Casino Games - Norway

Norway

The Casino Games market in Norway is expected to experience significant growth in the coming years.
According to projections, the total revenue in this market is estimated to reach US$6.20m in 2022.
Furthermore, it is anticipated that the market will continue to expand at a compound annual growth rate (CAGR) of 9.54% between 2022 and 2027.
This growth trajectory is expected to result in a market volume of US$10.66m by 2027.
When examining the revenue breakdown within the Casino Games market, it is projected that in-app purchases (IAP) will contribute significantly.
In 2022, the revenue from in-app purchases is forecasted to reach US$3.77m.
Additionally, paid app revenue is expected to generate US$0.12m , while advertising revenue is projected to amount to US$2.31m in the same year.
In terms of user engagement, the number of downloads in the Casino Games market is estimated to reach 1.40m downloads in 2022.
This indicates a strong interest in these types of games among Norwegian consumers.
Moreover, the average revenue per download is currently projected to be US$4.43.
When comparing the revenue generated in the Casino Games market internationally, it is worth noting that in the United States leads the way.
In 2022, in the United States is expected to generate a substantial revenue of US$3,358.00m.
This highlights the dominant position of the United States in the global Casino Games market.
In summary, the Casino Games market in Norway shows promising potential for growth in the coming years.
With increasing revenue and a strong user base, it is evident that Norwegian consumers have a significant interest in these types of games.

Key regions: Asia, United States, Europe, South Korea, India

Market

Region

Region comparison

Currency

Analyst Opinion

Since the start of Apple, Inc.'s App Store in 2008 with around 500 apps, mobile apps have come to dominate the digital economy and have quickly outpaced the demand for desktop applications. As of 2021, the Apple App Store and Google Play Store had more than 5 million apps combined. Because many apps from the West are not available in China, many new app stores have emerged there. Digital lifestyles around the world now depend on adopting mobile apps, especially when it comes to social networking. The games industry has also been thoroughly transformed by the app revolution and is demonstrated by the fact that the games category is the largest and highest-grossing app category.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. 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 are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

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 case market dynamics change.