Online Lottery Market Industry & Growth Analysis

Market Insights

Online lottery market is likely to witness a steady CAGR of 1.2% during the forecast period owing to rise in draw-based games, and scratch-off instant fames and increasing smartphone sales and internet penetration in developing economies. Gambling at the comfort of one’s own space is another factor contributing to the growth of the market.

Segment Analysis

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Device Trends

The 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 towards the growth of the market.

Regional Analysis

Europe is estimated to be the largest region for the market during the forecast period. Europe has been a center of lottery and draw-based games for several decades.

With digitalization in all the spheres, the European population is shifting towards virtual lottery systems from physical ones and augmenting the growth of the market in the region.

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Market Scope & Segmentation

Online lottery system is basically a computer-based self-operating system lacking any interference of any nature by any person in the operation. With increasing digitalization, lottery companies have also advanced and made lottery systems available online.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Device Type

• Desktop
• Mobiles

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Sub-Region Analysis: Oceanic Countries and Rest of Asia-Pacific)
• South America (Country Analysis: Brazil, Argentina, and Rest of South America)
• The Middle East & Africa (Sub-Region Analysis: the Middle East, and Africa)

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Key Players

Some of the major market players are-

• Lotto Direct Limited
• Camelot Group
• Lotto Agent
• Lottoland
• Lotto247
• Annexio Limited
• WinTrillions.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the device types by region.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.