Global Online Gambling Market exploring future growth and trends by 2026

Global Online Gambling Market exploring future growth and trends by 2026

The online gambling market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The global online gambling market is estimated to witness tremendous revenue growth over the coming years due to an upsurge in smartphone adoption and improving internet infrastructure across the world. Additionally, convenient and easy accessibility to online casino gaming platforms would also complement the overall market outlook over the analysis time period.

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With regards to type, online poker has garnered substantial popularity, majorly amongst the younger population. Online poker has gradually witnessed a rising acceptance across the UK, U.S., China, and some European countries. The segment is also estimated to witness tremendous expansion in India through the coming years. Rummy is among the most played card games across the global gambling sector. In fact, the increasing traction and popularity of this game have resulted in the development of several online platforms, enabling players from different parts of the world to participate in the game. Furthermore, several gaming sites accept player deposits in the form of virtual currencies, credit cards, and online wallets, which is further playing a major role in segment expansion.

In terms of the device type, an increasing number of players are accessing gambling platforms through their smartphones today, which is changing the online gambling market significantly. In fact, as per the WARC (Web ARChive), as of 2019, about two billion people surfed the internet using their smartphones. Online gamblers majorly utilize smartphones to play games and win real money. Increasing promotional efforts by online gambling platforms on various social media platforms like Facebook, YouTube, and Instagram are projected to increase the overall market size.

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On the regional front, the Asia Pacific online gambling market witnessed a significant upsurge in the industry recently due to the coronavirus pandemic. The strict lockdowns imposed by regional government authorities were responsible for majorly driving the adoption of online betting among APAC customers. In fact, according to the reports of illion Australia and AiphaBeta Australia, Australia witnessed a tremendous 67% rise in online gambling back in April 2020, after the country closed every non-essential service in Australia to keep the case count low. Likewise, the closing of land-based casinos has further resulted in a significant upsurge in the players using online casinos in countries like India.

The competitive landscape of the online gambling market is inclusive of players such as Paddy Power Betfair PLC, BET 365, 888 Holdings PLC, The Stars Group, GVC Holdings PLC, Fortuna Entertainment Group, and Kindred Group among others.

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