NEW YORK, November 4, 2022 /PRNewswire/ — Sports Betting Market Research Report by Bet Type, Sport, Platform, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19
Read the full report: https://www.reportlinker.com/p06341654/?utm_source=PRN
The size of the global sports betting market has been estimated at $57.82 billion in 2021 and expected to reach $64.74 billion in 2022 and is expected to grow at a CAGR of 12.23% $115.57 billion until 2027.
The report provides market sizes and forecasts for 7 major currencies – USD, EUR, JPY, GBP, AUD, CAD and CHF. It helps organization leaders make better decisions when currency conversion data is readily available. In this report, the years 2018 and 2020 are considered as the historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 as the forecast period.
Market Segmentation and Coverage:
This research report categorizes the sportsbook to forecast earnings and analyze the trends in each of the following sub-markets:
Based on betting type, the market has been studied for eSports betting, stock market betting, fixed odds betting, live game betting and pari-mutuel.
Based on sports, the market has been studied in baseball, basketball, cricket, football, hockey and horse racing.
Based on the platform, the market was studied offline and online.
Based on region, the market across America has been studied, Asia Pacificand Europe, middle East & Africa. America continues to be explored across the board Argentina, Brazil, Canada, Mexicoand United States. The United States is further investigated across the board California, Florida, Illinois, new York, Ohio, Pennsylvaniaand Texas. That Asia Pacific is further investigated across the board Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailandand Vietnam. That Europe, middle East & Africa is further investigated across the board Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emiratesand United Kingdom.
Cumulative Impact of COVID-19:
COVID-19 is an unparalleled global public health emergency that has affected almost every industry and the long-term impact is expected to impact the industry growth over the forecast period. Our ongoing research is expanding our research framework to ensure underlying COVID-19 issues and potential avenues for the future are included. The report provides insights into COVID-19 considering the changes in consumer behavior and demand, buying patterns, supply chain diversion, dynamics of current market forces and significant government interventions. The updated study provides insights, analysis, estimates and forecasts considering the impact of COVID-19 on the market.
Cumulative Impact of the 2022 Russia-Ukraine Conflict:
We continuously monitor and update reports of political and economic uncertainties due to the Russian invasion of Ukraine. Negative effects are to be expected worldwide, especially across borders Eastern EuropeEuropean Union, East & Central Asiaand The United States. This dispute has severely impacted lives and livelihoods and represents widespread disruption in trade dynamics. The potential impact of the ongoing war and insecurity in Eastern Europe are expected to have a negative impact on the global economy, with a particularly long-term harsh impact on Russia. This report covers the impact of supply and demand, price variations, strategic provider intake and recommendations for the sports betting market considering the latest update on the conflict and its global response.
Competitive strategic window:
The Competitive Strategic Window analyzes the competitive landscape in terms of markets, applications and regions to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable suitability for vendors to adopt sequential merger and acquisition strategies, geographic expansion, research and development, and new product launch strategies to conduct further business expansion and growth during a forecast period.
FPNV positioning matrix:
The FPNV Positioning Matrix evaluates and categorizes the providers in the sports betting market based on business strategy (business growth, industry coverage, financial viability and channel support) and product satisfaction (value for money, ease of use, product features and customer support). ) that helps companies make better decisions and understand the competitive landscape.
Market share analysis:
Market share analysis offers the analysis of vendors considering their contribution to the overall market. It conveys the idea of its revenue generation compared to other providers in this space in the overall market. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing the market share provides an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance and merger characteristics.
The competitive scenario provides an outlook analysis of the vendors’ various business growth strategies. The news covered in this section provides valuable thoughts on the various stages while also keeping current with the business and engaging stakeholders in the economic debate. The competitive scenario represents press releases or news from the companies categorized into Mergers & Acquisitions, Agreements, Collaboration & Partnership, New Product Launch & Improvement, Investment & Funding, and Award, Recognition & Expansion. All the collected news helps providers to understand the gaps in the market and the strengths and weaknesses of the competitors, providing insights to improve products and services.
Company Usability Profiles:
The report examines in depth the recent significant developments of the leading providers and innovation profiles in the global sports betting market, including 888 Holdings Plc, Bet-at-home.com, Bet365, Betfred, Betsson AB, Bwin Interactive Entertainment AG, Churchill Downs Incorporated, Draft Kings, Entain plc, FanDuel Group, Flutter Entertainment Plc, Gala Coral Group, International Game Technology PLC, Kindred Group Plc, Sportech PLC, The Stars Group Inc, TVG Network, Unibet and William Hill Plc.
The report provides insights into the following indications:
1. Market Penetration: Provides comprehensive information about the market offered by the major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes the penetration of mature market segments
3. Market Diversification: Provides detailed information on new product launches, untapped regions, current developments and investments
4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players
5. Product Development & Innovation: Provides intelligent insights into future technologies, R&D activities and breakthrough product developments
The report answers questions like:
1. What is the market size and forecast of the global sports betting market?
2. What are the restraining factors and impact of COVID-19 shaping the global sports betting market during the forecast period?
3. What are the products/segments/applications/areas of the global sports betting market to invest in during the forecast period?
4. What is the competitive strategic window for opportunities in the global sports betting market?
5. What are the technology trends and regulatory framework in the global sports betting market?
6. What is the market share of the leading providers in the global sports betting market?
7. What modes and strategic moves are considered suitable for entering the global sports betting market?
Read the full report: https://www.reportlinker.com/p06341654/?utm_source=PRN
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