The online gambling market is a dynamically developing industry that covers tens or even hundreds of millions of players around the world. According to forecasts, in 2023-2024 the industry will continue to grow steadily, according to BetB2B.
According to statistics, the online gambling industry will be valued at $92 billion by the end of 2023. Growth has been made possible by the rapid development of technology. Almost every casino has a platform on the Internet and its own application that allows you to play on a portable device.
There are other reasons why the online gambling market is growing. For example, an increase in the number of countries in which casinos have been legalized.
“At this level of development, it is very important to create effective IT solutions that will be in demand in the B2B format”— the leading developer of the BetB2B betting platform shared his point of view.
The global online gambling market is segmented as follows:
- By geography (Asia-Pacific, Africa, Middle East, Europe, South and North America).
- By payment method (virtual and real money).
- By device (mobile and desktop).
- By type of games (bingo, lottery, casino (cards, roulette, slots), social games, and sports betting).
Online sports betting and casino is a lucrative industry that is constantly being innovated making it one of the most attractive for businessmen. According to analysts, by 2027 the entire gambling market will be valued at $765 million.
Almost every gambling establishment has its own website, but this is not enough for the business to be effective and bring good profits. The point is a high level of competition and a lot of nuances.
The owner of a custom-built portal focuses on making a profit here and now. He is not ready to quickly respond to changes in market trends, which means that he will not be able to compete effectively in the future. Companies like BetB2B specialize in developing IT solutions for gambling. And such solutions are just aimed at optimizing any already finished product.
BetB2B in a broad sense covers various areas of business development in the gambling industry:
- Business optimization. We are talking about setting up financial decisions, website design, and other important points.
- Development of tools for the request of the target audience.
- Development of effective software products.
- Market and individual business research.
- Consulting, audit, business support and technical support at all stages.
Complex solution operators set trends in the market and dictate the pace of its development. And if the playground invests money to increase net profit and reach customers, then bet-b2b com invests in the development of improvements and the introduction of innovative technologies. Therefore, a self-written portal cannot compete on equal terms with complex turnkey solutions.
Market dynamics and turnkey BetB2B solutions: reviews
The global gambling entertainment market is one of the most profitable areas in the world. It can be traced back to ancient times when they were part of Chinese culture, and in the modern world, gambling has become part of all cultures.
According to market research, in 2022 the entire gambling market was estimated at almost $650 billion. This incredible figure was made possible thanks to technological progress, changing regulations in many countries, increased consumer demand, as well as effective marketing strategies adopted by casinos and bookmakers, BetB2B experts specify.
As technology becomes more advanced, so do the ways in which gambling operators present their services and products. In particular, the popularity of online casinos has skyrocketed.
Many of them offer interesting options such as virtual reality casino games, and virtual sports betting, providing a new level of experience for customers. In addition, bonuses and other online casino promotions help to attract more and more customers.
In 2022, gambling laws and regulations in some parts of the world are less stringent than ever. Many countries, including the United States, have begun to allow online gambling. This gives an additional boost to the global gambling market as online gambling makes gambling services more accessible.
Growing consumer demand for gambling products and services is also driving the growth of the global gambling market. The number of gamblers interested in gambling has skyrocketed all over the world as more and more people are discovering the pleasure and excitement that gambling brings.
The growth of users of betting services and online casinos leads to an increased technical load on the web resources of establishments. And this means that you need to adapt and create more powerful and reliable systems.
According to bet-b2b com experts, along with the growth of gamblers and companies providing services, ready-made solutions from specialized IT companies providing SaaS platforms for the gambling business will be in great demand.
BetB2B reviews: how and where to find the best betting/gambling products
The gambling industry is 100% composed of complex products of a technological plan. Any investor understands that gambling means high risks when investing, and then the prospect.
“Our strategic goal is to form a high-quality product case. In our view, these should be modern platforms, ready-made solutions, and tools for improving the casino site. When a client receives a product of such a plan, he makes a minimum of mistakes, relying on the experience of BetB2B betting platform specialists”— shared his thoughts with the representative of the company.
BetB2B offers businesses effective solutions to achieve their goals. For example, on the bet-b2b com portal, you can purchase a ready-made turnkey platform.
More than 100 online casino platforms and bet shops use ready-made BetB2B solutions. To make it easier for the client to find the right product, the company offers the following solutions:
- Turnkey Solution is the best option for operators of gambling and betting sites that have a license and all the necessary infrastructure (legal and financial) to start a business.
- Retail Solution. It combines the capabilities of a classic bet shop and an Internet portal. Suitable for online betting and land-based bookmakers.
- Sportsbook iFrame is a good solution for international platform operators on the network. Allows you to integrate bets on more than 182 sports.
More about all services on the BetB2B portal.