Europe Leads the Way for Online Gambling and Betting Platforms
Online gambling and betting consists of a wide range of games including poker, casino games, sports betting and also lotteries including others. The industry offers these games via a digital environment and users can play them in real time using their PCs or increasingly, their mobile devices.
The online gambling industry has expanded at a remarkably fast pace over the past 10 years or so, and this is because of a number of compelling reasons. One reason is that people are increasingly opting to gamble on the internet because this is the most convenient and cost effective medium. Another important reason is that many countries are putting laws in place to regulate internet-based gambling. Having a proper regulatory environment in place is very important for the online gambling industry. Furthermore, many well-established land based gambling operators are opting to take their businesses online.
The European markets are particularly important for the online gambling industry since operators here have taken to the industry in a big way. The Asia Pacific market trails behind it because of the lack of uniformity of regulatory regimes.
This report offers a detailed analysis of the worldwide gambling and betting market divided on the basis of geography and game type. The different types of games are casino, poker, lottery, bingo, social gaming, sports betting and fantasy sports. Each of these types of games has also been analysed based on different geographies.
Geographical Evaluation of International Online Gambling and Betting Market
The online gambling market has been divided into European, Asia-Pacific, North American, South American, and Middle East & Africa (MEA) markets. Europe is segmented into the United Kingdom (includes the Isle of Man), France, Germany, Spain, Italy, Malta, Gibraltar, and Rest of Europe. The Asia Pacific market is segmented into Australia, China, Japan, Philippines and Rest of Asia-Pacific. The North American market is divided into the United States, Canada and Rest of North America. South America is split into Brazil and the Rest of South America. The MEA market is further segmented into South Africa, Nigeria and the Rest of MEA.
Scope of the Report
The study provides valuable insight into the reasons for the growth of the online gambling industry and also the factors that hold it back. The focus has been on current market trends, future growth opportunities, in addition to developing strategies to help expand the industry. The study also provides revenue forecasts for each segment.
An important part of the study is the market share of important players. It is very important to understand the market position of leading players and also the place they occupy in the competition matrix. There is also a section on the evolution of the industry. Also included is Porter’s Five Forces Analysis on the overall industry.
The report studies a number of important industry players and bigwigs such as Net Entertainment, GVC Holdings Ladbrokes Coral Group, 888 Holdings, William Hill, Fortuna Entertainment Group, Kindred, Playtech, Amaya, and Paddy Power Betfair. It includes SWOT analysis on each of these companies along with detailed financial information.
The report was made by Transparency Market Research (TMR), a leading market intelligence firm that undertakes valuable business information studies. It provides trend analysis and detailed forecasting so that decision makers can have all the tools necessary to make the right choices. The company employs a team of experienced and highly qualified researchers, consultants, and analysts. It also makes use of the latest tools to collect and analyse data. Overall, this is a reliable source of information for businesses and it helps them retain competitiveness in increasingly difficult markets.