The size of the global online gambling and betting industry amounted to 85.62 billion U.S. dollars in 2023. This has been forecast to rise to 133.59 billion U.S. dollars by 2029. In comparison, the market size of the global sports betting and lottery industry was valued at roughly 244 billion U.S. dollars as of March 2024. Overall, the global sports betting industry constituted more than 200 thousand employees and approximately 22 thousand businesses. How popular is sports betting in the United States? In 2022, over 25 million individuals engaged in sports betting in the United States, highlighting the prevalence of the activity in the North American country. Moreover, this figure was forecast to increase by 47 percent by 2025. Overall, the total revenue from sports betting in the U.S. amounted to 11.04 billion U.S. dollars in 2023, denoting an increase of approximately 46 percent from the previous year. Meanwhile, DraftKings was the most popular sports betting website in the U.S. as of July 2023. What is the United Kingdom’s National Lottery? A lottery is a form of gambling where participants purchase numbered tickets with the aim of matching those numbers with lots, which are drawn randomly at a later date. Established in 1994, the National Lottery is a nationwide version of the activity that is regulated by the Gambling Commission of the United Kingdom. Between April 2022 and March 2023, over eight billion British pounds worth of National Lottery tickets were sold, which was slightly higher than the figure reported in the period immediately prior. Meanwhile, more than 4.6 billion British pounds were available as prize money for potential winners of the National Lottery in the same period.

Online gambling is experiencing significant growth in Europe, driven by advancements in technology such as virtual reality, blockchain, and mobile platforms. The shift from traditional to digital wagering has boosted revenue, with major players focusing on mergers to increase market share. Innovations in blockchain, IoT, and VR are revolutionizing the cyber gambling industry. The market, led by the UK, is segmented by game type, end-user, and geography, with a focus on sports betting, casino, lottery, and bingo.

In 2023, the online sports betting market in the United Kingdom was valued at 4.21 billion U.S. dollars. This denoted an increase of around 10 percent from the previous year.

In a survey held between November 2023 and February 2024, it was found that the age groups with the highest share of online gamblers in Great Britain were 45-years old to 54-years old, and 55-years old to 64-years old. Both of these demographics had a 42 percent share of individuals who had gambled in the previous four weeks.

Explore the Online Gambling Market trends! Covers key players, growth rate 12.3% CAGR, market size $186.58 Billion, and forecasts to 2034. Get insights now!

Europe Casino Gambling Market Report is Segmented by Type (live Casino, Baccarat, Blackjack, Poker, Slots, and Other Types), by Application (online and Offline), and by Geography (Germany, The United Kingdom, France, Italy, and the Rest of Europe). The Report Offers Market Size and Values in USD During the Forecast Period for the Above Segments.

According to a survey conducted between November 2023 and February 2024, 36 percent of adults in Great Britain had participated in online gambling in the previous four weeks. Male gamblers comprised the biggest share of this figure, with 40 percent of male adults answering they had taken part in some form of online gambling in the month leading up to the survey.

Explore the Gambling Market trends! Covers key players, growth rate 5.1% CAGR, market size $754.78 Billion, and forecasts to 2034. Get insights now!

ExactOne delivers unparalleled consumer transaction insights to help investors and corporate clients uncover market opportunities, analyze trends, and drive better decisions.

Dataset Highlights - Source: Debit and credit card transactions from 600K+ active users and 2M accounts connected via Open Banking. Scale: Covers 250M+ annual transactions, mapped to 1,800+ merchants and 330+ tickers. Historical Depth: Over 6 years of transaction data. Flexibility: Analyse transactions by merchant/ticker, category/industry, or timeframe (daily, weekly, monthly, or quarterly).

ExactOne data offers visibility into key consumer industries, including: Airlines - Regional / Budget Airlines - Cargo Airlines - Full Service Autos - OEMs Communication Services - Cable & Satellite Communication Services - Integrated Telecommunications Communication Services - Wireless Telecom Consumer - Services Consumer - Health & Fitness Consumer Staples - Household Supplies Energy - Utilities Energy - Integrated Oil & Gas Financial Services - Insurance Grocers - Traditional Hotels - C-corp Industrial - Tools And Hardware Internet - E-commerce Internet - B2B Services Internet - Ride Hailing & Delivery Leisure - Online Gambling Media - Digital Subscription Real Estate - Brokerage Restaurants - Quick Service Restaurants - Fast Casual Restaurants - Pubs Restaurants - Specialty Retail - Softlines Retail - Mass Merchants Retail - European Luxury Retail - Specialty Retail - Sports & Athletics Retail - Footwear Retail - Dept Stores Retail - Luxury Retail - Convenience Stores Retail - Hardlines Technology - Enterprise Software Technology - Electronics & Appliances Technology - Computer Hardware Utilities - Water Utilities

Use Cases

For Private Equity & Venture Capital Firms: - Deal Sourcing: Identify high-growth opportunities. - Due Diligence: Leverage transaction data to evaluate investment potential. - Portfolio Monitoring: Track performance post-investment with real-time data.

For Consumer Insights & Strategy Teams: - Market Dynamics: Compare sales trends, average transaction size, and customer loyalty. - Competitive Analysis: Benchmark market share and identify emerging competitors. - E-commerce vs. Brick & Mortar Trends: Assess channel performance and strategic opportunities. - Demographic & Geographic Insights: Uncover growth drivers by demo and geo segments.

For Investor Relations Teams: - Shareholder Insights: Monitor brand performance relative to competitors. - Real-Time Intelligence: Analyse sales and market dynamics for public and private companies. - M&A Opportunities: Evaluate market share and growth potential for strategic investments.

Key Benefits of ExactOne - Understand Market Share: Benchmark against competitors and uncover emerging players. - Analyse Customer Loyalty: Evaluate repeat purchase behavior and retention rates. - Track Growth Trends: Identify key drivers of sales by geography, demographic, and channel. - Granular Insights: Drill into transaction-level data or aggregated summaries for in-depth analysis.

With ExactOne, investors and corporate leaders gain actionable, real-time insights into consumer behaviour and market dynamics, enabling smarter decisions and sustained growth.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

[Keywords] Market include Amaya Gaming, Genting UK, Unibet, Bwin.party Digital Entertainment, 888 Holdings

In a survey held in the 3rd quarter of 2024, it was found that the most popular gambling and betting brands in the United Kingdom was the National Lottery. Meanwhile, in second place was the EuroMillions.

Snapshot img

Online Gaming Market Size 2025-2029

The online gaming market size is forecast to increase by USD 120.2 million, at a CAGR of 18.8% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends. The increasing popularity of e-sports is one such factor, with tournaments and leagues attracting large audiences and sponsorships. Another trend is the growth of the free-to-play model, allowing wider access to games and generating revenue through in-game purchases. However, the market also faces challenges, such as the high infrastructural requirements for supporting online gaming, including strong internet connectivity and powerful gaming systems. These factors create opportunities for market participants to innovate and meet the evolving needs of consumers. Online gaming is set to continue its growth trajectory, offering rich opportunities for businesses and gamers alike.

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The video games market has experienced significant growth in recent years, with B2C enterprises increasingly focusing on digital video games and online gaming options. This shift towards online games and downloadable content has revolutionized the industry, allowing consumers to access a vast array of titles from various genres on multiple platforms. Online games, including mobile games and those offered through gaming networks, have become a popular choice for consumers due to their convenience and accessibility. According to third-party studies and survey results, consumer spending on digital games reached an all-time high in 2020, with mobile games and esports leading the charge. Game genres such as first-person shooters, sports simulations, and 3D games have gained a massive following, particularly among younger demographics. The integration of in-game chat and voice chat features has further enhanced the online gaming experience, enabling players to communicate and collaborate in real-time.
The proliferation of mobile devices and smartphones has expanded the reach of the video games market, allowing players to enjoy their favorite titles on the go. The internet has become an essential component of the gaming landscape, providing a platform for players to connect, compete, and engage with each other. Personal computers and gaming consoles continue to be popular choices for gamers, offering high-quality graphics and gaming experiences. However, the convenience and accessibility of mobile gaming have made it a formidable competitor in the market. Despite the numerous benefits, online gaming and digital games have also raised concerns regarding addiction and its impact on individuals and society. As the video games market continues to evolve, it is crucial for enterprises to address these concerns while providing innovative and engaging gaming experiences for their customers.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Platform

  PC
  Console
  Mobile


Type

  Action
  Adventure
  Puzzle
  Arcade
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  South America



  Middle East and Africa

By Platform Insights

The PC segment is estimated to witness significant growth during the forecast period.

The market encompasses various segments, with PC gaming being a significant sector due to its large and dedicated user base. PC gamers value the platform's versatility, high-performance hardware, and extensive game library. The PC gaming market consists of desktop and laptop categories, each catering to distinct preferences. Desktop gaming PCs provide superior components and are popular among enthusiasts seeking high-end capabilities and customizable setups. The market's growth is influenced by factors such as compatibility with various input devices, including keyboards and mice, and the ongoing advancements in technology, like 5G and cloud gaming services. Business models, including monthly fees and free-to-play, cater to diverse consumer needs. Regulated sports betting and data centers support the infrastructure required for seamless gaming experiences through web browsers and streaming services.

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The PC segment was valued at USD 33.10 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 44% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explaine

Snapshot img

Mobile Gaming Market Size 2025-2029

The mobile gaming market size is forecast to increase by USD 82.4 billion, at a CAGR of 11.3% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends. The popularity of multiplayer mobile games continues to rise, as players seek social interaction and competition in their gaming experiences. Additionally, the availability of free-to-play mobile games has expanded the market's reach, making gaming more accessible to a wider audience. However, the increasing cost of mobile gaming development presents a challenge for game developers, requiring them to balance the need for high-quality graphics and features with the need to keep costs low. Overall, these trends are shaping the future of the market and driving innovation in the industry.

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The mobile gaming industry has experienced significant growth in recent years, driven by the widespread adoption of smartphones and the increasing capabilities of their hardware. Advertising investment in this sector has become a crucial aspect of market dynamics, with game developers employing various advertisement strategies to differentiate their products. Unity Technologies, a leading platform for creating and monetizing games, plays a pivotal role in this landscape. Smartphone hardware capabilities, such as high screen resolutions, 5G connectivity, and ultra-low latency, have transformed mobile gaming experiences. However, these advanced features also pose challenges, including battery drain and geopolitical tensions that may impact the availability of certain games in specific regions.
Cloud gaming services, including those offered by tech giants, have emerged as a significant trend in the market. These services leverage hyper-scale cloud capabilities to deliver good gaming experiences, enabling players to access top titles without the need for high-end hardware. App stores, such as Google Play and the Apple App Store, serve as essential distribution channels for mobile games. In-app purchases and social connectivity have become integral components of monetization strategies, while multiplayer gaming experiences foster a sense of community among players. Game developers, from indie studios to industry giants like Electronic Arts, continue to innovate and push the boundaries of mobile gaming.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Platform

  Online
  Offline


Type

  Casual gaming
  Professional gaming


Geography

  APAC

    China
    India
    Japan


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa



  South America

    Brazil

By Platform Insights

The online segment is estimated to witness significant growth during the forecast period.

The market has witnessed significant growth due to the increasing usage of mobile devices and the penetration of the Internet. Online mobile games, including AAA-caliber titles in Action or Adventure, Role Playing, Casino, and Sports categories, have gained popularity among Android and Windows customers. These games are often free to download from application stores, enabling widespread accessibility. Online mobile gaming offers the convenience of playing from anywhere and at any time, fostering community engagement through features like chat functions.

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The online segment was valued at USD 39.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 55% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The Asia-Pacific (APAC) region is a significant contributor to The market, driven by the large consumer base and the presence of major original equipment manufacturers (OEMs) such as Huawei Technologies Co. In the region. China and Japan are key markets, with popular mobile games like Honor of Kings and PUBG generating substantial revenue. The market's growth is attributed to increasing smartphone penetration, advanced smartphone hardware capabilities, and the adoption of Unity Technologies for game development. However, challenges such as battery drain and high screen resolutions require effective advertisement strategies to engage users. With the rollout o

Snapshot img

Gaming Market Size 2025-2029

The gaming market size is forecast to increase by USD 100.8 billion at a CAGR of 8.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing popularity of enriching technologies such as augmented reality (AR) and virtual reality (VR). AR and VR games offer a more engaging experience for users, blurring the lines between the physical and digital worlds. Mobile gaming, fueled by the widespread adoption of smartphones and tablets, is another major trend in the market. The emergence of 5G technology is expected to further boost mobile gaming, enabling faster download speeds and smoother gameplay. Artificial Intelligence (AI) in games is also gaining traction, enhancing the user experience through personalized content and advanced character interactions. Cloud gaming, which allows users to access games via a server rather than installing them on their devices, is another trend on the rise. The market is also witnessing the regulation of loot boxes, a topic of ongoing debate regarding their impact on mental health and gambling. The gaming industry continues to evolve, offering new opportunities for innovation in home entertainment, education, and digital content across various platforms, including PC, consoles, and wearable devices like smartwatches.

What will be the Size of the Gaming Market During the Forecast Period?

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The market encompasses the creation and consumption of entertainment through video games, catering to diverse demographics and preferences. This dynamic industry continues to gain traction, offering various genres such as shooter, action, sports, role-playing, and educational courses. The market's growth is driven by the increasing popularity of gaming as a source of stress relief, teamwork, a sense of achievement, self-satisfaction, and joy for individuals of all ages, including kids and older adults. Home entertainment systems, tablets, mobile phones, and IPads serve as accessible platforms for this engaging form of indoor entertainment. The integration of 5G technology further enhances the gaming experience with improved connectivity and responsiveness.
The market's expansion is fueled by the youth population's growing affinity for social interaction and the alleviation of social anxiety through gaming communities. Overall, the market's size and direction reflect a vibrant and evolving industry.

How is the Gaming Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Casual gaming
  Professional gaming


Platform

  Online
  Offline


Device

  Mobile gaming
  Console gaming
  PC gaming


Geography

  APAC

    China
    Japan
    South Korea


  North America

    Canada
    US


  Europe



  Middle East and Africa



  South America

By Type Insights

The casual gaming segment is estimated to grow significantly during the forecast period. The market is experiencing growth due to the rising popularity of mobile gaming among consumers. Casual gamers, who make up a significant portion of the gaming population, prefer games that do not demand extensive time investment. Mobile devices have become the preferred choice for these gamers due to their ease of use and accessibility. Casual games can be played online, enabling users to enjoy them from anywhere at any time. Revenue for casual gaming is generated through software licensing to end users, with minimal investment in gaming peripherals. The trend toward mobile gaming is expected to continue, driven by advancements in 4G and 5G connectivity, as well as the increasing number of internet users.

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The casual gaming segment was valued at USD 105.50 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region is a significant market for gaming, with a growing number of professional gamers in countries like Taiwan, Malaysia, and Singapore. Major digital game companies, such as Tencent and GungHo Online Entertainment, are based in this region, driving innovation and growth. Japan, home to many hardware companies like Sony and Nintendo, is at the forefront of gaming technology adoption. The integration of games into smart devices, including tablets and mobile phones, is

The global toys and games market is witnessing expansion due to factors such as increased interest in green toys, the resurgence of traditional toys and video games, and awareness about the cognitive benefits of building toys. The rising popularity of mobile-based gaming and traditional recreational activities like construction sets and puzzles among younger generations also drive the market. The demand for dolls and STEM-based games and toys remains high due to their appeal to children and collectors, providing a valuable learning experience while being entertaining. The market is experiencing growth in tech-based toys, with sustainability and digitalization being key focus areas. Children's preferences are shifting from traditional toys to digital entertainment forms like video games, mobile apps, and virtual reality experiences. The electronic games category dominates the market with the largest revenue share, while the games and puzzles segment is forecasted to grow at the fastest rate. The 15 years and above age group recorded the largest market share, with the offline channel dominating the global market. However, the online distribution channel segment is estimated to grow rapidly. Mordor Intelligence™ Industry Reports provide statistics for the Toys and Games market share, size, and revenue growth rate, including a market forecast outlook and a historical overview. A sample of this industry analysis is available as a free report PDF download.

   Toys And Games Also Known As: Fun and Games, Kids' Toys, Children's Playthings

   Toys And Games Report Covers the Following Regions: NA, North America, North American, EU, Europe, European, APAC, Asia Pacific, Asian, SA, South America, South American, MEA, Middle East and Africa, Middle Eastern and African, MENA, Middle East, Middle Eastern, Africa, African

   Toys And Games Report Covers the Following Countries: USA, United States, US, Canada, Mexican, Mexico, ES, Spain, Spanish, UK, United Kingdom, British, DE, Germany, German, FR, France, French, IT, Italy, Italian, RU, Russia, Russian, China, Chinese, JP, Japan, Japanese, IN, India, Indian, AU, Australia, Australian, BR, Brazil, Brazilian, AR, Argentina, Argentine, ZA, South Africa, South African, SA, Saudi Arabia, Saudi

Snapshot img

Gaming Software Market Size 2024-2028

The gaming software market size is forecast to increase by USD 50.1 billion at a CAGR of 6.07% between 2023 and 2028. The market is experiencing significant growth, driven by revolutionary advancements in gaming engines that support experiences in Tablet Games, Augmented Reality (AR), and Virtual Reality (VR). The increasing popularity of eSports and multiplayer services is fueling market expansion. However, the high capital requirement for developing advanced gaming software and the need for strong online platforms and development tools pose challenges. The gaming industry continues to evolve, with mobile data becoming increasingly crucial for accessing games on-the-go. Market players must navigate these trends and challenges to remain competitive and cater to the evolving demands of tech-savvy consumers.

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The market is experiencing significant growth due to the increasing popularity of video games across various devices. Computer programs for games are in high demand for personal computers, gaming consoles, and internet platforms. The market also caters to video gamers on mobile devices, including smartphones and tablets, through mobile gaming software. Game engines and graphics software are essential tools for game developers, enabling the creation of experiences for players. Competitive gaming and cloud gamification are emerging trends, offering multiplayer services and online platforms for gamers. Augmented reality and virtual reality technologies are revolutionizing the gaming industry, providing new dimensions to gaming experiences.

The market encompasses various types of games, such as PC games, browser games, console games, and mobile games. The growth of the market is driven by the rising demand for innovative gaming experiences and the increasing availability of mobile data for smartphones and tablets. Development tools and services are also a crucial part of the market, enabling the creation of high-quality games for various platforms.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Mobile games
  Console games
  PC games


Revenue Stream

  Box/CD game
  Shareware
  Freeware
  In-app purchases


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Type Insights

The mobile games segment is estimated to witness significant growth during the forecast period. The market is a dynamic and expansive industry, driven by the rise of competitive gaming, E-sports, and the influence of streamers on platforms like YouTube. One significant segment of this market includes games used for competitive play, such as those in the E-sports scene. These include popular titles like Counter-Strike, Dota 2, and League of Legends, which are supported by platforms like Faceit and ESL. Another notable trend is the growth of streaming culture, with gamers broadcasting their gameplay to large audiences. This has led to an increased demand for high-performance gaming software. Additionally, strategy games, which require tactical planning and resource management, continue to be a popular choice for gamers.

These include real-time strategy and turn-based strategy games, as well as tower defense titles. Overall, the market offers a diverse range of options to cater to various play styles and preferences.

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The Mobile games segment accounted for USD 52.60 million in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is experiencing significant growth, particularly in the APAC region, which dominates the market with China, Japan, and India as the leading countries. The region hosts the largest number of mobile gamers due to the rapid expansion of smartphone penetration and the development of high-speed Internet services. This trend is driving an increase in the usage of mobile-based applications, including gaming software. Prominent players in the market, such as Nintendo, Tencent, Bandai Namco Entertainment, Sega Games, and Sony, are based in APAC and contribute to the market's growth by developing new gaming software for smart devices and upgrading existing game elements.

Competitive gaming, e-sports, and streaming platforms like Faceit, ESL, You

Snapshot img

Racing Games Market Size 2024-2028

The racing games market size is estimated to grow by USD 15.84 billion at a CAGR of 12.14% between 2023 and 2028.

The gaming industry's growth is contingent upon various factors, including the expansion of internet accessibility, the continuous release of new gaming, and increased funding and investment. The proliferation of the internet has broadened the potential user base for online games, thereby fueling demand. Concurrently, the frequent launch of new games maintains market dynamism and attracts users seeking novel experiences.
Furthermore, the influx of funding and investment fosters innovation, resulting in the creation of more captivating gaming content. Collectively, these factors contribute significantly to the growth of online gaming, which is anticipated to persistently expand as technology progresses and consumer preferences evolve.

What will be the Size of the Racing Games Market During the Forecast Period?

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How is the Racing Games Market Segmented?

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

Type Outlook

  Client type
  Webgame type





Application Outlook 

  Mobile
  Console
  PC
  Others





Region Outlook 

  North America

    The U.S.
    Canada





  Europe

    U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India





  South America

    Chile
    Brazil
    Argentina


  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By Type

The market share growth by the mobile segment will be significant during the forecast period. The mobile racing games market has experienced significant growth due to the widespread use of cellphones and smartphones for gaming. With the convenience of mobile devices, players can access high-speed internet and enjoy racing experiences anywhere. The freemium business model, where games are free to download but offer in-app purchases, has proven profitable for developers in the mobile segment.
Emerging economies have also contributed to the market's growth due to the large user base and easy accessibility of mobile games through app stores. Racing games can be played on PC, mobile apps, consoles, and simulators connected to PCs or consoles. Players prefer client-type games because the user experience is better for players with setups such as PCs and consoles.

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The mobile segment was valued at USD 5.80 billion in 2018. Simulated racing games offer new maps, tracks, and continuous updates, providing an engaging experience for mobile gamers. Virtual reality (VR) and augmented reality technologies are becoming increasingly popular in the industry. These technologies give players an experience that makes them feel like they are in the game world. Rapid advances in technology, such as the availability of high-definition displays, audio devices, and wireless networking capabilities are increasing the demand for client games, which will boost the growth of the market during the forecast period. 

By Region

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North America is estimated to contribute 39% to the growth of the global racing games market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to companies is APAC. APAC is one of the fastest-growing markets in the world, with a large and diverse gamer population. Mobile games are especially popular in APAC, with many gamers using their smartphones to play on the go. In terms of revenue, APAC accounts for over half of the global market.
China is the largest market in the region, followed by Japan and South Korea. Southeast Asian countries such as Indonesia, Thailand, and Vietnam are also emerging as important markets for online gaming. The increasing use of online games through mobile platforms is increasing revenue from the market. The increasing focus of various government agencies on improving internet connectivity will support the market and drive the growth of online gaming. This will have a positive impact on the demand for racing games during the forecast period. 

What are the Racing Games Market Dynamics Shaping Growth?

The market is thriving with the rise of next-gen gaming and the popularity of driving simulators among smartphone users. With a focus on realistic games and stunning visual effects, the market is witnessing a wave in in-

Snapshot img

Horse Racing Market Size 2024-2028

The horse racing market size is forecast to increase by USD 114.5 billion at a CAGR of 14.71% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends and factors. One notable trend is the increasing involvement of younger audiences in horse racing, as evidenced by the rising popularity of events like the Kentucky Derby and the Royal Ascot among millennials. Another trend is the rise in the adoption of online betting platforms, which has made horse racing more accessible and convenient for fans around the world. However, the market also faces challenges, including growing concerns for animal welfare and the potential for regulatory issues in various jurisdictions. Despite these challenges, the horse racing industry continues to thrive, driven by its rich history, tradition, and the excitement of live racing events.

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The market is an age-old tradition that continues to captivate audiences worldwide. This industry encompasses various aspects, including training regimens, professionalism, and the roles of trainers, jockeys, breeders, owners, and bettors. In this analysis, we delve into the key trends and developments shaping the market. The integration of technology advancements, such as Artificial Intelligence, has transformed the industry, making it more accessible and immersive for fans. Horses undergo rigorous training regimens to ensure they are at their best during races. Trainers employ various techniques to optimize their horses' fitness and conditioning, focusing on both physical and mental well-being.

Moreover, Jockeys, too, play a crucial role in maximizing a horse's potential, employing expert riding skills and race strategy. Breeders and trainers prioritize the health and well-being of their horses, adhering to ethical practices and implementing the latest advancements in horse care. This commitment to animal welfare not only benefits the horses but also enhances the reputation of the industry. Fans can now watch races live, place bets online, and access real-time race information from anywhere.

Furthermore, technology advancements, such as artificial intelligence, are being integrated into various aspects of the industry, from race analysis to horse health monitoring. However, there is a growing focus on sustainability and reducing the industry's environmental impact. Initiatives include the use of renewable energy sources at racetracks and the promotion of eco-friendly practices among participants. Breeders invest significant resources in producing top-performing horses, while owners take pride in their horses' achievements.

In addition, the market also offers various opportunities for individuals to invest in horse ownership, making it an attractive proposition for those with disposable income. By staying informed of these trends, industry participants can position themselves for success and contribute to the ongoing growth and innovation of this captivating industry.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Flat racing
  Jump racing
  Harness racing
  Endurance racing


Revenue Stream

  Betting revenue
  Live event revenue
  Broadcasting rights
  Sponsorship and advertising
  Horse sales and breeding


Geography

  North America

    US


  Europe

    UK
    France


  APAC

    Japan


  Middle East and Africa



  South America

By Type Insights

The flat racing segment is estimated to witness significant growth during the forecast period.Flat racing is a popular spectator sport in which horses compete against each other over a set distance, ranging from 402 to 4,828 meters. The majority of these races take place on Turf, surfaces, which are natural grass tracks, although in North America, dirt surfaces, composed of sand and local soil, are more common. With millions of people attending race meetings annually, particularly in the UK, flat racing holds significant cultural and economic importance. This sport is deeply ingrained in the culture, often accompanied by fashion and social gatherings. The thrill of flat horse racing lies in its speed, strategy, and the unique bond between horses and jockeys.

Furthermore, online platforms have revolutionized the way people engage with this dynamic and integral part of the equestrian sports landscape. Horse ownership and breeding have become more accessible, allowing individuals to invest in their passion. Wagering on races has also become easier than ever before, with various online betting sites and apps available. Racetracks offer hospitality experiences, providi

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period