Published on : Dec 04, 2017
ALBANY, New York, December 04, 2017: The report “Global Online Gambling Market: Industry Analysis & Outlook (2017-2021),” recently added to the portfolio of ResearchMoz.us covers the present growth dynamics of the global market for online gambling, a highly promising arm of the global gambling industry that seeks to exploit the growth opportunities that the increased proliferation of mobile devices is offering across the globe. The report provides a detailed and expansive overview of the present and past trends and a prospective future growth dynamics of the market.
The report states that the market is likely to expand at a promising pace in the next few years, with the mounting rise in the number of smartphone users across the globe acting as a key driver. The increased demand for internet of things and the rising number of mobile gamers are also providing promising growth opportunities to the global online gambling market. Some of the key trends observed in the global online gambling market highlighted in the report are the massive rise in women gamblers on the online platform, consolidation of the vendor landscape, notable transformations in gambling habits of the global consumer, increased usage of alternative revenue options, and technological advancements in terms of graphics and ease of operations.
While all these factors could drive the market, there are also a few factors that could restrict the growth of the global online gambling market to a certain extent. These include the increased numbers of stringent regulations abiding the field of gambling in general, security concerns, and high rate of taxes.
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The report segments the global online gambling market into four segments on the basis of game time: betting, casino, poker, and other varieties that include bingo, lotteries, and social gaming. The report also includes a detailed analysis of growth opportunities from a geographical standpoint. For this, the report examines the growth prospects of the market for online gaming across regions such as North America, Europe, Asia, and Middle East and Africa.
The report states that the market in Europe is presently the key contributor of revenue to the global market owing chiefly to the high disposable incomes and the high population of smartphone users. The market in Asia is also highly promising owing to the increased proliferation of advanced technologies, an increased rate of digitization, the mounting rise in population of smartphone users, and increased access to high speed internet. Additionally, increasingly lenient regulations will also help the Asia market for online gambling expand at a promising pace in the next few years.
The report also gives an overview of other key drivers, restraints, and trends and the way they are expected to influence the overall development of the market in the next few years. A detailed overview of the market's regulatory framework and competitive landscape is also included in the report. Detailed business profiles of some of the market's notable players is also given, which include William Hill Plc., 888 Holdings Plc., Paddy Power Betfair Plc., and Kindred Group Plc.
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