Global Sports Betting Market, By Platform (Online and Offline), Application (Draw games, Instant Games, Lotto, Numbers Games, Others), Type (Line-In-Play, Fixed Old Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Pari-Mutuel, and Others) and Sports Type (Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Riding, Auto Racing and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Sports Betting Market
Sports betting market is expected to grow at a CAGR of 9.99% in the forecast period of 2020 to 2027. Data Bridge Market Research report on sports betting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Sports betting is a gaming practise involving forecasting the results of any athletic activity and making the wagers as necessary. Different sports come under this heading, including horse racing, football, poker and many others. This segment provides enormous growth opportunities for both individuals and bettors in the sport.
Rapidly the adoption of internet-based devices such as smartphones and tablets allows maximising the interaction time with end users by engaging them with online gaming practises with the least impact on everyday activities. Smartphones are thus expected to play a significant role during the forecast period in the acceptance of sports betting by end users.
Increasing smartphone penetration along with the adoption of video streaming and instant messaging services has fuelled online sports betting growth through mobile devices. This is expected to have an indirect impact on consumer interface by developing improved smartphone apps. The application of 5G networks is expected to encourage the acceptance of smartphone-based betting over the forecast period that boosted the market for sports betting.
This sports betting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research sports betting market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sports Betting Market Scope and Market Size
Sports betting market is segmented on the basis of platform, application, type and sports type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of platform, the sports betting market is segmented into online and offline.
- On the basis of application, the sports betting market is segmented into draw games, instant games, lotto, numbers games and others.
- Based on type, the sports betting market is segmented into line-in-play, fixed old betting, exchange betting, daily fantasy, spread betting, e-sports, pari-mutuel, and others.
- Based on sports type, the sports betting market is segmented into football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing and others.
Sports Betting Market Country Level Analysis
Sports betting market is analysed and market size, volume information is provided by country, platform, application, type and sports type as referenced above.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Due to the increasing awareness of sports betting in developing regions of China, India, among others, the Asia-Pacific region held the most significant share of the sports betting market in value terms. The demand for sports betting in North America is expected to see a significant growth rate over the projected timeframe.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sports Betting Market Share Analysis
Sports betting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sports betting market.
The major players covered in the sports betting market report are William Hill, GVC Holdings, 888 Holdings, Kindred Group, Paddy Power Betfair, Amaya gaming, Bet365 Group, Bet-at-home.com, BetAmerica, Betfred, Betsson, Draft Kings, Fan duel, Gala coral group, Ladbrokes, Sportech, TVG, Twinspires, Watch and Wager among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.