Market Share Of Gambling Industry
The global gaming market is forecast to worth $256.97 billion by 2025. (Source: Mordor Intelligence) Back in 2019, this figure was around $151.55 billion. Gaming industry stats show that the industry is forecast to grow at a rate of 9.17% from 2020 to 2025. The video games market could be worth over $90 billion by the end of 2020. Gambling Market Characteristics. The gambling market consists of sales of gambling services and related goods by entities that operate gambling facilities, such as casinos, bingo halls, video gaming terminals, lotteries, and off-track sports betting. With combined market share of 83%, that suggests FanDuel and DraftKings cleared more than $700 million worth of bets. Many sources in the industry say that the companies have a take of about 5% of.
LONDON--(BUSINESS WIRE)--The global arcade gaming market size is expected to grow by USD 1.56 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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The Arcade gaming market is one of the fastest adopters of technological innovations. These innovations have changed gaming from a 2D gameplay on a screen, which only required gamers to use their hands, to VR in which the gamer can experience the virtual world of gaming. Various innovations to make the gaming experience interactive and real-life include head-mounted displays, motion controllers, tracking devices, and gaming gloves. However, one aspect that largely remains to be covered in gaming is the incorporation of the gamer's physical motions. By including the natural physical activity of the gamer, VR can be taken to the next level. Virtuix Omni is already working on the prototype Omni, where the gamer can sprint, walk, jump, and crouch in the virtual world. Omni integrated with a head-mounted display (HMD) is expected to provide the most real-life gaming simulation platform. Such advancements is likely to have a positive impact on the growth of the market during the forecast period.
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As per Technavio, the limited piracy concerns will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Arcade Gaming Market: Limited Piracy Concerns
Market Share Of Gambling Industry Stocks
Piracy is one of the major factors hindering the growth of the digital content industry. Sharing files and downloading content from unauthorized online sources are the major challenges for content providers. This affects the revenue of the industry, especially in the digital and packaged gaming segments. However, this threat is minimal in the arcade gaming industry since the games are primarily played on the hardware. This hardware equipment is predominantly used commercially and incurs a significant investment. Considering the high investment involved in the arcade gaming business, vendors do not risk investing in a pirated version of the game. As arcade gaming business has tie-ups internationally, a delay in the release of games or hardware-based in specific geographic regions can be completely negated. Considering the threat of piracy being minimal, software vendors will be encouraged to create games specific to the hardware.
“Factors such as the high scope for monetization, and the improvements in gameplay design and gaming consoles will have a significant impact on the growth of the arcade gaming market value during the forecast period,” says a senior analyst at Technavio.
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Arcade Gaming Market: Segmentation Analysis
This market research report segments the arcade gaming market by end-user (gaming hubs, semi-commercial, and residential), type (video games, simulation games, and mechanical games), genre (racing, shooting, sports, and action), and geography (APAC, North America, Europe, South America, and MEA).
The APAC region led the arcade gaming market in 2019, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the growth of the market in emerging countries, and the availability of innovative arcade games with high graphics capabilities.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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The global online gambling market grew at a CAGR of around 12% during 2014-2019. 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.
Online Gambling Market Grwoth Drivers:
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. Looking forward, IMARC Group expects the global online gambling market to continue its strong growth during 2020-2025.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global online gambling market, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on game type, device and region.
Breakup by Game Type:
- Sports Betting
- Football
- Horse Racing
- E-Sports
- Others
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Others
Market Share Of Gambling Industry Companies
Breakup by Device:
- Desktop
- Mobile
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The global online gambling industry is highly fragmented with the presence of several small and large players. Some of the leading players in the market are:
- 888 Holdings PLC
- Bet365 Group Ltd.
- Betsson AB
- Cherry Spelgladje AB
- Flutter Entertainment Plc
- Galaxy Entertainment Group
- GVC Holdings Plc
- Intralot
- Kindred Group Plc
- LeoVegas AB
- MGM Resorts International
Key Questions Answered in This Report:
- How has the global online gambling market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global online gambling market?
- What is the breakup of the market based on the game type?
- What is the breakup of the market based on the device?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global online gambling market and who are the key players?
- What is the degree of competition in the industry?