Forecast for Mobile Gambling

Mobile gaming involves betting on a mobile device on gambling activities, as a new an very popular way for gamblers to get their gaming fix, they will bet on casino games, the lottery, sports betting using smart-phones or tablets. Revenue generated through wagers include outdoor sporting events such as Tennis, football, basketball, cricket, horse racing are popular sports that people enjoy and place wager on winners, and losers. Casino gaming includes slots games, poker, Roulette, Baccarat, Blackjack. Another area is the lottery can also generate revenue from bingo, the lotto, and gaming machines. Technavio's analysts have forecast that revenue of the global mobile gambling market is set to grow at a CAGR of about 43.08% of the total annual wagers placed over the last 5 years. During this forecast period the mobile gaming market is expected to have a growth of CAGR of 18.36%.

This report covers the current scenario and the growth prospects of global market for mobile gaming over a period of last years. In calculating the market size, it has taken into account revenue generated by gambling activities, using the gross gaming yield per annum and the total amount that has been wagered by players annually. The report has segmented the market into three categories - betting, lottery and gaming - plus the report provided the 2014 market share of the three categories as well as the factors that are responsible for the position the segments hold. The report also presents a graphical segmentation of the market.

The Technavio report, titled: Global Mobile Gambling Market, was based on in-depth market analysis together with input from many industry experts. The report also covers the market landscape as well as its growth prospects in the forthcoming years, and this also includes a discussion of key vendors who are operating in this market.