The Online Gambling Market to grow by $ 114.21 bn in 2020 | Industry Analysis, Market Trends, and Forecast 2024 | Technavio – Business Wire

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the online gambling market and it is poised to grow by USD 114.21 bn during 2020-2024, decelerating at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the online gambling market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

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The market is concentrated, and the degree of concentration will decelerate during the forecast period. 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., GVC Holdings Plc, INTRALOT SA, MGM Resorts International, and William Hill Plc are some of the major market participants. The rising popularity of the freemium model will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this online gambling market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Online Gambling Market 2020-2024: Segmentation

Online Gambling Market is segmented as below:

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Online Gambling Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online gambling market report covers the following areas:

This study identifies the introduction of bitcoin gambling as one of the prime reasons driving the online gambling market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Online Gambling Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Device

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

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The Online Gambling Market to grow by $ 114.21 bn in 2020 | Industry Analysis, Market Trends, and Forecast 2024 | Technavio - Business Wire