Industry Background:
Mobile Gambling is nothing but an online casino, where the players can play games and get chances to win money. Numerous casino applications are available online which can be played with tablets, computers, and smartphones. Launched after 2013, large number of casino operators have entered in the mobile gambling applications to gain the maximum market share. It offers players an opportunity to gamble from any place at any time.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 888 Holdings (Spain), Bet-at-home.com (Germany), Bwin.Party (United Kingdom), Ladbrokes (United Kingdom), Betfair (United Kingdom), Unibet (Malta), William Hill (United Kingdom), Microgaming (United Kingdom), RabCat (Austria) and Ganapati Gaming (Malta) |
According to AMA, the market for Mobile Gambling is expected to register a CAGR of 11.5% during the forecast period to 2028. This growth is primarily driven by Increasing Adoption of Mobile Gambling amongst Younger Population, Easing of Government Regulation and Growing spending capability of customers.
Globally, a noticeable market trend is evident Provision of Cash Alternatives
The Casinos & Gaming sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 888 Holdings (Spain), Bet-at-home.com (Germany), Bwin.Party (United Kingdom), Ladbrokes (United Kingdom), Betfair (United Kingdom), Unibet (Malta), William Hill (United Kingdom), Microgaming (United Kingdom), RabCat (Austria) and Ganapati Gaming (Malta), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Since the overall gambling industry has faced a number of obstacles such as legal approvals across the globe. Hence, the global mobile gambling market has gone through a number of ups and downs. Lack of demand is observed in the APAC mobile gambling market, though increasing internet infrastructure has affected in generating significant growth over the last couple of years. Moreover, with increasing mobile gambling service providers across the globe, the market will show growing competition across the globe.
Key Developments in the Market:
The company behind Poker Stars and the owner of Paddy Power and Betfair have agreed to merge, creating the largest online betting and gambling operation in the world.
Recently the popularity of bitcoins has influenced the rise of cryptocurrency gambling.
Regulatory Insights:
Government of India has described about the Foreign Direct Investment (FDI) in E-Commerce Sector of India. FDI has limited a lottery business including Government or private lottery, online lotteries, and gambling and betting including betting clubs. Further, central government of India has denied to give any legal actions on the legality or wrong doing of online beguilements and Mobile/Online Gambling in India.
Influencing Trend:
Provision of Cash Alternatives and Online Gambling Applications leading to Increasing Government Revenues in the form of Taxes
Market Growth Drivers:
Increasing Adoption of Mobile Gambling amongst Younger Population, Easing of Government Regulation and Growing spending capability of customers
Challenges:
Difficulties in Authentication and Lack of Payment and Security Trustworthiness
Restraints:
Increasing Money Laundry and Low Quality Mobile Games
Opportunities:
Opportunities in Emerging Economies and Availability without Timing and Place Constraints
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Mobile Gambling Market
- Analysis about New Entrants in Mobile Gambling Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Mobile Gambling Study Sheds Light on
The Mobile Gambling Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobile Gambling industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile Gambling industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.