NOIDA, India, September 15, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights Internet sports betting market is expected to grow at a CAGR of more than 10% from 2021-2027. The analysis is segmented into Game Type (Cybersports, Football, Basketball, Hockey, Cricket, Others); Device type (desktops and laptops, tablets and mobile); Region/Country.
The report is aggregated by collecting informative data from various dynamics such as market drivers, constraints and opportunities. This innovative report uses various analytics to better understand the Internet sports betting market in the global context. This report provides a detailed analysis of the latest industry developments and trend factors influencing the market growth. Moreover, this statistical market research repository surveys and estimates the global internet sports betting market at regional and country level.
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Market overview
The growing number of sports events due to the growing interest from end users, the increasing number of sports enthusiasts and sports sponsorship around the world are also important factors contributing to the market growth. Overall, sports sponsorship has increased over the past 10 years. While $37.9 billion was spent on sports sponsorship in 2007, another 50% in 2018. Some of the most watched sporting events in the world are the Tour de France – 3.5 billion viewers, World Cup football – 3.3 billion viewers, World Cup cricket – 2.6 billion viewers, Summer Games – 2 billion viewers, etc.
Also, the robust growth in digitalization is the main factor attributed to the growing internet sports betting market. Cloud platforms are becoming increasingly popular for storing data as a result of the recent global digital revolution, and there is a surge in online transactions and payments among commercial and retail customers. Consumers can now easily access online sports betting platforms thanks to the rapid rise of digital platforms and increasing internet penetration, which will propel the global sports betting industry forward over the forecast period.
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https://univdatos.com/report/internet-sports-betting-market/
The global internet sports betting market report has been studied in depth with various aspects that would help stakeholders make better their decisions.
- Based on the game type, the market is split into cyber sports, football, basketball, hockey, cricket and others. In 2020, the football segment gained the majority share thanks to the growing popularity of football-related 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 usually have up to 25 accounts with online gambling companies, and their football conversations with friends are all about betting, rather than the game.
- Based on the type of device, the market is divided into desktops & laptops and tablets & mobile phones. In 2020, the tablet & mobile segment took the majority share and dominated the market. The offers and bonuses given by the companies also lead to the growth of the market. The Hard Rock Sportsbook app is currently running a promotion where you will receive a risk free bet of up to US$100 with your first deposit.
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Geographical segmentation of the internet sports betting market includes:
- North America (United States, Canadaand the 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, the Europe region dominated the global internet sports betting market in 2020. Rising disposable income and rising end-user interest in sports in countries such as UK, France, Germany, etc., lead to the growth of the region. However, Asia-Pacific would witness a robust CAGR over the next few years.
The key players targeting the market include:
- Cyber bet
- Betway group
- Flutter entertainment
- Fortuna Entertainment Group
- William Hill Limited
- Unikrn Inc.
- Unibet
- Related group
- Entain Plc.
- 888 Holdings Plc.
Competitive landscape
The degree of competition between leading companies has been elaborated through an analysis of several leading players operating in the global context. The specialized team of research analysts sheds light on various characteristics such as global market competition, market share, latest industry developments, innovative product launches, partnerships, mergers or acquisitions by leading companies in the industry. Internet sports betting market. The key players have been analyzed using different research methodologies to understand the market competition.
The key questions solved by this analytical market research report include:
- What are the latest trends, new patterns and developments in the internet sports betting market?
- What factors will influence 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 restricting the online sports betting market?
- What are the demanding regions of the Internet Sports Betting market worldwide?
- What will the market size be in the coming years?
- What are the crucial market acquisition strategies and policies adopted by the companies?
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About UnivDatos Market Insights (UMI)
UnivDatos Market Insights (UMI) is a passionate market research agency and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research and Primary Research. Our research studies are spread across topics around the world, we cover markets in more than 100 countries using smart research techniques and agile methodologies. We provide in-depth studies, detailed analysis, and custom reports that help shape winning business strategies for our clients.
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