Published: 30.04.2020, 13:15
5 min read
Absolute Markets Insights recently issued a report regarding the online gambling market’s predicted trends between now and 2027. The report, which offers qualitative and quantitative research of the online casino industry, is 402 pages long and is downloadable as a PDF file. The report has three purchasing options. You can buy an individual license for $3,300, a multi-user license for $6,600, or a global user license for $7,300. The multi-user license allows up to five users to access the report, while the global user license offers unlimited access.
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We will walk you through the report’s summary so that you can determine whether purchasing a user license is the right investment for you.
Game Type
The report analyzes trends by game type. Online venues offer their customers many kinds of games. Some of the most popular types include table games, slots, and card-based games.Absolute Market Insights broke down each type of game that the report covers.
Slots are very popular in land-based casinos, and the report found the same to be true among online casinos. Slot games are designed to entice players of all types and age groups, which is why they are a major component of most online venues.
The report stated that table-based games, such as backgammon, roulette, craps, and baccarat, have been associated with requiring more chance than skill in order for players to receive a payout.
On the other hand, card-based games like blackjack and poker require more skill from players. These games bring in crowds for land-based casinos and have led to instances of cheating. Because of this, most venues have adopted anti-cheating measures in order to provide an even playing field for all players. Absolute Markets Insights predicts that, over the coming years, the online gambling industry will follow the land-based casinos lead and introduce more regulations designed to inhibit cheating. Reducing such behaviors will, in turn, increase the overall growth of online casinos.
Device Type
Another area the report delves into is the device type used to access virtual casino games. The summary explains that online casinos make games available to play across multiple kinds of devices, including mobile phones, tablets, and computers. Desktops and laptops are the devices that players typically use to access online gambling venues.
At first, online casinos only provided games to certain regions of the world, due to restrictions on internet gambling in many countries. However, as countries have begun issuing licenses to online operators, virtual casino games were hosted on an international level. In addition to this, smartphones and tablets that could access the internet have given rise to a larger customer base.
Over the past few years, mobile-based eSports has risen in popularity internationally. Online casinos now have the opportunity to design games that will provide mobile users with their desired eSports elements.
Region
The report also takes a close look at online casino growth among Europe, the Asia Pacific region, North America, the Middle East and Africa, and Latin America. Absolute Markets Insights found that online casinos are having a much greater rate of adoption in Europe due to favorable regulations and better marketing initiatives in the region. Europe is also the region experiencing the most growth within the eSports industry. However, throughout the rest of the forecast period (which lasts until 2027), the Asia Pacific region is predicted to come to the forefront of the online casino industry.
Key Companies in the Online Casino Market
The report covers developments among some of the gambling industry’s biggest online casinos. Such developments include mergers and acquisitions, collaborations, affiliations, and adopted contracts. The report will also study each key company’s global presence, primary competitors, special offers, and more. These companies include Betway Limited, Cherry Gold Casinos, White Hat Gaming, Royal Panda Limited, Kindred Group, Infinite Visions, and more.
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Industry Trends
According to the report’s summary, the international online casino market is predicted to reach $18882.85 million before the end of the forecast period. The market will grow at a Compound Annual Growth Rate of 10.2% between now and 2027.
Absolute Markets Insights believes that online casino activities are compatible with current social distancing measures. Due to boredom and stress, people are turning to online gambling to fill their free time and are primarily using slot games. The current surge in online gaming is predicted to drive a wave of activity that will last for the next 7-8 years. Absolute Markets Insights also predicts that, during the forecast period, many online casinos will implement sports betting sections.
Absolute Market Insights also found that users are enjoying playing with other players across the world, and the report predicts that casino-based games will take advantage of this trend.
Furthermore, the report called attention to the fact that online banking systems have allowed virtual casinos to offer instant payouts to their customers.
What Else Is Offered in the Report?
By looking at the report’s Table of Contents, one can see that Absolute Markets Insights also covers the following:
- Channeling investments, which is segmented by country, game type, and device type
- SWOT Analyses of various online casinos
- A “Key Findings” section
- A market comparison between historic years (2015-2017), the base year (2018), and forecast years (2019-2027)
- An overview of research methodology
- A holistic overview of the online casino market
Methodology
Absolute Markets Insights implements a mix of primary and secondary research when creating reports. The company uses resources such as trade journals, industry-related magazines, government websites, and related media to gather exact data. In addition to this, the company’s research conducts primary interviews to validate the market size that was determined during the secondary research. Absolute Market Insights contacts industry experts, key opinion leaders, development participants, and other major players. These comprehensive interviews take place via face-to-face conversations, video conferences, and mail.
