Overview and Scope
Social casino refers to an online gaming application or website that allows players to interact on a common platform without any hindrance to playing popular gambling for free. It can be played by downloading the gaming application on a computer or mobile phone. These games do not always need monetary payment to play, instead, the players seek virtual payments.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The social casino market report table of contents includes:
- Executive Summary
- Social Casino Market Characteristics
- Social Casino Market Trends And Strategies
- Social Casino Market – Macro Economic Scenario
- Global Social Casino Market Size and Growth
- Social Casino Market Segmentation
- Social Casino Market Regional And Country Analysis
……………….
- Key Mergers And Acquisitions In The Social Casino Market
- Social Casino Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Social Casino Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Social Casino Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Social Casino Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Zynga Inc. Financial Performance
Table 75: International Game Technology Financial Performance
Table 76: Scientific Games Corporation Financial Performance
Table 77: Caesars Entertainment Financial Performance
Table 78: Creatiosoft Solutions Pvt Ltd. Financial Performance
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