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Online Games

How iGaming is taking over the gambling industry, by CT Interactive

Tuesday 27 de February 2024 / 12:00

2 minutos de lectura

(Sofia).- The gambling industry is divided into numerous segments. You’ve got software providers like us, as well as online casinos, sportsbooks, and owners/operators who manage thousands of sites all over the world. In the past, it would be fair to say that iGaming wasn’t dominating the industry. However, recent data suggests that iGaming isn’t just biting into the market share of platforms like online sportsbooks, but it’s actually starting to take over. This is obviously very promising from a software provider’s perspective, and we like to think that our collective efforts have played some role in the popularity of iGaming.

How iGaming is taking over the gambling industry, by CT Interactive

Naturally, the more diverse and the higher the quality of games available, the better overall user engagement will be. That said, user engagement and overall enjoyment aren’t quite as quantifiable as the latest industry statistics. This brings us to some of the most striking facts that prove iGaming is becoming more prominent worldwide. So, to begin, if revenue projections are correct, the iGaming industry could be worth more than $150 billion by 2030. This figure projects double-digit compound growth that is expected year on year. And if we bear in mind that the iGaming industry was worth just over $60 billion at the end of 2021, these projections point toward mass adoption and growing interest in places where gambling is already popular.

But how can the iGaming industry expect such rapid growth? There are numerous reasons behind the numbers. First and foremost, the iGaming industry is becoming more and more prevalent in places like North America, largely thanks to relaxed online gambling laws spreading throughout the nation. Additionally, South America is following suit, with enormous markets like Brazil opening up its doors to the world of iGaming. In fact, there are more than 500 million people in the USA and Brazil alone. If even a fraction of the collective population gains an interest in iGaming over the coming years, the outputs could be enormous. Of course, these are just two markets where iGaming is booming, but there is also cause for enthusiasm in places like Europe, Africa, and Australasia.

Despite the fantastic opportunity that these locations present for the iGaming market, there is one missing piece to the puzzle, and that’s the point where companies like CT Interactive and others enter the picture. We say that because no matter how large the market, if the end product isn’t desirable, numbers will dwindle, and the industry won’t grow. But the end product is improving exponentially with cutting-edge technology like artificial intelligence, virtual reality, and cryptocurrency integrations, so we are seeing that growth. Collectively, such technologies are helping to build truly unique experiences, and things like slot games now demonstrate Hollywood-worthy animations. Therefore, there is only one way the iGaming industry will go: up!

Categoría:Online Games

Tags: online gaming, Casino Online, CT Interactive,

País: Bulgaria

Región: EMEA

Event

SBC SUMMIT RIO 2024

05 de March 2024

From SBC Summit Rio, Cathryn Lai reveals Openbet's expansion plans in Latin America

(Rio de Janeiro, SoloAzar Exclusive).- Cathryn Lai has more than 15 years of experience in the gaming industry and is currently Chief Commercial Officer (CCO) at OpenBet, one of the most important companies dedicated to technological solutions for the sports betting and gaming industry that has played a central role in the market since 1996. After her time at SBC Summit Rio, Lai analyzes the company's expansion strategies in the Brazilian market in particular and Latin America in general.

Thursday 04 Apr 2024 / 12:00

Adsterra: transforming digital advertising in the iGaming industry

(Rio de Janeiro, SoloAzar Exclusive) - Adsterra, a leading advertising network with a decade-long track record in digital advertising, is revolutionising the Gaming sector. Tarcio Santos, Community Manager of Adsterra Brazil, shared with SoloAzar details about the company's incursion into the world of iGaming and its participation in the SBC Summit Brazil.

Thursday 04 Apr 2024 / 12:00

eSports on the rise in Brazil

(Rio de Janeiro, SoloAzar Exclusive) - From 6 to 7 March, at the Windsor Barra Hotel in Rio de Janeiro, within the SBC Summit Brazil, a series of conferences were held, that brought together prominent professionals and industry leaders, addressing specific topics for Brazil. On 7 March, the panel discussion on electronic sports, also known as eSports, was a highlight, with the participation of experts in the field. SoloAzar was present and in this article shares some of the highlights of the event.

Wednesday 03 Apr 2024 / 12:00

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