Online Gambling Market Size to Grow by USD 114.21 bn During 2020-2024

Technavio has been monitoring the online gambling market and it is expected to grow by USD 114.21 bn, decelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Online Gambling Market: APAC to lead market growth during the forecast period

  • 36% of the market growth will originate from APAC during the forecast period.
  • Introduction of bitcoin gambling will be a key trend that will influence market growth significantly.
  •  Rising popularity of the freemium model will be a significant factor in driving the growth of the online gambling market.

Online Gambling Market to Post Incremental Growth of USD 114.21 bn During 2020-2024 | Key Geographies that will Drive Growth

Online Gambling Market: Key Competitors

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., GVC Holdings Plc, INTRALOT SA, MGM Resorts International, and William Hill Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Online Gambling Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive online gambling market growth during the next five years
  • Precise estimation of the online gambling market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online gambling market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online gambling market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is decelerate at a CAGR of over 11%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 114.21 bn through 2020-2024.

     
  3. What is a key factor driving this market?
    Rising popularity of the freemium model will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, MEA, North America, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    36% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., GVC Holdings Plc, INTRALOT SA, MGM Resorts International, and William Hill Plc

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Lottery, Betting, and Casino), Device (desktop and mobile), and Geography (APAC, Europe, MEA, North America, and South America)

Online Gambling Market Size to Grow by USD 114.21 bn through 2020-2024  

Technavio research projects the online gambling market to grow by USD 114.21 bn, decelerating at a CAGR of over 11% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Online Gambling Market: Key Market Driver

One of the primary factors that will trigger the growth of the online gambling market size is rising popularity of the freemium model. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Online Gambling Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., GVC Holdings Plc, INTRALOT SA, MGM Resorts International, and William Hill Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The Global Online Gambling Market is expected to grow by USD 114.21 billion decelerating at a CAGR of over 11% during the forecast period. Although the consumer discretionary industry is expected to witness negative growth as a result of COVID-19, the impact of the pandemic on the market in focus is expected to remain POSITIVE. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report

"The rising popularity of the freemium model will drive the growth prospects for the global Online Gambling Market in the forthcoming years. 36% of the market growth will originate from APAC during the forecast period", says senior research analyst for the consumer discretionary Industry at Technavio.

Online Gambling Market to Post Incremental Growth of USD 114.21 bn During 2020-2024 | Key Geographies that will Drive Growth

Online Gambling Market:Type Segment Highlights

  • Type Segmentation: Lottery, Betting, Casino
  • The lottery segment to dominate the online gambling market during the forecast period.
  • Geographic Segmentation: APAC will offer several growth opportunities to market vendors during the forecast period. The introduction of bitcoin gambling will significantly influence online gambling market growth in this region.
  • 36% of the market’s growth will originate from APAC during the forecast period. China is the key market for online gambling in APAC. Market growth in this region will be faster than the growth of the market in other regions. 

Online Gambling Market to Post Incremental Growth of USD 114.21 bn During 2020-2024 | Key Geographies that will Drive Growth

Online Gambling Market: Competitive Analysis

  • The Online Gambling Market is concentrated due to the presence of few vendors.
  • Market vendors are focused on market expansion, innovations, and expansion of distribution networks.
  • 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., GVC Holdings Plc, INTRALOT SA, MGM Resorts International, and William Hill Plc are some of the major market participants. The rising popularity of the freemium model will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report 

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