What is Online Casino Software Market?
Online casino software allows the easy seamless integrations with various game and betting providers and also features a common player wallet. This way all of the player activity and money are kept in one place. Its features include player account management, payment processing, bonusing, loyalty programs, fraud and risk prevention, game management, and others. Moreover, these features helps in the opening of a online casino.
Highlights from Online Casino Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cryptologic Inc. (Ireland), International Game Technology (United Kingdom), Microgaming (United Kingdom), Playtech (United Kingdom), Golden Race (Malta), Realtime Gaming (United States), Softswiss (Netherlands), Gammastack (United States), Aristocrat Gaming (Australia) and Rival Gaming (Cyprus) |
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Online Casino Software market throughout the forecasted period.
Cryptologic Inc. (Ireland), International Game Technology (United Kingdom), Microgaming (United Kingdom), Playtech (United Kingdom), Golden Race (Malta), Realtime Gaming (United States), Softswiss (Netherlands), Gammastack (United States), Aristocrat Gaming (Australia) and Rival Gaming (Cyprus) are some of the key players profiled in the study. Online Casino Software Market Segmentation:
Scope | Sub-Segments |
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Platform | Desktop,Mobile |
Deployment | Cloud,On premise |
Subscription | Annually,Monthly,One-time license |
Game type | Live Casino,Baccarat,Blackjack,Poker,Slots,Others Casino Game |
On the basis of geography, the market of Online Casino Software 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Penetration of Internet Along with Smartphone
Market Growth Drivers:
Easy Access to Casino Gaming Platform and Availability of Cost-Effective Mobile Applications
Challenges:
Stiff Competition Among the Players
Restraints:
Availability of Free Software
Opportunities:
Rising Disposable Income and Convenience of Cashless Mode of Payment During the Gaming
Key Target Audience
Government associations, Research organisations, Software vendors and Others
Market Leaders & Development Strategies
On June 2020, DraftKings has announced today the launch of its standalone Casino app in New Jersey. It is similar to its Daily Fantasy and Sportsbook offerings. It will feature new games only found on DraftKings, plus revamped classics, including Blackjack and Roulette.