According to the document introduced by Zion Market Research, the value of the worldwide digital poker sphere was estimated at $ 86.2 billion in 2022. With the current developmental dynamics, it has the potential to reach $ 237.5 billion by 2030.
Industry Outlook
The worldwide famous card game became a huge hit almost immediately. It used to be a limited market and eventually grew into a large industry. The pioneer poker website was created in the late 1990s.
In the early 2000s, things started getting more serious when an unprofessional player Chris Moneymaker won $ 2.5 million in the World Series of Poker (WSOP). The demand for such tournaments skyrocketed in one night. The gambling audience was excited about the very idea of making a huge profit out of their hobby.
Key Report Highlights
Online poker became more available with the growing potential of smartphones across the world. Players do not have to sit at their desktop computers to enjoy the game. Instead, punters can register on the gambling site, deposit money, place bets, and start sessions whenever and wherever they feel like it.
Software developers aim to integrate technological advances to improve the user experience. For example, VR became a perfect solution for simulating real-like settings. Players can act in the «fake» world using professional equipment. They surely enjoy a live gaming adventure, clear sound effects, and high-quality visual design, which reveal the new space for growth.
Some more highlights mentioned in the official research study are as follows:
- the global implementation of cryptocurrencies as an effective payment method;
- the higher density of web users;
- the presence of affordable software for betting activities, etc.
Growth Dynamics
The Groupe Speciale Mobile Association (GSMA), an organisation representing the interests of operators across the world, brought out their research data. The specialists explored the use of communication technologies by the public.
A few primary statements made about the online poker segment include:
- 5.44 billion people worldwide have mobile devices;
- 5.16 billion users are connected to the Web by 2023;
- 80% of all mobile gadgets are smartphones.
Segmentation Specificity
The international digital poker field is split into sectors. Regarding the end user, there are enthusiasts, dabblers, and social exuberants. The first ones build the largest share due to their ultimate interest in the game and the desire to constantly grow in this area.
Considering the gadget type, players prefer either a mobile or desktop format. Despite the growing role of the first segment, the second one remains the absolute leader.
Based on the location, players can enjoy their gaming experience right from their homes and from different devices. Moreover, they can do it 24/7.
Regional Development
Internet poker has broad geography leaving no continents untouched. Some regions have already demonstrated crazy results.
The major regional trends look like this:
- Europe remains an absolute leader in the legalisation of gambling content such as poker and other activities. The local Commission has high connectivity objectives in EU households. This will have a direct impact on the optimisation of gambling operations in the region.
- North America takes part in the growing digitalisation by bringing secure mobile developments. In the US, some states have already addressed the market application demand. For instance, Gambling Responsibly America is a high-tech initiative that helps those who suffer from gaming problems.
- Asia has a huge potential to grow at the increased Compound Annual Growth rate (CAGR). The states like Singapore and Thailand demonstrate the more active use of web services and the ease of rules enabling smooth online betting and gaming activities. By 2025, the amount of monthly mobile data in the continent may jump from 9.2 GB to 28.9 GB per person.
Current Situation in the Field
Regardless of previous difficulties, the internet poker sector has strengthened its position. The superficial calculation says that the market size may reach up to $ 8 billion. There are plenty of poker sites, each offering real money games and special events. One of the main contributors to the segment is the growing use of portable devices. Gamblers can now access their profiles and have fun on smartphones or other mobile gadgets.
We should not exclude the growing value of eSports. It is hard to find someone who would not know about international Dota 2 or LoL championships. These massive eSports events have a huge army of followers around the world.
Key Prospects
The potential of the global internet poker sphere depends on the legalisation of gambling activities across the world. Punters automatically receive more opportunities to enjoy their favourite games without worrying about safety.
The integration of blockchain technology plays not the last role in the iGaming revolution. Crypto-friendly sites guarantee well-secure payments with limited regulations. Depositing and withdrawing money are getting more convenient for the average user.
Follow the recent trends in the web poker sector. Contact Casino Market to add the best card games to your collection. We can also create a new one upon individual request.
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