Global Online Social Casino Market Overview:
Online social casino is web-based software or application that allows users to play casino games online with their online friends. It is becoming more popular among the youth in most of the developed countries as there is no risk of losing money or players don't get financial rewards or money to the winners.
- Growing Popularity of Casino Games among the Youth Population for Enjoyment or Entertainment
- Increasing Demand of Online Social Casino Games in Developed Countries
- Stringent Regulations or Ban on Playing Social Casino Games Due to Risk of Gambling Problems
- High Growth of Social Game Applications Across the Globe Due to Increasing Number of Internet and Smartphone Users
- Limited Social Interaction and High Transaction Fees by the Online Casino Game Providers
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Ocean Social Casino (United States), Greentube (Novomatic) (Austria), NetEnt (Sweden), Microgaming (United Kingdom), Videoslots (Malta), Quickspin (Sweden), Playtech plc (United Kingdom), Play'n Go (Sweden), International Game Technology PLC (United Kingdom), Sportradar AG (Switzerland) and BetSoft (Malta). Considering Market by Platform, the sub-segment i.e. Web-based will boost the Online Social Casino market. Considering Market by Operating System, the sub-segment i.e. Android will boost the Online Social Casino market.
What Can be Explored with the Online Social Casino Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Social Casino Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Social Casino
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Social Casino market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Social Casino market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Online Social Casino Software Providers, Online Social Game Developers and Social Gaming Companies, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Online Social Casino Market?
The Online Social Casino market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Online Social Casino Market?
Top performing companies in the Global Online Social Casino market are Ocean Social Casino (United States), Greentube (Novomatic) (Austria), NetEnt (Sweden), Microgaming (United Kingdom), Videoslots (Malta), Quickspin (Sweden), Playtech plc (United Kingdom), Play'n Go (Sweden), International Game Technology PLC (United Kingdom), Sportradar AG (Switzerland) and BetSoft (Malta), to name a few.
3. What trending factors would impact Online Social Casino Market growth most?
"Development of Innovative Online Social Games and Emerging Trend of 3D Slots and Interactive Casino Games" is seen as one of major influencing trends for Online Social Casino Market during projected period 2020-2026.