LOTTERY SOFTWARE MARKET – EUROPE INDUSTRY ANALYSIS, SIZE, SHARE, GROWTH, TRENDS AND FORECAST

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LOTTERY SOFTWARE MARKET – EUROPE INDUSTRY ANALYSIS, SIZE, SHARE, GROWTH, TRENDS AND FORECAST

The Europe lottery software market was valued at USD 782.7 Million in 2019 and is projected to reach USD 1,158.4 Million by 2027, expanding at a CAGR of 5.6% during the forecast period. Lottery software attempts to predict numbers that are more likely to be drawn by analyzing patterns for combinations of numbers that are more likely to be picked. Moreover, Lottery software is used for entry management application which is similar to syndicate management. The software helps the user in easing up the managing of entries by inputting the chosen combination, amending them, and outputting them for purchase of tickets.

Get free exclusive sample report @ Europe lottery software market 

Market Dynamics
Gambling activities have increased substantially in Europe. The GGR in Italy and the UK is the highest within the region, and is followed by Germany, France, and Spain. GGR represents approximately 0.5% of the GDP on average. In Europe, the overall online GGR is expected to be around USD 27.7 billion by the end of 2020 and is generated through sports betting, online casino, and online lottery. The online gambling and demographic statistics concludes that more than 17% of the population in the UK are engaged in online gambling, thus resulting in an overall revenue of approximately USD 6.8 billion from the sector. This rising popularity among a huge population base in several countries in the region is expected to propel the demand for lottery software in the online gambling industry.

By Players:

  • Magayo
  • Bonobo PLC,
  • Lottotech
  • Carn Software Ltd.
  • Kootac
  • Inbet
  • LottoNetix

By Type:

  • On-premise
  • Cloud Based

 

Contact Info-

Name: Growth Market Report
Address: 500 East E Street, Ontario,
CA 91764, United States.
Phone No: USA: +1 909 545 6473
Website: https://growthmarketreports.com/

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Keywords: lottery software market,market trends,market insights

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