DUBLIN--(BUSINESS WIRE)--Nov 24, 2020--

The “Analyzing the Global Online Gambling Industry 2020” report has been added to ResearchAndMarkets.com’s offering.

The report begins with an industry definition and moves on to the complete industry analysis. An analysis of global casinos and online gambling industry is carried out in section one. In this section the author looks at industry statistics, industry revenue growth, industry segmentation and the major products & services of online gambling and other services. They also analyze the major regions, industry trends, market share, industry competition and a look at what the future holds for the global casinos and online gambling industry. They also analyze the Global Online Gambling Industry in a Porter’s Five Forces Framework Analysis.

Next the publisher analyzes the factors that impact the global online gambling industry, including the COVID-19 pandemic, mergers and acquisitions, the impact of regulations in various countries, factors driving demand in the industry, industry costs, industry globalization, and the high barriers to industry entry, amongst other factors.

Moving on, they analyze online and mobile gambling versus traditional gambling. They also analyze the industry statistics for the global online gambling industry along with value analysis and an industry segmentation.

In any case, club betting had ascended to 35.1% in 2013 from 32% in 2007, according to the statistics on online gambling clubs. As indicated by the most recent statistics on online gambling amongst the USA gambling club guests, almost half (48%) played slot games, while 16% and 6% playing blackjack and poker, respectively. Roulette represented. Access new updated reports and statistics for the Gambling Industry in the World. Get the latest trends and understand the impact of the crisis on the market. Search industry reports, statistics & slideshows. Global Gambling Industry Market Research & Statistics. Monitor the impact on your business. Customer Support. Industry Trends. Online Gambling Market size surpassed USD 55 billion in 2019 and is anticipated to grow at 16.5% CAGR between 2020 and 2026. The advent of several new technologies, such as AI, VR, cyborg, and machine learning, will drive market growth. Browse through 41 Tables & 24 Figures spread over 118 Pages and in-depth TOC on “Global Online Gambling and Betting Market Size & Statistics 2017: Industry Trends, Growth Forecast up to 2024”.

A forecast for the global online gambling industry till 2023 is included in the report. This report also analyzes the major players in the global online gambling industry.

There is hardly any industry that has not been affected by the COVID-19 pandemic. The COVID-19 pandemic has had a huge impact on the global gambling industry. The pandemic led to the closure of casinos, gambling venues like bars, breweries, bingo halls, horse racing, and others, as well as lottery outlets. A suspension of sporting events also affected the gambling industry worldwide.

However, one industry that has seen a surge in growth has been the online gambling industry. The pandemic and the lockdown that followed led to a sudden surge in visitors to casino and gambling websites. In fact, due to people sitting locked up in their homes and not having anything exciting to do, many tried their hands at playing online slots or other live dealer games. Many online casino sites found new subscribers, while the regular players also made it a point to play online, marking a paradigm shift in the way the traditional gambling industry used to function.

About 51% of the world’s population takes part in some form of gambling every year, thus signifying obvious financial benefits from online gambling websites. With the expansion of the online gambling industry, players have come to expect only the highest quality of online gambling facilities. New features and regular system updates are needed to maintain the websites to stay ahead in the market. Online gambling may be rather intimidating to both a novice and an expert player because of the endless options on the internet. Casino.org is an online directory that aids gambling participants find the top online casinos that are safe, secure, anti-spam, tested and trustworthy from around the world.

Companies Mentioned

• 32Red Plc
• 888 Holdings Plc
• bet365
• Betfair
• Flutter Entertainment
• GVC Holdings PLC (Ladbrokes Coral Group)
• International Game Technology PLC
• Kindred Group Plc
• La Francaise Des Jeux
• Netplay TV Plc
• Playtech Plc
• Scientific Games
• Sportingbet
• The Stars Group
• William Hill Plc
• Zynga

Key Topics Covered:

1. Executive Summary

2. Industry Definition

3. Global Casinos & Gambling Industry

3.1 Industry Overview

3.2 Industry Value Analysis

3.3 Industry Segmentation

3.4.1 Segmentation by Categories

3.4.2 Segmentation by Regions

4. Global Online Gambling Industry

4.1 Introduction

4.2 Industry Overview

4.3 Industry Value Analysis

4.4 Industry Revenue Growth

4.5 Industry Segmentation

5. Global Online Gambling Industry: Major Products & Services

5.1 Overview

5.2 Online Gambling

5.3 Other Services

6. Global Online Gambling Industry: Analysis of Major Markets

6.1 Europe

6.2 France

6.3 United Kingdom

6.4 North America

7. Global Online Gambling Industry: Porter’s Five Forces Strategy Analysis

7.1 Introduction

7.2 Bargaining Power of Buyers

7.3 Bargaining Power of Suppliers

7.4 Competitive Rivalry in the Industry

7.5 Threat of New Entrants

7.6 Threat of Substitutes

8. Factors Impacting the Industry

8.1 Impact of COVID-19

8.2 Industry Trends

8.3 Impact of Mergers & Acquisitions

8.4 Impact of Regulations

8.4.1 US Regulations

8.4.2 France Regulations

8.4.3 Germany Regulations

8.4.4 Italy Regulations

8.4.5 UK Regulations

8.5 Factors Driving Demand

8.6 International Trade & Impact

8.7 Industry Costs

8.8 Increasing Globalization in the Industry

8.9 High Barriers to Entry

8.10 Impact of Technology

9. Industry Competition & Market Share

10. Online/Mobile Gambling versus Traditional Gambling

10.1 Introduction

Global Gambling Industry Statistics Definition

10.2 Retail Gambling

10.3 Growth of Online & Mobile Gambling

11. Global Online Gambling Industry: Forecast

12. Major Industry Players

13. Glossary of Terms

For more information about this report visit https://www.researchandmarkets.com/r/e8m3dz

View source version on businesswire.com:https://www.businesswire.com/news/home/20201124005544/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: CASINO/GAMING ENTERTAINMENT

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 11/24/2020 06:48 AM/DISC: 11/24/2020 06:48 AM

http://www.businesswire.com/news/home/20201124005544/en

Source: Newzoo; Statista

Gamers are not the minority TV and film paint them out to be. Newzoo reports there were 2.47 billion gamers in the world by the end of 2019. Growth has been steady with an average of 5.9% Year-on-Year (YoY) increase. 2020 figures are forecasted to reach 2.6 billion gamers that will earn the global games market an estimated $165 billion.

Games revenues for 2019 reached over $148 billion with 48% of market earnings generated by the Asia Pacific region. Growth in APAC was driven by demand from its 1.3 billion gamers.

The rise of subscription gaming services and cloud gaming has opened income opportunities beyond the sales of game titles and gear. Independent game developers can develop and launch their games without the need for a game publishing company. Gamers, on the other hand, can earn from tournaments and streams from their social media channels.

This article explores the number of video gamers, the biggest gaming markets, and other aspects of the gaming industry by digging deep into the categories below:

Gamers’ Geographical Breakdown

Gamers make up a third of the world population and they are found everywhere. Leading the market in number of gamers and revenue is China.

China was a late starter in the gaming space with a small market compared to other mature gaming markets. The Chinese government actually enforced a 14-year ban on game console imports and sales amidst fears of the youth developing gaming addictions. The PC games market, not included in the ban, flourished.

PC-based gameplay soon gave way to microtransactions, and then social network games like the once overly popular Farmville, and eventually, mobile games in the vein of League of Legends.

Since 2015, a year after the game console ban was lifted, China has earned more gaming revenue than the US, with the figures reaching a record high in 2016 and then slowing down in 2018, when another government measure saw new games licenses being frozen due to renewed fears of gaming addiction among the youth.

Source: Statista; FinancesOnline market projection

Top 10 Countries By Gaming Revenue

The Asia Pacific region is well represented in the list with China, Japan, and the Republic of Korea placing in the top five. Combined revenues for the three countries surpass the revenues of the remaining countries put together.

Source: Newzoo

The Biggest Gaming Market

As of October 2019, China has 640 million gamers, the biggest number of gamers in the APAC region and the world. This translated to $36.5 billion in revenue for 2019. The license freeze in October 2018 slowed down the rate to 5.3% YoY growth compared to the 23% increase in 2017.

The US trails China with over 211 million gamers. The figures vary depending on the source and demographics counted but it is estimated that 67% of Americans play video games on various consoles with more than half playing on mobile phones.

Latin America and Southeast Asia are the fastest-growing gaming markets, with 253 million and 227 million gamers, respectively. Other important markets are the UK with $4.7 billion in market revenue and over 37 million gamers, and India with a gaming market value of $1.5 billion and a gamer count of 300 million.

Source: Newzoo; FinancesOnline market projections

China and the US are head to head in Newzoo’s Global Games report for 2019, with each country’s gaming markets worth $36.5 billion and $35.5 billion, respectively.

Source: Newzoo

The Southeast Asian region saw an enormous expansion in its mobile games segment. Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam are leading the way with $4.3 billion in revenues for the mobile segment alone.

Source: Newzoo

The biggest gaming markets per region include Mexico for Latin America with $1.8 billion in revenue, Turkey with $826 million for the Middle East, Germany for Western Europe with $6 billion, and Russia generating revenue of $1.8 billion for Eastern Europe.

Gaming Devices and Platforms

The games market can be broadly divided into five segments: browser PC games, console games, downloaded/boxed PC games, smartphone games, and tablet games. Smartphone games have the biggest slice of the pie with a 37% market share, followed by console games with 30%.

A contraction in the number of console hardware, peripherals, and titles sold worldwide led to adjustments in market projections for 2019 revenue — from $47.9 billion down to $45.3 billion.

The longer release cycle for new console models is a contributing factor to lower hardware sales. Gamers would rather wait for new console models instead of spending on current generation games.

Market Share per Gaming Platform

Mobile gaming makes up almost half of the total market with a combined smartphone and tablet gaming revenue of $68.2 billion. All segments have positive growth except browser PC games which dropped -15.1%.

Source: Newzoo

Source: Newzoo

Number of Gaming Consoles Sold

2018 saw gaming consoles sold limited to five models from three major console manufacturers – PlayStation, Nintendo, and Xbox. Limelight Networks’ online gaming report found that video gamers aged 26-35 preferred using gaming consoles over computers and mobile phones.

Source: Statista

2019 gaming console sales grew 7.3% from the previous year but is forecast to be static at 31% from 2020 to 2022. Market analysts predict 2020 will be a slow year for console sales; the lowest since 2015.

Source: Newzoo

Cloud gaming is also forecast to put a dent on future gaming console market share despite the lukewarm reception to Google Stadia. The concept of gaming with no expensive hardware may give gamers pause to upgrade their current consoles and switch to a cloud gaming service instead. There is also the much anticipated Microsoft xCloud, still under development but will see release sometime in 2020.

Gamers’ User Profile

The real-world gamer demographic is more complex than the stereotypical gamer persona of a 30-something man-child living in their mother’s basement. The Entertainment Software Association released a study about the background and demographics of the American gamer with the following surprising insights: they’re civically involved, exercise more compared to non-gamers, and get the same amount of sleep as their non-gaming counterparts.

The average adult gamer prefers to play casual games on a smartphone. Close to 80% do so as they believe games provide mental stimulation and are a way to relax. Gamers are also educated; 52% have a degree.

Income does not have much bearing with gamers consistently purchasing hardware and titles across a range of incomes from less than $49,000 to $89,000 a year.

Source: Earnest

Gamers’ Age Range and Gender Split

Gamers range in age from children under 18 to post-Boomers 70 and up. 65% of American adults are gamers with an average age of 33 years old. The age range is split into four segments with Millennials as the biggest group.

Gamers' Age Distribution (2019)

Source: Statista; Entertainment Software Association

Three out of four American households have a gamer and 64% of American households own a gaming device. Over 70% of parents believe playing video games are educational. Nearly 60% of parents play video games with their children at least once a week.

Global Gambling Industry Statistics Articles

The gender split has a slight skew in favor of male gamers at a 54% to 46% ratio in the US. The average gamer age is 32 years for men and 34 years for women. The highest percentage of female gamers in the world belong to Japan, where 2 out of 3 gamers are female.

Source: Entertainment Software Association

Male millennial gamers are the biggest market for gaming consoles while male Baby Boomers have a preference for playing games using a computer. The remaining favor using mobile devices for their gameplay. Among adult gamers, 60% prefer using a smartphone device, 52% a personal computer, and 49% use a gaming console.

Over half of gamers identify as casual gamers—playing titles like Tetris, Candy Crush, and Solitaire. Men are more likely than women to identify as expert gamers and aspiring professionals. Women are more likely to categorize themselves as novice or casual gamers.

Types of Gamers

Over half of gamers identify as casual gamers—playing titles like Tetris, Candy Crush, and Solitaire. Men are more likely than women to identify as expert gamers and aspiring professionals. Women are more likely to categorize themselves as novice or casual gamers.

Source: Limelight Networks

Gamers over the age of 45 are more likely to consider themselves casual players — gaming after work, during a commute, or while waiting for appointments. A combined 12.2% from the segments of 18-25 and 26-35 year old segment dream of making a career out of gaming. Professional video game players can earn anywhere between $5,000 to $20,000 monthly and hundreds of thousands to a cool million in prize money for tournaments.

Time Spent Playing Video Games

Dropping in an hour to two a day, gamers spent an average of 7.11 hours a week playing video games in 2019; a marked increase of 19.2% from 2018’s 5.96 hours. Male video gamers clocked in 7.89 hours each week compared to 6.28 hours for female gamers.

Average Gaming Time Per Region

Germany has the highest weekly average game time of almost 8 hours of gameplay a week while South Korea has the lowest with 6.69 hours. Both grew by 31% and 51% respectively from last year’s results. The US and Germany are tied with 12% of respondents reporting they played 20 or more hours a week.

Source: Limelight Networks

Average Gaming Time Per Age and Gender

It’s a no-brainer that across the age groups of gamers, 26-35 year olds play the longest as the Millennial segment makes up a large part of the gaming market (40%). The 26-35 year old segment is also the most likely to play at work; close to half in the age group play each month at their workplaces.

Source: Limelight Networks

The average gaming duration is 1.37 hours. The country with the shortest consecutive gaming hours is Italy with 1.09 hours of gameplay while the longest is Singapore with 1.57. Age-wise, the segments withthe longest and shortest gameplay are the 18-25 year olds with 1.97 hours and the over-60 with 0.97 hours a day.

Gaming is a social and shared experience. Games are played in cooperation and competition with friends and strangers alike: 2 out of 3 gamers play with others. Adult gamers play with their friends 4.8 hours online and 3.5 hours in person.

Men play 1.61 hours longer than women. Although not common, a portion of gamers can play 12 or more hours—23% for men and 15.9% of women.

Problem Gambling Statistics

Average Weekly Gameplay Hours per Gender (2019)

Male

Female

Global Gambling Industry Statistics Since

Source: Limelight Networks

Payment Method of Choice for Gaming-Related Purchases

The video game industry makes money not only from game titles and hardware sales. Microtransactions for upgrades such as downloadable content are worth over $6 billion annually. Exchanges are facilitated through credit and debit card transactions. Credit cards are the preferred payment method but security and usability concerns make gamers wary.

E-wallets are gaining support: 26% choose PayPal as the preferred payment method for in-game purchases. Other payment methods include WeChat Pay, Google Pay, and Apple Pay.

Source: Statista

Youth Gambling Statistics

Gaming Monetization and Revenue

Global Gaming Industry Statistics

There are over 2,400 video game companies worldwide, providing employment for hundreds of thousands and generating revenues over $150 billion in 2019. Video game monetization has extended to other avenues such as Esports and streaming gameplay on YouTube and Twitch.

Source: Mediakix, Twitch, Youtube, Caffeine.tv

Source: Wondershare, Twitch, Youtube

Esports has been recognized as a potential sporting activity by the International Olympic Committee in 2017. It made its historic debut as a medal sport in the 30th South East Asian Games. Intel will host an Esports tournament prior to the 2020 Summer Olympics in Tokyo. Though not part of the Olympic games, exposure will steer discussions on Esports’ validity as a competitive sport.

Source: Newzoo

Sources: