Market Analysis
Last updated
Last updated
The online gambling industry, now a dominant force in global entertainment, has seen consistent growth, characterized by a robust CAGR. This growth is underpinned by technological advancements, the ubiquity of internet access, and the appeal of convenience and innovative gaming experiences offered by online platforms.
Regulatory Hurdles: Varying and complex regulations across jurisdictions present operational challenges.
Transaction Inefficiencies: High costs and slow processing times of traditional payment methods, with up to 12% transaction costs and a majority still in FIAT, highlight significant inefficiencies.
Trust and Fairness Concerns: Issues of transparency and fairness have led to a waning trust in centralized platforms.
Cryptocurrencies address key industry challenges by offering transparency, faster and cost-effective transactions, and broader accessibility. This shift is increasingly preferred by younger demographics, signaling a change in user preferences and transaction methods.
Growth and Resilience: The industry's resilience, with positive growth since 2003 and an expected CAGR of over 10% from 2023 to 2032, indicates a fertile ground for innovation.
Market Segmentation: With sales distribution highlighting the popularity of casino and betting products, Tiga.Game has ample opportunity to innovate in these segments.
User Retention: Addressing the high churn rate of over 50% through enhanced user engagement such as providing passive income and opportunities for games with shared bankroll with friends and influencers will set Tiga.Game apart.
Leveraging the identified market opportunities, Tiga.Game aims to introduce cryptocurrency's benefits to reduce transaction inefficiencies, enhance trust and transparency, and foster a community-centric gambling ecosystem. The integration of digital currencies and a focus on user retention through innovative gaming experiences position Tiga.Game uniquely in the market to capture growth.
