MEA Online Gambling Market was valued nearly US$ 13.78 Bn. in 2020 and market size is estimated to grow at a CAGR of 8.19% & is expected to reach at US$ 23.91 Bn. by 2027.
Rising internet penetration and increased use of mobile phones by users to play online games from their homes and public places are driving the market. Factors such as easy access to online gambling, legality and societal acceptance, corporate sponsorships, and celebrity endorsements are also propelling market growth. The increasing availability of low-cost mobile applications around the world is expected to aid market growth.
MEA Online Gambling Market Scope and Research Methodology:
The goal of the report is to estimate MEA Online Gambling market sizes in various countries and segments in the past few years and project those values out for the next few years. Both qualitative and quantitative characteristics of the MEA Online Gambling industry have also been covered in the report. Furthermore, the MEA Online Gambling market research provides in-depth details on important variables such as motivating factors and constraints that are expected to determine the MEA Online Gambling market's future growth. Along with a detailed analysis of the competitive landscape and the product offerings of important companies, the report also includes prevailing opportunities for stakeholders to invest in the MEA Online Gambling market. The scope of the SMR report includes a detailed analysis of regional MEA Online Gambling markets. Both primary and secondary research was used to gather accurate inference for the MEA Online Gambling market report. Primary research sources include press releases, yearly reports, government websites, and the opinions of numerous specialists, analysts, experts, and researchers from different companies in the MEA Online Gambling industry. Political, social, economic and other market scenarios are examples of secondary sources. The data collected from these two methodologies were combined to create a report that provides information on the conditions required for higher growth.
MEA Online Gambling Market Overview:
As per the “MEA Online Gambling Market”, the market is expected to grow at a high rate during the forecast period (2021-2027). It includes Manufacturers, Regions, Types, Applications and Forecasts to 2029 which is the combination of meticulous primary and secondary research. The report thoroughly covers an analysis of insights in view of the MEA Online Gambling market.
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MEA Online Gambling Market Key Players include:
William Hill PLC
Bet365 Group Ltd.
Paddy Power Betfair PLC
Betsson AB
Ladbrokes Coral Group PLC
The Stars Group Inc.
888 Holdings PLC
Sky Betting and Gaming
Kindred Group PLC
GVC Holdings PLC
MEA Online Gambling Market Dynamics:
Despite strict Islamic restrictions on the expansion of the casino industry, most Middle Eastern countries allow visitors to view international websites. Because foreign online gambling operators are subject to fewer restrictions. As a result, Middle Eastern software companies are increasingly licensing their games to international online casinos that accept Middle Eastern players. Citizens of Lebanon, Israel, Egypt, and the United Arab Emirates, in particular, are now able to access internet casinos that are tailored to their specific countries.
MEA Online Gambling Market Segmentation:
Online poker has gained popularity, particularly among college students. The market is expected to grow rapidly due to the widespread popularity of online card games. Many sites accept deposits from major credit cards, online wallets, and even virtual currencies such as Bitcoin, which has contributed to the success of online poker over the years. The large number of games available to players fuels the segment even further.
The desktop segment dominated the market in 2019. PCs have a larger screen size than mobile phones and other devices, allowing gamblers to enjoy the game's aesthetics and fine features. For a better gaming experience, desktop performance characteristics such as screen clarity, sound volume, and storage capacity can all be tweaked.
MEA Online Gambling Market Regional Insights
A detailed analysis of the regional MEA Online Gambling markets includes factors influencing the market growth. Below are the regions studied for the report:
Key Questions answered in the MEA Online Gambling Market Report are:
Key Offerings:
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 17, 2023