The Social Casino Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Social Casino Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Social Casino Market Characteristics
3. Social Casino Market Trends And Strategies
4. Social Casino Market – Macro Economic Scenario
5. Global Social Casino Market Size and Growth
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31. Global Social Casino Market Competitive Benchmarking
32. Global Social Casino Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Social Casino Market
34. Social Casino Market Future Outlook and Potential Analysis
35. Appendix
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