LONDON--(BUSINESS WIRE)--Technavio has been monitoring the sports betting market and it is poised to grow by USD 125.18 billion during 2019-2023, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 888 Holdings Plc, bet365, Churchill Downs Inc., Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, and William Hill Plc. are some of the major market participants. The legalization of sports betting will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Legalization of sports betting has been instrumental in driving the growth of the market.
Sports Betting Market 2019-2023: Segmentation
Sports Betting Market is segmented as below:
-
Platform
- Offline
- Online
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Sports Betting Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our sports betting market report covers the following areas:
- Sports Betting Market Size
- Sports Betting Market Trends
- Sports Betting Market Industry Analysis
This study identifies emergence of machine learning in sports betting as one of the prime reasons driving the sports betting market growth during the next few years.
Sports Betting Market 2019-2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the sports betting market, including some of the vendors such as 888 Holdings Plc, bet365, Churchill Downs Inc., Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, and William Hill Plc. Backed with competitive intelligence and benchmarking, our research reports on the sports betting market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Sports Betting Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist sports betting market growth during the next five years
- Estimation of the sports betting market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the sports betting market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sports betting market vendors
Table Of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Platform
- Market segments
- Comparison by Platform placement
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Platform
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 888 Holdings Plc
- bet365
- Churchill Downs Inc.
- Flutter Entertainment Plc
- GVC Holdings Plc
- Kindred Group Plc
- Sportech Plc
- The Stars Group Inc.
- Webis Holdings Plc
- William Hill Plc
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
