According to the latest report by IMARC Group, titled “Japan Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Japan online gambling market size reached US$ 6.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2027, exhibiting a growth rate (CAGR) of 6.95% during 2022-2027.
Market Outlook:
Online gambling, also called virtual gambling, refers to the casino or sports-based betting activities that are conducted over the internet. Unlike in-person gambling, it does not involve physical interactions between participants as the sessions are moderated by computer programs. Players can play several virtual games, including poker, blackjack, sports betting roulette, slot machines, etc. The gambling software applications can be downloaded and installed on a smart device, or the game can be played through a website. Online gambling platforms offer numerous benefits, such as cashless transactions, personalized budgets, accessibility through any electronic device, real-time gambling experience, etc.
Market Trends 2022-2027:
The growing penetration of internet usage and the escalating popularity of smart devices are among the key factors driving the online gambling market in Japan. In addition to this, the emerging trends of cultural acceptance and legalization of online betting practices across various states are also positively influencing the market growth. Furthermore, numerous market players are establishing high-profile sponsorships with several racing and football clubs to attract more customers, which is augmenting the Japan online gambling market. Besides this, various technological advancements, such as the integration of blockchain tools and Virtual Reality (VR), are also acting as significant growth-inducing factors. Moreover, the introduction of bitcoin gambling, which involves casino games that run on a digital currency network, is anticipated to fuel the Japan online gambling market over the forecasted period.
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Japan Online Gambling Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the Japan online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the Japan online gambling market on the basis of game type, device and region.
Breakup by Game Type:
- Sports Betting
- Casino
- Others
Breakup by Device:
- Desktop
- Mobile
- Others
Breakup by Region:
- Kanto Region
- Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
Explore Full Report Description At: https://www.imarcgroup.com/japan-online-gambling-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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