Trends in Online Gaming and Gambling

Online gaming and gambling are rapidly growing industries with a global market value of over $115 billion for video games and an expected value of $73.45 billion by 2024 for online gambling. The increasing use of handheld devices and smartphones has led to more consumers accessing these platforms, resulting in the need for providers to scale quickly to meet demand. Key growth trends include increased time spent playing online games, more online purchases through gaming platforms, and a rise in esports competitions. Virtual reality is expected to play a significant role in enhancing the user experience in online gambling, with an emphasis on live dealer experiences, poker chat rooms, and improved mobile device compatibility. Cryptocurrency is also becoming popular as a payment method due to its perceived security benefits. Security remains a challenge for both industries, with fraud prevention being crucial to providing users with a quality experience while maintaining convenience and ease of use.