COVID-19 Impact and Analysis | Sports Betting Market 2021-2025 | Technavio

NEW YORK, July 5, 2021 /PRNewswire/ — Technavio has been monitoring the sports betting market, operating under the consumer discretionary industry….

NEW YORK, July 5, 2021 /PRNewswire/ — Technavio has been monitoring the sports betting market, operating under the consumer discretionary industry. The latest report on the sports betting market 2021-2025 estimates it to register an incremental growth of USD 106.25 billion, at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. 

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 888 Holdings Plc, Bet365 Group Ltd., Churchill Downs Inc., Flutter Entertainment Plc, GVC Holdings Plc, Kindred Group Plc, Sportech Plc, The Stars Group Inc., Webis Holdings Plc, and William Hill Plc are among some of the major market participants.

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Digital revolution has been instrumental in driving the growth of the market. However, stringent government regulations and restrictions might hamper market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. 

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Sports Betting Market 2021-2025: Segmentation

Sports Betting Market is segmented as below:

Based on geographic segmentation, 39% of the market’s growth originated from APAC during the forecast period. In addition, the offline platform led the market growth in 2020 and will continue to maintain its dominance during the next few years. This report provides an accurate prediction of the contribution of all the segments to the growth of the sports betting market size.

  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA
  • Platform
    • Offline
    • Online

Sports Betting Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sports betting market report covers the following areas:

  • Sports Betting Market Size
  • Sports Betting Market Trends
  • Sports Betting Market Industry Analysis

This study identifies the increasing commercialization of sports events as one of the prime reasons driving the sports betting market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Sports Betting Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist sports betting market growth during the next five years
  • Estimation of the sports betting market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the sports betting market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sports betting market, vendors

Related Reports on Consumer Discretionary include:

Casino Gaming Market by Type and Geography – Forecast and Analysis 2021-2025

Casino Gaming Equipment Market by Type and Geography – Forecast and Analysis 2021-2025

Arcade Gaming Market by End-user, Type, Genre, and Geography – Forecast and Analysis 2021-2025

Lottery Market by Type, Platform, and Geography – Forecast and Analysis 2021-2025

Online Auction Market by Product and Geography – Forecast and Analysis 2021-2025

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Platform

  • Market segments
  • Comparison by Platform
  • Offline – Market size and forecast 2020-2025
  • Online – Market size and forecast 2020-2025
  • Market opportunity by Platform

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 888 Holdings Plc
  • Bet365 Group Ltd.
  • Churchill Downs Inc.
  • Flutter Entertainment Plc
  • GVC Holdings Plc
  • Kindred Group Plc
  • Sportech Plc
  • The Stars Group Inc.
  • Webis Holdings Plc
  • William Hill Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report: www.technavio.com/report/sports-betting-market-industry-analysis

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