BANGALORE, India
Global Online Gambling Market is Segmented by Type (Sports Gambling, Online Gambling Games, Stem Cell Media, Poker Games, Casino Games, Bingo), by Application (18-29 years old, 30-39 years old, 40-49 years old): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The global Online Gambling market was valued at USD 31010 Million in 2023 and is anticipated to reach USD 68310 Million by 2030, witnessing a CAGR of 11.8% during the forecast period 2024-2030.
Major Factors Driving the Growth of Online Gambling Market:
The industry for online gambling is expanding rapidly as a result of factors including the growing usage of smartphones, the legality and regulation of online betting in certain jurisdictions, and rising internet penetration. Online gambling has become quite popular among consumers because of the ease with which it is possible to access gaming platforms at any time and from any location. Further increasing market attractiveness are better user experiences, increased security protocols, and an extensive range of gaming possibilities, including as poker, casino games, and sports betting. The market is developed and fiercely competitive in areas like Europe, where regulatory frameworks are well-established, while North America is expanding quickly as a result of recent US legalization initiatives. Furthermore, the incorporation of cutting-edge technologies like blockchain and AI is increasing user engagement and trust, which is propelling additional growth.