Press release
Pressure on Governments to Legalize Online Gambling and Betting to Drive Global Market
The global online gambling and betting market is primarily being driven by an increasing adoption of high-speed internet services in mobile devices. The overall demand for live streaming of sports and games videos through online portals and mobile devices is growing at a very high rate and provides players from the global online gambling and betting market the opportunity to integrate their betting services into live streams directly, further enhancing the growth rate of the market. Currently, the global online gambling and betting market comprises players that primarily providing online gambling and betting platforms and gaming solutions. Meanwhile, progress is being made into developing comprehensive online gambling and betting solutions that allow for better user interface and interactions, and provide an enhanced user experience.
Obtain Report Details @
http://www.transparencymarketresearch.com/online-gambling-betting.html
The global online gambling and betting market is expected to reach US$96.89 bn by the end of 2024. The market is projected to expand at a CAGR of 10.8% from 2016 to 2024. By the end of 2016, the global online gambling and betting market is expected to reach US$42.63 bn.
Europe Reigns Supreme in Provision of Online Betting and Gambling Platforms
From a regional perspective, Europe held the leading share in the global online gambling and betting market in terms of revenue for 2015. This region in marked by the presence of a large number of online operators for gambling and betting, and several of its countries hold favorable regulatory environments conducive to the growth of the market. The U.K. is especially expected to play a key role the European market, followed by Malta. Additionally, Asia Pacific is expected to contribute a steady revenue stream in the global online gambling and betting market over the coming years, due to a growing demand for online betting and gambling portals and the easing up of regulatory norms for these online portals. The market for global gambling and betting in Asia Pacific is expected to expand at a CAGR of 12.9% in terms of revenue, from 2016 to 2024.
Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2662
Conversely, a heavy restriction on online gambling and betting in the U.S. has resulted in a severe loss for market players in North America. This region is expected grow at a much slower pace than others. Over the coming years, the relaxation of stiff regulations for online betting and gambling is expected to result in an upswing in their demand in states such as Nevada, Delaware and New Jersey. The Middle East & Africa (MEA) region and South American countries are expected to contribute very low revenue to the global online gambling and betting market for the foreseeable future.
Online Casino Services Show High Revenue Generation
Based on the types of games, casino services segment held the leading share in the global online gambling and betting market – a hefty 26.4% of its revenue – in 2015. On the other hand, sports betting is expected to surge over the coming years due to a higher rate of adoption of live sports betting by multiple players. Online Lottery and poker are also likely to be potentially beneficial to the overall market’s growth rate. A large number of users are showing a demand for better gaming experience and also hold higher disposable incomes to spend.
Gambling and betting operators are currently evolving with the adoption of online platforms and their preference over traditional, physical operations. In 2015, the global online gambling and betting market was dominated by key names that included NetEnt AB, 888 Holdings PLC, GVC Holdings PLC, Fortuna Entertainment Group, Ladbrokes Coral Group PLC, William Hill PLC, Playtech PLC, Amaya, Inc., Kindred PLC, and Paddy Power Betfair PLC.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pressure on Governments to Legalize Online Gambling and Betting to Drive Global Market here
News-ID: 458131 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for PLC
Online Gambling and Betting Global Market 2020 | Major Kay Players – NetEnt AB …
WiseGuyRerports.com Presents “Global Online Gambling and Betting Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025” New Document to its Studies Database
The Online Gambling and Betting report provides an estimated valuation and analysis on a regional as well as a global level. A detailed research on the performance of the various market dynamics and its impact on the overall landscape in the present and future are explored in…
Online Gambling and Betting Market Size, Share and Revenue Analysis by NetEnt AB …
Global Online Gambling and Betting Market Size, Status and Forecast 2018-2025 Report presents the worldwide Online Gambling and Betting Market analysis with in depth study of manufacturers, region, type and application and its future scope in the industry till 2025.
Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning money or material…
Online Gambling Market Trends, Insights, Technology till 2025 NetEnt AB, GVC Hol …
Global Online Gambling Market Size, Status and Forecast 2018-2025 Report presents the worldwide Online Gambling Market analysis with in depth study of manufacturers, region, type and application and its future scope in the industry till 2025.
This report focuses on the global Online Gambling status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Online Gambling development in United States, Europe and China. In…
Online Gambling and Betting Market Outlook to 2023 – NetEnt AB, GVC Holdings P …
Oct 2018, New York, USA(News)- Online gambling (or Internet gambling) includes poker, casinos and sports betting. The first online casino was in 1994. Many countries restrict or ban online gambling, but it is legal in some provinces in Canada, most countries of the European Union and several nations in the Caribbean. In 1994, Antigua and Barbuda passed the Free Trade & Processing Act, allowing licences to be granted to organisations…
Pulmonary Drugs Market Continues Growth | 2018 Key Players are Meda Pharmaceutic …
The major manufacturers are focused towards development of new and innovative products with extensive R&D on pulmonary drugs. For instance, in 2017, Sanofi SA completed the phase II clinical trials in April 2017 of new drug Dupilumab in association with Regeneron Pharmaceuticals. The drug is indicated for the treatment of uncontrolled asthma in children and is expected to complete its clinical trial studies in January, 2021. Moreover, in 2017, Circassia…
Online Gambling Global Market 2018: Key Players – William Hill Plc., Paddy Pow …
Online Gambling Industry
Description
Wiseguyreports.Com Adds “Online Gambling -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database
Online Gambling refers to betting of money online on an event with an uncertain outcome. Online gambling is similar to gambling but the difference is that online gambling is betting on sports or casino over the internet. Online gambling is not limited to playing cards. It is a…
