The report “Global Online Gaming Market Opportunities and Strategies to 2030, by Game Type, Device” has been added to ResearchAndMarkets’ offer.
The online gambling market reached a value of nearly $76,792.7 million in 2020, having grown at a compound annual growth rate (CAGR) of 13.7% since 2015. The market is expected to increase from $76,792.7 million in 2020 to $127,451.4 million in 2025 at a rate of 10.7%. The market is then expected to grow at a CAGR of 8.6% from 2025 and reach $192,264.4 million in 2030.
Growth during the historical period resulted from strong economic growth in emerging markets, increasing adoption of smartphones with better internet accessibility, growing popularity of digital payments, and increasing disposable income.
Going forward, increased player engagement during the covid-19 pandemic, increased consumer acceptance for fintech, technically advanced platforms, legalized gambling and changing consumer gaming habits will drive growth. Factors likely to hinder the growth of the online gambling market in the future include global recession, regulatory restrictions aimed at curbing gambling addiction, changing demographics, and security concerns.
The online gambling market is segmented by game type into betting, casino, lottery, poker, online bingo and others. The betting market was the largest segment of the online gambling market segmented by type of game, accounting for 46.7% of the total in 2020. Going forward, the lottery segment is expected to be the growing segment fastest growing online gambling market segmented by type of game, at a CAGR of 16.8% during the period 2020-2025.
The online gambling market is also segmented by device into desktop, mobile and other. The desktop computer market was the largest segment of the online gaming market segmented by device, accounting for 57.9% of the total in 2020. Going forward, the mobile segment is expected to be the fastest growing segment in the online games market segmented by device, at a CAGR of 17.4% during the period 2020-2025.
Asia-Pacific was the largest region in the online gambling market, accounting for 31.9% of the total in 2020. It was followed by Western Europe, followed by other regions. Going forward, the fastest growing regions in the online gambling market will be Western Europe and Asia-Pacific, where growth will reach CAGRs of 10.83% respectively. and 10.81%. This is followed by South America and the Middle East, where the markets are expected to grow at CAGRs of 10.7% and 10.5% respectively.
The online gambling market is quite fragmented, with a large number of players. The top ten market competitors accounted for up to 23.15% of the total market in 2020. The major market players are focusing on continuous product innovations, mergers and acquisitions to expand its market presence and gain competitive edge on the market.
Flutter Entertainment plc was the main competitor with 6.06% of the market, followed by bet365 Group Ltd. with 4.80%, Entain plc with 4.66%, Kindred Group plc with 1.96%, William Hill PLC with 1.55%, 888 Holdings PLC with 1.06%, International Game Technology PLC with 1.03% , Betsson Ab with 0.96%, DraftKings Inc. with 0.61% and Betfred with 0.46%.
The best opportunities in the online gambling market segmented by game type will arise in the betting segment, which will earn $21,415.9 million in global annual sales by 2025. The best opportunities in the segment by device will will present in the mobile segment, which will earn $35,462.1 million. in global annual sales by 2025. The size of the online gambling market will grow the most in the United States with $8,453.8 million.
Market trend-based strategies for the online gambling market include investing in AI technology to improve user experience, integrating cryptocurrency as a payment method, creation of mobile applications, investment in AR and VR technology, sponsorship of sporting events with a large audience, connection with celebrities and influencers, offer free access to games with certain main features and offer cross-platform support for Games.
Main topics covered:
1. Summary of the online gambling market
2. Table of Contents
3. List of Figures
4. List of tables
5. Structure of the report
6.1. Segmentation by geography
6.2. Segmentation by game type
6.3. Segmentation by device
7. Characteristics of the online gambling market
7.1. Market definition
7.2. Segmentation by game type
7.2.5. online bingo
7.3. Segmentation by device
7.3.3. Other devices
8. Online Gambling Market Trends and Strategies
8.1. Use of artificial intelligence in online gaming
8.2. Blockchain in online gambling
8.3. mobile game
8.4. Virtual reality/augmented reality to improve user experience
8.5. Online gaming companies sponsoring sports teams
8.6. Celebrity endorsements
8.7. Freemium models in the online game
8.8. Cross-platform games of chance
9. Impact of COVID-19 on the online gambling market
9.2. Impact on major regions
9.2.1. North America
9.2.2. Asia Pacific
9.3. Impact on sports betting
10. Global Online Gambling Market Size and Growth
10.1. Market size
10.2. Historical Market Growth, 2015 – 2020, Value (USD Million)
10.2.1. Market drivers 2015 – 2020
10.2.2. Market Constraints 2015 – 2020
10.3. Market Growth Forecast, 2020-2025, 2030F Value (USD Million)
10.3.1. Market Drivers 2020 – 2025
10.3.2. Constraints on the market 2020 – 2025
11. Global Online Gambling Market Segmentation
11.1. Global Online Gambling Market, Segmentation by Game Type, History & Forecast, 2015-2020, 2025F, 2030F, Value (Million USD)
11.2. Global Online Gaming Market, Segmentation by Device, History & Forecast, 2015-2020, 2025F, 2030F, Value (Million USD)
12. Online Gambling Market, Regional and Country Analysis
12.1. Global Online Gambling Market, By Region, Historical & Forecast, 2015-2020, 2025F, 2030F, Value (USD Million)
12.2. Global Online Gambling Market, By Country, Historical & Forecast, 2015-2020, 2025F, 2030F, Value (USD Million)
- Flutter Entertainment plc
- bet365 Group Ltd.
- Entain plc
- Kindred Group plc
- William Hill PLC
- 888 Holdings PLC
- International Game Technology PLC
- Betsson AB
- DraftKings Inc.
- bet fred