Research Firm Claims Online Gambling Growing Quickly

An Indian gaming consulting and research firm has released a stud that claims the internet gambling industry is one of the fastest growing internet industries, and that rate is growing at a substantial rate.

The report was filed by Aruvian Research and is named "Michael Porter's Five Forces Analysis". The report claims that the online gambling industry was worth $30 billion in 2011 and is growing at a rate of 2.5% annually.

Aruvian says that number is likely to keep growing over the next five years as more nations come online with betting regulation of their own. Futhermore, the Aruvian study looks into industry segmentation, statistics, a value analysis, and future forecasts, and bargaining power of buyers in making its future predictions.

Europe is the trendsetter when it comes to the online gambling industry. Last year operators in the segmented continent recorded a 45% increase in total online gambling yield.