With the evolving technologies and the global internet revolution reshaping the traditional gambling markets, a study reveals that global online gambling will be worth $94 billion in the next five years.
Zion Market Research, in its study of the gambling market across the globe, finds that in five years the gambling market will be worth $94.4 billion – nearly doubling itself from $45.8 billion reported about two years ago.
The growth estimates represent a 10.9 percent compound annual growth rate (CAGR) for the global online gambling industry between 2017 and 2024.
Talking about its latest report on the global online gambling markets, Zion says that “The report gives a transparent view of the online gambling & betting market. We have included a detailed competitive scenario and portfolio of leading vendors operative in online gambling & betting market.
To understand the competitive landscape in the online gambling & betting market, an analysis of Porter’s Five Forces model for the online gambling & betting market has also been included. The study encompasses a market attractiveness analysis, wherein game form, component, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.”
The report also highlights that the major contributor to the significant growth estimates is the evolving regional markets in countries like Poland, Malta, the Czech Republic, France and more.