Fortune 500 research provider Advance Market Analytics AMA has just released a new report charting the future course of the online gambling market.
This report details the unique requirements each region has, and the hurdles to implementation and legislation to advance their online gaming and betting development progress by region.
The Regional and Operator Breakdown
The 200+ page report examines and breaks down key market regions including North America, Europe, Asia-Pacific complete with comprehensive country level break-up and volume value. Important models utilized for research base include major international operators bet365 Group (United Kingdom); GVC Holdings (United Kingdom); Kindred Group (Malta); Paddy Power Betfair (Ireland); The Stars Group (Canada);William Hill (United Kingdom); AsianLogic (Philippines); Betsson (Sweden); bet-at-home.com AG (Germany); and Bwin Interactive Entertainment AG (Austria).
Massive Growth Still to Come
Not surprisingly, the report confirms that the fastest growing form of gaming worldwide is online play.
Drivers of Growth
Drivers of this growth include rapidly emerging new information and communications technologies ICT; computers; and the internet, all contributing to the acceleration of development of virtual market offerings in casinos.
Categories of Integration
While online gaming represents a different medium, it has preserved the land-based element of wide selection of games of chance, with categories of online integration moving into the areas of Gaming Type (Betting, Bingo, Lottery, Casino, Other); Device Type (Desktop, Mobile); and Fund Transfer (Credit Card, Electronic Check, Certified Check, Cryptocurrencies).
Influencing trends the report identifies in sustaining online gaming growth include a rising number of live casinos worldwide and general increase in gamification of the online gambling industry.
Market restraints have been identified to include areas where low internet penetration hampers the growth of online gambling, an interesting stat when one considers how widely spread the internet is, something we have virtually taken for granted at this point but remains a key hurdle in adapting the further grow of online gaming.
Some Chapter Topics
The chapters cover a diverse range of topics, including the Global Economic Impact on Industry; Global Productions, Revenue (Value) by Region; Global Market Analysis by Application; Market Effect Factors Analysis, and more.
Advance Market Analytics are Global leaders of Market Research Industry combining research methodology with critical insights into related industry factors and market forces to identify high growth global opportunities for Fortune 500 companies.
As a salient reminder that there is no one-size-fit-all approach to regulation, even for ideal models apparent in Europe, understanding the challenges in online gaming remains the key to understanding how to proactively harness the benefits of the development of online gaming. The report prepares societies and operators to achieve more productive outcomes for offering iGaming in their jurisdictions, in a market that is confirmed for high growth in the coming years.