Global Online Gambling & Betting Market Projected to Reach a Value of US $128.2 Bn by 2026
The global online gambling & betting market is forecasted to expand at a CAGR of 11.8% from 2018 to 2026. It is estimated to reach a value of US$ 128.2 Bn by 2026.
Albany, NY -- (SBWire) -- 10/01/2018 --Rapid spread of internet based devices and growing trust on online betting & gambling websites are vital factors that are expected to contribute towards the growth of the online betting & gambling market. Revenue earned from the heart health supplements market are estimated to grow at an impressive CAGR of 11.8% through 2026. Such insights have been gleaned from the report titled "Online Gambling & Betting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" added recently to the immense repository of Market Research Reports Search Engine (MRRSE).
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Online gambling and betting on sports is expected to show considerable growth owing to a widening population base following sports. Lucrative rewards and increasing participation are also resulting in the growth of online poker and lottery games.
The Asia Pacific regional online gambling & betting market is anticipated to rapid growth rates during the forecast period owing to relaxation of laws, rapidly growing base of internet users, and proliferation of numerous gabling & betting websites, that offer enticing offers. The use of mobile devices for online gambling & betting is expected to display rapid growth on major market share, owing to widespread proliferation of smartphone devices.
Online Gambling & Betting Market: Report Overview
A detailed regional and global-level analysis & forecast on the online gambling & betting market, in terms of value (US$ Bn), for the period of forecast 2018 to 2026 has been provided to readers in this report. Crucial business dynamics such as social, political and economic factors that impact the requirements and demand for online gambling & betting have been examined and evaluated in the report.
An in-depth value chain analysis on the online gambling & betting industry has been included in the report, and the Porter's Five Forces model has been used to help the readers better understand the competitive scenario among leading as well as new market players. A market attractiveness analysis has also been added to the report, where all applications have been benchmarked on the term of aspects such as market size, general attractiveness, and growth rate.
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Online Gambling & Betting Market: Research Methodology
Exhaustive discussions and in-depth interviews have been carried out with a number of eminent opinion leaders and industry experts in order to develop this report. Primary and secondary research methodologies have been used extensively, which has greatly helped in in the compiling of reliable intelligence on the online gambling & betting market. Primary research represents the bulk of the research efforts, which has been supported and validated by extensive secondary research.
Leading companies and new entrants in the online gambling & betting market have been reviewed, while data sources such as annual reports, press releases and other relevant documents have been utilized for extracting an accurate analysis on the market's competitor landscape. The research approach employed here has been proven to be highly efficient in recognizing precise information on the market data, insights on the industry participants, and latent business.
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