Global Mobile Gambling Market Research Report? Forecast till 2025
Global Mobile Gambling Market is anticipated to reach USD 53,755.7 Million by the end of 2025, documenting a CAGR of 10.7% at the time of study. Asia-Pacific is accounted to be the fastest-growing mobile gambling market at the largest CAGR of 13.8% during the research period even though, Europe dominated the mobile gambling market with a proportion of 57.20% in 2018.
Gambling through mobile phones, smartphones, or tablets is refer as mobile gambling. In mobile gaming, participants download the application and can gambol, with the help of Internet connection. The major growth driving factors of global market are rising demand of mobile gaming among all communities and the government authorization of online gambling in many countries. However, the main restraining factor is security such as cyberattacks.
The market segmentation of mobile gambling market has been based on Type, End User, and Region. By type, the market has been divided into betting, casino, poker, lottery, online bingo, and others. The highest market contribution is retained by the Casino sector in 2018, whereas the poker sector is accounted to mark the highest CAGR during the forecast period.
The market has been categorised into gambling enthusiasts, social exuberant, and dabblers based on end user type. In 2018, the gambling enthusiasts’ sector held the highest market proportion, and the social exuberant section is estimated to demonstrate the highest CAGR during the study period.
Regionally, the global mobile gambling market has been segmented into four regions, namely North America, Europe, Asia-Pacific, and the rest of the world.
The regional analysis the global mobile gambling market has been broadly segmented as Europe, North America, Asia-Pacific, and Rest of the World.
The largest market contribution is held by Europe and has been categorized into the UK, Germany, France and the rest of Europe. The UK contributes largest market among all. The Government of Europe has made easy going rules for online gambling and it was one of the first government to authorize it therefore the biggest market players have originated in Europe.
The second largest market of mobile gambling is held by North America and the market is divided into the US, Canada, and Mexico.
North America has relaxed the regulations on mobile gambling in recent years and becoming the growing into global the market. the major growth driving factors in the region are advanced standard of living, and high disposable earnings across majority sections. The North American mobile gambling market segment is led by the US.
Some of the major Players in the market are Betsson AB (Sweden), Kindred Group PLC (Malta), Net Entertainment (Sweden), Paddy Power Betfair PLC (Ireland), 888 Holdings PLC (UK), Ladbrokes Betting & Gaming Ltd. (UK), Bet-at-home.com (UK), Bwin.Party Digital Entertainment (Austria), Betfair Group PLC (UK), Kindred Group (UK), and William Hill PLC (UK), among others.