It is estimated that the mobile gambling industry will be worth a whopping $100 billion by the end of 2017 and such an exponential rise is in no small part down to rapid technological progress over the last few years.
The growth in internet and mobile phones has been a game-changer in a number of industries and such technology has transformed the face of the gambling sector as well.
Technology and the Growth of the mobile gambling
It is estimated that there are a whopping 2 billion smart phones users today and the number is set to rapidly increase in the coming years.
Naturally, the growth in mobile phones usage among the human population has led to gambling companies focusing their attention towards a new market with a huge potential and the level of progress has been simply astounding.
Reports claim that mobile only had 7% share of the gambling industry but that number has now risen to a whopping 40% and there have been predictions that as many as 165 million people will be using their smart phones for gambling purposes by the year 2018.
There was a lot of stigma surrounding gambling not too long ago but advanced technology has turned online gambling into a mainstream leisure pursuit and improvements in mobile interface, game quality as well as internet accessibility has allowed players to enjoy high-class casino style experiences at the palm of their hands.
Mobile technology has provided gambling enthusiasts convenience and this has been the driving force behind the rapid growth of the sector. A leading brand is skybingo which is now offering the ultimate gambling experience with their latest bingo software.
The freedom to play whenever they want from anywhere is a benefit that attracts most players to mobile gambling and features such as in-play betting as well as numerous other options keeps the players glued to their handsets.
The Future
There is obviously a room for a lot of improvement in the mobile gambling industry, whether they are web-based or app-based, and one can expect developers to work tirelessly to improve the quality of the games as well as the user interface in the foreseeable future.
However, many now expect Virtual Reality to take over the gambling industry by storm. Virtual Reality’s potential application has been championed in many sectors such as gaming, healthcare and even military but gambling is an area which seems to have been ignored.
This is not the case though and the mobile gambling industry is already embracing Virtual Reality as well, with www.onlinecasinokung.com already providing a plethora of options to choose from. There have been criticisms that mobile gambling removes the social aspect of the experience but VR has the potential to bring back the social setting along with the convenience of placing bets from the comfort of one’s living room to gambling enthusiasts around the world.
The way in which such a gambling platform works is that, once the player puts the VR glasses on, they enter an alternative world and will be interacting with the environment through a screen via a controller in their hands.
To many, such a technology may seem a bit farfetched at the moment but tremendous developments are being made. With the adoption of VR technologies, there is an expectation that along with regular gamblers, even millennials join the fun and cater to a new market segment altogether can prove to be very lucrative indeed for the mobile gambling industry.