The Global Mobile Gambling Market is expected to reach USD 53,755.7 Million by the end of 2025, registering a CAGR of 10.7% during the forecast period, 2019–2025. In this report, Market Research Future (MRFR) includes segmentation and market dynamics to offer a better glimpse of the market in the coming years.
The increasing popularity of mobile gaming among the young population and the legalization of online gambling in many countries are some of the factors responsible for the growth of the market during the forecast period. However, security risks such as cyberattacks is a major challenge for gamblers and operators. The global mobile gambling market is dominated by a few major players; however, new players are expected to enter the market due to new revenue opportunities in regions such as Asia-Pacific, the Middle East and Africa, and South America. The entry of new players is expected to increase the competition in the market.
Mobile gambling refers to gambling through mobile phones, smartphones, or tablets. In mobile gambling, players download the application and can play, with the help of a working Internet connection. The online gambling market is growing at a significant rate. As countries are legalizing online gambling, it is creating growth opportunities for online gambling to expand and enhance their revenue. Also, a large number of games are going online specifically over mobile phones, which, in turn, is helping the overall mobile gambling market. Another key driver for the market is the increased popularity of mobile gaming among the young population. However, the risks related to cyberattacks is a major concern for both mobile gambling providers and gamblers.
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The segment evaluation of Mobile Gambling global Market is done by Type and End User.
The Type based segments of the mobile gambling market are lottery, betting, casino, poker, online bingo, and others. Lottery is the common form of mobile gambling. The increase in lottery can support the rise of the mobile gambling market through the study period.
The mobile gambling market segments based on End User are gambling enthusiasts, social exuberant, and others. The increase in gambling enthusiasts count can support the rise of the mobile gambling market across the analysis period. The rise in social exuberant can spur the expansion of the mobile gambling market in the years to come.
The regional analysis of the global mobile gambling market has been conducted for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.
Europe dominated the mobile gambling market in 2018 and is expected to continue leading the market during the forecast period. The market in North America attained a second place in the mobile gambling market in 2018 and is expected to register a CAGR during the forecast period. The market in Asia-Pacific held the third spot, followed by South America and the Middle East and Africa.
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The eased restrictions on the mobile gambling industry by North America government can impel the expansion of the mobile gambling market across the analysis period. The presence of people with higher standard of living and substantial disposable income can support the regional mobile gambling market rise. Other factors are detailed in the mobile gambling market report.
Betsson AB (Sweden), Paddy Power Betfair PLC (Ireland), Betfair Group PLC (UK), Kindred Group (UK), Bet-at-home.com (UK), 888 Holdings PLC (UK), Net Entertainment (Sweden), Ladbrokes Betting & Gaming Ltd. (UK), Bwin.Party Digital Entertainment (Austria), Kindred Group PLC (Malta), and William Hill PLC (UK), among others are some reputed names in the mobile gambling market as profiled by MRFR.
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