Lewes, DE -- (SBWire) -- 07/01/2016 --Worldwide Gambling Market to grow at a CAGR of 5.7% during the period 2016–2022 to aggregate $635.00 billion by 2022.
Increase in the per-capita income, changing regulations, and interest of consumers for gambling is strengthening the growth and revenue of the market, with APAC leading the market share and reaching $268.67 billion by 2022.
Global market research and consulting organization, has published a study titled "Worldwide Gambling Market: Drivers, Opportunities, Trends, and Forecasts, 2016–2022" (June 2016).
According to Publisher, the gambling market is highly affected by the illegal online websites and religious factors of some countries. The gambling industry is expanding all around the globe due to the government efforts to increase the tax earnings and attract a number of tourists. Many countries have already legalized or considering legalizing the gambling industry due to the economic benefits it offers to the country. The gambling market is mostly observed in developed countries where compliances are present and strict regulations are followed. The market is expected to grow at a CAGR of 5.7% during the period 2016–2022 to touch an aggregate of $635.00 billion by 2022.
"Falling industry growth rate of UK/Europe is a big concern for online gambling market. European market should stand strong to face stiff competition in terms of rising marketing costs and increasing gaming taxes. More and more technology/platform providers are expected to launch in-house gambling websites for greater revenue ROIs and are eyeing B2C acquisitions for scaling their operations too."
Predicting the future of gambling is as perilous as predicting the future of any other industry or facet of life. With the incredible rate of technological innovation and advancement in the modern world, predicting what the gambling world will look like in 10–20 years is hard, and anything beyond that is almost entirely speculating. There are few things we expect to see in the near future. Mobile gambling will continue to become a bigger and more important part of the gambling landscape, as mobile devices become powerful enough to further replace desktop and laptop for many everyday functions. Everything will be available on the move, and that includes gambling.
"Gambling market is one of its own kinds, depending on user expenditure and interest. However, illegal gambling is the biggest challenge faced by the industry, especially from the developing countries where gambling is not regularized. Also, countries such as Malaysia, Australia, and Singapore are expected to become another Las Vegas and Macau within 10 years." – According to Senior Research Analyst.
The report is segmented by types, products, and regions. If we analyze the market by regions, the major share of the revenue comes from Asia Pacific (42.2%), followed by North America (40.2%). If we analyze the market by types, the major share of the revenue comes from casino segment accounting for 35.4% in 2016 followed by lotteries, 28.3%.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
- The report not only highlights users' conundrum (challenges and barriers to adopt bare metal cloud) but also brings in their perspective on the market. This market has been analyzed by taking into account the key regions – North America, Europe, Asia Pacific, Latin America and the Middle East & Africa
- The analyst has rated top seven vendors Vis a Vis end user inputs on key factors. Also, the names of all the providers present in the market have been covered
- Competitive benchmarking analysis to optimize short term and long term strategy of the organizations
- Stakeholders' insights and key trends (current and future) of the market
For more information Visit at: http://www.marketresearchreports.com/infoholic-research/worldwide-gambling-market-types-digital-offline-product-casino-lotteries-poker
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