Global Online Gambling Market Trends And Strategies Of Major Players In The Online Gambling Market 2021-2030

23 Sep, 2021

The online gambling market comprises of revenue generated by remote gaming activities by means of the internet using desktop and mobile devices. The market includes gambling establishments developing online sports betting, casino, bingo, lotteries, and poker games, among others.

Global Online Gambling Market Size And Drivers:

The global online gambling market is expected grow from $64.13 billion in 2020 to $72.02 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $112.09 billion in 2025 at a CAGR of 12%. Increasing adoption of smartphones with improved internet accessibility is driving the online gambling market.

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Trends In The Global Online Gambling Market

Technologies such as Blockchain, IoT and VR are changing everything in every field including online gambling. Virtual Reality and VR Headsets have gained a lot of popularity in recent years and are revolutionary addition to the world of online gambling. With VR, one can actually enter into a virtual casino and play all the games without having to travel. However, fraud and cheating were majorly concerning the users in online gambling. A lot of online casinos and online gambling sites have been accused of not being transparent and hiding their internal workings and the methods for their dealings. These concerns can be addressed using blockchain technology. With blockchain technology, everyone will be able to see exactly what is going on behind the scenes. Games such as SlotsMillion, Casino VR Poker, and The Gear that are played through VR are engaging the customers and are shaping the online gambling industry.

Global Online Gambling Market Segments:
The global online gambling market is further segmented –
By Game Type: Betting, Casino, Lottery, Poker, Online Bingo, Others
By Device: Desktop, Mobile, Others
By Geography: The global online gambling market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Online Gambling Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides online gambling market overviews, analyzes and forecasts market size and growth for the global online gambling market, online gambling market share, online gambling market players, online gambling market segments and geographies, online gambling market’s leading competitors’ revenues, profiles and market shares. The online gambling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.