Playing Market Will Have Unfavourable Affect in 2020-2024 Analysis Report by Technavio

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LONDON–(BUSINESS WIRE) – Technavio has monitored the gambling market and operates under the discretion of the consumer. The latest report on the gambling market, 2020-2024, estimates that over the forecast period it will see incremental growth of $ 231.63 billion with an annual growth rate of over 5%. The report provides an up-to-date analysis of the current market scenario, the latest trends and drivers, as well as the overall market environment.

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The market is fragmented and the degree of fragmentation will accelerate over the forecast period. Competitors must focus on differentiating their product offerings with unique value propositions in order to gain a foothold in the market. Market providers must also take advantage of the existing growth prospects in the fast growing segments while maintaining their position 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 the company's key market participants.

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The widespread use of smartphones has made a significant contribution to the growth of the market. However, the ban on gambling advertising could hamper market growth.

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Gambling Market 2020-2024: Segmentation

The gambling market is divided as follows:

Based on geographic segmentation, over 42% of market growth during the forecast period came from APAC. The increasing establishment of casinos will have a significant impact on the growth of the gambling market in this region. In addition, the increasing prize money in lottery games led to growth in the lottery segment. This report provides an accurate prediction of the contribution of all segments to the growth of the gaming market size.

  • Art

  • Geographical landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

  • platform

Gambling Market 2020-2024: Scope

Technavio provides a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The gambling market report covers the following areas:

  • Size of the gambling market

  • Gambling Market Trends

  • Industry analysis for gambling markets

This study identifies the use of AI in online gambling as one of the main drivers of the gambling market's growth over the next few years.

Technavio suggests three forecast scenarios (optimistic, likely and pessimistic) that take into account the effects of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacts on 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 support the growth of the gaming market over the next five years

  • Estimate the size of the gambling market and its contribution to the parent market

  • Predicting upcoming trends and changes in consumer behavior

  • The growth of the gambling market

  • Analysis of the competitive landscape of the market and detailed information on providers

  • Full details on factors that will challenge the growth of the gambling market, providers

Related Consumer Discretionary Reports Include:

Global market for casinos and gambling– The casino and gambling market is segmented by platform (offline and online) and geographic location (APAC, Europe, MEA, North America and South America). Click here for an exclusive free sample report

Global online gambling market– The online gambling market is broken down by type (lottery, betting and casino), device (desktop and mobile) and geography (APAC, Europe, MEA, North America and South America). Click here for an exclusive free sample report

Table of Contents:

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market size

  • 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

  • Newcomer threat

  • Threat from substitutes

  • Threat of rivalry

  • Market condition

Market segmentation by type

  • Market segments

  • Comparison according to 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

Geographical 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

  • Major leading countries

  • Market opportunity by geography

Drivers, challenges and trends

  • Market leader

  • Volume drivers – demand-driven growth

  • Volume drivers – supply-oriented growth

  • Volume Driver – External Factors

  • Volume driver – shift in demand in adjacent markets

  • Price driver – inflation

  • Price drivers – change from cheaper to higher-priced units

  • Market challenges

  • Market trends

Supplier landscape

  • overview

  • Sales landscape

  • Landscape disturbance

Supplier analysis

  • Provider covered

  • Market positioning of providers

  • 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 consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights that companies can use to identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio's report library includes more than 17,000 reports and 800 technologies from 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's extensive coverage, research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.