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A Report on Global Online Gambling Forecasts the Industry Reaching $94.4 Billion by the Year 2024
- March 6, 2019 By Oliver Young -
Zion Market Research, a market research company, has made an in-depth analysis on the Global Online Gambling Market. This is a renowned and trustworthy research company whose goal is providing customers with futuristic, informative reports for market research in different industries.
The findings reveal that the iGaming industry will reach a staggering $94.4 billion in the next five years. The Global Industry Perspective, Comprehensive Analysis and Forecast report investigated opportunities, major company profiles, key trends and growth factors and found that the industry will reach a skyrocketing growth.
The analysis investigated the industry by game form (bingo, horse racing, sports betting, lottery, casino, poker and others) and by component (software, service and hardware). In the 110-page report, Zion Market Research describes the market in terms of definition, uses, applications, classification, cost structures, product specifications and manufacturing processes. The analysis was done on production, product price, demand, market forecast and growth rate, supply, capacity and other regional market conditions.
The base year for estimation was 2015, and the historical data or estimates come from 2016 to 2017. The report presents the revenue in CAGR and USD for the forecast period of 2017 until 2026. The regional scope included North America, Europe, Latin America, Asia Pacific, the Middle East and Africa, or by country Mexico, the UK, the US, France, Italy, Canada, South Africa, Brazil, China, India and Japan.
The companies included in the analysis were the top-tier online casino software developers NetEnt AB and Playtech, but also popular operators like GVC Holdings Plc, Paddy Power, 888 Holdings Plc (888Casino) and William Hill Plc, among other leading companies.
The researchers used several methods to get to legit findings. A qualitative analysis that involved surveys, primary interviews and vendor briefings was conducted, as well as data validation by experts. In addition, they conducted a detailed study of micro and macroeconomic indicators of the market. Finally, the researchers made interviews with essential opinion leaders to validate the data and the findings.
The Importance of the Findings
The assessment of the market is helpful for both players and the industry. It provides insight into key trends, standardization, threats, challenges and restraints, opportunities, market drivers, strategies, company profiles, value chain, revenue forecast, competitive landscape, emerging segments and a vision for the future.
The industry can benefit from it because the researchers analysed the market size and share assessments for regional and country segments, giving insights on global market growth, investments and opportunities for investments to be considered in the future. It also helps in the mapping of key trends and competitive landscaping. In addition, with the companies’ profiling and in-depth analysis on their financials, recent developments and strategies, the findings offer newly established companies or startups strategic recommendations in different business aspects based on the market estimations.
Players, on the other hand, can benefit from this report because it provides them with a way to better understand the online gambling industry by definition and key trends. The report was presented with simple diagrams, pie charts and graphs, with the aim to make it easier for the players to read it and understand it.