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Gambling Market Will Exhibit Negative Impact During 2020-2024 | Research Report by Technavio

·6-min read

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210120005801/en/

Technavio has announced its latest market research report titled Gambling Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Get the Latest Free sample report in Minutes

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.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

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.

  • 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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210120005801/en/

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