DUBLIN--(BUSINESS WIRE)--The "Gambling Market by Type, Platform, and Geography - Global Forecast & Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The gambling market analysis considers sales from lottery, betting, and casino types. The study also finds the sales of gambling in APAC, Europe, North America, South America, and MEA.
In 2018, the lottery segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing prize money of lottery games will play a vital role in the lottery segment to maintain its market position.
The report looks at factors such as liberalization of regulatory frameworks, increasing betting on e-sports, and high penetration of smartphones. However, security and credibility issues associated with online gambling and ban on gambling in many countries may hamper the growth of the gambling industry over the forecast period.
High penetration of smartphones
The number of smartphone users is expected to cross 3.6 billion by 2023. This smartphone penetration is attributed to the declining average selling price (ASP) of smartphones and developments in communication network infrastructure. Moreover, users are rapidly shifting from desktop to mobile devices for playing casino games.
Smartphones are becoming one of the major platforms for online gambling as they provide ease of access to casino games and e-sports betting. This high penetration of smartphones will lead to the expansion of the global gambling market at a CAGR of almost 5% during the forecast period.
Use of AI in online gambling
Enterprises across various industries are implementing AI solutions to improve their business processes. Gambling operators are also incorporating AI technology into their online gambling websites to improve user experience.
Land-based casino operators are using AI to analyze the risk appetite behavior of the users, find the most lucrative player, and predict the winners and losers during casino games. This helps in deciding to provide incentives and freebies to users. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few significant players, the global gambling market is moderately concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading gambling manufacturers, that include:
- 888 Holdings PLC
- Bet365 Group Ltd.
- Caesars Entertainment Corp.
- Camelot UK Lotteries Ltd.
- Flutter Entertainment PLC
- Galaxy Entertainment Group Ltd.
- INTRALOT S.A.
- Las Vegas Sands Corp.
- MGM Resorts International
- William Hill PLC
Also, the gambling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Comparison by type
- Lottery - Market size and forecast 2018-2023
- Betting - Market size and forecast 2018-2023
- Casino - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY PLATFORM
- Comparison by platform
- Offline gambling - Market size and forecast 2018-2023
- Online gambling - Market size and forecast 2018-2023
- Market opportunity by platform
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
- Growing number of M&A
- Use of bitcoins in gambling
- Use of AI in online gambling
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- 888 Holdings PLC
- Bet365 Group Ltd.
- Caesars Entertainment Corp.
- Camelot UK Lotteries Ltd.
- Flutter Entertainment PLC
- Galaxy Entertainment Group Ltd.
- INTRALOT S.A.
- Las Vegas Sands Corp.
- MGM Resorts International
- William Hill PLC
For more information about this report visit https://www.researchandmarkets.com/r/sjvws6
