The global online gaming market is anticipated to grow with a considerable CAGR of 11.9% during the forecast period (2020-2026). The increasing options to play from starting from simple games such as Solitaire to massively multiplayer online games (MMOG’s) with whole virtual universes is the major factor influencing the growth of the market.
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Online games are popular at every age group, for instance, older generations generally top the use of simple single-player games while the young generation opts for the category of war games. In addition to this, some educational online games are also available for children. Therefore, the high popularity of online games at every age group is driving the growth of the online gaming industry.
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Furthermore, online gaming also provides the flexibility to play with distant friends or anonymous players. This is also expected to fuel the market growth during the forecast period as most of the families are nuclear nowadays.
The global online gambling market size is expected to reach USD 127.3 billion by 2027. Increasing usage of smartphones as a medium of gambling, rising internet penetration, easy access to gambling, and corporate endorsements are some of the major growth factors. Online Gambling Market Worth $102.97 Billion by 2025 CAGR: 11.5%: Grand View Research, Inc. PR Newswire SAN FRANCISCO, Aug. 27, 2019 SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ - The global. When it comes to online gambling and demographic statistics, a UK study concludes that 17% of the population gamble online, resulting in £5.3 billion revenue for the online market alone. 20, 2021 (GLOBE NEWSWIRE) - The 'Analyzing the Global Online Gambling Industry 2021' report has been added to ResearchAndMarkets.com's offering. There is hardly any industry that has. Therefore, regulation of online casinos in the state is expected to increase the number of downloads of various online casino games and add more revenues in the overall online gambling market.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Online Gaming Market Report Segment
By Game Type
Online Gambling Market Size
- Role-Playing Game
- Action & Adventure Games
- Racing Games
- Simulation Games
- Strategy Games
- Sports Games
- Other Games
By Device Type
- Mobile Devices
By Revenue Model
Global Online Gambling Market
- Free Gaming Services
- Paid Gaming Services
Global Online Gaming Market Report Segment
- United States
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World
- Activision Blizzard, Inc.
- Amazon.com, Inc. (Luna)
- Apple Inc.
- Bandai Namco Entertainment Inc.
- Electronic Arts Inc.
- Epic Games, Inc.
- Gameloft SE
- Krafton Inc.
- Leyou Technologies Holdings Ltd.
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