The social casino global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Social Casino Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The social casino market size has grown strongly in recent years. It will grow from $7.39 billion in 2023 to $7.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rise of social gaming, casino entertainment experience, community and social interaction, expansion in emerging markets, regulatory acceptance, sustainability and green practices.
The social casino market size is expected to see strong growth in the next few years. It will grow to $11.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to health and wellness integration, enhanced social features, personalization and player retention strategies, emergence of skill-based games, mobile gaming dominance. Major trends in the forecast period include in-app purchases and monetization models, integration of social features, collaborations with entertainment brands, emergence of skill-based games, social responsibility and responsible gaming.
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Scope Of Social Casino Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Social Casino Market Overview
Market Drivers –
The increase in the proliferation of smartphones is expected to propel the growth of the social casino market going forward. A smartphone is a portable electronic gadget with a cellular network connection. Smartphones help the social casino market to grow by providing boosters for enhanced performance, better display, and top-end specifications. For instance, in October 2021, according to The Economic Times, an Indian business newspaper, with a monthly average of 12 gigabytes (GB) per user, the rate of mobile data consumption in India was the highest in the world. Additionally, 25 million new smartphone users are being added to the country’s population each quarter. Therefore, the increasing proliferation of smartphones is driving the growth of the social casino market.
Market Trends –
Product innovation is a key trend in gaining popularity in the social casino market. Major players in the social casino industry are concentrating on creating new products to improve their market share. For instance, in August 2022, Wind Creek Hospitality, a US-based gaming and hospitality entity company launched CasinoVerse. CasinoVerse is a social game that can be played for free without the need for in-app purchases or “freemium” features. The main feature of CasinoVerse is an immersive 3D setting modeled by popular role-playing games (RPGs) that most gamers are familiar with. This lets users play at virtual versions of the several Wind Creek locations around North America and the Caribbean and explore the Wind Creek world.
The social casino market covered in this report is segmented –
1) By Type: Casual Games, Free Game, Turn-Based Game, Other Types
2) By Application: Free, Toll
3) By End-User: Gaming Population, Mobile Users
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Regional Insights –
North America was the largest region in the social casino market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the social casino market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the social casino market report are Zynga Inc., International Game Technology, Scientific Games Corporation, Caesars Entertainment, Creatiosoft Solutions Pvt Ltd., KamaGames Ltd., Ruby Seven Studios Inc., Playtika Holding Corp., PLAYSTUDIOS Inc., LuckyFish Games – Free Slot Machines, Meme Inc., Tripledot Studios Limited, RocksPRO, Tap Slots Free Casino Slot Machines, Huuuge Games – Play Together, Big Fish Games Inc., DoubleDown Interactive, GSN Games, High 5 Games, Murka Games Limited, Product Madness, Super Lucky Casino, Tangelo Games, Win Studios, Wizits Limited, Akamon Entertainment S.L., AlchemyBet Limited, Appeak, Aristocrat Leisure Limited, Bally Technologies Inc., Betable Limited, Betsson AB, Bigpoint GmbH
1. Executive Summary
2. Social Casino Market Report Structure
3. Social Casino Market Trends And Strategies
4. Social Casino Market – Macro Economic Scenario
5. Social Casino Market Size And Growth
…..
27. Social Casino Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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