Sport
Internet Sports Betting Market is expected to display an exponential growth by 2027 | CAGR: ~10% | UnivDatos Market Insights
The growing number of sports events owing to the growing end-user interest, rising number of sports enthusiasts, and sports sponsorship across the globe are also key contributing factors to the market growth. Overall, sports sponsorship has been increasing for the last 10 years. While $37.9 billion was spent on sports sponsorship in 2007, a further 50% was spent in 2018. Some of the most-watched sports events in the world are the Tour de France – 3.5 Billion Viewers, World Cup of Soccer – 3.3 Billion Viewers, Cricket World Cup – 2.6 Billion Viewers, Summer Games – 2 Billion Viewers, etc.
Also, robust growth in digitalization is the key factor that is attributed to the growing market of internet sports betting. Cloud platforms are becoming more popular for storing data as a result of the recent global digital revolution, and there has been a surge in online transactions and payments among commercial and retail customers. Consumers now have simple access to online sports betting platforms thanks to the rapid rise of digital platforms and rising Internet penetration, which will drive the global sports betting industry forward throughout the forecast period.
The global internet sports betting market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Based on the Region, the Europe region dominated the global internet sports betting market in 2020. Surging disposable income and surging interest of end-users in sports in the countries such as the U.K,
France , Germany , etc., are leading to the growth of the region. However,
Asia-Pacific would witness a robust CAGR in the forthcoming years.
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the . The major players have been analyzed using different research methodologies for getting insight views on market competition.
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