Online Gambling Software Market Expected to Grow at a CAGR of 12.45% to reach USD 165.34 Billion by 2030 – Leading Companies, Industry Trends and Share Analysis, Potential Application and Future Opportunities

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Dexterous market research

Geographically, Europe is expected to dominate the online gambling software market. During the forecast period, a sportsbook is likely to dominate the industry.

Dallas, Texas, Sept. 16, 2022 (GLOBE NEWSWIRE) — The Global online gambling software The market will reach an estimated market value of USD 165.34 billion with an expected CAGR of 12.45% during the period 2022-2030.

The opportunity for higher returns and extreme convenience is driving the global online gambling software market. Players receive a lucrative bonus when they sign up for online gambling games that attract customer traffic. The online gambling platform offers lucky spins for users to try their luck and win rewards. Bonuses earned can be beneficial for players to earn huge returns on low stake investments. The online gambling platform offers complete privacy and a peaceful environment to build a strategy that maximizes the winning percentage.

The rate of return is comparatively higher in online gambling due to the elimination of infrastructure and workers. Small bets can provide huge rewards, which significantly boosts the global gambling software market.

Furthermore, simplified payment procedures are a crucial factor for the growth of the global market. The online gambling software market can be categorized into sports betting, poker, online lottery, online casino and sports betting game types. Sports betting has gained immense popularity due to the huge rewards and entertainment. The availability of online gambling software facilitates the sports betting process and makes it lucrative to place bets. The development of advanced technologies along with wide mobile access will drive the global online gambling software market tremendously.

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Scope of Global Online Gambling Software Market:

Metric

Details

Study period

2022-2030

Market size in 2030

$165.34 billion

Segment covered

Type, by application, by region,

By type

online casino, sports betting, e-sports betting, online lottery, poker, others

By Covered Application

desktop, mobile, others

Regions covered

North America, Europe, Asia-Pacific, Middle East, Africa and South America

Profiled Key Players

Kindred Group PLC, The Flutter Entertainment PLC, Entain PLC and Bet365

The availability of lower wagering rates makes online gambling more attractive and expands the consumer base. The presence of numerous online sports betting platforms will increase the demand for the online gambling software market. The online gambling software offers the availability of economical gambling games with minimum investment and high returns. There are several payment methods available which are increasing the demand in the global market. In the era of digital transformation, online gambling enjoys immense promotional opportunities to expand its reach in the global market.

The global market has reached greater heights owing to the recent developments and innovations. Vax.ai collaborated with science games in March 2020 to deliver an enriched user experience based on artificial intelligence through online gambling software. Watch and Bet was launched by Kindred Group in April 2021 to allow users to watch and bet in real time. The Grand Traverse Group has collaborated with William Hill to provide bettors with a seamless betting experience while expanding the global market for online gaming software. “Gambling Responsible America” ​​was launched by Entain in July 2021 to guide customers with expert gaming resources to help them achieve professional gaming education. The implementation of the latest technologies and widespread use of mobile technology will significantly drive the growth of the global market.

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A major share of the global market will be captured by North America during the period 2022-2030. The use of advanced technologies and developments in the online gaming segment will significantly boost the growth of the regional market. The regulations and rules imposed by the government to develop the online gambling segment will benefit the online gambling software market. Huge investments are made by virtual game companies to improve user experience

Table of Contents Highlights:

1. Introduction
2. Research methodology
3. Market Outlook
4. Classification of Online Gambling Software Market by Type, 2018-2028 (USD Billion)
5. Online gambling software market classification by application, 2018-2028 (USD billion)
6. Online Gambling Software Market Classification by Region 2018-2028 (USD Billion)
7. Competitive landscape
8. Company Profiles
9. Appendix

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