In today’s digital world iGaming is known as a very unique and innovative industry for online gamers. And over the last few years, the iGaming industry has shown significant growth. This is often known as the rich industry and is different from traditional gaming. iGaming includes six different online game segments (1) Online sports betting (2) Online poker (3) Online casino (4) Online lottery (5) others. These are the great segment of working for entrepreneurs. Malta, the UK, and Gibraltar, these countries are well known for their online igaming operation.
As per sources, the online igaming market expectedly grows at 11.5% CAGR between 2021 and 2027 to reach $127 billion by 2027. The Esports Industry in us will grow ~50% CAGR between 2020 and 2025 to reach $15 billion by 2025.
To know how to choose the best iGaming platform provider in 2021, first of all, you really need to understand what is iGaming and its massive growth in the market.
How to Define iGaming?
iGaming is playing on the outcome of a game on an online platform. This term is closely related to online poker and online casino and now extended to online sports betting cryptocurrency, and fantasy sports. All the games which involve betting come under iGaming. You have to remember betting and gaming are two different words. iGaming included different kinds of platform providers and various businesses.
iGaming Growth and Future
Although iGaming gives the opportunity to enter easily and be a successful entrepreneur. This industry is not restricted to any area of the world and is basically popular in Malta. But it follows the rules and regulations heavily. This Industry is growing incredibly and most of the investors are replacing traditional gaming with igaming.
[Source] By the end of 2016, the iGaming industry was worth approximately US$41.78 billion, and that’s set to grow twofold to about US$100 billion by 2024.
These days Artificial Intelligence, Virtual Reality, Cryptocurrencies, and the Internet of Things are also contributing to the iGaming Industry and impact impressively. Experts are using new technology to make it more attractive. They are providing a convenient and easy platform for experiencing better gaming. Technical gaming improves the user experience and accessibility.
Being a job seeker you can also choose the career option in this Industry. Career progress is so wide because most bigger companies have their offices in different countries such as the UK, Estonia, Malta, etc. Those who are seeking a career opportunity can start their journey in the iGaming Industry.
5 ways to Choose the best iGaming Platform Provider in 2021
There are various iGaming platforms in the market such as Virgin games, 888, Bet365, Betvictor, etc. If you are thinking of trying your hand in iGaming then you need to consider factors while choosing the best iGaming platform in 2021. Here we mentioned the different ways.
Decide your Goal
To approach the best iGaming platform provider you have to make sure about your goal or aim. First of all, you need to prepare your requirements and necessities, mainly what you want in the iGaming Platform. Your clear view will decide what kind of igaming platform you want and how to deal with it. An appropriate vision of business strategy will help you to choose the best iGaming Platform provider.
If you really make the notes of your strategy then it will be easy to choose the platform provider. Decide your aim straight and make it clear to the provider easily with a to-do list.
Check the Market Value of iGaming Platform Provider
Before selecting the iGaming platform provider, you must check the reviews and market reputation of the company. When you want long-term commitment, brand value and market value matter a lot. Sometimes reviews can be fake but you can check excellence and rating. Pay attention to all the updates on a regular basis and competitiveness. You can also update your checklist of requirements according to the market analysis.
Offered Gaming Types
You need to land on that page of the platform where you can find a list of games such as Blackjack, Baccarat, Roulette, Slot Game, Andar Bahar, Bingo, etc. When you have the option of various games from providers then there will be a chance of successful business. Somewhere customized games are also provided on various devices especially on any mobile.
All you need is to pick an iGaming software provider which ensures to give you ultimate flexibility and convenience. Excellent gaming comes with time. Therefore, spend some time knowing the wireframe of the platform and can also try luck in the different games.
Payment Methods
Payment method is another important factor to be considered while choosing the best iGaming Platform provider. Business people always make sure which payment method and currency type online platform is going to be used. The payment method must be trustable and comfortable for all users. It is necessary to give the seamless payment mode which has wide varieties.
The iGaming platform should consist of a variety of deposit and withdrawal options. Users always want to do the payment without any hustle and confirmed security features. Whatever payment method will be used it has to be safe.
These days cryptocurrency (such as bitcoin) is ruling the online world because it is easy and moreover safe than the others. This is a great currency type for all the vendors and investors.
Customer Support
You have to choose a qualified and experienced igaming software provider. Customer Support service is another great option of consideration while choosing the best iGaming Platform provider in 2021. Customer/ Client relationships should be strong and they will have a positive impact on your business. Customer support is counted as a revenue generator for the iGaming industry.
Nowadays various platforms are providing multi-channel support tools such as Chatbot, AI, IVR, Voice bot, and social media.
Sum Up
Choosing the best service provider according to the above mentioned ways will be beneficial and easy for you. You can expand your global reach then you have to partner with the best iGaming Platform provider in 2021. Before approaching the igaming platform provider, look at all the aspects of the service provider. You should stop worrying about technical problems when you choose the best iGaming Platform provider like Encourage Infotech. Here, you will find the most trusted team to work with and the best solution for you.