One day, technology may be seamlessly integrated into our brains and neural networks, and we’ll be able to access the internet without any devices. Digital elements will exist in our worlds in this magical future. That’s a long way off, but wearable technology could be the stepping stone.
The online gambling industry has famously adapted to major tech updates, and it was a huge contributor to the rise of smartphones. Perhaps it could have the same effect on the wearables market, helping it to boom over the next decade.
Wearables on the Rise in Everyday Life
Wearable technology has had a gradual rise over the last decade, but there hasn’t yet been a notable boom like there was with smartphones. It is expected to increase massively over the next few years, though, with projections suggesting the overall market will grow at a CAGR of 14.6 percent until 2030.
For this to happen, wearables will need major industries to get on board and integrate their services. Until recently, smartwatches had been the main devices in the wearables market, but now VR and AR headsets are also sold under that banner. That could be a huge factor in this projected spike throughout the rest of the decade.
Wearables Could Mirror Smartphone Market
It’s hard to imagine this now with the smartphone industry booming and around 90 percent of the world’s population owning one, but the industry began extremely slowly. In the early days of the iPhone, for example, sales were minuscule in comparison to now. In 2007, Apple shipped 1.39 million units and by 2011 that figure had risen to 72.3 million. Things really started to boom in 2015, when the company started posting sales of over 200 million each year.
The smartphone market and the online casino market were highly correlated and the revenue of both industries increased in tandem throughout the 2010s, suggesting that there was a connection between the two industries. Online casino studios began to develop content primarily targeting the mobile market in the late 2010s and, as a result, nowadays most online casino players and bettors now access betting sites from their mobile devices rather than desktops. This is thanks to the convenience it offers – they can quickly find odds on everything from horse racing to soccer, and even stake on in-play events.
As the online casino UK market soared thanks to smartphones, and now the main sites are optimized for play on these devices, now there’s speculation over whether they will do the same for wearables. This untapped market could bring about new ways for people to bet and play games, so it’s one that developers will most likely seek to conquer.
Wearable technology could well be the next frontier for online gambling, with the market expected to grow dramatically over the next decade. Indeed, online betting and casinos could have the same impact on this market as they had on smartphones.
