Market Forecast By Product Type (Betting, Casino, Lottery, Others), By Channel Type (Offline, Online, Virtual Reality VR), By Platform (Land-Based, Online), And Competitive Landscape
Product Code: ETC014690 | Publication Date: Oct 2020 | Updated Date: Apr 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Gambling Market report thoroughly covers the market by product type, by channel type, and by platform. The Gambling Market Outlook report provides an unbiased and detailed analysis of the ongoing Gambling Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Vietnam Gambling Market is projected to secure exponential growth in the coming years owing to increasing growth of the population. A high tourist influx in the country is leading to a widening market scope in the country owing to most of the tourists visiting from places where gambling is considered a legal activity. Gambling is illegal in the country which is the major restraint for market growth in country. However, the market consists a huge potential with growth factors including, the rising popularity of online gambling in the country, seeing the legalization of sports betting, and the establishment of new casinos in the country. All these factors expect a rise in the Vietnam Gambling Market revenue.
According to 6Wresearch, the Vietnam Gambling Market size is estimated to gain traction in the coming years during 2023-2029. The market growth is driven by the Vietnamese government has not released any legal framework for legal gambling in Vietnam except for some activities such as state-run lotteries and horse racing. Many illegal gambling casinos are operating in the country, catering to both local and international visitors. Online gambling and sports betting have huge potential in the country, currently, these activities are illegal in the country. Nevertheless, with the growing tourism visits in the country, these activities can be considered as high profit-generating activities which will result in widening the double-digit Vietnam Gambling Market share in the upcoming years.
The impact of COVID-19 on the Vietnam Gambling Market was mixed owing to the closure of physical casinos and betting shops in the country, while the online gambling industry had seen a surge during COVID-19 for entertainment purpose. To prevent the virus spread, the Vietnamese government imposed strict measures including social distancing and lockdowns, which led to a decline in the gambling industry. Hence this affected the Vietnam gambling market growth during COVID-19.
According to Shivanakar, Research Manager, 6wresearch, sports betting has been experiencing major growth in the country with the legalization of sports betting, and the wide establishment of licensed betting shops and online gambling.
Based on this, the online channel is the growing segment in the country owing to the increasing legalization of online sports betting, and lotteries. Also, the government was forced to shut down physical gambling stores, as it is illegal in the country.
Based on this, the online platform is gaining traction in the country owing to a restriction on gambling physical stores, hence, shifting the population towards online gambling and sport betting activities.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Gambling Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Gambling Market Revenues & Volume, 2022 & 2029F |
3.3 Vietnam Gambling Market - Industry Life Cycle |
3.4 Vietnam Gambling Market - Porter's Five Forces |
3.5 Vietnam Gambling Market Revenues & Volume Share, By Product Type, 2022 & 2029F |
3.6 Vietnam Gambling Market Revenues & Volume Share, By Channel Type, 2022 & 2029F |
3.7 Vietnam Gambling Market Revenues & Volume Share, By Platform, 2022 & 2029F |
4 Vietnam Gambling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Gambling Market Trends |
6 Vietnam Gambling Market, By Types |
6.1 Vietnam Gambling Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Gambling Market Revenues & Volume, By Product Type, 2019 - 2029F |
6.1.3 Vietnam Gambling Market Revenues & Volume, By Betting, 2019 - 2029F |
6.1.4 Vietnam Gambling Market Revenues & Volume, By Casino, 2019 - 2029F |
6.1.5 Vietnam Gambling Market Revenues & Volume, By Lottery, 2019 - 2029F |
6.1.6 Vietnam Gambling Market Revenues & Volume, By Others, 2019 - 2029F |
6.2 Vietnam Gambling Market, By Channel Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Gambling Market Revenues & Volume, By Offline, 2019 - 2029F |
6.2.3 Vietnam Gambling Market Revenues & Volume, By Online, 2019 - 2029F |
6.2.4 Vietnam Gambling Market Revenues & Volume, By Virtual Reality VR, 2019 - 2029F |
6.3 Vietnam Gambling Market, By Platform |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Gambling Market Revenues & Volume, By Land-Based, 2019 - 2029F |
6.3.3 Vietnam Gambling Market Revenues & Volume, By Online, 2019 - 2029F |
7 Vietnam Gambling Market Import-Export Trade Statistics |
7.1 Vietnam Gambling Market Export to Major Countries |
7.2 Vietnam Gambling Market Imports from Major Countries |
8 Vietnam Gambling Market Key Performance Indicators |
9 Vietnam Gambling Market - Opportunity Assessment |
9.1 Vietnam Gambling Market Opportunity Assessment, By Product Type, 2022 & 2029F |
9.2 Vietnam Gambling Market Opportunity Assessment, By Channel Type, 2022 & 2029F |
9.3 Vietnam Gambling Market Opportunity Assessment, By Platform, 2022 & 2029F |
10 Vietnam Gambling Market - Competitive Landscape |
10.1 Vietnam Gambling Market Revenue Share, By Companies, 2022 |
10.2 Vietnam Gambling Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |