Mobile Gambling Just Keeps Growing, According to new Research and Markets DataPublished July 31, 2020 by Lee R
Mobile Gambling is growing with barely a hiccup in this trying business year.
The Mobile Gambling industry is in fine shape according to updated data, regardless of what challenges it faces.
The “Mobile Gambling – Global Market Trajectory & Analytics” reveals vital data from think tank expert ResearchAndMarkets.com in the report's ninth edition, punctuated by the projection of the Global Mobile Gambling Market reaching US$250.4 Billion by 2027.
The resilience of Mobile Gambling was accentuated this year, due to the COVID-19 crisis.
The industry held strong at an estimated US$79.5 Billion for 2020--with CAGR of 17.8% set to drive the market up to US$250.4 Billion by 2027.
Research and Markets identifies the key betting segment at projected growth of 17.6% CAGR to reach US$141.4 Billion by 2027.
Online Casino Adjustments
The pandemic led to recalculations for mobile casino growth, which holds 11.9% of the global market. Adjusted growth figures cite an 18% CAGR for the next 7-years.
As for jurisdictions, research reveals the US accounts for just under 27% of the 2020 mobile gaming market with $21.4 billion, followed by China--forecast to grow at 22.9% CAGR from 2020-2027 to reach $59.1 billion.
Other major mobile gaming markets cited include Japan and Canada, set to grow 12.8% and 15.7% respectively over the seven-year projection period. Germany is set to lead Europe's growth at by some 14% CAGR with the rest of the European market projected to reach US$59.1 Billion by the year 2027.
Poker Share and Growth
All-important poker segment findings revealed that poker is posting a 16.5% global gaming share for 2020. As far as competition among jurisdictions, the global poker segment is driven by USA, Canada, Japan, China and Europe at an estimated rate of 13.9% CAGR. These markets combined for a collective market size of US$9.9 Billion in 2020 to reach a projected size of US$24.5 Billion in 2027, with China growing the fastest among the group.
More Regional Data
The Asia Pacific region is also growing fast, driven by the regional markets in Australia, India, and South Korea to forecast to US$39.4 Billion for 2027. Meanwhile, Latin America is projected to expand at a robust 16.4% CAGR for the period as well.
Leading Private Operators
The study identifies the key private competitors in the group as well, with Betfair Group PLC and Ladbrokes Coral Group plc among the total of 38 companies profiled.
The Research and Markets proves unequivocally that on sheer numbers, the mobile gaming industry is fine and growing at a robust pace across all regions.