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Online gambling software provider’s market share

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  

  1. 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.  

  1. Based On Device: The extraordinary increase in the growth of the gambling industry comes from the introduction of mobile games that people can play anywhere and anytime. Many people who didn’t fancy playing such games before may end up finding conviction when they eventually give the mobile version a try.  

However, the desktop segment as of 2019 still dominated the software market share and has not fallen off that much since then. Many people prefer playing games on the desktop because it provides them with the option of adjusting some features to their taste. These features may include graphics, picture quality, sound quality, and other game details.  

Mobile devices closely follow the desktop segment and promise to overtake it in the coming years. Mobile versions always offer incentives such as loyalty bonuses, free hits, first-time double deposits, etc.  

  1. Based On Region: When it comes to regional insight, Europe undoubtedly dominates the market in the 2019 survey, and this may be as a result of the legal status in most  European countries. At the of the survey, gambling was prohibited in most Asian countries and was legalized in European countries like France, Germany, Malta, Italy, and Spain. 

Also, most gambling sites in Europe are allowed to make adverts about their gambling sites, which is not so in other regions.  

Another major factor that inhibited the growth of online gambling in other regions is the scarcity of internet services and smartphones. Now that there is an increase in the development of internet services in places such as the Asia Pacific, the gambling market is likely to enjoy more overall growth in the coming years.  

In Conclusion  

Online software providers are the significant backbones behind the success of online gambling, and it is paramount that they keep experiencing growth in the gambling industry. Without continuous development, many of them may cease to exist after a while, and that is in no way good news for people who enjoy playing these online casino games.  

Fortunately, the growth in the industry is applaudable and encouraging enough for the software providers, as the market share is likely to gain even more growth in the next few years.  


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