PUBLISHER: Value Market Research | PRODUCT CODE: 1392301
PUBLISHER: Value Market Research | PRODUCT CODE: 1392301
The global demand for Internet Sports Betting Market is presumed to reach the market size of nearly USD 198.76 BN by 2030 from USD 105.26 BN in 2022 with a CAGR of 8.27% under the study period 2023 - 2030.
Internet sports betting refers to the act of placing wagers on various sports events or outcomes through online platforms. This form of betting allows individuals to participate in sports gambling activities using the internet, utilizing websites or mobile applications provided by bookmakers or sportsbooks.
The Internet sports betting market is flourishing, propelled by several key drivers. Foremost is the convenience and accessibility it offers, allowing users to place bets from anywhere via online platforms or mobile apps. The global reach of these platforms enables betting on sports events worldwide, broadening the market's appeal. Diverse betting options, including live/in-play betting, attract users with varied preferences, enhancing engagement. Bonuses, promotions, and incentives provided by online sportsbooks, such as welcome bonuses and free bets, contribute to user attraction and retention. Technological advancements, secure online transactions, and user-friendly interfaces have improved the overall betting experience. Information-rich platforms offering statistics and analyses assist users in making informed betting decisions. Regulatory changes, partnerships, and increased social and cultural acceptance further drive the market's expansion. While these factors fuel growth, considerations of responsible gambling practices and adherence to local regulations remain crucial in the dynamic landscape of internet sports betting.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of internet sports betting. The growth and trends of internet sports betting industry provide a holistic approach to this study.
This section of the internet sports betting market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Internet Sports Betting market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Internet Sports Betting market include 888 Holdings plc, Betway Group, Cyber Bet, Entain plc, Kindred Group, Flutter Entertainment plc, Unikm Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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