Global Online Gambling and Betting Market: Betting Companies to Bet on Entry into Smartphone Apps
According to a research report released by Transparency Market Research, the overall competitive landscape in the global online gambling and betting market is expected to become consolidated after experiencing a growth in the number of mergers and acquisitions. The nature of the market leaves very little scope for service differentiation which is currently restricting the entry for new players. Furthermore, the policies and regulations surrounding online gambling and betting are also highly stringent in several regions, leaving little scope of growth for new entrants. The global online gambling and betting market is expected to reach US$96.89 bn by 2024. The market is projected to expand at a CAGR of 10.8% from 2016 to 2024, and is expected to reach US$42.63 bn by the end of 2016.
Get PDF Sample of This Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2662
Online Gambling and Betting Companies Counting on Growing Scope of Smartphone Gaming
There is a clear increase in the number of consumer electronics being used by the day in all countries and across all economic levels. The growing number of consumers using smartphones, tablets, and other portable electronic media and entertainment devices are currently a high priority demographic for the global online gambling and betting market. A TMR analyst states, “The expansive scope of consumer reach that these players can achieve through the use of smartphone apps alone is strong enough for them to consider creating standalone gambling and betting portals for mobile users. This allows the global online gambling and betting market to generate a staggering amount of income from users that like to play or bet using their smartphone on the go, rather than having to access websites on PCs or kiosks.”
Other factors driving the global online gambling and betting market include the incorporation of VR devices into online gambling games as a means to attract greater consumers with higher disposable incomes, and the added marketing attempts to bring conventional gamblers towards the online portals.
Multiple Key Regions Still Not Relenting Regulatory Pressure on Legal Gambling
One of the leading restraints acting on the global online gambling and betting market currently is the heavy regulatory pressure acting on the players based in the regions of North America, The Middle East, and Asia Pacific. The U.S. especially is a highly potent region for the global online gambling and betting market in terms of consumer pool, but is under extremely strict prohibitions and regulatory restrictions over the use and operation of online betting and gambling portals. As for The Middle East and Asia, the Muslim-dominated nations severely frown down on gambling or betting of any kind. However, the regulatory pressure on online gambling is expected to ease up over the coming years in the U.S. as their numbers and demand grow and present better tax return options to the states.
View Our Report @ https://www.transparencymarketresearch.com/online-gambling-betting.html
“The immediate future of the global online gambling and betting market lies in the incorporation of online betting portals with live streaming of sports or games. This caters to a growing demand by users for a real-time sports streaming as well as betting choice. Another significant area of opportunities for the global online gambling and betting market lies in the inclusion of gamification strategies,” adds the analyst.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The companyРђЎs exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMRРђЎs experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMRРђЎs 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.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Global Online Gambling and Betting Market: Betting Companies to Bet on Entry into Smartphone Apps here
News-ID: 1077998 • Views: 493
More Releases from Transparency Market Research Reports
Acrolein Market Outlook, Competitive Landscape And Forecasts To 2024
Acrolein, also known as 2-propenal is the simplest unsaturated aldehyde. It’s a colourless liquid and exhibits a disagreeable acrid smell.. Acrolein is manufactured from petrochemical feedstocks such as propylene and glycerine. Acrolein is primarily used as an important intermediate and a specialty chemical. Acrolein is rapidly gaining importance due to its versatile use in plastic and paint industries. One of the most widely used industrial methods of preparing acrolein involves
Polycyclohexylenedimethylene Terephthalate (PCT) Market Set For Rapid Growth And …
Polycyclohexylenedimethylene terephthalate (PCT) is typically a thermoplastic polyester produced from the polycondensation of cyclohexylene-dimethanol and terephthalic acid. The chemical structure of polycyclohexylenedimethylene terephthalate (PCT) is quite similar to that of polyethylene terephthalate (PET). Moreover, the properties of polycyclohexylenedimethylene terephthalate (PCT) such as dimensional stability and chemical resistance are same as that of polyethylene terephthalate (PET). Furthermore, PCT is principally resistant to hydrolysis and high temperatures. Owing to all such properties,
Sulfur Chemicals Market Outlook, Competitive Landscape And Forecasts To 2024
Global Sulfur Chemicals Market: Overview The growing demand for sulfur chemicals in various end use industries such as the food, wine, pharmaceuticals, oil and gas, agriculture, detergents, and bio chemical processes is aiding the expansion of the global sulfur chemicals market. Sulfur chemicals are also vital ingredients in fertilizers. They are used in the vulcanization of black rubber, for plaster production in the construction industry, and for the treatment of
Urethane Adhesives Market To Receive Overwhelming Hike In Revenues By 2024
Global Urethane Adhesives Market: Brief Description Urethane adhesives are referred to as materials which are moisture curing and have a single cure and component when they are unprotected in the presence of moisture either in substrate or in the atmosphere. During the process of the cure, a little amount of carbon dioxide is given out in the atmosphere which further has no effect on the bonding process. Urethane adhesives are elastic
More Releases for Betting
Global Betting Market Size, Status and Forecast
This report focuses on the global Betting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Betting development in United States, Europe and China. Betting is the action of gambling money on the outcome of a race, game, or other unpredictable event. In 2017, the global Betting market size was xx million US$ and it is expected to reach xx million US$
Online Gambling and Betting Market
William Hill PLC, Playtech PLC, and Paddy Power Betfair PLC were the dominant players in the global online gambling and betting market for 2015. The market had also seen the names Amaya, Inc., and Ladbrokes Coral Group PLC marked as highly promising players expected to generate larger shares for themselves over the coming years. According to a research report released by Transparency Market Research, the overall competitive landscape in the global
At the point when the excite of normal wagering has gone, you have turned from punter to genuine games speculator, and you might want to spend your ends of the week stuck to a PC screen chipping away at something truly mischievously troublesome yet perhaps unpleasantly lucrative, then, dear companion, the time has come to give arbitrage a go. Arbitrage, you say, yes... I caught wind of that from my
Sim Betting Football Kickstarter campaign launched
London, UK – Independent game developer Vindicta Games launched a Kickstarter campaign to fund the development of its first project Sim Betting Football, the only football betting simulation game. GAME Sim Betting Football is an unique and innovative video game which revisits and revamps classic football simulation games by offering gamers a totally new perspective. At first the game might look like a classic football management game. There are tens of leagues, hundreds
Soshobet Launches Freestyle Social Betting On Facebook
Dusseldorf, Germany (December 7th, 2010) - Soshobet launches a unique, freestyle social betting service for Facebook users to share those “I bet you...” moments with their friends and family. “Freestyle betting lets you bet any stake, on any outcome, with any of your friends,” said Phil Jeffery, co-founder. “And by building social into the core of the product, we can open up the friendly betting scenario in a way that’s not
Growth Company Spread Betting by Vince Stanzione
While many commentators have focused on the massive rebound in global stock markets since the 2009 lows, the spectacular rise in the prices of industrial metals has been overlooked The main industrial metals I’d like to draw attention to are copper, nickel, aluminium and zinc, with copper, which has rebounded by more than 165 per cent in just over 12 months, being my main focus. Growth Company Spread Betting by Vince Stanzione: