NOIDA, India, September 15, 2022 /PRNewswire/ — According to a new report by UnivDatos Markets Insights the Internet sports betting market is expected to grow at a CAGR of over 10% from 2021 to 2027. The analysis was divided into game type (cybersports, soccer, basketball, hockey, cricket, other); device type (desktops and laptops, tablets and mobile devices); Area.
The report has been compiled by gathering informative data from various dynamics such as market drivers, restraints and opportunities. This innovative report uses multiple analyzes to provide a more detailed outlook of the Internet Sports Betting Market in a global context. This report provides a detailed analysis of the latest industry developments and trending factors affecting market growth. Additionally, this market statistical research repository studies and estimates the global Internet Sports Betting Market on regional and country levels.
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Market Overview
The growing number of sporting events due to the growing interest of the end consumers, an increasing number of sports enthusiasts and sports sponsorships around the world are also key contributors to the market growth. Overall, sports sponsorship has increased over the past 10 years. While $37.9 billion was spent on sports sponsorships in 2007, with another 50% spent in 2018. Some of the most watched sporting events in the world are the Tour de France – 3.5 billion viewers, Football World Cup – 3.3 billion viewers, Cricket World Cup – 2.6 billion viewers, summer games – 2 billion viewers, etc.
Also, the strong growth of digitization is the key factor attributed to the growing internet sports betting market. Cloud platforms are becoming increasingly popular to store data due to the recent global digital revolution and there has been a surge in online transactions and payments by business and retail customers. Thanks to the rapid rise of digital platforms and increasing internet penetration, consumers now have easy access to online sports betting platforms, which will drive the global sports betting industry throughout the forecast period.
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https://univdatos.com/report/internet-sports-betting-market/
The global Internet Sports Betting market report is thoroughly studied with several aspects that would help the stakeholders to make their decisions in a more curated way.
- Based on the game type, the market is divided into cyber sports, soccer, basketball, hockey, cricket and others. In 2020, the soccer segment acquired the majority share due to the growing popularity of soccer betting, especially in European countries. According to research conducted by the University of Bath, some young men said they can no longer watch a football match unless they have multiple bets; They typically have up to 25 accounts with online gambling companies, and their football conversations with friends are more about betting than the game.
- Based on device type, the market is segmented into Desktops & Laptops and Tablets & Mobiles. In 2020, the Tablet & Mobile segment captured the majority and dominated the market. The offers and bonuses offered by the companies also lead to the growth of the market. The Hard Rock Sportsbook app is currently running a promotion where you can get a risk free bet of up to $100 with your first deposit.
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The Internet Sports Betting Market is segmented by geography as follows:
- North America (United States, Canadaand rest of North America)
- Europe (Germany, United Kingdom, Italy, France, Spainand the rest of Europe)
- Asia Pacific (China, Japan, India, Australiaand the rest of Asia Pacific)
- rest of the world
Based on the region that Europe Region dominated the global internet sports betting market in 2020. Increasing disposable income and end-user interest in sport in countries such as the UK, France, Germanyetc. lead to the growth of the region. However, Asia Pacific would see a robust CAGR in the coming years.
Major players targeting the market include
- cyber bet
- Betway group
- Flutter entertainment
- Fortuna entertainment group
- William Hill Limited
- Unikrn Inc.
- Unibet
- kin group
- Enttain Plc.
- 888 Holdings Plc.
competitive landscape
The level of competition among prominent companies has been elaborated through the analysis of several leading key players operating in the global context. The specialist team of research analysts sheds light on various characteristics such as global market competition, market share, latest industry advances, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Internet sports betting market. The key players have been analyzed using different research methodologies to gain insights into the market competition.
Key Questions Answered by This Analytical Market Research Report Include:
- What are the latest trends, new patterns and advancements in the internet sports betting market?
- What factors are affecting the internet sports betting market during the forecast period?
- What are the challenges, threats and risks in the internet sports betting market?
- What factors are driving and inhibiting the internet sports betting market?
- What are the challenging regions of the internet sports betting market worldwide?
- How big will the market be in the coming years?
- What are the crucial market acquisition strategies and policies employed by the companies?
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About UnivDatos Market Insights (UMI)
UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing insights through market research reports, custom business research and primary research. Our research studies are spread over subjects all over the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We provide in-depth studies, in-depth analysis, and customized reports that help create winning business strategies for our clients.
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