Online gaming is one of the fastest growing sectors of the gambling industry. According to GamingClub Online Casino, new technologies are set to fuel the growth of the global gaming industry and online gaming is now one of the fastest growing sectors of the gambling industry and is accounting for approximately $30 billion of the estimated $1 trillion value of the global gambling market.

The online sector has been growing very fast in recent years, with a 42.5% rise since year 2008 according to H2 Gambling Capital. While the global gaming market is growing the online gaming sector is having a higher growth, at a rate of 38%. Advances in technology within the online sector are also set to drive growth within the mobile gaming sector. Online casino games have become available on tablets and also mobile phones.

Click the picture

JuniperResearch said that mobile gaming wagering will exceed $48 billion by year 2015. The report states: "The market for these services is potentially vast… It is now up to the service providers to seize the opportunity." The future looks very good for the global gaming industry.

Online gaming is still illegal in the US but the government attitudes towards online gambling have become more and more relaxed. Europe has been relaxing restrictions on online casino gaming. Now it has the availability of broadband access, 3G and 4G technology, coupled with mobile gaming platforms.

Click the picture

Using constant exchange rates the analysis demonstrates that the gross revenues for global eGaming sector increased by 3.4% to reach €24.6bn in 2011. Poker gross revenue's fall of 18.6% following Black Friday diluted sector growth but globally interactive gambling accounted for 8.6% of the total value of the global gambling industry in 2011.

There has been seen strong advances in land based markets, such as Macau and Singapore, and the introduction of new products coupled with the downside to the interactive market size as a result of Black Friday. Europe is the largest single share of the global interactive market with 44% of the value in 2011.

Click the picture