About Gambling Game Services
Gambling is the wagering of money in an event with the uncertain outcome which intends to win money. It requires three elements which are consideration, risk, and prize. Gambling includes virtual poker, casinos, sports betting, bingo, arcade, and gaming machine. Moreover, the gaming company offers the gambling activities and is regulated by various gaming control boards. Hence, a factor such as increasing disposable income is propelling the market of gambling gaming services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.44% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Gambling Game Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Melior Games (Ukraine), Crocusoft (Azerbaijan), Unity Technologies (United States), Chetu (United States), 2WinPower (United States), GVC Holdings (United Kingdom), Kindred Group (Malta), Paddy Power Betfair (United Kingdom), William Hill (United Kingdom) and Draft Kings (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gambling Game Services market by and Region.
On the basis of geography, the market of Gambling Game Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Online will boost the Gambling Game Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gambling type, the sub-segment i.e. Chance based will boost the Gambling Game Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Game type, the sub-segment i.e. Virtual poker will boost the Gambling Game Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Technologies Such as Hybrid Games, Virtual Reality (VR), and Augmented Reality (AR)
Market Growth Drivers:
Increasing Gambling Activities is fueling the Market and Rising Usage of Mobile Phones among the Individuals
Challenges:
Limited Number of Companies in the Market
Restraints:
Increasing Cyber crime in the Market May Hamper the Growth
Opportunities:
Investments in Information Solutions for the Support to Gamblers and Increased Spending in Leisure Activities is Boosting the Market
Market Leaders and their expansionary development strategies
In Decmeber 2023, BetMGM announced a multi-year North American partnership extension. BetMGM continues as an Official Sports Betting and Gaming Partner and will create specialized VIP fan experiences, utilize NHL imagery to design team and League-branded casino games, and be featured during nationally televised broadcasts.
In November 2023, SaskGaming Celebrates The Launch Of The Playnow.com Online Gaming Platform.The site is managed by SaskGaming, operated by the Saskatchewan Indian Gaming Authority (SIGA), regulated by the Saskatchewan Liquor and Gaming Authority and utilizes the British Columbia Lottery Corporation's
Key Target Audience
game service providers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.