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Online Gambling Market Size to Grow USD 68310 Million by 2030 at a CAGR of 11.8% | Valuates Reports

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BANGALORE, India, July 26, 2024 /PRNewswire/ — Global Online Gambling Market is Segmented by Type (Sports Gambling, Online Gambling Games, Stem Cell Media, Poker Games, Casino Games, Bingo), by Application (18-29 years old, 30-39 years old, 40-49 years old): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Online Gambling market was valued at USD 31010 Million in 2023 and is anticipated to reach USD 68310 Million by 2030, witnessing a CAGR of 11.8% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Online Gambling Market:

The industry for online gambling is expanding rapidly as a result of factors including the growing usage of smartphones, the legality and regulation of online betting in certain jurisdictions, and rising internet penetration. Online gambling has become quite popular among consumers because of the ease with which it is possible to access gaming platforms at any time and from any location. Further increasing market attractiveness are better user experiences, increased security protocols, and an extensive range of gaming possibilities, including as poker, casino games, and sports betting. The market is developed and fiercely competitive in areas like Europe, where regulatory frameworks are well-established, while North America is expanding quickly as a result of recent US legalization initiatives. Furthermore, the incorporation of cutting-edge technologies like blockchain and AI is increasing user engagement and trust, which is propelling additional growth.

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TRENDS INFLUENCING THE GROWTH OF THE INSECT CELL CULTURE MARKET

The expansion of the sector has been significantly aided by the legalization and regulation of online gaming in several jurisdictions. The potential economic advantages of a regulated online gambling sector, including higher tax revenues and the generation of jobs, are being recognized by governments and regulatory authorities more and more. Legalization gives consumers more trust and encourages participation by providing a framework for ethical and safe gaming operations. Significant market expansion has been observed in regions like Europe, North America, and portions of Asia after rules that are favorable to the industry were put in place. The industry is anticipated to grow as more nations legalize online gambling, propelled by the creation of safe and regulated gaming environments.

Because of its wide appeal and the thrill it provides, sports betting is one of the main drivers of the online gambling sector. The ease of use and accessibility of internet platforms have greatly increased sports betting appeal. Millions of bettors attend major athletic events like the World Cup, Super Bowl, and other regional leagues, which fuels the growth of online gambling. Incorporating live betting and real-time updates improves user engagement, and customers are further drawn in by incentives and promotional offers. Internet gambling is becoming a significant industry area as a result of growing consumer interest in sports betting and the ease of use of internet platforms.

The popularity of online casino games, such as roulette, blackjack, and poker, has greatly boosted the market for online gambling. These games’ accessibility and variety on internet platforms draw a wide range of players. The excitement of real casinos is combined with the ease of playing from any location with casino games. Their appeal has grown even more since live dealer games, which mimic the atmosphere of a real casino, are now available. Players are also kept interested by the use of eye-catching visuals, engaging gameplay, and alluring bonuses and promotions. One of the main factors propelling the growth of the online gambling industry is the increasing demand for online casino games.

The 30- to 39-year-old age group is a major factor in the expansion of the internet gambling industry. This age group is more likely to participate in online gambling activities since they usually have more spare cash and are more tech-savvy. Through a variety of games and betting options, online gambling sites satisfy their need for excitement and amusement. Their hectic lifestyles are well-suited to the ease with which these platforms may be accessed through computers and cellphones. Furthermore, this age group is successfully drawn in by tailored incentives and focused marketing strategies. The noteworthy involvement of individuals aged 30-39 in virtual gambling activities serves as a primary catalyst for industry expansion.

The market for internet gambling is expanding as a result of shifting social perceptions on gaming. The perception of gambling as a socially acceptable pastime is changing from that of a prohibited behavior. Younger generations are especially exhibiting this change in attitude, since they are more accepting of internet gambling as a recreational pastime. This shift has also been influenced by the normalization of gambling through popular culture, celebrity and sports team endorsements, and sponsorships. The number of individuals playing online games is rising as gambling becomes more socially acceptable, which is fueling industry growth.

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ONLINE GAMBLING MARKET SHARE ANALYSIS

Due to the growing popularity of online entertainment and the expanding acceptance of digital technology, the Asia-Pacific area has a lot of promise. Comprehending the aforementioned regional dynamics is crucial in order to grasp the whole growth trajectory of the online gambling industry. This underscores the need of customized approaches to effectively tackle certain regional possibilities and obstacles.

The market is well-established and expanding throughout Europe as a result of favorable legislation and widespread internet use. North America is growing quickly; this is especially true in the US, where new laws are creating more chances.

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Key Players:

Bet365Kindred GroupGVC HoldingsFlutter EntertainmentWilliam HillPinnacleThe Stars GroupBetvictorBetsson ABGamesys888 HoldingsBet-at-home.comIntertopsBetwayBetfredInterwettenSBOBETSportechEGBBetOnline

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Prepaid Cards for Online Gambling Market

–  Online Gambling Game Software market was valued at USD 69580 Million in 2023 and is anticipated to reach USD 75190 Million by 2030, witnessing a CAGR of 1.1% during the forecast period 2024-2030.

–  Online Gambling and Sports Betting Market

–  Online Gambling Games for Mobile-install Market

–  Online Bingo Gambling Market

–  Online Betting for Sports and Casinos Market

–  Daily Fantasy Sports and In-Game Gambling Market

–  Online Betting Market was estimated to be worth USD 94520 Million in 2023 and is forecast to a readjusted size of USD 171750 Million by 2030 with a CAGR of 8.8% during the forecast period 2024-2030.

–  Esport & Sport Gambling Market

–  Gambling & Betting market was valued at USD 254630 Million in 2023 and is anticipated to reach USD 352530 Million by 2030, witnessing a CAGR of 4.7% during the forecast period 2024-2030.

–  Daily Fantasy Games Market

–  Global Live Game Streaming Market

–  Global Gaming Accessories market is expected to reach to USD 12490 Million in 2023, with a positive growth of %, compared with USD 11350 Million in 2022 which suffered dual impact of COVID-19 and Russia-Ukraine War in the year. Backed with the increasing demand from downstream industries, Gaming Accessories industry is evaluated to reach USD 23620 Million in 2029. The CAGR will be 11.2% during 2023 to 2029.

–  The global market for 2D Fighting Games Market was estimated to be worth USD 1098.3 Million in 2023 and is forecast to a readjusted size of USD 1405.5 Million by 2030 with a CAGR of 4.1% during the forecast period 2024-2030.

–  Metaverse Market

–  Global Mixed Reality in Gaming Market

–  The global Video Game Accessories market was valued at USD 1325 Million in 2023 and is anticipated to reach USD 2037.2 Million by 2030, witnessing a CAGR of 6.3% during the forecast period 2024-2030.

–  The global Digital Game Distribution Platform market was valued at USD 1006 Million in 2023 and is anticipated to reach USD 1341.4 Million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.

–  The global Gaming Peripherals market size is projected to reach USD 4228.9 Million by 2027, from USD 2897 Million in 2020, at a CAGR of 5.5% during 2021-2027.

–  Game Development Tools Market

–  The global Video Gaming Rental Service market was valued at USD 1759 Million in 2023 and is anticipated to reach USD 2591 Million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.

–  Cloud Mobile Gaming Market

–  Game Player Maintenance Services Market

–  Video Game Engine Market

–  The global Virtual Reality Gaming Accessories market was valued at USD 227 Million in 2023 and is anticipated to reach USD 328.5 Million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.

–  Mobile and Handheld Gaming Market

–  Paid Mobile Game Services Market

–  Role Playing Detective Game Market 

–  3D Social Gaming Platform Market

–  Cybersecurity in Gaming Market

–  Global Roguelike Game market is projected to reach USD 57,336 Million in 2030, increasing from USD 23,153 Million in 2023, with a CAGR of 12.3% during the period of 2024 to 2030.

–  The global MMO Games market was valued at USD 11400 Million in 2023 and is anticipated to reach USD 20360 Million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.

–  Legal Lotteries Market

–  The global Online Football Sports Betting market was valued at USD 191 Million in 2023 and is anticipated to reach USD 257.1 Million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.

–  The global Online Ball Game Betting market was valued at USD 251 Million in 2023 and is anticipated to reach USD 325.2 Million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.

–  Lottery Draw Games Market

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Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

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Technology

The Battery Show Asia 2025: Uniting Global Innovators in Hong Kong

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September 20, 2024

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July 15-17, 2025 | AsiaWorld-Expo, Hong Kong

HONG KONG, Sept. 20, 2024 /PRNewswire/ — The Battery Show, organized by Informa Markets, is a globally recognized platform for cutting-edge battery technology, energy storage solutions and electric/hybrid vehicle (EV/HV) innovations. It is expanding its reach with the inaugural The Battery Show Asia 2025, which will take place from July 15-17, 2025, at AsiaWorld-Expo in Hong Kong. This landmark event builds on the long-lasting success of The Battery Show in North America and Europe, highlighting the strategic importance of the Asian in the fast-evolving advanced battery, energy storage and e-mobility sectors. 

Over three days, The Battery Show Asia 2025 will feature 350+ exhibitors, attract over 15,000 industry professionals, and host 150+ expert speakers. The event will be a pivotal meeting ground for innovators, engineers, manufacturers, and thought leaders from Asia and around the world, offering a unique platform for collaboration, knowledge sharing, and business development in this dynamic industry.

Hong Kong, strategically located within the Greater Bay Area (GBA), is an ideal venue for this prestigious event. With its world-class connectivity and business-friendly environment, Hong Kong offers unparalleled access to the vibrant and diverse markets of China and the broader Asia-Pacific region, making it the perfect location for industry professionals looking to expand their global business footprint, either into Asia or from Asia to the rest of world.

The Battery Show Asia 2025 will feature a comprehensive exhibition showcasing the latest advancements in battery technology, energy storage solutions, and EV/HV innovations. Complementing the exhibition will be a cutting-edge conference program addressing critical topics such as policy and regulation, advanced technology, hydrogen energy, emerging applications, and investment trends. The show will be co-located with Mobility Tech Asia and Data Center Asia, further enhancing its appeal and reach across interconnected sectors.

Attendees will have exclusive opportunities to engage with leading battery and component manufacturers, EV/HV producers, renewable energy experts, and influential decision-makers from across the globe. With a strong international presence, the event promises to foster meaningful connections and strategic partnerships, particularly for those looking to engage with China’s rapidly advancing technology sector.

A series of exclusive networking events, including VIP receptions, an all-day Open Tech Forum, and the premium TBSA/MTA 2025 Conference, will offer additional opportunities for deep engagement and collaboration. Whether you’re showcasing innovations, exploring market insights, or expanding your professional network, The Battery Show Asia 2025 is the essential event to drive your business forward.

Contact:
For more information or partnership and sales inquiries, please contact:
info@thebatteryshow.asia

About Informa Markets:
Informa Markets creates platforms for industries and specialist markets to trade, innovate, and grow. Through our comprehensive portfolio of exhibitions, digital content, and services, we enable customers and partners to connect, discover new opportunities, and drive industry progress.

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SOURCE Informa Markets Asia-The Battery Show Asia & Mobility Tech Asia

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Technology

Valmet to supply a new BCTMP line and an evaporator line to JK Paper Limited in India

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September 20, 2024

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Valmet Oyj press release, September 20, 2024, at 9:30 a.m. EEST

ESPOO, Finland, Sept. 20, 2024 /PRNewswire/ — Valmet is to supply a new bleached chemi-thermomechanical pulp (BCTMP) line and a related evaporator line to JK Paper Limited’s Fort Songadh mill in India. The new BCTMP line will manufacture high-quality BCTMP pulp for lightweight coated board production. The start-up is scheduled for the end of 2025.

The order was included in Valmet’s orders received of the second quarter 2024. The value of the order will not be disclosed.

“The new BCTMP and evaporator line will play a crucial role in our production process, enabling us to meet increasing market demands while adhering to the highest quality and environmental responsibility standards. Valmet’s unique high-temperature (HT) BCTMP technology will allow us to achieve superior pulp quality and energy efficiency, ensuring that we remain competitive in the global marketplace,” says A.S. Mehta, President, JK Paper Limited.

“The BCTMP order from JK Paper marks a significant continuation of our cooperation. We are privileged that Valmet has been chosen to contribute to their ongoing success. Our advanced HT-BCTMP and evaporator line technologies will enhance their production capabilities and support their efforts to minimize environmental impact through energy-efficient and resource-saving solutions,” says Fredrik Willgottson, Vice President, Pulp & Energy, Asia Pacific, Valmet.

Technical details about the delivery

The 400 ADMT/d BCTMP line is based on Valmet’s HT-BCTMP technology for optimized impregnation, producing pulp with high bulk and low shive content at minimum energy consumption. The line will include all main process technology for chip washing, pre-steaming, PREX impregnation, HC refining, MC bleaching, HC bleaching, LC refining, screening, reject refining, steam separation, heat recovery, and pulp washing.

The delivery includes a Mechanical Vapor Recompression (MVR) tube evaporator plant for handling the BCTMP plant liquor. It covers MVR evaporator effects, a tube concentrator, and a condensate treatment plant. The evaporator line includes Valmet’s patented Internal Condensate Treatment for producing cleaner condensate for recycling in the mill. The new line will have a design capacity of 180 tons of water per hour.

Information about JK Paper Limited

JK Paper Limited, an integrated pulp and paper plant, was established in 1962. The company is a leading Indian producer of office papers, coated papers, writing and printing papers, and high-end packaging boards. The company has three integrated Pulp and Paper Mills: Unit JKPM at Rayagada (Odisha), Unit CPM at Songadh (Gujarat), and Unit SPM at Kagaznagar, Telangana. The company’s installed capacity is around 800,000 tonnes per annum.

VALMET
Corporate Communications

For further information, please contact:
Pawan Kumar Agarwal, Director, India Region, Asia Pacific, Valmet, tel. +91 96540 69641
Fredrik Willgottson, Vice President, Pulp and Energy, Asia Pacific, Valmet, tel. +66 61384 7911

Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet’s net sales in 2023 were approximately EUR 5.5 billion.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

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Technology

The Second “FROM ZIQUEJIE TERRACES TO THE WORLD” Global Farming Culture Exchange and Mutual Learning Conference Held

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September 20, 2024

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LOUDI, China, Sept. 20, 2024 /PRNewswire/ — On September 12, the opening ceremony and keynote speeches of the Second “FROM ZIQUEJIE TERRACES TO THE WORLD” Global Farming Culture Exchange and Mutual Learning Conference were presented in Xinhua County, Loudi City, Hunan Province. Over 200 guests, including representatives from international organizations such as the International Union for Conservation of Nature (IUCN), the Food and Agriculture Organization of the United Nations (FAO), diplomats from terrace-cultivating countries like France and Peru, and domestic and international experts from the agriculture, culture, and tourism sectors, gathered to discuss key issues including the protection of global agricultural cultural heritage and the development of the green agricultural economy. Together, they explored ways to preserve and promote farming culture, showcasing Hunan’s unique approach to agricultural heritage protection and innovation, while contributing China’s solutions for the safeguarding of global agricultural cultural heritage.

During the opening ceremony, the Consensus on the Integrated Development of Terraces in Agriculture, Culture, and Tourism was released. The document promotes the understanding of the value of terraces, the protection of terrace ecosystems, the preservation of farming culture, the active promotion of agriculture, culture, and tourism integration, enhanced international exchange and cooperation, and the innovation of development models. The aim is to promote the effective protection and sustainable development of terraces globally, deepen the integration of agriculture, culture, and tourism, build distinctive terrace-based industrial chains, enhance the overall competitiveness of terrace regions, and achieve ecological, economic, and social benefits for all.

Terraced fields exemplify the harmonious coexistence of human ingenuity and nature. They carry rich agricultural traditions and historical memories, and their value in preserving biodiversity, ensuring food security, and promoting regional economic development is immeasurable. The Ziquejie Terraces, recognized as both a Globally Important Agricultural Heritage System and a World Heritage Irrigation Structure, are the product of the collective labor of the Miao, Yao, Dong, Han, and other ethnic groups throughout history. These terraces are a historical testament to the merging of mountain hunting cultures with rice farming cultures.

Looking ahead, Loudi City will further strengthen the protection of agricultural cultural heritage, promote cultural inheritance, and foster the integration of agriculture, culture, and tourism. Through these efforts, it aims to provide concrete examples of “authentic protection, living use, and industrial integration” for the world.

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