Online Lottery Market is Expected to Register considerable Growth by 2028 [news]
Stratview Research has published a new report titled “Online Lottery Market” which is segmented by Device (Desktop, Mobile) and by Region (North America, Europe, Asia-Pacific, South America, and The Middle East & Africa).
As per the study, the market is likely to witness a steady CAGR of 1.2% during the forecast period owing to a rise in draw-based games, scratch-off instant games, and increasing smartphone sales and internet penetration in developing economies. Gambling in the comfort of one’s own space is another factor contributing to the growth of the online lottery market.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Device Type
The online lottery market is segmented as mobile and desktop. The mobile segment is expected to be the higher-growing segment during the forecast period owing to increasing sales of smartphones and internet penetration in the remotest areas of the world.
Increasing disposable income and population will further contribute to the growth of the online lottery market.
Which Region is expected to remain the largest market?
Europe is estimated to be the largest region for the online lottery market during the forecast period. Europe has been a center of lottery and draw-based games for several decades.
With digitalization in all spheres, the European population is shifting towards virtual lottery systems from physical ones and augmenting the growth of the online lottery market in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the Online Lottery Market:
• Lotto Direct Limited
• Camelot Group
• Lotto Agent
• Lottoland
• Lotto247
• Annexio Limited
• WinTrillions
Key questions answered by the report.
• What is the projected CAGR for revenue from the Online Lottery Market during the forecast period?
• What would the market be valued at by 2027?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Online Lottery Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market is likely to witness a steady CAGR of 1.2% during the forecast period owing to a rise in draw-based games, scratch-off instant games, and increasing smartphone sales and internet penetration in developing economies. Gambling in the comfort of one’s own space is another factor contributing to the growth of the online lottery market.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Device Type
The online lottery market is segmented as mobile and desktop. The mobile segment is expected to be the higher-growing segment during the forecast period owing to increasing sales of smartphones and internet penetration in the remotest areas of the world.
Increasing disposable income and population will further contribute to the growth of the online lottery market.
Which Region is expected to remain the largest market?
Europe is estimated to be the largest region for the online lottery market during the forecast period. Europe has been a center of lottery and draw-based games for several decades.
With digitalization in all spheres, the European population is shifting towards virtual lottery systems from physical ones and augmenting the growth of the online lottery market in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the Online Lottery Market:
• Lotto Direct Limited
• Camelot Group
• Lotto Agent
• Lottoland
• Lotto247
• Annexio Limited
• WinTrillions
Key questions answered by the report.
• What is the projected CAGR for revenue from the Online Lottery Market during the forecast period?
• What would the market be valued at by 2027?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Online Lottery Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
