The gambling industry has played a colossal role in the global economy over the past decade. The Casino Market team explains the promising future of the iGaming vertical and the reasons for investing in this area.
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Brief Overview of the Digital Market
The industry has experienced an unprecedented growth spurt in the 21st century, and it is now one of the fastest-evolving economic sectors in the world. This tendency can be explained by several factors, from a series of tech breakthroughs to a massive change in public opinion regarding gambling.
Analysis and assessment of the current iGaming field’s volumes:
- European market. Yahoo! Finance’s experts estimate the segment in 2024 at $52.30 billion. They expect the sphere to hit $88.16 billion by 2029.
- Latin America. Vixio’s specialists are confident that the regulated vertical’s annual revenue will jump to $6.75 billion by 2027.
- Asian sector. Statista’s analysts believe the niche’s earnings will exceed €10.8 billion by the end of 2024.
Such inspiring forecasts suggest that, from a financial point of view, the digital gambling field is the most promising for investment.
The BDM of Slotegrator, one of the leading gaming aggregators and business solution providers, also considers the market a great area for active contribution. In Ayvar Gabidullin’s opinion, the segment is characterised by fantastic flexibility, dynamism and technology acceptance rates.
The spokesman compared the gambling sector’s growth prospects with those of the BTC sphere. While the latter looks very promising, the former also offers a base for accurate calculations and independence from currency jumps. The iGaming market’s development boasts consistency, predictability and amazing potential.
Growing Popularity of the Segment: Reasons
In recent years, the gambling business has attracted the attention of millions of people, and its profitability figures and international reach continue to grow.
Let us explore the main reasons for increasing demand:
- Development of Internet technologies. Digitalisation renovated the amusement sector. Portals with slots, web sportsbooks, and their interactivity deliver better content accessibility and variety to players. Heightened convenience of use has notably contributed to the field’s growth.
- Rise of smartphones. Mobile casinos and similar projects allowed punters from regions with poor PC distribution and low-speed Internet to enjoy diverse types of entertainment. Telegram gambling apps revolutionised the entire sphere and streamlined access to RMGs.
- International expansion. Modern communications means have united people from different corners of the globe. Users dived into exploring each other’s culture-tailored games and other propositions. Now, Asians can bet on the American Super Bowl while Africans easily access Japanese pachinko.
- Improving regulations. More governments worldwide have started expressing positive attitudes towards gambling due to its numerous benefits. Countries legalise various digital and ground amusement verticals and are generally more open to innovations and new ways of attracting investment.
- Increasing quality. The graphics, features, audio effects, animation, mechanics, and other elements of casino games have significantly improved in the recent decade. Responsive client support and the spread of technologies like AI and VR have significantly impacted the acquisition of younger audiences.
- Contribution to the global economy. The pool of benefits goes far beyond just direct financial metrics. Besides revenue growth, states got new job offerings, ancillary business development, foreign investments, higher technology penetration rates, etc. As a result, governments have shown more acceptance of the sector.
- Better social acceptance. The mentioned factors have increased different populations’ interest in the iGaming segment. People are becoming more tech-savvy, open-minded, and curious about entertainment categories, which has led to the rapid expansion of the international audience.
Despite a dynamic boom in recent years, stakeholders still face some challenges that cannot be ignored. One of them is the principles of responsible gambling, which must be considered for the sake of society and the amusement field itself.
The Main Things About the Benefits of Investing in iGaming
The vertical continues to expand rapidly and has many long-term prospects. The key standard is to maintain a balance between profits and social responsibility.
Fundamental notions from the article:
- The gambling industry has played a colossal role in the global economy over the past decade.
- From a financial point of view, the gaming field is the most promising investment field. Impressive revenue forecasts prove this.
- The sector has grown in popularity due to the development of Internet and mobile technologies, international expansion, improving regulations, increasing quality, etc.
- Stakeholders still face some challenges that cannot be ignored. One of them is the principles of responsible gambling.
To learn how to invest efficiently in this industry, feel free to contact our managers.
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