LONDON--(BUSINESS WIRE)--The online gambling market is expected to grow by USD 114.21 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the online gambling market in optimistic, probable, and pessimistic forecast scenarios.
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The online gambling market will witness a Positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Online Gambling Market Participants:
888 Holdings Plc
888 Holdings Plc will operate its business under B2C and B2B segments. The company offers casino, poker, bingo, and sports betting.
bet365 Group will operate its business under three segments, which include sports, in-play, and casino. The company offers online casino and poker games, including in-play and sports betting.
Betsson Ab will operate its business under various segments such as casino, sportbook, and other products. The company offers online betting in various sports.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/online-gambling-market-industry-analysis
Online Gambling Market 2020-2024: Segmentation
Online gambling market is segmented as below:
- North America
- South America
The online gambling market is driven by the rising popularity of the freemium model. In addition, other factors such as the introduction of bitcoin gambling is expected to trigger the online gambling market toward witnessing a CAGR of over 11% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.