What is Gambling?
The global gambling market can be primarily divided into two parts including on premise gambling as well as online platforms. Due to robust increase in availability of online gambling portals the global gambling market is expected to grow at significant growth rate. Moreover, the disposable incomes, international trades are continuously increasing which will assist in increasing demand for gambling. On the other hand the stringent regulations regarding gambling in many countries might hamper the physical gambling business.
The market study is broken down by Type (Betting, Casino and Lottery) and major geographies with country level break-up. and may see market size of USD525.0 Billion by 2026.
Global Gambling market was initially fragmented, but with the introduction to online gambling portals and presence of international as well as domestic players has made the global gambling market highly concentrated. Thus, number of manufacturers have started focusing on continuous innovations and upgradations to support digital platforms and sustain the intense competition in the global market. Some companies out of them have started expanding their businesses to developing countries such as India and China. Analysts at AMA Research estimates that Vendors from European and North American will contribute to the maximum growth of Global Gambling market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
888 Holdings (United Kingdom), Betfair (United Kingdom), Caesars Entertainment Corporation (United States), Camelot (United KIngdom), INTRALOT (Greece), Las Vegas Sands (United States), MGM Resorts International (United States), SJM Holdings Limited (Hong Kong), William Hill (United Kingdom), The Stars Group (Canada) and Bet365 (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BET-AT-HOME.COM AG (Germany), BetAmerica (United States), Betfred (United Kingdom), Betsson (Sweden), Draft Kings (United States), Ladbrokes Coral (United Kingdom) and Sports Toto Malaysia (Malaysia).
AdvanceMarketAnalytics has segmented the market of Global Gambling market by Type, Application and Region.
On the basis of geography, the market of Gambling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Platform, the sub-segment i.e. Land-Based will boost the Gambling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Gambling Regulation Act 2003 prohibits gambling as well as activities related to gambling unless the activities are authorized under Casino Control Act 1991. This law also provides license of gaming and gaming machines at approved venues and the casino.
- Increasing Video Gaming and Pro Gaming Competitions
- Escalating use of Digital Gaming
- Upsurging Popularity and Rising Number of Live Casinos
- Growing Number of Online Streaming Platforms
- Rising Prevalence of Online Gambling across the Globe
- Increasing Awareness about Online Gaming
- Physical Gambling requires ample Amount of Money
- Highest Probability of getting Financially Insolvent
- Introduction Casinos and Gambling may Probably Leads to Increase Drug Dealing and Prostitution in Respective Areas
Key Target AudienceGambling Service Providers, Gambling Service Distributors and Traders, Regulatory Authorities, Private Organizations, Government Agencies and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.