Online Gambling Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Online Gambling Software Market
The online gambling software market size were valued at USD 66.72 billion in 2020, and the market is now projected to grow from USD 74.17 billion in 2021 to USD 158.20 billion by 2028, exhibiting a CAGR of 11.4% during the forecast period of 2021-2028.
That COVID-19 led to shutdowns of colleges and growth of work-from-home practices resulted in a heightened demand for internet-based gambling. For instance, AlphaBeta Australia experienced an increase of 67% in the online bet in the month of April 2020 whereas, The Concordia University also felt a rise of 17.5% in Great Britain. Economic disruption and separation of people meant that many people started having to turn to the internet and particularly mobile gambling. As a result, the market for EVs grew significantly during the pandemic and is estimated to grow even more significantly at a good CAGR in the future post pandemic.
The continued advancement in Digital and mobile payments has made transaction convenient for the users and the online players making it better for the users. These online payment facilities ensure secure and safe transaction systems that also contribute to enhancing the use of the services in the online gaming business. Also, these payment options become easy to exploit, which encourages more players to participate in gambling activities. Consequently, there is tremendous increases in the use of digital payment solutions as an aspect of the online gaming segment.
Online gambling firms are increasingly straining their resources on new technologies to improve the social interaction interface and AI is set to be central in this revolution. Application and website developers are using AI to capture gaming interests and user behavior and use these details to recommend games. This integration assists in improving the overall temperature of the intimacy between the customer and the company. Hence, the integration of AI on mobile casinos is transforming some gambling as a new approach to enhance the satisfaction of its players and their retention.
Comprehensive Analysis of Online Gambling Software Market
The online gambling software market growth are also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by devices analysis. By type analysis incudes sports betting, casinos, poker, lottery, bingo, and others (skill gaming, etc.). By devices analysis incudes desktop, mobile, and others (tablet, iPad, etc.).
The Europe region lead the online gambling software market share by benefitting a market size of USD 30.92 billion in 2020 due to the presence of sports-obsessed fans in the region.
Top players in the market have their responsibility of information & communication technology industrial prospectus growth of the retailing industry and the markets. These players include, Entain plc, Kindred Group Plc, William Hill Plc, StarsGroup.com, Flutter Entertainment Plc, Betsson AB, Bet365 Group, LeoVegas AB, 888 Holdings PLC, BetAmerica these market players provide a level-playing competitive landscape.
In December 2020, GVC Holdings Plc, in partnership with MGM Resorts International, launched the online BetMGM Casino in Pennsylvania, featuring 140 types of games accessible on Android and iOS devices.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD billion)
Segmentation
Type, Devices, and Region
By Type
Sports Betting
Casinos
Poker
Lottery
Bingo
Others (Skill Gaming, etc.)
By Devices
Desktop
Mobile
Others (Tablet, iPad, etc.)
By Region
North America (By Type, By Devices, and By Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
- Brazil (By Type)
- Colombia (By Type)
- Argentina (By Type)
- Rest of South America
- U.K. (By Type)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- Benelux (By Type)
- Nordics (By Type)
- Rest of Europe
- Turkey (By Type)
- Israel (By Type)
- GCC (By Type)
- North Africa (By Type)
- South Africa (By Type)
- Rest of the Middle East & Africa
Japan (By Type)
China (By Type)
India (By Type)
South Korea (By Type)
ASEAN (By Type)
Oceania (By Type)
Rest of Asia PacificPlease Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Key Takeaways
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 5. Global Online Gambling Software Key Players Market Share Insights and Analysis, 2020
- 6. Key Market Insights and Strategic Recommendations
- 7. Companies Profiled (Covered for key 10 players only)
- 7.1. Overview
- 7.1.1. Key Management
- 7.1.2. Headquarters etc.
- 7.2. Offerings/Business Segments
- 7.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 7.3.1. Employee Size
- 7.3.2. Key Financials
- 7.3.2.1. Past and Current Revenue
- 7.3.2.2. Geographical Share
- 7.3.2.3. Business Segment Share
- 7.4. Recent Developments
- 8. Annexure / Appendix
- 8.1. Global Online Gambling Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 8.1.1. By Type (USD)
- 8.1.1.1. Sports Betting
- 8.1.1.2. Casinos
- 8.1.1.3. Poker
- 8.1.1.4. Lottery
- 8.1.1.5. Bingo
- 8.1.1.6. Others (Skill Gaming, Etc.)
- 8.1.2. By Devices (USD)
- 8.1.2.1. Desktop
- 8.1.2.2. Mobile
- 8.1.2.3. Others (Tablet, iPad, etc.)
- 8.1.3. By Region (USD)
- 8.1.3.1. North America
- 8.1.3.2. South America
- 8.1.3.3. Europe
- 8.1.3.4. Middle East & Africa
- 8.1.3.5. Asia Pacific
- 8.2. North America Online Gambling Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 8.2.1. By Type (USD)
- 8.2.1.1. Sports Betting
- 8.2.1.2. Casinos
- 8.2.1.3. Poker
- 8.2.1.4. Lottery
- 8.2.1.5. Bingo
- 8.2.1.6. Others (Skill Gaming, Etc.)
- 8.2.2. By Devices (USD)
- 8.2.2.1. Desktop
- 8.2.2.2. Mobile
- 8.2.2.3. Others (Tablet, iPad, etc.)
- 8.2.3. By Country (USD)
- 8.2.3.1. United States
- 8.2.3.1.1. By Type
- 8.2.3.2. Canada
- 8.2.3.2.1. By Type
- 8.2.3.3. Mexico
- 8.2.3.3.1. By Type
- 8.3. South America Online Gambling Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 8.3.1. By Type (USD)
- 8.3.1.1. Sports Betting
- 8.3.1.2. Casinos
- 8.3.1.3. Poker
- 8.3.1.4. Lottery
- 8.3.1.5. Bingo
- 8.3.1.6. Others (Skill Gaming, Etc.)
- 8.3.2. By Devices (USD)
- 8.3.2.1. Desktop
- 8.3.2.2. Mobile
- 8.3.2.3. Others (Tablet, iPad, etc.)
- 8.3.3. By Country (USD)
- 8.3.3.1. Brazil
- 8.3.3.1.1. By Type
- 8.3.3.2. Colombia
- 8.3.3.2.1. By Type
- 8.3.3.3. Argentina
- 8.3.3.3.1. By Type
- 8.3.3.4. Rest of South America
- 8.4. Europe Online Gambling Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 8.4.1. By Type (USD)
- 8.4.1.1. Sports Betting
- 8.4.1.2. Casinos
- 8.4.1.3. Poker
- 8.4.1.4. Lottery
- 8.4.1.5. Bingo
- 8.4.1.6. Others (Skill Gaming, Etc.)
- 8.4.2. By Devices (USD)
- 8.4.2.1. Desktop
- 8.4.2.2. Mobile
- 8.4.2.3. Others (Tablet, iPad, etc.)
- 8.4.3. By Country (USD)
- 8.4.3.1. United Kingdom
- 8.4.3.1.1. By Type
- 8.4.3.2. Germany
- 8.4.3.2.1. By Type
- 8.4.3.3. France
- 8.4.3.3.1. By Type
- 8.4.3.4. Italy
- 8.4.3.4.1. By Type
- 8.4.3.5. Spain
- 8.4.3.5.1. By Type
- 8.4.3.6. Benelux
- 8.4.3.6.1. By Type
- 8.4.3.7. Nordics
- 8.4.3.7.1. By Type
- 8.4.3.8. Rest of Europe
- 8.5. Middle East & Africa Online Gambling Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 8.5.1. By Type (USD)
- 8.5.1.1. Sports Betting
- 8.5.1.2. Casinos
- 8.5.1.3. Poker
- 8.5.1.4. Lottery
- 8.5.1.5. Bingo
- 8.5.1.6. Others (Skill Gaming, Etc.)
- 8.5.2. By Devices (USD)
- 8.5.2.1. Desktop
- 8.5.2.2. Mobile
- 8.5.2.3. Others (Tablet, iPad, etc.)
- 8.5.3. By Country (USD)
- 8.5.3.1. Turkey
- 8.5.3.1.1. By Type
- 8.5.3.2. Israel
- 8.5.3.2.1. By Type
- 8.5.3.3. GCC
- 8.5.3.3.1. By Type
- 8.5.3.4. North Africa
- 8.5.3.4.1. By Type
- 8.5.3.5. South Africa
- 8.5.3.5.1. By Type
- 8.5.3.6. Rest of MEA
- 8.6. Asia Pacific Online Gambling Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 8.6.1. By Type (USD)
- 8.6.1.1. Sports Betting
- 8.6.1.2. Casinos
- 8.6.1.3. Poker
- 8.6.1.4. Lottery
- 8.6.1.5. Bingo
- 8.6.1.6. Others (Skill Gaming, Etc.)
- 8.6.2. By Devices (USD)
- 8.6.2.1. Desktop
- 8.6.2.2. Mobile
- 8.6.2.3. Others (Tablet, iPad, etc.)
- 8.6.3. By Country (USD)
- 8.6.3.1. China
- 8.6.3.1.1. By Type
- 8.6.3.2. India
- 8.6.3.2.1. By Type
- 8.6.3.3. Japan
- 8.6.3.3.1. By Type
- 8.6.3.4. South Korea
- 8.6.3.4.1. By Type
- 8.6.3.5. ASEAN
- 8.6.3.5.1. By Type
- 8.6.3.6. Oceania
- 8.6.3.6.1. By Type
- 8.6.3.7. Rest of Asia Pacific
- 9. Companies Analyzed (In order to estimate the market size and/or understanding the market ecosystem) (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies are profiled in the scope. Kindly refer Companies Profiled Section for more details. However, at the same, we are open to profile additional company(s) on specific request)
- 10.
- 10.1. Entain plc (GVC Holdings Plc.)
- 10.2. Kindred Group Plc.
- 10.3. William Hill Plc.
- 10.4. StarsGroup.com
- 10.5. Flutter Entertainment Plc.
- 10.6. Betsson AB
- 10.7. Bet365
- 10.8. LeoVegas AB
- 10.9. 888 Holdings PLC
- 10.10. BetAmerica
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