The global gambling software market size reached USD 54.84 Billion in 2020 and is expected to register a revenue CAGR of 12.7%, during the forecast period. Rising popularity of online gambling is a key factor driving global gambling software market revenue growth. In addition, increasing adoption of digital currency in online gambling is another key factor contributing to revenue growth of the global gambling software market.
Rapid growth in number of Internet and smartphone users globally coupled with ubiquity of Internet has raised significant amount of interest in online gambling among betters. With online betting becoming more refined and systematic, there is an increasing demand for online betting platforms, which is expected to propel growth of the market. The slow and steady legalization of online gambling in various countries is driving increasing popularity of online mobile casinos and prompting players to shift preference from land-based casinos to online gambling and betting.
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The key industry participants include:
Cryptologic Inc., Microgaming, International Game Technology PLC, Softswiss, GammaStack, Sporttrade Inc., RealTime Gaming Asia Pte., Ltd., PointsBed Holdings Ltd., Playetch Plc, and edict egaming GmBH.
Concerns regarding security and privacy of financial transactions while gambling has significantly increased the need for using cryptocurrency to facilitate safer online transactions due to its decentralized nature. Virtual currencies such as Bitcoin, Monero, Ether, and various other cryptocurrencies have become increasingly more popular, particularly in the online gambling sector as it operates under the principle of decentralized technology with no third-party interference and thereby enable gamblers to share confidential information without risking safety and privacy.
Emergen Research has recently published a detailed report on the global gambling software market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the gambling software market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the gambling software market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
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Emergen Research has segmented the global gambling software market on the basis of delivery mode, platform, type, and region:
Delivery Mode Outlook (Revenue, USD Billion; 2018–2028)
Cloud-Based
Web-Based
Platform Outlook (Revenue, USD Billion; 2018–2028)
Desktop
Mobile
Smartphone
Tablet
Type Outlook (Revenue, USD Billion; 2018–2028)
Sports Betting
Casino
Lottery
Bingo
Others
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key Geographies Profiled in the Report:
North America (the U.S., Mexico, and Canada)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Europe (the U.K., France, Germany, and Rest of Europe)
Latin America (Brazil and Rest of Latin America)
Middle East Africa (GCC Countries and Rest of Middle East Africa)
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Radical Features of the gambling software Market Report:
- The report encompasses gambling software market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the gambling software industry
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