Emerging markets offer great potential for expansion. While they possess great promise, emerging economies also contain higher risks than more developed economies.
What constitutes an emerging market can vary, but common criteria include rising per capita income, greater integration into global marketplace, and stronger financial systems.
Asia-Pacific
Asia-Pacific region features emerging markets with significant potential for economic expansion, which are mainly driven by its vast population and expanding middle class. Furthermore, it’s home to various countries and territories at different stages of development.
These countries and territories are currently engaged in modernization efforts of various kinds to boost civic achievements. While some are more advanced than others, all possess tremendous growth potential.
Emerging markets don’t fit neatly into any one category; however, their economies often share certain commonalities. These may include fast economic growth, expanding consumer markets, and abundant low-cost labor resources. Many emerging market countries appear poised for global prominence while this transition may appear sudden from outside perspectives.
North America
Casino gaming market growth is being propelled by several factors, including legalization and increasing disposable income. Furthermore, advanced technologies like virtual and augmented reality are proliferating across the industry, while touch screens and mobile-compatible slot machines continue to gain in popularity as do online gambling platforms, cryptocurrency games and skill-based games that attract a new demographic.
Emerging economies, known for their fast growth rates and rapidly expanding consumer markets, often present complex social, economic, and financial systemic risks that hamper development. At the same time, however, emerging economies often boast global leadership potential in industrialization, urbanization and technological advancement.
Though there is no official definition of an emerging market, economists generally accept certain criteria that define one, such as higher income levels than low-income countries, the ability to export diverse goods and services, and progress towards economic integration with other members of the international community. According to this approach, 23 countries currently qualify as emerging markets: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt India Indonesia Korea Mexico Russia South Africa Turkey Taiwan
Europe
Emerging markets may appear simple enough; economies in transition, with fast-growing economies that require industrialization and modernization processes; however, companies need to understand how to identify institutional voids when exploring these markets.
Though there is no single definition for emerging markets, most agree they differ from high income countries by having more reliable political, economic, financial and judicial systems with well-established institutions and enjoying faster rates of development than low income counterparts with strong and sustained economic growth.
Comprehensive analyses of casino markets in each individual country can yield important insights and forecasts for their future development, such as market size, category growth rates, competition analysis, regional trends and other important data points. Such analysis helps companies recognize new opportunities while creating effective business strategies.
Middle East & Africa
The global casino market is driven by customers with growing spending power, particularly those living in Asia-Pacific and North America. Furthermore, online gambling and sports betting could further bolster this sector of the economy.
Emerging markets are usually defined in geographic terms; examples include Brazil, Russia, India, China and South Africa (BRICS) countries or BRICET (BRIC + Turkey) nations as well as MINT (India, Indonesia, Mexico and Turkey). But what exactly defines an economy as emerging?
Emerging economies have never been more important in an interdependent global society. As COVID-19 pandemic recovery progresses at differing speeds worldwide, emerging economies must learn how to remain resilient – something which will not only benefit themselves but also the global economy. In this series we use economic methods to explore their promises and realities.
