Casino Games - South Africa

  • South Africa
  • The Casino Games market in South Africa is expected to witness substantial growth in the coming years.
  • According to projections, the total revenue in this market is set to reach €10.07m in 2022.
  • Furthermore, the market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 9.11% from 2022 to 2027.
  • This growth trajectory is expected to result in a projected market volume of €14.73m by 2027.
  • In terms of revenue sources within the Casino Games market, in-app purchases (IAP) are projected to contribute significantly.
  • It is estimated that in 2022, the revenue from in-app purchases will reach €6.31m.
  • Additionally, paid app revenue is projected to reach €0.04m in the same year.
  • Moreover, advertising revenue is expected to play a vital role, with projections indicating it will reach €3.73m in 2022.
  • The number of downloads in the South African Casino Games market is also expected to see considerable growth.
  • Projections indicate that the number of downloads will reach 8.29m downloads in 2022.
  • Currently, the average revenue per download is expected to amount to €1.22.
  • When comparing the global landscape, it is worth noting that in the United States generates the highest revenue in the Casino Games market.
  • In 2022, the revenue from this market segment in the United States is projected to reach a staggering €3,186.00m.
  • This highlights the significant market potential and revenue opportunities in the Casino Games market industry.

Key regions: Asia, United States, Europe, South Korea, India

 
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Analyst Opinion

Since the start of Apple, Inc.'s App Store in 2008 with around 500 apps, mobile apps have come to dominate the digital economy and have quickly outpaced the demand for desktop applications. As of 2021, the Apple App Store and Google Play Store had more than 5 million apps combined. Because many apps from the West are not available in China, many new app stores have emerged there. Digital lifestyles around the world now depend on adopting mobile apps, especially when it comes to social networking. The games industry has also been thoroughly transformed by the app revolution and is demonstrated by the fact that the games category is the largest and highest-grossing app category.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Vue d’ensemble

  • Revenue
  • Market Shares
  • Downloads
  • Users
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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