Press release
Social Casin*o Global Market Report 2024 - By Trends, Size, Share And Growth, Forecast To 2033
"The new report published by The Business Research Company, titled ""Social Casin*o Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the social casin*o market size has grown strongly in recent years. It will grow from $7.39 billion in 2023 to $7.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The social casin*o market size is expected to see strong growth in the next few years. It will grow to $11.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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Smartphone Proliferation Fuels Surging Growth In The Social Casin*o Market
The increase in the proliferation of smartphones is expected to propel the growth of the social casin*o market going forward. A smartphone is a portable electronic gadget with a cellular network connection. Smartphones help the social casin*o market to grow by providing boosters for enhanced performance, better display, and top-end specifications. For instance, in October 2021, according to The Economic Times, an Indian business newspaper, with a monthly average of 12 gigabytes (GB) per user, the rate of mobile data consumption in India was the highest in the world. Additionally, 25 million new smartphone users are being added to the country's population each quarter. Therefore, the increasing proliferation of smartphones is driving the growth of the social casin*o market.
Innovative Product Developments Reshaping The Social Casin*o Market Landscape
Product innovation is a key trend in gaining popularity in the social casin*o market. Major players in the social casin*o industry are concentrating on creating new products to improve their market share. For instance, in August 2022, Wind Creek Hospitality, a US-based gaming and hospitality entity company launched Casin*oVerse. Casin*oVerse is a social game that can be played for free without the need for in-app purchases or ""freemium"" features. The main feature of Casin*oVerse is an immersive 3D setting modeled by popular role-playing games (RPGs) that most gamers are familiar with. This lets users play at virtual versions of the several Wind Creek locations around North America and the Caribbean and explore the Wind Creek world.
The social casin*o market covered in this report is segmented -
1) By Type: Casual Games, Free Game, Turn-Based Game, Other Types
2) By Application: Free, Toll
3) By End-User: Gaming Population, Mobile Users
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Major companies operating in the social casin*o market report are Zynga Inc., International Game Technology, Scientific Games Corporation, Caesars Entertainment, Creatiosoft Solutions Pvt Ltd., KamaGames Ltd., Ruby Seven Studios Inc., Playtika Holding Corp., PLAYSTUDIOS Inc., LuckyFish Games - Free Slot Machines, Meme Inc., Tripledot Studios Limited, RocksPRO, Tap Slots Free Casin*o Slot Machines, Huuuge Games - Play Together, Big Fish Games Inc., DoubleDown Interactive, GSN Games, High 5 Games, Murka Games Limited, Product Madness, Super Lucky Casin*o, Tangelo Games, Win Studios, Wizits Limited, Akamon Entertainment S.L., AlchemyBet Limited, Appeak, Aristocrat Leisure Limited, Bally Technologies Inc., Betable Limited, Betsson AB, Bigpoint GmbH
Contents of the report:
1. Executive Summary
2. Social Casin*o Market Report Structure
3. Social Casin*o Market Trends And Strategies
4. Social Casin*o Market - Macro Economic Scenario
5. Social Casin*o Market Size And Growth
…..
27. Social Casin*o Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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