Online Gambling Industry Will Reach $94.4 Billion by 2024

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May 3, 2008
In-Depth Analysis on Global Online Gambling Shows the Industry Will Reach $94.4 Billion by 2024

A newly published report on Online Gambling & Betting Market shows a skyrocketing growth. The Global Industry Perspective, Comprehensive Analysis and Forecast for the period of 2017 until 2024 which investigated key trends, major company profiles, opportunities and major growth factors show that the industry will be growing in the next few years, thanks to operators and game software developers' success and players' interest. By 2024, the expectations and predictions are that the global online gambling market will achieve $94.4 billion!

The analysis was done by component (service, software and hardware) and by game form (horse racing betting, bingo, sports betting, poker, lottery, casino and others).

The Analysis

The 110-page report includes market definition, applications, classification, uses, product specifications, cost structures, manufacturing processes and other things. The research analysed regional market conditions, including capacity, profit, product price, production, demand and supply and market forecast and growth rate. This in-depth assessment provides an insight into challenges, restraints, market drivers, key trends, deployment models, standardization, opportunities, strategies, value chain and company profiles.

The report scope table offered shows that the base year for estimation was 2017, while the actual estimates or historical data comes from 2016 to 2017. The forecast period span is from 2017 until 2026. It represents the revenue in USD and CAGR in a ten-year span. The regional scope includes the Middle East, Africa, Asia Pacific, Latin America, North America and of course, Europe. By country scope, the analysis was made on the UK, the US, Mexico, South Africa, France, Canada, Italy, Brazil, India, Japan, and China markets. The report, as mentioned, covers revenue forecast, competitive landscape, company share, emerging segments, financial measurements, growth, a vision of future and strategic overview. Among the leading companies involved in the analysis, we can mention Playtech, NetEnt AB, William Hill Plc, GVC Holdings Plc, Paddy Power Betfair Plc, Hong Kong Jockey Club, 888 Holdings Plc and Bet365 Group Ltd.

To come up with real and legit results, the investigators used different methods, such as a qualitative analysis that involved vendor briefings, primary interviews, and surveys. However, they also validated the data gathered through experts' opinions. A detailed study of macro and microeconomic indicators of the market was also conducted.

Zion Market Research was the company who conducted all this research, by first collecting data, then by doing in-depth interviews with major opinion leaders to validate the findings and to understand key trends.

The Benefits the Report Offers to the Industry

There are several benefits the industry gets thanks to this research. The global online gambling and betting market size and share assessments for country and regional level segments are thoroughly analysed, so this report gives insights into the threats, constraints, challenges, global market growth and investment opportunities and investments that should be considered in the future. Since the report also gives forecasts for the next 5 years, courtesy of the historical data of the aforementioned segments and sub-segments, the industry can inspect the competitive landscaping and map the key trends.

The report also serves for major companies profiling with their recent developments, financials and detailed strategies, and offers strategic recommendations for newly founded companies and start-ups. It also helps supply chain trends, mapping the latest tech advancements and gives strategic recommendations in different business segments based on the market estimations.

But this report also helps the consumers in better understanding the online gambling industry in terms of definition and key trends and challenges that some regions face. To understand the findings better, the researchers have reported the findings with simple graphs, pie charts and diagrams, and have made them easy to read.

About Zion Market Research

Zion Market Research is a reliable, trustworthy market research company providing people with cutting-edge, futuristic and informative reports from different industries. The company offers its customers access to their database and gives them expert insights on global industries and market trends.

The company’s team of industry analysts, consultants and domain experts helps in delivering excellence in all of the researches they conduct, thanks to their global experience. Zion Market Research's aim is providing in-depth, high-quality market research reports which are easy to follow and help their clients get clarity on the trends and future developments of a certain industry. The detailed information helps clients make efficient and worthy strategic business decisions that will bring them success in the future.
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