Lottery Market Size Will Grow by USD 194.14 Billion | 38% growth in APAC

Regional Lottery Market Highlights

APAC has become the largest revenue-generating economy in the lottery market. The region is expected to account for the highest growth in the market over the forecast period, mainly due to the relaxation of government regulations and increasing disposable income of the people. Furthermore, the region will contribute 38% of the overall growth over the forecast period with China emerges as the largest contributor.

Learn more about the geographical distribution of this market along with the detailed analysis of major regions. https://www.technavio.com/report/lottery-market-industry-analysis

Lottery Market Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from several sources. The report categorized the global lottery market as part of the global casino and gaming market. An in-depth value chain analysis is also available with our detailed report. Our report provides detailed insights on the value chain analysis for Lottery market which vendors can leverage to gain a competitive advantage during the forecast period. End-to-end understanding of value chains is essential in optimizing profit margin and evaluating business strategies.

Our lottery market report covers the following areas:

Lottery Market Trend and Driver:

The growing penetration of online lottery will fuel the growth in the size of the lottery market. Market players are using advanced technologies such as graphics and interactive robots, which have become popular in gaming, to make online lottery more attractive to consumers. Adopting online platforms is a strategy through which vendors are trying to provide a better experience to customers as well as capitalize on the growing use of smartphones by consumers.

Additionally, technology adoption by lottery operators is another factor supporting the growth of lottery market share. The global lottery market is highly regulated and is mostly dominated by government entities, and as a result, it is difficult to grow the business. With more and more people online, lottery vendors need to move away from typical instant games by providing players with a greater social experience and interaction while playing in groups. In addition, the importance of big data and the growing number of Internet of Things (IoT) devices will also change the outlook for the global lottery market.

Download a free sample for highlights on market drivers and trends affecting the lottery market.

Landscape of lottery market vendors

The lottery market is fragmented and vendors are deploying growth strategies such as introducing new games with different price ranges to compete in the market. Market sellers are expected to focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Companies are leveraging technology to deliver innovative solutions and product offerings. For example, Camelot UK Lotteries Ltd. offers a wide range of lottery games such as Lotto, Euromillions, Thunderball, Lotto Hotpicks and others.

The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Camelot UK Lotteries Ltd.
  • China Lot Synergy Holdings Ltd.
  • Florida Lottery
  • International Game Technology plc
  • INTRALOT S.A.
  • New Zealand Lotto
  • New York State Gaming Commission
  • Scientific Games Corp.
  • The California State Lottery
  • The Hong Kong Jockey Club

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read a free sample report.

Customize your report

Don’t miss the opportunity to talk to our analyst and learn more about this market report. Our analysts can also help you customize this report to suit your needs. Our analysts and industry experts will work directly with you to understand your needs and provide you with personalized data in a short period of time.

We offer $1,000 FREE personalization value at time of purchase. Talk to our analyst now!

Related reports:

Casino Market by Type and Geography – Forecast and Analysis 2022-2026

US Lottery Market by Type and Platform – Forecast and Analysis 2021-2025

Esports Market by Game Genre, Revenue Stream and Geography – Forecast and Analysis 2021-2025

Lottery Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 9%

Market Growth 2021-2025

$194.14 billion

Market structure

Fragmented

Annual growth (%)

8.41

Regional analysis

APAC, Europe, North America, MEA and South America

Successful market contribution

APAC at 38%

Main consumer countries

United States, China, Italy, France and Spain

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Florida Lottery, International Game Technology plc, INTRALOT SA, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., The California State Lottery and The Hong Kong Jockey Club

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Abstract

Market landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by type

  • Market segments
  • Comparison by type
  • Terminal games – Market size and forecast 2020-2025
  • Scratch Games – Market size and forecast 2020-2025
  • Sports lotteries – Market size and forecast 2020-2025
  • Market Opportunity by Type

Market segmentation by platform

  • Market segments
  • Comparison by platform
  • Offline – Market size and forecast 2020-2025
  • Online – Market size and forecast 2020-2025
  • Market opportunity by platform

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Competitive scenario
  • Supplier Landscape
  • Landscape disturbance
  • Industrial risks

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Camelot UK Lotteries Ltd.
  • China Lot Synergy Holdings Ltd.
  • Florida Lottery
  • International Game Technology plc
  • INTRALOT S.A.
  • New Zealand Lotto
  • New York State Gaming Commission
  • Scientific Games Corp.
  • The California State Lottery
  • The Hong Kong Jockey Club

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us:

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail:[email protected]
Website:www.technavio.com/

SOURCETechnavio

Comments are closed.