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.Modeling approach:
Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.
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