Global Sports Betting Market size was valued at US$ 142.68 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.84% through 2022 to 2029, reaching nearly US$ 280.99 Bn.
Global Sports Betting Market Overview:
This study’s objective is to present a thorough market segmentation by geographic regions and product types, as well as an overview of the Global Sports Betting industry. The analysis includes major information on market positions of the top Global Sports Betting organizations as well as significant industry trends and opportunities.
The study also includes information on the major players in the Global Sports Betting market, such as company biographies, product images and specifications, production capacity, pricing, cost, and contact information. In this study, market volume, value, and trends are examined at the corporate, regional, and global levels. The entire Global Sports Betting Market Size is examined from a worldwide standpoint in this study, and future trends are predicted using historical data.
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Market Scope:
In-depth primary research was undertaken aftermarket engineering, which involved data triangulation, market breakdown, market projections, market statistics computations, and market size calculations, to collect data, validate key figures, and verify the results. Throughout the market engineering process, top-down and bottom-up methodologies, as well as a number of data triangulation approaches, were frequently used to acquire market assessments and predictions for the broad market segments and sub-segments included in the Global Sports Betting market study. In order to give vital information throughout the report, rigorous qualitative and quantitative analysis is done on all data collected throughout the whole market engineering process.
To verify the market size and estimate the market size by various segments, bottom-up methodologies are utilized. The research’s market projections are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each location in order to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the stated market Size in the relevant region or country is used to determine the country-by-country divisions of the overall market and its sub-segments.
Segmentation:
The market is divided into Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Auto Racing, Horse Racing, and Other based on the type of game. During the projection period, the football segment is anticipated to grow quickly at a CAGR of 12%. During the projected period of 2021–2029, the key factors boosting the growth of this sector in the global sports betting market are the safe and secure services offered by online football betting businesses.
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Key Players:
• Bet 365 Group Ltd.
• GVC Holding plc.
• The Stars Group
• Paddy Power Betfair plc.
• William Hill plc.
• Fortuna Entertainment Group
• Betfred Ltd.
• mybet Holding
• Hong Kong Jockey Club
• Kindred Group.
• 888 Holdings
As inorganic growth strategies, the sector emphasized partnerships, acquisitions, and collaborations. Because of the market’s potential for rapid future expansion, industry participants in the Global Sports Betting market should profit from this growth. The businesses listed below make up the global Global Sports Betting market.
Regional Analysis:
After examining the political, economic, social, and technological aspects influencing the Global Sports Betting market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Global Sports Betting Market:
All facets of society have seen significant changes in consumer behaviour as a result of the COVID-19 epidemic. Industries, on the other hand, will need to adjust their plans to accommodate for shifting market supply. This report offers an overview of COVID-19’s impact on the Global Sports Betting market and will help you build your business in accordance with the new industry standards.
Key Questions Answered in the Global Sports Betting Market Report are:
- What will the market’s CAGR be within the expected time frame?
- Which market segment overtook the Global Sports Betting industry as the dominant force?
- Which businesses control the Global Sports Betting market?
- How big will the market for Global Sports Betting be in 2029?
- In the Global Sports Betting sector, which company had the biggest market share?
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