Global Social Casino market demand 2024, Forecast To 2033
4 Mar, 2024
The social casino market size has grown strongly in recent years. It will grow from $7.39 billion in 2023 to$7.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rise of social gaming, casino entertainment experience, community and social interaction, expansion in emerging markets, regulatory acceptance, sustainability and green practices. The social casino market size is expected to see strong growth in the next few years. It will grow to $11.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to health and wellness integration, enhanced social features, personalization and player retention strategies, emergence of skill-based games, mobile gaming dominance. Major trends in the forecast period include in-app purchases and monetization models, integration of social features, collaborations with entertainment brands, emergence of skill-based games, social responsibility and responsible gaming.
Global Social Casino Market Key Driver
The social casino market is expected to experience robust growth propelled by the increasing proliferation of smartphones. With smartphones becoming ubiquitous, users are leveraging these devices for enhanced gaming experiences, including social casino games. The widespread adoption of smartphones, particularly in emerging markets like India, has significantly expanded the user base for social casino apps. The surge in mobile data consumption and the addition of millions of new smartphone users each quarter further drive the growth prospects of the social casino market, reflecting anticipated market sizes for 2023, 2024, and 2028.
Get A Free Sample Of The Global Social Casino Market ReportGlobal Social Casino Market Segments
The global social casino market covered in this report is segmented –
1) By Type: Casual Games, Free Game, Turn-Based Game, Other Types
2) By Application: Free, Toll
3) By End-User: Gaming Population, Mobile Users
By Geography: The regions covered in the social casino market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the social casino market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the social casino market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Social Casino Industry Players
Zynga Inc., International Game Technology, Scientific Games Corporation, Caesars Entertainment, Creatiosoft Solutions Pvt Ltd., KamaGames Ltd., Ruby Seven Studios Inc., Playtika Holding Corp., PLAYSTUDIOS Inc., LuckyFish Games - Free Slot Machines, Meme Inc., Tripledot Studios Limited, RocksPRO, Tap Slots Free Casino Slot Machines, Huuuge Games - Play Together, Big Fish Games Inc., DoubleDown Interactive, GSN Games, High 5 Games, Murka Games Limited, Product Madness, Super Lucky Casino, Tangelo Games, Win Studios, Wizits Limited, Akamon Entertainment S.L., AlchemyBet Limited, Appeak, Aristocrat Leisure Limited, Bally Technologies Inc., Betable Limited, Betsson AB, Bigpoint GmbH
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Social Casino Market Overview
Social casino refers to an online gaming application or website that allows players to interact on a common platform without any hindrance to playing popular gambling for free. It can be played by downloading the gaming application on a computer or mobile phone. These games do not always need monetary payment to play, instead, the players seek virtual payments.
Social Casino Global Market Report 2023 provides data on the global social casino market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The social casino market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.