(MENAFN- PR Newswire) NEW YORK, March 13, 2023 /PRNewswire/ -- The online lottery market size in china is forecast to grow by USD 3.67 billion between 2021
and 2026, and the growth momentum will be accelerating at a CAGR of 5.13% during the forecast period. The growth of the market is driven by the increased reach of
online lotteries. Online lottery can be played through computer and mobile devices, with a high adoption among young people. In addition, mobile ads, being one of the strongest mediums of advertising, encourage people to try the games online. Moreover, the online sports lottery in China has been driving market growth. For more insights on the market – request a report sample continue reading
![Technavio has announced its latest market research report titled Online Lottery Market in China 2022-2026]( "Technavio has announced its latest market research report titled Online Lottery Market in China 2022-2026")
Technavio has announced its latest market research report titled Online Lottery Market in China 2022-2026
Company Profiles
The online lottery market report in China includes information on the key products and recent developments of leading vendors, including:
Baidu - The company offers lottery services where you can simply select six numbers from 1 to 49. BIT Mining Ltd. -
The company offers an online sports lottery service in China. China Sports Lottery Operation and Management Co. Ltd. -
The company offers sports lottery services in China and offer four types of lottery. Gaming China - The company offers a national lottery made for Chinese players everywhere and it is available exclusively online. QQLotto - The company offers digital animation 4D lottery games using the technologies of the Digital Lottery Draw System.
Market Dynamics
The growth of the market is driven by factors such as the increased reach of online lottery, high jackpot payouts for winners, and unique marketing techniques in the online lottery segment. However, online scams and negative impacts will hinder the growth of the market.
Competitive Analysis
The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. request a sample
Market Segmentation
By product, the market is segmented into lotto, sports, VLT, and scratch card. By device,
the market is segmented
into mobile and desktop.
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What are the key data covered in this online lottery market report in China?
CAGR of the market during the forecast period. Detailed information on factors that will drive the growth of the
market
between 2022
and 2026 Precise estimation of the online lottery market size in China and its contribution to the parent market. Accurate predictions about upcoming trends and changes in consumer behavior. A thorough analysis of the market's competitive landscape and detailed information about vendors. Comprehensive analysis of factors that will challenge the growth of the online lottery market vendors in China.
| Online Lottery Market In China Scope |
| Report Coverage | Details |
| Base year | 2021 |
| Forecast period | 2022-2026 |
| Growth momentum & CAGR | Accelerate at a CAGR of 5.13% |
| Market growth 2022-2026 | USD 3.67 billion |
| Market structure | Concentrated |
| YoY growth 2022-2023 (%) | 4.23 |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Baidu, BIT Mining Ltd., China Sports Lottery Operation and Management Co. Ltd., Gaming China, QQLotto, SINA Corp., and Zhaoqing Chuangwei Development Co. Ltd. |
| Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents:
1 Executive Summary
1.1
Market Overview
Exhibit 01:
Key Finding 1
Exhibit 02:
Key Finding 2
Exhibit 03:
Key Finding 5
Exhibit 04:
Key Finding 6
Exhibit 05:
Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 06
Parent market
Exhibit 07:
Market characteristics
2.2 Value Chain Analysis
Exhibit 08:
Value chain analysis : Casinos and Gaming
2.2.1
Inputs
2.2.2
Operations
2.2.3
Services
2.2.4
Marketing and sales
2.2.5
Support activities
2.2.6
Innovations
3. Market Sizing
3.1 Market definition
Exhibit 09:
Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10:
Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 11:
Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 12:
Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13:
Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by Product
5.1 Market segments
Exhibit 20:
Product - Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 21:
Comparison by Product
5.3
Lotto - Market size and forecast 2021-2026
Exhibit 22:
Lotto - Market size and forecast 2021-2026 ($ million)
Exhibit 23:
Lotto - Year-over-year growth 2021-2026 (%)
5.4
Sports - Market size and forecast 2021-2026
Exhibit 24:
Sports - Market size and forecast 2021-2026 ($ million)
Exhibit 25:
Sports - Year-over-year growth 2021-2026 (%)
5.5
VLT - Market size and forecast 2021-2026
Exhibit 26:
VLT - Market size and forecast 2021-2026 ($ million)
Exhibit 27:
VLT - Year-over-year growth 2021-2026 (%)
5.6
Scratch card - Market size and forecast 2021-2026
Exhibit 28:
Scratch card - Market size and forecast 2021-2026 ($ million)
Exhibit 29:
Scratch card - Year-over-year growth 2021-2026 (%)
5.7
Market opportunity by Product
Exhibit 30:
Market opportunity by Product
6 Market Segmentation by Device
6.1 Market segments
Exhibit 31:
Device - Market share 2021-2026 (%)
6.2
Comparison by Device
Exhibit 32:
Comparison by Device
6.3
Mobile - Market size and forecast 2021-2026
Exhibit 33:
Mobile - Market size and forecast 2021-2026 ($ million)
Exhibit 34:
Mobile - Year-over-year growth 2021-2026 (%)
6.4
Desktop - Market size and forecast 2021-2026
Exhibit 35:
Desktop - Market size and forecast 2021-2026 ($ million)
Exhibit 36:
Desktop - Year-over-year growth 2021-2026 (%)
6.5
Market opportunity by Device
Exhibit 37:
Market opportunity by Device
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
7.1 Overview
Exhibit 38:
Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1
Increased reach of online lottery
8.1.2
High jackpot pay-outs for winners
8.1.3
Unique marketing techniques in online lottery segment
8.2 Market challenges
8.2.1
Online scams and negative impacts
8.2.2
High tax imposed by government and stringent regulations
8.2.3
Competition from casino market
Exhibit 39:
Impact of drivers and challenges
8.3 Market trends
8.3.1
Introduction of new types of lotteries
8.3.2
Public image enhancement
8.3.3
Advanced technologies
9. Vendor Landscape
9.1 Overview
Exhibit 40:
Vendor landscape
9.2 Landscape disruption
Exhibit 41:
Landscape disruption
Exhibit 42: Industry Risk
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 43:
Vendors covered
10.2 Market positioning of vendors
Exhibit 44:
Market positioning of vendors
10.3
Baidu
Exhibit 45:
Baidu
- Overview
Exhibit 46:
Baidu
- Product and service
Exhibit 47:
Baidu
- Key offerings
10.4
BIT Mining Ltd.
Exhibit 48:
BIT Mining Ltd. - Overview
Exhibit 49:
BIT Mining Ltd. - Product and service
Exhibit 50:
BIT Mining Ltd. - Key offerings
10.5
China Sports Lottery Operation and Management Co. Ltd.
Exhibit 51:
China Sports Lottery Operation and Management Co. Ltd. - Overview
Exhibit 52:
China Sports Lottery Operation and Management Co. Ltd. - Product and service
Exhibit 53:
China Sports Lottery Operation and Management Co. Ltd. - Key offerings
10.6
Gaming China
Exhibit 54:
Gaming China - Overview
Exhibit 55:
Gaming China - Product and service
Exhibit 56:
Gaming China - Key offerings
10.7
QQLotto
Exhibit 57:
QQLotto - Overview
Exhibit 58:
QQLotto - Product and service
Exhibit 59:
QQLotto - Key offerings
10.8
SINA Corp.
Exhibit 60:
SINA Corp. - Overview
Exhibit 61:
SINA Corp. - Product and service
Exhibit 62:
SINA Corp. - Key offerings
10.9
Zhaoqing Chuangwei Development Co. Ltd.
Exhibit 63:
Zhaoqing Chuangwei Development Co. Ltd. - Overview
Exhibit 64:
Zhaoqing Chuangwei Development Co. Ltd. - Product and service
Exhibit 65:
Zhaoqing Chuangwei Development Co. Ltd. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1
Market definition
11.1.2
Objectives
11.1.3
Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 66:
Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 67:
Research Methodology
Exhibit 68:
Validation techniques employed for market sizing?
Exhibit 69:
Information sources
11.4 List of abbreviations
Exhibit 70:
List of abbreviations
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