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Gam*bling Market Scope, Share, Trends Analysis And Forecasts(2024 - 2033)
Gam*bling Market Scope
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According to The Business Research Company's, The Gam*bling market size has grown strongly in recent years. It will grow from $540.27 billion in 2023 to $580.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to emerging markets growth, growth in female gamblers and increased betting on e-sports.
The Gam*bling market size is expected to see strong growth in the next few years. It will grow to $744.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to legalization of Gam*bling, rapid urbanization, increasing use of social media and rising population. Major trends in the forecast period include investing in Gam*bling games that use ar and vr technology, adopt advanced technologies to introduce live , invest in sports betting, invest in providing mobile Gam*bling services, invest in online facilities, adopt cryptocurrencies to improve transparency in transactions, invest in branded slot games and Gam*bling services through smart watch applications, offering offshore betting services, offer keno games.
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Market Drivers and Trends:
Changing Consumer Gam*bling Habits: The demand for Gam*bling is expected to be driven by the changing Gam*bling habits of consumers. The increasing popularity of Gam*bling apps and social Gam*bling will propel the growth of the market going forward. The global social market reached $6.62 billion in 2022, growing at a CAGR of 7.26%. The increasing adoption of mobile devices and increasing internet penetration will drive the demand for online Gam*bling, driving market growth.
Branded slots are increasingly becoming popular in the Gam*bling industry. Branded slots are licensed online games built around universally popular subjects such as movies, TV shows, music, or books. Brand loyalty draws customers towards trying slot games revolving around their favorite characters. Branded online slot games attract casual bettors, even the ones with little experience and interest in slot machines, as they create a connection with the players due to their familiarity with characters on the slots, increasing the traffic on the slot machines. Branded slots based on Game of Thrones, Westworld, Batman, and Jurassic Park are some of the most popular branded slot games.
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Major Key Players of the Market:
Biomérieux SA, Merck KGaA, Bio-Rad Laboratories, Inc., 3M Company, Qiagen N.V., Pall Corporation, Hygiena, LLC, Romer Labs, Thermo Fisher Scientific, Charm Sciences Inc., SGS Group, Shenzhen Radiusen Systems, Eurofins Analytical Services India Private Limited, TUV India Private Limited, Intertek India Private Limited, Bureau Veritas Consumer Products Services Private Limited, Ensensor, S.T. Japan, ALS Global, Merieux NutriSciences, Eurofins Scientific, Pall Corporation, National Science Foundation, PrecisionHawk, Orchid Cellmark, Becton Dickinson, Clear Labs, Chinova Bioworks, Qualicon, Livekuna, Qpod, Neogen Corp, Costa Rica Insect Company, Det Norske Veritas As.
Gam*bling Market 2024 Key Insights:
• The Gam*bling market size is expected to see strong growth in the next few years. It will grow to $744.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• The Rise Of Online And Social Gam*bling
• The Rising Popularity Of Branded Slots In The Gam*bling Industry
• Asia-Pacific was the largest region in the Gam*bling market in 2023
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