Key regions: Brazil, Germany, Japan, Europe, South Korea
The Online Sports Betting market in Switzerland has been experiencing significant growth in recent years. Customer preferences have shifted towards online platforms, driven by convenience and accessibility. Additionally, the market has benefited from the increasing popularity of sports betting worldwide.
Customer preferences: In Switzerland, customers have shown a strong preference for online sports betting platforms. This can be attributed to several factors. Firstly, online platforms offer convenience, allowing customers to place bets from the comfort of their own homes or on the go. This eliminates the need to visit physical betting shops, saving time and effort. Secondly, online platforms provide a wider range of betting options, including live betting and a variety of sports. This appeals to customers who are looking for more diverse and interactive experiences. Lastly, online platforms often offer attractive bonuses and promotions, incentivizing customers to choose them over traditional betting methods.
Trends in the market: The Online Sports Betting market in Switzerland has seen a significant increase in the number of online operators. This can be attributed to the growing popularity of sports betting worldwide. The market has become more competitive, with operators vying for customers by offering competitive odds, innovative features, and attractive promotions. In addition, the market has witnessed a shift towards mobile betting, as more customers prefer to place bets using their smartphones or tablets. This trend is expected to continue as mobile technology continues to advance and become more accessible.
Local special circumstances: Switzerland has a unique regulatory landscape that has influenced the development of the Online Sports Betting market. The country has a federal system, with each canton having the authority to regulate gambling within its borders. This has led to a fragmented market, with different regulations and licensing requirements in each canton. However, recent changes in legislation have aimed to harmonize the market and provide a more unified regulatory framework. This has attracted more operators to enter the market and has increased competition among existing operators.
Underlying macroeconomic factors: The growth of the Online Sports Betting market in Switzerland can be attributed to several underlying macroeconomic factors. Firstly, the country has a high level of internet penetration and a tech-savvy population, which has facilitated the adoption of online betting platforms. Secondly, Switzerland has a strong sports culture, with a high level of interest in sports and a tradition of sports betting. This has created a fertile ground for the growth of the online sports betting market. Lastly, the country has a stable and prosperous economy, which has contributed to the disposable income available for leisure activities such as sports betting.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
