iGaming – Tendencies, Prospects, Expectations
In recent years, the gambling business has been developing at a crazy pace. According to experts, the capitalization of the gambling market in the last year amounted to about $484 billion, and it is going high year by year. The thing is that the iGaming segment is one of the fastest-growing in gambling, accounting for about 12 per cent of the market share.
The most profitable regions are Australia, Singapore, Ireland, Finland, and the United States. The situation with the profitability geography is not expected to change in the future; however, there will be many different advancements in the industry.
There is currently tough competition in the online gambling market. Therefore, to attract customers, operators of the online segment offering various games like Reactoonz and others, will be forced to pay special attention to the following aspects:
- Increased security;
- Development of mobile gambling;
- Live entertainment;
- Using cryptocurrency for financial transactions!
This year, operators will focus on creating websites with special applications for Android and iOS, offering improved functionality and user comfort.
Today, about 2.5 billion people on the planet use smartphones, and their number will increase to 3 billion people by the end of this year, according to forecasts. At the same time, 7 out of 10 users download gambling games to their gadgets during the first week after purchasing them. Accordingly, the popularity of mobile gambling is growing at an enormous pace. Experts say that mobile online games are the future of iGaming. According to analysts, mobile gambling will account for 50% of gross revenue by 2023.
New Board Games
Board games are becoming more and more popular every year. To attract gamers, developers make entertainment more colorful, exciting, large-scale, and original. In 2021, users will expect both completely new entertainment and reworked old board games, including:
- Gloomhaven: Jaws of the lion;
- Dune: Imperium;
- Lost Ruins of Arnak;
- Twilight Imperium: Prophecy of Kings;
- On Mars and many others!
One of the main promising areas of gambling in 2021 is live casinos offering real-time entertainment. In fact, such sites act as a link between land-based establishments and virtual services. This unique mix gives players more options, more freedom in terms of money and time. Experts believe that the next stage in the development of live casinos is virtual reality technology. There is already some equipment from well-known providers that ideally imitate the atmosphere of a land-based casino.
Difficulties and Their Impact on the Segment
The iGaming segment is becoming more and more popular every year. It attracts the attention of not only users but also regulatory authorities. In this regard, this year, operators may face a number of difficulties:
- Tougher licensing and increased control;
- Limits on user deposits;
- High competition.
Tighter licensing and high competition will allow casinos to enter a new, more advanced level of business and will also contribute to the dynamic growth of the industry as a whole. This will lead to better service quality, customer satisfaction, and further industry popularization.