitive Dashboard
14.2 Global Lottery Sweepstakes System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wishpond
14.3.2 Second Street
14.3.3 Qualifio
14.3.4 Votigo
14.3.5 DojoMojo
14.3.6 ShortStack
14.3.7 Rafflecopter
14.3.8 Woobox
14.3.9 Huawei
14.3.10 VYPER
14.3.11 ViralSweep
