The world’s largest market research store, ResearchAndMarkets.com, has recently added the “Online Poker Market Report: Trends, Forecast and Competitive Analysis to 2030” report to its offerings. The report estimates that the global online poker market will reach the $193.8 billion threshold by 2030 at a combined annual growth rate of 11.5% from 2024 to 2030.
Mobile Gambling Facilities Pushing the Market
According to the analysts, the subject market is expected to be mainly driven by the increasing accessibility to online and mobile facilities and the growing popularity of poker games across gaming and social networks. Having analyzed the player preferences around the world, the report expects that the PC/Laptop users will generate the highest value to online poker operations by 2030. At the same time, the study finds the Texas Hold’em Poker game the most popular among online poker enthusiasts expected to be predominantly located within the North American market.
Competitive Online Poker Environment
Online poker market analysis also discusses the competition in this lucrative market to conclude that the quality of offerings is the key competitive advantage in the market. As reported, online poker operators rely on their supply chain management and manufacturing and R&D capabilities to ensure efficiency of their operations on both the input and output side and generate profits amidst these margins. The report lists some online poker operators implementing the said strategy, such as Tencent, Partypoker, Baazi Games, Bovada, Pokerstars, and more.
As indicated, the analysts estimate that mobile players will bring the largest handle to the online poker operations from 2024 to 2030. More specifically, the study expects that smart phones will be the vehicle most frequently used to place bets online in the near future. The estimate is based on the mobile-friendly poker games being increasingly preferred among the poker player community for their convenient and engaging features appealing to worldwide players.
Europe Expected to See Largest Growth
The study also analyzes the size and the value of online poker markets in the world and anticipates that the global online poker market will reach the value of $193.8 billion by 2030. It also ponders the trends and provides estimates for various market segments and regions. Thus, the report breaks down the global market into the regions of North America, Europe, Asia Pacific, and the Rest of the World to analyze each region. For example, the study reveals that it expects that Europe will experience the most significant online poker market growth in the subject period.
Comprehensive Market Review
The study analyses the impact of different devices, games, and regional preferences to reveal the key growth opportunities in this reference. The report pays attention to the role of new product developments, coupled with market and advertising activities, in reaching strategic objectives. Finally, the online poker market report focuses on strategic analysis of the competitive landscape to offer a comprehensive review of the global online poker market.
Source: “Online Poker Market Trends, Forecast and Competitive Analysis to 2030: Rapid Growth Forecasted for Smartphone Poker Games and Services, with Europe Witnessing the Highest Growth”. European Gaming. March 16, 2024.