The article cited AMA's Global Gambling Market Study explored substantial growth with CAGR of 7.4%. According the report, Increasing Video Gaming and Pro Gaming Competitions
is one of the primary growth factors for the market. Upsurging Popularity and Rising Number of Live Casinos
is also expected to contribute significantly to the Gambling market. Overall, applications of Gambling, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as 888 Holdings (United Kingdom), Betfair (United Kingdom), Caesars Entertainment Corporation (United States), Camelot (United KIngdom), INTRALOT (Greece), Las Vegas Sands (United States), MGM Resorts International (United States), SJM Holdings Limited (Hong Kong), William Hill (United Kingdom), The Stars Group (Canada) and Bet365 (United Kingdom) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Online, is boosting the Gambling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Gambling Enthusiastic, is boosting the Gambling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Gambling market identified that the demand is rising in many different parts of the world as "Rising Prevalence of Online Gambling across the Globe
". Furthermore, some recent industry insights like "In August 2023, MGM Resorts International launched of its BetMGM iGaming and online sports betting brand in the United Kingdom, kicking off MGM Resorts' strategy of expanding the BetMGM brand into international markets." is constantly making the industry dynamic. One of the challenges that industry facing is "Introduction Casinos and Gambling may Probably Leads to Increase Drug Dealing and Prostitution in Respective Areas"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Gambling market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Gambling market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Gambling market tight? Which application/end-user category or Product Type [Sports Betting, Casino, Lottery and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Gambling market and other related sub-markets covered in the study.
o Key & emerging players in the Gambling market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Gambling market size is calculated using market estimation process, the Gambling market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Gambling market size has been validated using both top-down and bottom-up approaches.