Technology

Sports Betting Market to grow by USD 221.1 Billion (2025-2029), driven by the digital revolution. Report with market evolution powered by AI – Technavio

Published

1 year ago

January 29, 2025

NEW YORK, Jan. 29, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global sports betting market size is estimated to grow by USD 221.1 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 12.6% during the forecast period. Digital revolution is driving market growth, with a trend towards emergence of machine learning in sports betting. However, stringent government regulations and restrictions poses a challenge. Key market players include 888 Holdings Plc, Abudantia BV, Bet365 Group Ltd., BetOnline, Betsson AB, Caesars Entertainment Inc., Chancier BV, Churchill Downs Inc., DraftKings Inc., Entain Plc, Flutter Entertainment Plc, Kindred Group Plc, LeoVegas AB, Parimatch, Penn Entertainment Inc., Sportech Plc, SportsBetting.ag, The Betway Group, The Hong Kong Jockey Club, and Webis Holdings Plc.

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Sports Betting Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 12.6%

Market growth 2025-2029

USD 221.1 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.0

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key countries

US, China, Germany, Italy, Australia, Canada, India, UK, Japan, and France

Key companies profiled

888 Holdings Plc, Abudantia BV, Bet365 Group Ltd., BetOnline, Betsson AB, Caesars Entertainment Inc., Chancier BV, Churchill Downs Inc., DraftKings Inc., Entain Plc, Flutter Entertainment Plc, Kindred Group Plc, LeoVegas AB, Parimatch, Penn Entertainment Inc., Sportech Plc, SportsBetting.ag, The Betway Group, The Hong Kong Jockey Club, and Webis Holdings Plc

Market Driver

The sports betting market is experiencing significant growth, with popular sports types like Baseball, Basketball, Cricket, and Football leading the way. Betting sites are expanding their offerings to include eSports and Casino Gambling, catering to the convenience of users on Mobile devices and Smartphones. Cashless Transactions are becoming the norm, driven by the digital infrastructure and wireless connectivity of 5G networks. Leading firms like Pure Win and Uplatform are innovating with Virtual Reality and Video streaming to enhance the user experience. Sports types such as EFL, NFL, Tennis, and Horse Racing continue to attract large user bases. Internet penetration and Smartphone use are driving the shift towards Online Sports Betting, with platforms offering Betting software and apps for Football clubs and Athletic events like the FIFA World Cup and FA Cup. Overall, the market is witnessing expansions in Sports Type, Devices, and Convenience, making it an exciting space for growth.

The global sports betting market is experiencing significant growth due to technological advancements, particularly in the areas of blockchain, virtual reality, and artificial intelligence (AI), specifically machine learning tools. Vendors in this sector are investing heavily in machine learning methods to enhance prediction capabilities. Machine learning algorithms and models can analyze real-time data from multiple sources, such as player statistics, weather conditions, and fan sentiment, to generate accurate predictions. This technology is revolutionizing the sports betting industry by providing improved efficiency and better-informed decisions for bettors. The market is expected to expand during the forecast period as a result of the increasing consumer demand for advanced betting experiences.

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Market Challenges

The sports betting market is experiencing significant expansions with the rise of digital infrastructure and wireless connectivity. Baseball, Basketball, Cricket, Football, Tennis, and other popular sports types attract millions of bettors daily. Leading firms like Pure Win and Uplatform leverage mobile devices and smartphone apps to offer convenience to users. ESports betting and virtual reality are emerging trends. Cashless transactions are preferred for security and ease. Betting sites cater to various sports types, including EFL, NFL, and FIFA World Cup, as well as horse racing. With increasing internet penetration and smartphone use, online sports betting platforms are becoming a lifestyle choice for many. The challenge lies in providing reliable data reporting and ensuring seamless user experience on connected devices. As 5G networks roll out, we can expect more video streaming and real-time betting software to enhance the user experience. Sports betting operators must stay updated with these trends to remain competitive.The global sports betting market faces significant regulatory hurdles due to stringent government regulations. In various countries, sports betting is governed by specific laws, legislation, and regulatory acts. For instance, in Canada, the Criminal Code of 1892/1910 prohibits gambling, except for pari-mutuel betting, where authorities take their cut first. This law permits occasional games, provided the profits are used for charitable or religious purposes. In contrast, the US has legalized sports betting across several states. However, most countries have highly regulated betting in sports, allowing betting on specific sports, online betting, or permitting authorized entities to manage sports betting. Regulations vary widely, posing challenges for market growth.

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Segment Overview

This sports betting market report extensively covers market segmentation by

Platform 1.1 Online1.2 OfflineType 2.1 Basketball2.2 Horse riding2.3 Football2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Online- The online sports betting market is experiencing notable growth, fueled by technological advancements in online betting and favorable regulatory changes. Key factors driving this growth include the expansion of the overall betting market due to continuous innovation in online channels, the increasing availability of mobile platforms with the growing penetration of the Internet and smartphones, and the structural migration of customers from retail to online in various emerging markets. Additionally, the continuous improvement of betting applications provides a convenient user experience. Regions such as APAC and MEA offer significant growth potential due to extensive digitalization and rising smartphone penetration. Favorable regulatory frameworks, like the new State Treaty on Gambling in Germany, create uniform conditions for providers and increase safety for end-users, enabling vendors with scale and technological advantages to thrive. Despite some markets lacking proper regulation, the increasing use of mobile devices, improved Internet connectivity, and positive regulatory changes are expected to drive the growth of the online sports betting market.

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Research Analysis

The sports betting market is experiencing exponential growth, fueled by the convenience of betting sites and the increasing popularity of various sports types like Baseball, Basketball, Cricket, Football (NFL), Horse Racing, Tennis, and more. Digital infrastructure, including wireless connectivity and mobile devices, plays a crucial role in this trend. According to DataReportal, there are over 3.2 billion smartphone users worldwide, making mobile betting platforms a preferred choice for many. Leading firms in the industry are continually innovating, integrating features like Virtual Reality and Casino Gambling to enhance user experience. Online betting has become a go-to pastime for sports fans, offering a level of excitement and engagement that traditional methods cannot match.

Market Research Overview

The sports betting market is experiencing significant growth, fueled by the increasing popularity of athletic events and the convenience of online betting. With the rise of mobile devices and wireless connectivity, betting sites have become accessible to millions of smartphone users, allowing them to place bets on their favorite sports types like Baseball, Basketball, Cricket, Football, Tennis, and even eSports, from anywhere at any time. The market is expected to expand further with the integration of digital infrastructure, Cashless Transactions, and Virtual Reality. The FIFA World Cup and NFL are among the leading leagues driving this growth, with horse racing and EFL also contributing. The use of smartphones and connected devices for online betting has become a lifestyle change for many, with the number of smartphone users continuing to increase. The sports betting industry is expected to undergo significant expansions in the coming years, with platforms like Uplatform, Pure Win, and others leading the way. DataReportal predicts that internet penetration will reach new heights, enabling more people to engage in online betting. The integration of 5G networks and the development of betting software will further enhance the user experience, making online betting more accessible and convenient than ever before.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformOnlineOfflineTypeBasketballHorse RidingFootballOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company 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: media@technavio.com
Website: www.technavio.com/

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SOURCE Infiniti Research, Inc.

Technology

Neptune Robotics Invests US$12mn in New Singapore Factory to Drive Five-Fold Increase in Autonomous Ship Hull Cleanings

Published

51 minutes ago

April 20, 2026

Move to capture a larger share of Singapore’s hull cleanings at berth and anchorage
New R&D operations enhances cutting-edge robotics and AI capabilities

SINGAPORE, April 20, 2026 /PRNewswire/ — Neptune Robotics (“Neptune”), a pioneer in AI-powered robotic hull cleaning services with a presence in 61 ports across Singapore and China, today announced a major manufacturing and R&D expansion in Singapore. This is part of the company’s continuing ambition to tackle biofouling, one of the shipping industry’s costliest issues with significant environmental impact.

On the back of a US$52 million Series B round led by Granite Asia in September 2025, the new facility will accelerate Neptune’s mission to slash maritime carbon emissions and fuel wastage through automated hull maintenance.

“Our investment in Singapore is a strategic milestone that will enhance our service provision to clients and position us to meet their current and future needs,” said Elizabeth Chan, Co-Founder and CEO of Neptune Robotics. “With operators facing mounting fuel cost and emissions pressures, we’re scaling autonomous hull cleaning to help mitigate these issues and empower our clients to run more sustainable shipping operations.”

A growing number of shipowners are realizing the benefits of Neptune’s solutions. Biofouling — the buildup of marine growth on hulls — can increase ship greenhouse gas emissions by up to 25-30%[1] depending on vessel characteristics and conditions. Neptune’s AI robots remove this growth without damaging hull coatings, providing an immediate ROI for shipowners facing volatile energy markets and evolving sustainability regulations.

The new facility will bring a number of benefits including:

Increased capacity: By the end of 2026, Neptune will increase its local autonomous cleaning capacity by 400% with plans to reach 60 daily hulls by 2027.Advancing AI and robotics: The new facilities in Singapore will house dedicated R&D operations to advance the company’s proprietary computer vision and machine learning capabilities. This will ensure robots can operate 24/7 in challenging conditions including extreme weather, strong currents and low-visibility water.

With a global network now covering 61 strategic ports across Singapore and China, Neptune is scaling AI-driven hull maintenance to the heart of global trade. The company now services 70% of Asia’s primary shipping lanes, providing standardized, robotic hull cleaning at more than half of the world’s international merchant stops.

Since entering the Singapore market in 2024, Neptune has seen significant growth even as the local competitive landscape has thinned. By automating the hull cleaning process, Neptune eliminates the need for human divers in dangerous environments while ensuring vessels remain fuel efficient at sea.

Neptune will be exhibiting at Booth D19 during Singapore Maritime Week (SMW), April 20–24, 2026.

– ENDS –

About Neptune Robotics

Neptune Robotics is a technology company specializing in robotics-driven vessel cleaning and energy efficiency optimization.

Its robotic system can clean full draft capesize vessels within 24 hours, counter 4-knot currents, and operate day and night in both clear and murky waters. With coverage across 61 ports in Singapore and China — representing around 70% of major trade routes — Neptune supports shipowners at scale.

Neptune’s services are trusted by the world’s top five bulk carrier and container ship fleets. Its approach has earned endorsement from a leading silicone paint manufacturer for protecting hull coatings. Capable of cleaning all vessel types, Neptune helps clients cut fuel use, lower emissions, and advance their 2050 net-zero goals.

In September 2025, Neptune raised US$52 million in Series B funding led by Granite Asia to drive R&D, new robotic systems, and global expansion.

Company website: Neptune Robotics | ROV Underwater Hull Cleaning

[1] https://shipandbunker.com/news/emea/266832-imo-publishes-final-biofouling-report

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SOURCE Neptune Robotics

Technology

transcosmos organizes a well-digging volunteer project in Vietnam

Published

51 minutes ago

April 20, 2026

Aiming to address community-specific, long-term challenges through continuous efforts in environmental conservation, child support, and infrastructure support projects

TOKYO, April 20, 2026 /PRNewswire/ — transcosmos today announced that transcosmos technology Vietnam co., ltd. (Headquarters: Ho Chi Minh City, Vietnam; CEO: Daisuke Kamada; transcosmos Technologies Vietnam, TTV), its wholly owned subsidiary specializing in agile software development services in Vietnam, has organized a well-digging volunteer project in Kon Tu Ma Village, Mang Den, Kon Plong District, Quang Ngai Province, located in Vietnam’s Central Highlands.

In 2022, TTV initiated an employee-led TTV Volunteering Club to boost unity and foster social awareness among employees. Today, approximately 20 employees participate in volunteering activities, led by 10 club members, engaging in initiatives such as environmental conservation, child support, and infrastructure support projects.

This time, the project was carried out in Mang Den, a beautiful place known as “the second Da Lat.” Nestled amidst gently sloping mountains and abundant virgin forests, Mang Den is located on a tranquil plateau with a comfortable, cool climate throughout the year. Many ethnic minority groups sustain themselves mainly through agriculture; however, they face various challenges related to their living environment, medical care, and education. Children living in remote mountainous areas, in particular, face severe conditions.

In Mang Den, TTV has been carrying out volunteering activities for these children by providing meals and clothing, as well as recreational events and interaction programs. To further deepen these initiatives, TTV has dug a well to provide clean water to Kon Tu Ma Village and has also provided food and daily necessities.

With the Village Mayor, A Reo, and Mr. Hia, who is in charge of public safety, in attendance, TTV handed over the completed well at the grand opening ceremony. At the ceremony, Mayor A Reo commented, “This will not only help improve daily life, but also provide a secure environment even during dry seasons. We appreciate TTV’s support and thank you for your continued assistance.”

With the aim of establishing safe and sustainable water supply systems, TTV will continue to consider possibilities for supporting the development of water storage facilities and water purification systems. Guided by the belief that helping communities address community-specific, long-term challenges—going beyond temporary support—is the ideal approach, TTV is committed to continuing its volunteering activities.

*transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.

*Other company names and product or service names used here are trademarks or registered trademarks of respective companies.

About transcosmos inc.

transcosmos launched its operations in 1966. Since then, we have united superior “people” with cutting-edge “technology” to enhance the competitive strength of our clients by providing them with superior and valuable services. transcosmos currently offers services that support clients’ business processes, focusing on both sales expansion and cost optimization through our 186 bases across 36 countries/regions with a focus on Asia, while continuously pursuing Operational Excellence. Furthermore, following the expansion of the e-commerce market on a global scale, transcosmos provides comprehensive One-Stop Global E-Commerce Services to deliver our clients’ excellent products and services to consumers in 46 countries/regions around the globe. transcosmos is committed to treating the challenges of its clients and society as its own—discussing and addressing their issues from planning to execution—and Make It Real, Together. Visit us here https://www.trans-cosmos.co.jp/english/

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SOURCE transcosmos inc.

Technology

Agoda Launches brand new ‘What a Save!’ campaign in India

Published

51 minutes ago

April 20, 2026

NEW DELHI, April 20, 2026 /PRNewswire/ — Digital travel platform Agoda is ready to save the day and travelers’ wallets with its fresh “What a Save!” campaign. This lighthearted set of digital ads, including three unique videos, blends humor with creativity to highlight real savings of up to 50% off on domestic hotel bookings.

In the campaign’s videos, viewers are treated to unexpected acts of heroism. One shows a beachgoer rescuing a dolphin washed ashore, with the crowd exclaiming “What a save!” only for the hero to cheekily add, “Actual savings happen on Agoda.” Another video features a girl performing the Heimlich maneuver on a choking peacock, with a grateful mom echoing the same sentiment about Agoda’s savings.

Gaurav Malik, Country Director India at Agoda, shared, “With the new ‘What a Save!’ campaign, we’re blending humor with genuine value. Agoda aims to make travel planning as enjoyable as the journey itself. Wherever travelers venture, booking with Agoda ensures they’ll be amazed and exclaim, ‘What a Save!’.”

In addition to the videos, Agoda is rolling out digital creatives and teaming up with popular creators like Aparshakti Khurana, Raghu and Rajiv of Roadies fame, and Gajraj Rao. This dynamic content lineup is set to engage audiences and highlight Agoda’s knack for great deals and a delightful booking experience.

Agoda’s “What a Save!” campaign is now live on Meta platforms, YouTube and other digital channels. It showcases the platform’s vast offerings, including over 6 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all of which can be combined in a single booking. Travelers can explore these offerings and find the best deals on Agoda’s mobile app. For more information, visit Agoda.com or download the Agoda mobile app.

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Logo – https://mma.prnewswire.com/media/2567836/Agoda.jpg

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