Insights on the Online Gambling Global Market to 2027 – by Game Type, Device and Region – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global online gambling market reached a value of US$ 72.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 131.4 Billion by 2027, exhibiting a CAGR of 9.96% during 2022-2027.

Companies Mentioned

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Online gambling, or virtual gambling, refers to betting on casino or sports-based activities over the internet. In comparison to in-person gambling, online gambling does not involve physical interaction of players and all the sessions are moderated by computer programs. Players can virtually play various games, such as sports betting, blackjack, poker, roulette and slot machines. They can download gambling software on their personal computers or can play through a website. Online gambling offers various benefits, such as cashless transactions, accessibility through any electronic device, customizable budget and real-time gambling experience for the players.

Rapid urbanization, along with the increasing penetration of the internet across the globe, is one of the key factors driving the growth of the market. Furthermore, legalization and cultural approval of online betting in various developed countries are also providing a boost to the market growth. Online sports companies are also attaining high-profile sponsorships with various football and racing clubs, which helps attract new users. In line with this, convenient access to online casinos that can be used through mobile phones is also creating a positive impact on the online gambling industry.

Various technological advancements, such as the development of virtual reality (VR) and blockchain tools, are acting as another growth-inducing factor. These technologies aid in maintaining the transparency of gambling activities and provide an immersive experience to the player. Other factors, including increasing expenditure capacities of the consumers, along with the advent of bitcoin gambling, are expected to drive the market further.

Key Questions Answered in this Report

1. What is the market size for the global online gambling market?

2. What is the global online gambling market growth?

3. What are the global online gambling market drivers?

4. What are the key industry trends in the global online gambling market?

5. What is the impact of COVID-19 on the global online gambling market?

6. What is the global online gambling market breakup by game type?

7. What is the global online gambling market breakup by device?

8. What are the major regions in the global online gambling market?

9. Who are the key companies/players in the global online gambling market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Online Gambling Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Game Type

7 Market Breakup by Device

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Indicators

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/4m935v

See the original post:

Insights on the Online Gambling Global Market to 2027 - by Game Type, Device and Region - ResearchAndMarkets.com - Business Wire