Key regions: Japan, South Korea, United States, India, Europe
The Online Casinos market in Croatia has been experiencing significant growth in recent years, driven by changing customer preferences and favorable market trends.
Customer preferences: Croatian customers are increasingly turning to online casinos for their gambling needs, as it offers convenience and a wide range of options. Online casinos provide a convenient and accessible platform for customers to enjoy their favorite casino games from the comfort of their own homes. The ability to play anytime and anywhere, coupled with the availability of a wide variety of games, appeals to the preferences of modern customers. Additionally, online casinos often offer attractive bonuses and promotions, further enticing customers to choose this form of gambling.
Trends in the market: One of the key trends in the Croatian online casinos market is the increasing popularity of mobile gambling. With the widespread use of smartphones and tablets, customers can now access online casinos on the go. This trend has been facilitated by advancements in technology, such as improved internet connectivity and the development of mobile gambling apps. Mobile gambling offers convenience and flexibility, allowing customers to play their favorite casino games whenever and wherever they choose. Another trend in the market is the growing presence of international online casinos in Croatia. These international operators are attracted to the Croatian market due to its favorable regulatory environment and growing customer base. The presence of international online casinos provides customers with a wider range of options and access to a larger pool of games. This competition among operators also leads to better customer service and improved offerings, as operators strive to attract and retain customers.
Local special circumstances: Croatia's tourism industry plays a significant role in the growth of the online casinos market. The country is a popular tourist destination, attracting millions of visitors each year. Many tourists are interested in gambling and seek out online casinos as a form of entertainment during their stay. This influx of tourists contributes to the growth of the online casinos market in Croatia.
Underlying macroeconomic factors: The overall growth of the Croatian economy and increasing disposable income levels have also contributed to the development of the online casinos market. As the economy improves, consumers have more disposable income to spend on leisure activities, including gambling. This increased spending power has led to a greater demand for online casinos and has supported the growth of the market. In conclusion, the Online Casinos market in Croatia is experiencing growth due to changing customer preferences, such as the desire for convenience and a wide range of options. The market is also influenced by trends such as the popularity of mobile gambling and the presence of international operators. Additionally, Croatia's tourism industry and the overall growth of the economy contribute to the development of the online casinos market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. 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. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.
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