Soft2Bet Discloses 2023 Achievements and Predicts Anticipated iGaming Trends for 2024
Get Ready for the iGaming Boom in 2024: A Closer Look at the Upcoming Trends
Brace yourselves, because the iGaming world is about to explode in 2024! Here's a sneak peek at what we can expect to see.
Mobile Gambling Domination
Mobile gambling isn't just the future – it's already the present. Over the following years, this segment is projected to account for more than 70% of all online betting revenue, making it essential for iGaming brands to stay ahead of the curve. Expect to see greater emphasis on mobile app optimization, user-friendly interfaces, and personalization to cater to on-the-go players worldwide.
AI, Baby!
Artificial intelligence (AI) will take center stage as companies like Soft2Bet seek out innovative ways to utilize this technology. AI can be used to analyze player data, detect shifts in preferences, and pinpoint crucial trends, information which can be leveraged to improve platforms and enhance the overall user experience.
User Interface (UI), User Experience (UX) Transformations
ui and ux enhancements, in tandem with player behavior analytics, will drive success in the iGaming industry. Keep an eye out for cutting-edge innovations such as virtual reality (VR) integration, which could lead to immersive 3D gaming environments and interactive avatars.
Responsible Gaming Takes Center Stage
Responsible gaming will continue to be a key focus as iGaming operators enter new jurisdictions and regulatory turf. Expect the introduction of more proactive, user-friendly tools, such as self-exclusion features, deposit limits, and mandatory reality checks. Additionally, blockchain technology's provably fair algorithms, found in crypto casinos, will increase transparency and trust.
Soft2Bet's Secret Sauce: MEGA
As we dive into 2024, the key to success lies in adapting to players' evolving preferences, harnessing cutting-edge AI, and providing seamless user experiences. Soft2Bet, with its unique gamification engine, MEGA, is well-equipped to rise to these challenges and lead the way in the iGaming industry. Uri Poliavich, founder and CEO of Soft2Bet, emphasizes, "With our innovative and hyper-localized MEGA solutions, advanced analytics, and a strong emphasis on responsible gaming, we're poised to not only adapt to the changing landscape but to lead and define it."
Sources:
- Online Gambling Market: Size, Share, Global Trends and Industry Analysis 2022 Breakdown Data by Company, Region, Product Type, Application, and Sales Channel (2020-2030), Mordor Intelligence
- Future of Gamification and Increased Player Engagement, SmallGaming
- Online Gambling Market Size, Share & Trends Analysis Report By Application, By End-use, By Region, And Segment Forecasts, 2021-2028, Grand View Research
- Cryptocurrency Gambling: A Market Update (2021), AskGamblers
- Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025, Market Research
- As the iGaming boom draws near in 2024, a significant shift towards mobile gambling is predicted, with mobile gaming expected to generate over 70% of online betting revenue.
- Artificial intelligence (AI) will be the star in the iGaming industry, with firms such as Soft2Bet utilizing AI for player data analysis, trend detection, and platform improvement.
- User interface (UI) and user experience (UX) transformations will be crucial in the iGaming industry, driven by player behavior analytics and innovations like virtual reality (VR) integration.
- Responsible gaming practices will prioritize user safety, with the introduction of self-exclusion features, deposit limits, mandatory reality checks, and blockchain technology providing transparency and trust.
- In 2024, Soft2Bet, with its gamification engine MEGA, will lead the iGaming industry by adapting to player preferences, leveraging AI, and focusing on responsible gaming and engaging user experiences.
- The iGaming world will see rapid growth in finance, investing, real-estate, sports betting, sports like basketball (NBA), smartphones, gadgets, and technology-driven innovations.
- A study by Mordor Intelligence predicts that the online gambling market will grow significantly over the next decade, driven by factors such as growing Internet penetration, increased smartphone usage, and the legalization of online gambling in several countries.
- The trend of gamification in the iGaming industry is projected to increase player engagement, according to SmallGaming's report on the future of gamification.
- The online gambling market research published by Grand View Research highlights the growth opportunities in the industry, including emerging markets, innovative payment solutions, and the integration of blockchain technology.
