The gambling market was worth $449 billion in 2022 and continues to grow. With this growth economy, it is important to create solutions that have B2B demand, said BetB2B team, a leading developer of IT solutions for the gaming industry.
Betting is a subspecies of gambling that involves betting with a wager. Gambling is defined as the complex of gambling games. Betting on sports is a very popular form of gambling entertainment, accounting for 40% of the gambling market.
The Statista portal recently published data showing that every second resident of the United States over the age of 18 has placed a bet on sports at least once in their life. The situation is roughly the same in most economically developed countries.
Sports betting and online casinos are a rapidly growing profitable industry. Constant innovations and changing regulations around the world for the benefit of entrepreneurs make it one of the most attractive businesses. The gambling market is predicted to exceed $765 billion by 2027.
To make your business more effective in the gambling industry, having your own platform is not always enough. It’s all about high competition. The owner of a custom platform is focused on making a profit, not developing new solutions. Accordingly, they may not be able to react quickly enough to trends and changes. At the same time, companies like BetB2B specialize in developing industry solutions, including:
- research
- software development
- tools tailored to the target audience
- business optimization – from design to financial decisions
- consulting
- technical support
- business support at all stages.
BetB2B explains that companies offering comprehensive solutions set the pace for the development of the market and the industry. While a game`s operators invests in expanding its reach and profits, BetB2B invests in the development and implementation of innovative technologies and improvements. Therefore, a custom-built platform cannot effectively compete with turnkey comprehensive solutions from b2b providers.
Market dynamics and ready-made solutions – BetB2B
The UKGC research shows that engagement in online gambling is increasing among both men and women: 25% of male and 17% of female respondents played online in the last month. The market concept suggests that these figures will continue to rise every year.
BetB2B experts attribute the growth of involvement in the gambling industry to general gadgetization and Internet access. The Asia-Pacific region now retains high momentum. The growth of smartphones with online access is opening up access to content: including sports events.
Betting platforms are opening up access to sports broadcasts with the ability to bet in streaming mode, to make quick decisions and react to changes in the situation during the game. For a similar reason, the growth of betting in cybersports is predicted.
The growth of users of betting services leads to high technical loads on platforms. Accordingly, building fault-tolerant systems and offering extraordinary modern solutions is necessary. Expanding your business in partnership with technology companies providing comprehensive turnkey solutions, like BetB2B, will be more profitable for gaming operators as it requires less time and investment.
How and where you can find the best products in gambling/betting: BetB2B review
The gambling industry is 100% comprised of complex technological products. Moreover, one can spend millions on developing effective solutions that meet the constantly evolving market demands and still not achieve the desired results. That is why for any investor, the bet industry is primarily associated with high risks.
“Our strategic task as a company is to create high-quality services in the market. In our view, this involves ready-made solutions and modern platforms for organizing business in the bet industry. When our client receives such a platform, they make a minimum of mistakes relying on the professional experience of BetB2B,” the company commented.
Bet-b2b com offers effective solutions for businesses. For example, on the company’s website, you can purchase a turnkey platform with access to a business management system.
More than 100 sites use BetB2B ready-made solutions in their business. To streamline the business the company offers software products for betting and gambling in general:
- Sportsbook iFrame is the ideal solution for operators in the online space. It is designed for international operators and offers modern sports betting solutions with a wide range of features, a customizable interface that supports multiple languages and currencies, and a unique design. With this solution, sportsbook can be quickly and easily integrated into an existing platform.
- Retail Solution. It is equally suitable for land-based betting offices and online betting.
The system combines the capabilities of an online platform and a traditional betting shop. It is automated, has a simple and user-friendly interface, and can be used for remote management of points within the network.
- Turnkey Solution. The perfect option for betting and gambling operators who already have a license before turning to bet-b2b com.
The solution involves a comprehensive integration of unique software and includes: Toto, CMR, CMS, back-office system, 2-line support assistance, virtual sports, slots, live casino, sportsbook, and unique games from BetB2B.
