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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



09 de April 2024

Successful presentation of R. Franco and R. Franco Digital on the 25th anniversary of GAT Expo Colombia

(Madrid).- R. Franco and R. Franco Digital once again aroused great interest among operators at GAT Expo Colombia with their latest developments and products fully adapted to the Latin American market.

Friday 19 Apr 2024 / 12:00

The challenge of promoting gender equality within the sector, a topic of debate at GAT

(Cartagena, SoloAzar Exclusive).- “Women promoting the industry as a challenge,” was the topic of a panel organized by ASFEG, the Women's Gaming Association, at the recent GAT EXPO 2024. Speakers talked about female participation in the gaming industry, analyzed the current scenario and shared inspiring message for women in order to achieve gender equality.

Friday 19 Apr 2024 / 12:00

Fast Track pushes innovation and customisation in the iGaming industry at GAT Expo 2024

(Cartagena de Indias, Exclusive SoloAzar) - At GAT Expo Cartagena 2024, Fast Track stood out with its innovative CRM solutions designed specifically for the iGaming industry. Muriel Le Senechal, Solutions Consultant at Fast Track spoke about her good experience at the show, the exceptional feedback at Fast Track's booth, which impressed visitors with its real-time data integration and AI and finally reflected on GAT's 25th anniversary as an evolution in the Latin American gaming industry.

Thursday 18 Apr 2024 / 12:00


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