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Global Mobile Gambling Market Overview:
According to the research reports by MRFR, Global Mobile Gambling Market Research Report: By End-User, Type, and Region – Forecast till 2030, the global market is anticipated to flourish at a CAGR of approximately 13.8% during the review timeframe from 2020 to 2030. The report further projects that the market will attain a size of over USD 154.81 Billion by 2030.
Mobile Gambling Market Report Scope:
|
Parameter |
Details |
|
Revenue Forecast in 2030 |
USD 154.81 Billion |
|
Growth Rate: |
CAGR of 13.8% from 2022 to 2030 |
|
Study Period: |
2022 -2030 |
|
Report Coverage: |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Mobile Gambling Market Scope:
Online gambling has become one of the fastest-growing sectors across the globe in the last few years. Every day, thousands of people gamble on several platforms. As an outcome, the revenue produced by these websites is vast, boosting the growth of the global market. Online gambling, also called e-gambling and internet gambling, is experiencing huge demand because of the increasing number of mobile gambling applications.
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Online gambling has transformed the industry landscape, given the increasing number of existing and new gamblers shifting towards online platforms. The convenience, corporate sponsorship, and ease of access are just some aspects that have shifted the focus of gamblers from traditional offline gambling to online gambling. The aspect is anticipated to catalyze the growth of the mobile gambling market over the assessment timeframe. The post covid circumstances and situations prevailing on the global scale are one of the substantial aspects driving global and widespread demand for the market operations and services during the assessment timeframe ending in 2028.
Competitive Analysis
The global Mobile Gambling Market has prominent leaders such as:
Market USP Covered
Market Drivers
The global Mobile Gambling Market has exhibited substantial growth in recent times, given the aspects such as technological advancements, maintenance of a convenience degree by rendering cashless modes of payment, and the presence of a considerable number of females in casinos.
Market Restraints
On the other hand, the growing gambling addiction may restrict the market’s growth.
COVID-19 Impact
The global health crisis in the form of COVID-19 has had a massive impact on most industry sectors. But unlike others, the global market for online gambling has witnessed a slightly different impact of the pandemic. During the pandemic, social media was flooded with several trends copied and followed but also assisted people in recognizing their talent and skill. In addition, the prevalence of smart gadgets has also influenced the market’s growth. Moreover, with the financial and industrial activities returning on track after the pandemic period, the global market for online gambling is anticipated to grow substantially over the coming years.
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Mobile Gambling Market Segment Analysis
Among all the types, the sports betting segment is anticipated to dominate the global market for mobile gambling over the assessment era. The primary aspect supporting the segment’s growth is the increasing popularity of sports betting gambling on games like casinos and football. Moreover, the factors like a collaboration between third-party software suppliers and private firms and increased internet penetration are also fuelling the growth of the global segment.
Among all the devices, the desktop segment is predicted to secure the leading position across the global market for mobile gambling over the coming years. the desktop provides a large screen size in comparison with mobile phones and other devices, enabling the gamblers to have fun with the graphics and details of the game. Furthermore, the performance features provided by desktops, like customizable storage capacity, picture quality, and sound volume of desktops offer a better gaming experience. These factors have caused the expansion of the desktop segment.
Regional Analysis
The global Mobile Gambling Market is analyzed across five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
The MRFR research reports suggest that the North American region will likely secure the top position across the global market for mobile gambling over the forecasted timeframe. The main reason supporting the growth of the regional market is the market operations being commenced by several regional players. Furthermore, the current legislative framework prevailing in the US is also projected to influence the regional market’s growth during the review timeframe.
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The mobile gambling market for the European region is anticipated to grow substantially over the review timeframe. The legalization of gambling across several European nations such as Germany, Spain, Italy, France, and Malta are the primary reason causing an upsurge in the regional market’s growth. Furthermore, the aspects such as the growing usage of smartphones, the rising popularity of online casinos, and the availability of high-speed internet are also anticipated to influence the market’s growth over the coming years. Moreover, the Gambling Act 2005 enforced by the UKGC has allowed organizations to promote their gambling websites, assisting in the growth of the regional market over the evaluation period.
The Asia-Pacific regional mobile gambling market is anticipated to exhibit the highest CAGR over the coming years. the aspects such as the increased use of internet services, increasing number of Esports and other sporting events, and increased dependency on mobile phones are projected to influence the growth of the regional market over the coming years.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
