LONDON--(BUSINESS WIRE)--Technavio has been monitoring the gambling market, operating under the Consumer Discretionary. The latest report on the gambling market, 2020-2024 estimates it to register an incremental growth of USD 231.63 billion, at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the 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. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 888 Holdings Plc, bet365 Group, Caesars Entertainment Corp., Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, Las Vegas Sands Corp., MGM Resorts International, and William Hill Plc are among some of the major market participants.
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High penetration of smartphones has been instrumental in driving the growth of the market. However, the ban on gambling advertisements might hamper the market growth.
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Gambling Market 2020-2024: Segmentation
The gambling market is segmented as below:
Based on geographic segmentation, over 42% of the market’s growth originated from APAC during the forecast period. The increasing establishment of casinos will significantly influence gambling market growth in this region. In addition, the increasing prize money of lottery games led the growth under the lottery segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the gambling market size.
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Type
- Lottery
- Betting
- Casino
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
-
Platform
- Offline
- Online
Gambling Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gambling market report covers the following areas:
- Gambling Market Size
- Gambling Market Trends
- Gambling Market Industry Analysis
This study identifies the use of AI in online gambling as one of the prime reasons driving the gambling market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Gambling Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist gambling market growth during the next five years
- Estimation of the gambling market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the gambling market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the gambling market, vendors
Related Reports on Consumer Discretionary Include:
Global Casinos and Gambling Market- The casinos and gambling market is segmented by platform (offline and online) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Online Gambling Market- The online gambling market is segmented by type (lottery, betting, and casino), device (desktop and mobile), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
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 2020 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Lottery - Market size and forecast 2020-2024
- Betting - Market size and forecast 2020-2024
- Casino - Market size and forecast 2020-2024
- Market opportunity by Type
Market Segmentation by Platform
- Market segments
- Comparison by Platform placement
- Offline - Market size and forecast 2020-2024
- Online - Market size and forecast 2020-2024
- Market opportunity by Platform
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2024
- APAC - Market size and forecast 2020-2024
- Europe - Market size and forecast 2020-2024
- South America - Market size and forecast 2020-2024
- MEA - Market size and forecast 2020-2024
- 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 Group
- Caesars Entertainment Corp.
- Camelot UK Lotteries Ltd.
- Flutter Entertainment Plc
- Galaxy Entertainment Group Ltd.
- INTRALOT SA
- Las Vegas Sands Corp.
- MGM Resorts International
- William Hill Plc
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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