According to a new market report pertaining to the global sports betting kiosk market published by Transparency Market Research, the global sports betting kiosk market is projected to reach a value of ~US$ 400 Mn by 2027. The sports betting kiosk market is projected to expand at a CAGR of ~7% from 2019 to 2027. Growth of the sports betting kiosk market can be attributed to the high demand for digital content and exponential growth in content volumes. Europe is anticipated to lead the global sports betting kiosk market, followed by North America, during the forecast period.
Increasing Demand for Automated & Self-service Kiosk Solutions at Stadiums & Sports Clubs
The sports betting kiosk market is being fueled by the increasing demand for automated and self-service kiosks at stadiums and sports clubs. Both, customers and sports organizers are increasingly looking for self-service kiosks, such as ticketing, self-betting kiosks, bet ticket scanning, and centralized record systems, to avoid delays and long queues at sports stadiums and sports clubs.
It is expected that, the presence of these self-service solutions would result in favorable responses from customers in the near future, which, in turn, is expected to drive the global sports betting kiosk market. As customers look for more mobile-based and self-service offerings, they want more control of their betting experiences to reduce stress during sports betting. This growth driver is anticipated to have a high impact on the market’s growth throughout the forecast period from 2019 to 2027, with continuous demand for automated and self-service kiosks from customers for sports betting.
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Sports Betting Kiosk Market: Regional Outlook
In terms of region, the global sports betting kiosk market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe led the global sports betting kiosk market, accounting for a substantial share in 2018, with the U.K, and Italy being the major markets in the region. Europe is followed by North America, which is expected to show continuous growth at ~7% during the forecast period. The Asia Pacific sports betting kiosk market is expected to expand at a rate of ~6% during the forecast period, owing to the large expansion of the sports betting market in the region. The sports betting kiosk markets in the Middle East & Africa and South America are expected to expand moderately during the forecast period.
Sports Betting Kiosk Market: Competition Dynamics
The research study includes the profiles of leading companies operating in the global sports betting kiosk market. Key players profiled in the report include JCM Global, DB Solutions, International Game Technology PLC, ISI, LTD., Kambi Group PLC, KIOSK Information Systems, NOVOMATIC Sports Betting Solutions, Olea Kiosks, Inc., SBTech Malta Limited, and SG Gaming.
This post was originally published on Space Market Research