Gambling Software Market Size Worth USD 141.91 Billion in 2028

The global gambling software market size reached USD 54.84 Billion in 2020 and is expected to register a revenue CAGR of 12.7%, during the forecast period, according to latest analysis by Emergen Research. Rising popularity of online gambling is a key factor driving global gambling software market revenue growth. In addition, increasing adoption of digital currency in online gambling is another key factor contributing to revenue growth of the global gambling software market.

Rapid growth in number of Internet and smartphone users globally coupled with ubiquity of Internet has raised significant amount of interest in online gambling among betters. With online betting becoming more refined and systematic, there is an increasing demand for online betting platforms, which is expected to propel growth of the market. The slow and steady legalization of online gambling in various countries is driving increasing popularity of online mobile casinos and prompting players to shift preference from land-based casinos to online gambling and betting. Online gambling offers various benefits to players such as easy accessibility, greater convenience, mobility, reliability, bonuses, rewards, and more gaming options, which is expected to drive growth of the global gambling software market.

Some Key Highlights From the Report

Cloud-based segment is expected to account for largest revenue share over the forecast period due to rising shift towards virtualization, growing popularity of cloud gaming and increasing adoption of online casino cloud solutions to increase consumer engagement and improved user experience.
Mobile segment revenue is expected to expand at a robust CAGR over the forecast period due to rising popularity of mobile gaming, availability of mobile optimized slot games, and growth in number of smartphone users globally.
Sports betting segment is expected to account for largest revenue share over the forecast period owing to rising popularity of international sporting events, increasing number of advertising and promotional events conducted by sports betting firms to promote online sports betting, and rising adoption of sports betting software.
Europe is expected to account largest revenue share over the forecast period due to high popularity of sports betting and online casinos, growth in number of gambling sites, easy access to online gambling, and favourable regulations pertaining to online betting.
Some major companies operating in the global market Cryptologic Inc., Microgaming, International Game Technology PLC, Softswiss, GammaStack, Sporttrade Inc., RealTime Gaming Asia Pte., Ltd., PointsBed Holdings Ltd., Playetch Plc, and edict egaming GmBH.
In May 2021, Sporttrade Inc. announced the launch of sports betting platform to offer its customers a fair and transparent betting environment. The new platform will allow players to trade sporting events and improve their overall betting experience.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/gambling-software-market