GAMING

Global gaming market revenues projected to exceed $525B by 2023

The global gambling market is driven by increasing penetration of online gaming and betting across the North American and European region. The increase in per capita income, high adoption, growing interest, and growth of dual-income households are some of the factors augmenting the growth of the global market.

Photo by Maik Jonietz from Unsplash.com

In today’s world how many people still have a landline phone at home? Probably not many. How many people still carry a portable CD unit or a digital music device? Again probably not many. And finally how many even people still even carry a laptop to search the internet with them at all times? Ditto, not many. Everything that previously required separate devices is now embedded in that single smartphone that has become ubiquitous, and now, things that require one’s actual presence, like gaming or gambling, can be done via that same device.

Mobility is everything and mobile gaming apps are generating some eye-popping revenues.

A recent article (discussing a market research report) projected that: “The global gambling market is expected to reach revenues of over $525 Billion by 2023, growing at a CAGR of approximately 4% during 2017-2023.”

The article continued: “The increasing per capita income, high adoption, growing interest, and rising number of dual-income households will augment the transformation of the global market. The demand for online games and increasing penetration of mobile applications across the US, the UK, Italy, and China & SAR region will help attract new players in this market over the next few years.”

Active tech and gaming stocks in news today include:  Tapinator, Inc., Snap Inc., Scientific Games Corporation, Zynga Inc., Phunware Inc.

The global gambling market is driven by increasing penetration of online gaming and betting across the North American and European region. The increase in per capita income, high adoption, growing interest, and growth of dual-income households are some of the factors augmenting the growth of the global market.  The exponential popularity and rising number of live casinos will help in the development of the global gambling market during the forecast period by ResearchandMarkets.com.

To Top