Europe Lottery Software Market

1. Home  Software & Services  Lottery Software Market – Europe Industry Analysis, Size, Share, Growth, Trends and Forecast Europe Lottery Software Market by Types (On premise and Cloud Based) and Application (Personal Use, Enterprise and Others) Report ID: ICT-SE-111 Rating: 4.8 No. Of Pages: 104 Pub. Date: 2020-11-03 Format:  Author: Growth Market Reports Total Reviews: 16 Share: Report Description Table Of Content Segments Methodology Market Outlook: The Europe lo?ery so?ware 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. Lo?ery so?ware a?empts to predict numbers that are more likely to be drawn by analyzing pa?erns for combina?ons of numbers that are more likely to be picked. Moreover, Lo?ery so?ware is used for entry management applica?on which is similar to syndicate management. The Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

2. so?ware helps the user in easing up the managing of entries by inpu?ng the chosen combina?on, amending them, and outpu?ng them for purchase of ?ckets. Market Dynamics Gambling ac?vi?es have increased substan?ally 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 be?ng, online casino, and online lo?ery. The online gambling and demographic sta?s?cs concludes that more than 17% of the popula?on in the UK are engaged in online gambling, thus resul?ng in an overall revenue of approximately USD 6.8 billion from the sector. This rising popularity among a huge popula?on base in several countries in the region is expected to propel the demand for lo?ery so?ware in the online gambling industry. Moreover, In terms of economic significance, Europe is widely regarded as a ‘single state’ and is to some degree controlled by legisla?on adopted by the European Union. However, regula?ons regarding online gambling EU countries are characterized by diverse regulatory frameworks. Governments in several countries are favoring gambling to some extent, as the revenue generated by the sector is used in non-profit programs and for charity purposes. This has Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

3. resulted in complete or par?al legaliza?on of gambling ac?vi?es in several countries in the region, ul?mately influencing a large popula?on base to adopt lo?ery and gambling ac?vi?es. This is expected to boost the demand for lo?ery so?ware in the region during the forecast period. However, increasing preference for gambling has resulted in fueled fraudulent ac?vi?es in the sector. Unlicensed illegal operators contac?ng consumers and asking them for bank details or in some cases to pay a certain amount of money to get the prize amount credited in their account. Such growing scenarios of lo?ery scams is expected to hinder the lo?ery so?ware market to a large extent. Segmental Outlook On the basis of types, the market is bifurcated into on-premise and cloud-based. The cloud-based segment accounts for a major share of the market; however, the on-premise segment is an?cipated to expand at a high CAGR during the forecast period. The growth of the on-premise segment is a?ributed to the improved data security and informa?on control provided by the pla?orm. In this framework, businesses hold all their data and monitor what happens to it. Businesses in highly regulated industries, have addi?onal concerns related to privacy are more likely to hesitate to spring into the cloud-based pla?orm. The pertaining concerns of privacy and security in cloud-based infrastructures are a major factor resul?ng in the expansion of on-premise segment, in terms of value, during the forecast period. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

4. Based on applica?ons, the market is segregated into personal use, enterprise, and others. The enterprise segment accounts for a significant share of the market; however, the personal use segment is expected to expand at a high CAGR during the forecast period. The significant share held by the enterprise segment is a?ributed to rise in licensed ELMs are engaged in promo?ng lo?ery games on the behalf of non-commercial socie?es. A majority of ELMs are privately-held commercial firms, such as professional lo?ery promoters, fundraisers, or direct mail companies that are paid a fee for their services to society lo?eries. This denotes the huge requirement for lo?ery so?ware among ELMs resul?ng in expansion of segment, in terms of revenue. However, these ELMs are required to have lo?ery opera?ng license issued by the commission to promote a lo?ery on the behalf of a licensed society lo?ery. Defini?ons By Type On-premise: On-premise so?ware, o?en called as ‘on-premise so?ware’, is so?ware solu?on, which is usually installed on-site on local hardware systems or operated from a dedicated data center. This includes any computer program, which the users can access on-site or in-office computers. In this framework, all the resources are deployed in an on-site environment and within the IT infrastructure of the enterprise. On-premise so?ware requires an organiza?on to buy a Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

5. license or copy of the so?ware for its usage. Since the so?ware is licensed and the whole so?ware instance is situated within the premises of an en?ty, there is generally larger security than a cloud-based infrastructure. Conversely, a major downside of the on-premise pla?orm is the costs associated with the managing and maintaining the infrastructure. Cloud Based: Cloud-based so?ware o?en referred to as so?ware as a service (SaaS), is a remotely hosted pla?orm on a third party data center. This enables businesses to pay on an as-needed basis and to scale up or down easily based on the overall usage, customer requirements, and the growth of a business. The cloud-based so?ware is used by companies opera?ng in numerous loca?ons that need to maintain real-?me coordina?on with each other. SaaS is con?nual; therefore, users pay on a monthly or annually for the services. A cloud server uses virtual applica?on for hos?ng the applica?ons of a business. Furthermore, cloud compu?ng usually offers instant provisioning since everything is configured. However, in a cloud-based pla?orm the ques?on of ownership of data is a huge drawback. The encryp?on key and the data resides with the third-party provider, which may act as a hinderance in accessing the data, if any unexpected occurs and down?me exists. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

6. Country Outlook On the basis of countries, the Europe lo?ery so?ware market is classified as Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe. The UK accounted for a significant share of the market; however, the market in Germany is expected to grow at a substan?al CAGR during the forecast period. The UK holds a large share of the market due to the presence of several established players in the region that are engaged in providing lo?ery so?ware. Addi?onally, an increase in preference for gambling among a large popula?on base in the country is driving the market in the UK. The market in Germany is projected to expand at a significant CAGR and this trend is projected to con?nue during the forecast period due to large revenue genera?on from lo?ery games for non-profit programs, which is resul?ng in easing up of regula?ons by the government for gambling opera?ons. This, in turn, is expected to boost the consumer spending on several lo?ery games, thus increasing the demand for lo?ery so?ware in Germany. The growth of the lo?ery so?ware market in Italy is majorly a?ributed to the substan?al advancements in the ICT sector in the country with an annual growth rate of approximately 2.7% Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

7. between 2017 and 2020. In terms of online gambling, Italy ranks second in Europe with a 25% rise in gambling operator revenue in recent years. Compe??ve Landscape Key players in the market include Magayo, Bonobo PLC, Lo?otech, Carn So?ware Ltd., Kootac, Inbet, Lo?oNe?x, Scien?fic Games Corpora?on , Interna?onal Game Technology Plc, and Zeal Network SE These companies are considered as key players in Europe lo?ery so?ware market based on their revenue, research development (R&D) ac?vi?es, regional presence, and innova?ve services/solu?ons offering. Key players in the market are engaged in acquiring regional players to increase their sales across Europe. Company can withstand compe??on in the lo?ery so?ware market by adop?ng the latest technologies, increasing consumer base through promo?onal Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

8. ac?vi?es, and through significant partnership with marke?ng companies. Key Benefits for Industry Par?cipants & Stakeholders Industry Drivers, Restraints and Opportuni?es Covered in the Study Neutral Perspec?ve on Europe Lo?ery So?ware Market Performance Recent Industry Trends and Developments Compe??ve Landscape & Strategies of Key Players Poten?al & Niche Segments and Regions Exhibi?ng Promising Growth Covered Historical, Current and Projected Market Size in terms of Value In-depth Analysis of the Europe Lo?ery So?ware Market Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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11.  +1 909 545 6473  sales@growthmarketreports.com FAQ Section Some frequently asked quetions about this report! 1. Can I ask for different company profiles? Additional company profiles can be provided on request. 2. How big will be the Lottery Software market in 2027? 3. What additional data analysis is available in report? 4. What are the criteria used for selecting company profile? 5. What are the factors driving the growth of lottery software market? 6. What are the key end user driving the market growth? 7. What is the impact of COVID-19 on the overall market during year 2019 -2020? 8. Which is the base year calculated in the Europe Lottery Software market report and what is analysis period? 9. Who are the major players operating in the market? Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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