The growth of the gambling industry has witnessed an overwhelming rise in the past years, thanks to the digitalization of casino games and other forms of betting. As immense as the growth has been in recent times, the gambling industry experienced an even more significant surge during the peak of the COVID-19 when there was a global lockdown. This surge was a result of people playing more online gambling as a means of passing the time and passively earning money while they went on with their regular jobs remotely.
Before the pandemic, the software provider market share was somewhere below $66 billion, but between then and 2021, the market experienced massive growth of about 11.2%, taking the market size to over $74 billion. This significant increase came from people experiencing boredom at home during the lockdown and finding a means of entertainment on the internet. You can check out this site to understand the kind of games people engaged in during that time. Many of the people that fell in love with these games back then are still very much actively involved with those games to date.
As a result, the software provider’s market share is likely to experience more growth in the coming years. Analysis suggests that the market share may witness around 11.4% growth between 2021 and 2028. If this materializes, it will take the market size to a total of about $158 billion by 2028. How online gambling software provider’s market share is measured
> Based On Type: When measuring the growth of software provider’s market size, one of the significant facts that the CAGR considers is the type of betting. The subdivisions are casinos, sports betting, poker, bingo, etc.
Before the pandemic, sports betting held the most significant ground due to the rise in the digitalization of platforms globally. Recently, online poker has gained prominence, and it’s at an all-time high. The swift growth of online poker and other casino games is associated with the convenience of playing and the wide range of options available.
start=”2″> Based On Device : The extraordinary increase in […]
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