NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global online gambling market size is estimated to grow by USD 181.47 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.96% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview 1.1 Desktop 1.2 Mobile 2.1 Lottery 2.2 Betting 2.3 Casino 3.1 North America 3.2 APAC 3.3 Europe 3.4 South America 3.5 Middle East and Africa Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The desktop segment holds a substantial share in the global online gambling market, providing a convenient platform for users to enjoy various forms of betting and gaming. Desktop devices, including personal computers and laptops, offer advanced capabilities and expansive interfaces for accessing virtual casinos , sports betting platforms, poker rooms, and other online gambling services. Notable online casinos like 888 Casino and Betway provide feature-rich desktop platforms with a diverse range of games, such as slots, roulette, and blackjack, along with live dealer options. Desktop devices' enhanced processing capabilities are crucial for high-stakes activities like live sports betting , where real-time data and video feeds are essential for informed decisions. The desktop segment caters to users seeking a comprehensive gambling experience, offering expansive lobbies, advanced graphics, and interactive interfaces. Desktop-specific promotions and loyalty programs incentivize continued engagement from users, providing exclusive bonuses, specialized tournaments, and targeted rewards based on desktop-specific gameplay metrics. These advantages position the desktop segment for growth in the global online gambling market. Analyst Review The online gambling market has experienced significant growth in recent years, with many consumers turning to the convenience and accessibility of playing casino games, slots, and poker from the comfort of their own homes. In countries like Great Britain , the popularity of online gambling continues to rise. The market includes various platforms offering various games, such as OpenSports for sports betting and Betway for casino and poker. Virtual Reality (VR) technology is also making waves in the industry, with companies like Bet365 and Entain PLC experimenting with gaming experiences. Payment options like Neteller have simplified transactions, while sponsorships with organizations like the Argentine Football Association and FIFA World Cup add credibility. Films have also played a role in popularizing online gambling , showcasing the excitement and potential winnings. Regardless, responsible gambling practices are essential to ensure a safe and enjoyable experience for all players. Market Overview Online gambling has seen significant growth in recent years, with land-based casinos facing increasing competition from the digital world. Casino gambling , including slots, poker, and sports betting , has become more accessible than ever before, thanks to advancements in technology. Great Britain is a major market for online gambling , with companies like Kindred, GAME, and Betway leading the charge. Artificial Intelligence (AI) and user experience are key focus areas, ensuring convenient payment options and personalized experiences for players. Virtual and augmented reality are also transforming the industry, with Bet365 and Flutter Entertainment PLC at the forefront. However, concerns around mental health, pathological gambling , and chronic stress remain, with sponsorships and gambling bans a contentious issue. Blockchain and online payment solutions like Neteller are revolutionizing transactions, while product innovations from Betsson AB, Gaming Realms, and others continue to push the boundaries. The FIFA World Cup, European Championships, and major sports leagues like the Argentine Football Association and SA20 are popular betting events, while films and television programs add to the entertainment value. Mobile gambling , fueled by smartphones, is a growing trend, with Iowa's Casino Queen Marquette and other land-based casinos exploring digital opportunities. Internet technology and digital gambling continue to attract internet users in their millions, making it an exciting and dynamic industry to watch. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
Nvidia (NVDA) captivates investors as it ascends past its crucial 50-day moving average, spotlighted as the IBD Stock Of The Day. This upward momentum signals the potential for early entry, capturing the attention of market watchers. For four consecutive days, Nvidia’s shares have climbed, effectively bouncing back after a recent decline indicated by sell signals earlier this month. Though share prices have stabilized over the past two months due to production concerns with its latest Blackwell graphics units, recent movements suggest an optimistic shift. Nvidia’s stock trajectory has positioned it to potentially form a double-bottom base soon, with a targeted buy point of 146.54. In trading activity today, the stock gained 0.7%, hitting 140.65, while earlier reaching as high as 141.90. This upward trend includes clearing a minor downward trendline from a past peak of 152.89, making it a stock to watch for potential breakouts above the 50-day average. Nvidia’s rally draws parallels with Taiwan Semiconductor Manufacturing (TSM), whose stock surged on Monday after breaking out at a buy point of 205.63, boosting the sector’s outlook. Looking ahead, Nvidia might unveil exciting products at the CES 2025 in Las Vegas, where CEO Jensen Huang will deliver a keynote speech. Additionally, Nvidia’s GTC conference in March could see the revelation of the anticipated GB300 AI server, known as “Blackwell Ultra.” Market analysts, including Wedbush Securities’ Matt Bryson, are optimistic, rating Nvidia as outperform with a target price of 175. Morgan Stanley’s Joseph Moore also highlighted Nvidia as a top pick for 2025, further bolstering its market reputation. Nvidia’s Strategic Surge: Key Insights for 2025 and Beyond Nvidia’s recent ascent past its crucial 50-day moving average has electrified investors, signaling potential early entry opportunities and marking it as the IBD Stock of the Day. As Nvidia’s shares continue to climb for the fourth consecutive day, investors should take note of several factors contributing to this exciting momentum. Key Features and Innovations Nvidia’s recent movement suggests a promising trajectory, possibly forming a double-bottom base with a targeted buy point of 146.54. Today, the stock increased by 0.7% to 140.65, nearing a potential breakout point and indicating a potential bullish trend. This movement mirrors the recent success of Taiwan Semiconductor Manufacturing (TSM), which surged following a breakout. Looking forward, significant upcoming innovations from Nvidia are highly anticipated, particularly the unveiling of the GB300 AI server, known as “Blackwell Ultra,” expected at the GTC conference in March. The unveiling of new products during CES 2025, with a keynote by CEO Jensen Huang, might further propel Nvidia’s standing in tech innovation. Market Analysis and Predictions According to market analysts, Nvidia’s prospects look increasingly promising. Wedbush Securities’ Matt Bryson rates Nvidia as outperforming, assigning a target price of 175. Similarly, Morgan Stanley’s Joseph Moore considers Nvidia a top pick for 2025, a sentiment that could enhance its market credibility. Potential Use Cases and Applications Nvidia’s advancements in graphics technology and AI hold significant implications across various industries, including gaming, autonomous vehicles, data centers, and AI research. The anticipated Blackwell Ultra AI server could revolutionize computational capabilities, providing significant efficiencies and power in AI-driven operations. Comparison and Industry Outlook Drawing parallels to TSM’s recent rally, Nvidia’s upward momentum suggests robust sector growth potential. This development aligns with broader technological trends, where advancements in semiconductor and AI technologies are expected to dominate the market landscape. Emerging Trends and Sustainability The tech industry continues to emphasize sustainability, and Nvidia’s focus on energy-efficient technologies may enhance its appeal to environmentally-conscious investors. As AI technology’s demand increases, Nvidia’s innovation and commitment to sustainability will be crucial in maintaining its competitive edge. Investors should watch these emerging developments closely as Nvidia continues to navigate production concerns while strategically positioning itself for potential breakthroughs and ongoing market leadership.None
A lecturer in the Department of Crop and Environmental Protection at Ladoke Akintola University of Technology (LAUTECH), Oyo State, Dr. Adeola Odewole, has highlighted the benefits Nigerian farmers could derive from exploring plant extracts as insecticides. Odewole, on Monday, told newsmen in Ilorin that plant extracts have shown significant promise as alternatives to synthetic insecticides. “Plant extracts have shown significant promise as alternatives to synthetic insecticides,” she said, justifying that “these extracts are environmentally sustainable, biodegradable, and leave no harmful residues in soil, water, or food.” She explained that plants such as ginger, sunflower, fish bean, African black pepper, cloves, and citrus possess potent pesticidal properties, which are readily available and cost-effective for smallholder farmers. She noted that proper formulation of these extracts ensures their efficacy against pests while preserving beneficial organisms and the overall ecological balance. The expert lamented that farmers often use chemical insecticides without adequate knowledge of their consequences. According to her, chemical insecticides are used on vegetables consumed daily, such as cucumber, okra, cabbage, and amaranths. “Some farmers rely on chemical insecticides because they do not have an alternative to insect pest infestation control. “This indiscriminate usage has resulted in environmental pollution, food contamination, health risks for farmers and consumers, and the emergence of pesticide-resistant pests,” she said. Odewole, who is also a postdoctoral researcher in the Management and Conservation of Natural and Agrarian Resources at the Federal University of Vicosa, Brazil, observed that the adverse effects are profound and multifaceted. She said, “Both farmers and consumers are exposed to chemical residues. “This residue usually leads to health challenges such as skin disorders, respiratory illnesses, and long-term health complications. “It also degrades ecosystems and harms beneficial organisms, including pollinators essential for crop production.” Odewole warned that prolonged use of chemical insecticides could lead to resistance in pest populations, adding that this could force farmers to increase dosages, perpetuating the cycle of dependence. According to her, an experiment conducted on harvested cucumber fruits from different markets in the five local government areas of Ogbomoso showed high chemical residues in some areas compared with the European Union Maximum Residue Limits (EU MRLs) standard. “The values indicate that the public is exposed to the health risks of pesticide residues through cucumber consumption in parts of the study area,” she warned. The agric expert noted that after petroleum, agriculture is the cornerstone of Nigeria’s economy, with vegetable farming serving as a critical source of livelihood for countless local farmers. She, however, pointed out that unregulated and excessive use of chemical insecticides poses significant risks to the sector’s sustainability. She, therefore, called on policymakers to establish regulations that limit the overuse of chemical pesticides and incentivize sustainable methods. Odewole also urged extension officers and agricultural organizations to provide farmers with training, resources, and technical support. “Scientists must continue to research and validate innovative solutions and empower farmers with knowledge and tools for transforming pest control practices and achieving long-term agricultural sustainability. “By adopting safer and more innovative pest management practices, we can protect human health, preserve the environment, and secure food safety,” she said.