Global Online Gambling Platform Market by Type (Online Casino, Sports Betting, Esports Betting, Online Lottery, Other), By Application (Desktop-install & Web, Mobile-install) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online gambling platform market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for online gambling platforms from different regions across the globe. In addition, the increasing adoption of smartphones and other mobile devices is also contributing to the growth of this market. The global online gambling platform market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into online casino, sports betting, esports betting, online lottery, and other segments. Online casino is expected to hold a major share in this market owing to its growing popularity among consumers worldwide. By application, it can be classified into desktop-install & web and mobile-install segments.



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Product Definition:

An online gambling platform is a website or software system that allows players to gamble with real money. The importance of an online gambling platform is that it provides a safe and secure place for players to bet and win money.

Online Casino:

Online casino is an electronic game played by players via the internet. It is a form of gambling where the player can participate from his/her residence or any other place as long as he has an internet connection. The popularity of online casinos has increased exponentially over the past few years owing to technological advancements and easy availability of various gaming platforms, which are compatible with all types of computers and mobile phones.

The global online casino market was estimated at USD 25 billion in 2015.

Sports Betting:

Sports betting is a wager on the consequence of an event in sports. The main two forms are Fixed-odds betting and Point spread betting. In fixed-odds, the stake is fixed at a certain level and the bettor can only win or lose that stake. In point spread, there are two sides to every bet; if team A is playing against team B then one can place a bets on either side i.e., Team A or Team B (point spreads).

Application Insights:

Based on application, the global online gambling platform market is segmented into desktop-install & web, mobile-install and others. Other applications include live streaming and social casino gaming. The social casino gaming segment is expected to witness significant growth over the forecast period owing to its ease of use in comparison with traditional casinos. Furthermore, live streaming platforms enable users to broadcast real-time games directly through a website or app interface which attracts more viewers thereby increasing revenue generation capabilities of operators.

The desktop-install & web application segment dominated the overall industry in terms of revenue generation in 2017 as well as being the most popular type among consumers globally due to its flexibility and convenience coupled with accessibility from any location at any time.

Regional Analysis:

Asia Pacific is estimated to be the fastest-growing regional market over the forecast period. The growth can be attributed to various factors such as increasing disposable income, rising adoption of technology and changing regulatory scenario in countries like India and Australia. In September 2017, New Zealand legalized online gambling in order to generate more revenue from tourism. However, there is a significant drop in revenue after taxes were imposed on these companies due to which they are no longer profitable.

In October 2018, Australian Capital Territory (ACT) government proposed new regulations for online betting companies operating within its jurisdiction that would have allowed them not charge customers any fees or commissions and also offered tax incentives for ACT-based operators who opened offices within the region’s borders – all this was intended at attracting more players into Canberra casinos by offering lower rates of betting exchange commission than other neighboring states offer competitors outside Canberra city limits.

Growth Factors:

Increasing demand for online gambling platforms from the global population, especially in developing countries where there is a growing middle class.
The increasing legalization of gambling around the world, as well as the growth of new markets (e.g., eSports).
Advances in technology that make online gambling more user-friendly and immersive (e.g., virtual reality).
The increasing use of mobile devices for online gambling, which offers convenience and portability to players.
The development of innovative new products and features by online gambling platforms to attract players (e.g., social gaming, betting on real-world events).


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Gambling Platform Market Research Report
By Type
Online Casino, Sports Betting, Esports Betting, Online Lottery, Other
By Application
Desktop-install & Web, Mobile-install
By Companies
International Game Technology (IGT), Playtech, Microgaming, Betconstruct, Softgamings, Betsys, Sportradar, SBTech, Digitain, GammaStack, EveryMatrix, Novomatic, NetEnt, BetSoft, Scientific Games, Evolution Gaming, Playtika, Octro, Tencent, Boyaa Interactive
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.

Global Online Gambling Platform Market Report Segments:
The global Online Gambling Platform market is segmented on the basis of:
Types
Online Casino, Sports Betting, Esports Betting, Online Lottery, Other
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
Desktop-install & Web, Mobile-install
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:
International Game Technology (IGT)
Playtech
Microgaming
Betconstruct
Softgamings
Betsys
Sportradar
SBTech
Digitain
GammaStack
EveryMatrix
Novomatic
NetEnt
BetSoft
Scientific Games
Evolution Gaming
Playtika
Octro
Tencent
Boyaa Interactive



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Highlights of The Online Gambling Platform 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:
Online Casino
Sports Betting
Esports Betting
Online Lottery
Other
By Application:
Desktop-install & Web
Mobile-install
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 Online Gambling Platform 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

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