ALBANY, New York, July 25, 2019 /PRNewswire/ -- The global sports betting market is expected to be fragmented, owing to huge number of players operating in the market on a regional and global scale. The players including GVC Holding PLC, Paddy Power Betfair PLC, Bet 365 Group Ltd, The Star Group, and William Hill PLC, accounting for around 25-30% share globally, lead the sports betting market.
The important factors boosting the growing share of the market involve in-house product development, mergers and acquisitions, and new innovations. For example, Paddy Power collaborated with Betfair, in 2016, to launch Paddy Power Betfair, and took over another company in May 2017, Daily Fantasy Sports Co. This acquisition is aimed to make use of the technology to enhance their abilities and provide and cater to better betting experience to the clients.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Sample of Sports Betting Market Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=68894
Having said that, regional companies are also emphasizing on creating partnerships to improve their reach and better their position in the market by implementing several strategies. For example, Kindred Futures, and Cockroach Labs in 2017, partnered with each other to create a next-gen online gaming program.
With the advent of virtual sports betting, there has been a rise in value of various economies of the different nations. Thus, sports betting, which earlier was considered illegal by regulatory authorizes is being accepted gradually and witnessing a significant revolution.
According to recent report by Transparency Market research, the global sports betting market is foreseen to register a robust CAGR of around 11% within the forecast period from 2019 to 2027. By the end of 2027, the global sports betting market is prognosticated to be valued around worth US$608 bn.
Is something restraining your company's growth in the Sports Betting Market? Ask for the Report Brochure Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=68894
Live Streaming Gambling Platforms to Fuel Sports Betting Market growth
Key players are banking on integrating online and live streaming gambling platforms to attract mire bettors across the globe through digital promotions. With the emergence of cryptocurrencies such as Dogecoin, Bitcoin, Litecoin, and Ripple in betting market scenario, it is getting easier for bettors to put resources through them virtual, which was earlier difficult through traditional methods. Moreover, better operating from the nations where the real money is prohibited for betting, can make a good use of these cryptocurrencies for their safe transaction.
With a concentration of leading betting brands, Europe has become home to the sports betting industry, with football contributing a significant share to the regional market, and 'cricket mania' is driving bets at an exponential rate. However, the Asia Pacific sports betting market remains driven by the high frequency of mega sports events and surge in the number of participants.
Looking for Regional Analysis or Competitive Landscape in Sports Betting Market, Ask for a Customized Report Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=68894
Asia Pacific to Lead Due to Rising Usage of Smartphones in Region
Since nations in Asia Pacific, like India and China have young and middle ages population base, the scope of indulgence in sports is greater here. Moreover, rising infiltration of smartphones is as well fueling the popularity of sports betting trend in the region.
Since the popularity of football is not restricted in the certain boundaries of well-established nations, it is tending towards being adopted as a global sport. This gives a great opportunity for sports betting market to expand its presence in this sport as well. It also lets key players explore the untapped areas to gain more profit among the other game types. Nevertheless, susceptibility to addiction, cyber-threats, and unorganized market scenario for now are some of the leading factors pulling back the demand in sports betting market in future.
This review is based on the findings of a TMR report titled "Sports Betting Market (Platform: Online, Offline; Game Type: Football, Baseball, Basketball, Hockey, Cricket, Tennis, Golf, Boxing, Horse Racing, Auto Racing, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027."
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=68894
The Global Sports Betting Market has been segmented as follows:
- Horse Racing
- Auto Racing
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South East Asia
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Popular Research Reports by TMR:
Board Games Market - https://www.transparencymarketresearch.com/board-games-market.html
- Online Gambling & Betting Market - https://www.transparencymarketresearch.com/online-gambling-betting.html
- Licensed Sports Merchandise Market - https://www.transparencymarketresearch.com/licensed-sports-merchandise.html
- Smart Toys Market - https://www.transparencymarketresearch.com/smart-toys-market.html
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: https://bitgmx.com/
SOURCE Transparency Market Research