The Wealth Expansion in the APAC Region Has Bolstered the Growth of the Global Online Gambling Market

Wed, 24 November 2021 4:55

The Global Online Gambling Market is witnessing a surge due to the increasing digitalization among the emerging and developing countries. Additionally, the legalization of online gambling along with some favouring government regulations has bolstered the growth of the market. Further, the surge in internet penetration across all the regions and the availability of advanced infrastructure has led to higher penetration of the games. Besides, it's easy to use interface, use of real and digital money, support of differential language, different currencies, and presence in numerous locations has fostered the growth of the market. However, the increasing number of cybercrimes and strict government regulations in certain countries have restrained the growth of the market.

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  • The Global Online Gambling Market is expected to grow from USD 51.8 Billion in the year 2019 to USD 139 Billion 2027 at a compound annual growth rate (CAGR) of 12% in the forecast period.
  • Europe dominates the Online Gambling Market on account of the presence of favourable technical infrastructure, a higher number of fintech companies, and the presence of major players.
  • The Asia Pacific to exhibit the fastest growth in the Online Gambling Market due to the legalization in certain countries, the emergence of digital technology, and higher adoption latest technologies
  • The sports betting segment caters to the highest markets share among the different types of the Global Online Gambling Market
  • The desktop segment caters to the highest markets share among the different devices in the Global Online Gambling Market

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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