LONDON--(BUSINESS WIRE)--Nov 26, 2019--

The global sports betting market is expected to post a CAGR of nearly 9% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global sports betting market 2018-2022. (Graphic: Business Wire)

With the emergence and high penetration of the digital platform, punters have the flexibility to place bets on sports, from any part of the world. Internet gambling is one of the fastest growing sectors of the e-commerce industry. Gamblers have more confidence as the entire process is digitalized, and the chances of error and fraud are low. Digital revolution also offers anonymity to gamblers. Therefore, the emergence of the digital revolution and its high usage in the sports industry will drive the revenue generation in the sports betting industry, which will boost market growth during the forecast period.

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As per Technavio, the popularity of virtual sports betting, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Sports Betting Market: Popularity of Virtual Sports Betting

The rising fascination of online and sports video games encourages bookmakers to opt for virtual sport betting. On top of that, virtual betting is non-biased as it picks the outcome from a computer algorithm. It is also equipped with highly advanced and innovative graphics that attract players. The high-quality videos of matches and events offer expansive opportunities for punters in the online betting platforms market. These factors will propel the global sports betting market growth during the forecast period of 2019-2023.

“The usage of betting tools and the legalization of sports betting are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Sports Betting Market: Segmentation Analysis

This market research report segments the global sports betting market by platform (online sports betting and offline sports betting) and geographical regions (Americas, APAC, and EMEA).

The Americas region led the market share in 2018, followed by EMEA and APAC respectively. During the forecast period, the Americas region is expected to maintain its dominance over the global market. This is due the growing popularity of sports betting and increasing number of initiatives taken to legalize it.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: OTHER SPORTS SPORTS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/26/2019 04:30 PM/DISC: 11/26/2019 04:30 PM

http://www.businesswire.com/news/home/20191126005503/en