Online Dating Services Market Outlook - 2025. The global online dating services market was valued at $6,400.0 million in 2017, and is projected to reach $9,202 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.

Amazon increased its ecommerce market share in the UK from 28.8% in 2018 to 30.1% in 2019, according to the latest report from global ecommerce insights firm Edge by Ascential.

The report reveals that Amazon dominates UK ecommerce (30.1%), accounting for $30bn in sales in 2019. The next biggest player is eBay, which takes a 9.8% share of the online market, followed by Sainsbury’s (4.6%), Tesco (4.5%), Walmart/Asda (3.9%), and John Lewis (3.6%).

The UK is the world’s third largest ecommerce market behind China and the US, accounting for $101bn in 2019. Moreover, Edge by Ascential analysts predict that ecommerce’s share of chain retail will continue to rapidly increase in the UK, expanding from 21% in 2019 to 26% in 2024.

Edge by Ascential analysts have identified three key planning factors for retailers in 2020:

• Speed of fulfilment will become a competitive battlefield for retailers – as the consumer demand for speed and convenience continues to grow, retailers will place more focus in supporting fast and flexible supply chains to meet this need, asking suppliers to support their more agile operations with improved service levels.
• Brexit will disrupt cross-border trade and regulatory alignment – although the precise shape and timing of Brexit remains uncertain, retailers and brands must be prepared to face short-term disruption from potential trade tariffs, border delays and currency volatility. UK brands and retailers must therefore closely monitor future regulation, future-proof supply chains as well as ensure compliance with EU product standards to defend their existing market positions.
• Expect further blurring of physical stores and online touchpoints – there will be further shifts towards omnichannel shopping, particularly in grocery, as food retailers recognise its huge growth potential. Retailers will need to leverage data and analytics to sharpen their market positionings, develop distinct channel strategies for product ranges and build out experiences in-store and online.

Nick Everitt, Director of Advisory EMEA at Edge by Ascential, said: “The UK ecommerce market is the third largest in the world, and the largest in Europe, and with increasing connectivity coupled with growing consumer demand for convenience, UK retailers are under serious pressure to revolutionise their omnichannel experience in 2020.

“Finding the right balance between a sophisticated online offering and an engaging in-store presence is a key aspect to sustaining success.

“However, it’s important that retailers focus on their entire offering across the supply chain in order to meet the needs of consumers, whilst preparing in advance for impending challenges like Brexit along the way.”

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Global Online Gambling and Betting Market

Online gambling and betting includes operators providing gambling and betting games such as poker, casino, lottery, bingo, and sports betting via digital platform. Fantasy league gaming platforms such as NFL Enterprises LLC, CBS Interactive, Fleaflicker, and Sideline Software, Inc. league offer a service for online betting on sports such as cricket, football, and horse riding.

Global online gambling and betting market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing population and increasing use of internet across the globe. Moreover, many countries such as Argentina, Australia, Brazil, Singapore, and Ghana are relaxing the laws and regulations for online gambling and betting. For instance, China allows betting only on approved sites and the Chinese Sports Lottery has the monopoly on all sports betting, in Japan, online betting for lottery, public sports, and football are allowed, and in Singapore, gambling is legalized but highly regulated.

Increasing internet penetration is expected to drive the market growth

Online gambling and betting market is expected to witness considerable growth during the forecast period, as online gambling platforms provide high level of accessibility to the user for gambling or betting at any time and at any place. Moreover, through mobile applications, large wagers can give offers and continuously update on betting rate.

According to Our World in Data, estimated number of internet users worldwide reached 3.4 billion in 2016. Increasing number of internet users is one of the major factors driving growth of the market, as an internet gambler can get access to vast number of betting options from providers’ website or gaming applications. Some of the countries in Asia Pacific such as India, China, and Indonesia have huge number of internet users.

Increasing use of virtual currencies is expected to boost growth of the online gambling and betting market

In the past few years, virtual currency and cryptocurrency have gained popularity. Currently, many gaming operators offer a variety of payment options such as visa casinos, check online casinos, neteller online casinos, and paypal casinos, however, virtual currency is mostly preferred among online casinos. Speedy deposit or withdrawal of money for online gambling is preferred by consumers. Bitcoin has become a popular payment method in online gambling, with some online casinos already accepting it as a standard payment method. According to a report published by “bitcoin.com” in January 2019, over 24.5 billion bets have been placed with bitcoins over the past 2 years.

Figure 1. Global Online Gambling and Betting Market Share, by Device Type (2017, %)

Source: Coherent Market Insights, 2017-18

Increasing use of mobile devices is expected to drive the market growth

Top Uk Online Casino

According to a report published by Pew Research Center in February 2018, 77% of the adults in the U.S. are using smartphone and in 2011, this number was only 35%, as mobile phones offer features such as internet access, gaming applications, and social media. Gaming providers are offering easy to operate mobile applications for gambling with easy to transfer payment options.

Figure 2. Global Online Gambling and Betting Market Share, by Region (2017, %)

Source: Coherent Market Insights, 2017-18

Asia pacific region is expected to witness a considerable growth rate over the forecast period

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The online gambling and betting market in Asia Pacific region is expected to grow at a CAGR of 14% over the forecast period. Relaxation of laws, rising number of internet users, and availability of gambling and betting websites with attractive offers are factors driving growth of the online gambling and betting market in Asia Pacific region. Moreover, increasing use of internet-based devices and increasing trust on payment options are propelling growth of the online gambling and betting market across the region.

Key players operating in the global online gambling and betting industry include 888 Holdings, GVC Holdings, Kindred Group, Paddy Power, Betfair, William Hill, Bet365, Stars Group, Draft Kings, Betsson, and BetAmerica.