LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global online gambling market is expected to accelerate at a CAGR of almost 11% during the forecast period. The growing demand for mobile gambling is one of the key factors triggering the growth of the market.
This research report titled ‘Global Online Gambling Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global online gambling market into the following types:
- Lottery
- Betting
- Casino
In 2017, the casino segment accounted for 45% of the global market and is projected to decline to 42% by 2022, exhibiting almost 3% decrease in market share.
Global online gambling market: Top emerging trend
The introduction of bitcoin gambling is an emerging trend in the online gambling space. Bitcoin is a type of cryptocurrency that allows peer-to-peer payments on the Internet. With the growing popularity of bitcoins, many vendors are adopting gambling with the use of bitcoins as a currency. This is due to the advantages offered by cryptocurrency over normal currency. Cryptocurrency can be used for cross-border transactions. The fee involved with normal currency is usually higher than cryptocurrency. Furthermore, bitcoin transactions are secure and much faster than the normal currency. Vendors like Bitcasino.io, Slots.lv, Ignition, and Bovada offer bitcoin gambling.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Online Gambling Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by type (lottery, betting, and casino)
- Market segmentation by device (mobile and desktop)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (888 Holdings, Bet-At-Home.Com, Gvc Holdings Plc, Paddy Power Betfair, William Hill)
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