Press release
Tanzania Gaming Market (2023-2029) | Growth, Industry, Share & 6Wresearch
Tanzania Gaming Market grew significantly before the COVID-19 pandemic on account of increasing sports betting stations, mobile money subscriptions, and internet users in the country. In 2020, due to the COVID-19 pandemic, the gaming market negatively impacted retail sports betting due to the closure of public places in the country. However, the retail market recovered with ease of restrictions. Further, the evolution of smartphones and high internet penetration along with sports events such as the Qatar FIFA World Cup and Tunisia Ligue Profession Nelle 1 contributed to the growth of the gaming market.
According to 6Wresearch, the Tanzania gaming market size is projected to grow at a CAGR of 10.6% during 2023-2029. The market is expected to witness significant growth in the coming years on the back of government initiative to boost internet penetration in the rural areas of Tanzania by constructing fiber-optic infrastructure along with increasing the youth population i.e., 15-34 years to 27.7 million by 2030 from 22.9 million in 2020 would bolster the market revenues of gaming in the future. Moreover, Vodacom Tanzania is developing fiber-optic cable infrastructure with an investment of US$10 million in the rural part of the country in order to enhance internet connectivity, thereby contributing to the demand of the gaming market. In addition, the Tanzania government has set a target to achieve 80% of internet access of the total population by 2025 with the construction of optical fiber up to 15,000 km under the national fiber grid initiative. The government of the nation is effectively contributing to the Tanzania Gaming Market Growth.
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Market by Type
Sports Betting is anticipated to grow at a faster pace during the forecast period as the people in Tanzania are passionate about sports, especially football, and cricket, and follow local and international leagues closely.
Key Highlights of the Report
Tanzania Gaming Market Overview
Market Opportunity Assessment By Type
Tanzania Gaming Market Outlook
Tanzania Gaming Market Forecast
Market Opportunity Assessment By Channel Type
Market Drivers and Restraints
Historical Data and Forecast of Tanzania Gaming Market Revenues, for the Period 2019-2029F
Historical Data and Forecast of Tanzania Online Gaming Market Revenues, By Type, for the Period 2019-2029F
Historical Data and Forecast of Tanzania Gaming Market Revenues, By Type, for the Period 2019-2029F
Historical Data and Forecast of Tanzania Land-Based Gaming Market Revenues, By Type, for the Period 2019-2029F
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