Rising popularity of online gambling and rising adoption of digital currency in online gambling are key factors driving the global gambling software market
VANCOUVER, BC, CANADA, April 6, 2022 /EINPresswire.com/ — The Global gaming software market The size reached USD 54.84 billion in 2020 and is expected to register a CAGR of 12.7% during the forecast period, according to the latest analysis from Emergen Research. The growing popularity of online gambling is a key driver of revenue growth in the global gambling software market. Furthermore, the increasing adoption of digital currency in online gambling is another key factor contributing to the revenue growth of the global gambling software market.
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The rapid growth in the number of internet and smartphone users around the world, coupled with the ubiquity of the internet, has generated tremendous interest in online gambling among bettors. With online betting becoming more refined and systematic, there is a growing demand for online betting platforms, which is expected to propel the growth of the market. The slow and steady legalization of online gambling in various countries is leading to the growing popularity of online mobile casinos and influencing players to switch from land-based casinos to online gambling and betting. Online gambling provides various benefits to gamers such as easy accessibility, greater convenience, mobility, reliability, bonuses, rewards and more gaming options which is expected to drive the growth of the global market gaming software.
The latest market information report titled “Global Gambling Software Market” aims to provide the target audience with necessary information about the global Gambling Software industry. The report includes a detailed analysis of the vital elements of the Gambling Software Market game, including key drivers, restraints, opportunities, limitations, threats, and micro and macroeconomic factors. The report carefully examines the current market scenario and fundamental growth prospects. The report includes an organized database of Gaming Software market dynamics which helps market analysts to estimate the growth rate of the global market over the projected period.
Global Gaming Software Market Report – Table of Contents:
Chapter 1 includes the global Gaming Software market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, etc.
Chapter 2 globally categorizes the Gaming Software market based on geography and determines the sales, revenue and market share of each region over the estimated period.
Chapter 3 details the competitive outlook of the Gaming Software Market, focusing on the major manufacturers and vendor landscape.
Chapter 4 comprehensively studies major manufacturers of Gaming Software industry and their forecasted sales and revenue share.
Chapter 5 includes market segmentation based on product type, application range, and market players.
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Some major companies included in the global market report are
Cryptologic Inc., Microgaming, International Game Technology PLC, Softswiss, GammaStack, Sporttrade Inc., RealTime Gaming Asia Pte., Ltd., PointsBed Holdings Ltd., Playetch Plc and edict egaming GmBH.
Geographical Landscape of Global Gaming Software Market – Synopsis:
The report closely studies the growth trajectory of the global gaming software market. It sheds light on the global dominance of key regional segments including North America, Asia-Pacific, Europe, Latin America , the Middle East and Africa.
The study details crucial information relating to the regional market share. It simultaneously focuses on significant details of the growth patterns of each regional market.
Additionally, the report contains an exhaustive geographical study of the market, emphasizing business growth prospects and market barriers for each of the key market regions.
Emergen Research has segmented the global gaming software market on the basis of delivery mode, platform, type and region:
Delivery Mode Outlook (Revenue, USD Billion; 2018-2028)
Cloud-based
web-based
Platform Outlook (Revenue, USD Billion; 2018-2028)
Office
Mobile
Smartphone
Tablet
Type Outlook (Revenue, USD Billion; 2018-2028)
sports betting
Casino
Lottery
bingo
Others
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Report Highlights
The cloud-based segment is expected to account for the largest share of revenue during the forecast period due to the growing move towards virtualization, growing popularity of cloud gaming, and increasing adoption of cloud solutions from online casino to increase consumer engagement and improve user experience.
Revenue from the mobile segment is expected to increase at a robust CAGR during the forecast period due to the growing popularity of mobile games, availability of mobile-optimized slot games and growth in the number of users of smartphones in the world.
The sports betting segment is expected to account for the largest share of revenue during the forecast period due to the increasing popularity of international sports events, increasing number of advertising and promotional events organized by the sports betting companies to promote the online sports betting and the growing adoption of sports betting software.
Key questions addressed in the report:
Who are the major players dominating the global gaming software market?
What factors could potentially hinder the growth of the global market during the forecast period?
Which regional market offers the most attractive growth opportunities for companies operating in this market?
How does the availability of raw materials affect the demand for gaming software in this industry vertical?
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