- 9月 12, 2022
If you want to enter the online gambling market, the most crucial and practical decision nowadays is choosing a White Label Gambling firm. The perception of the online firm is typically the primary focus of the Chinese online gambling market, but in recent years, as a result of the Chinese government's intense pressure on the online gambling market, this has changed. Southeast Asian markets are starting to get the attention of online gamblers as they provide more promise. The Southeast Asian online gambling market is currently experiencing rapid economic growth, a high rate of network expansion, and a big population and user base. As a result, Various white label operators have launched the Southeast Asian white label in order to seize the opportunity to enter the Southeast Asian online Gambling market.
We think that a lot of people are still unaware of the Southeast Asian online gambling industry, and do not even know which nations are considered to be in the so-called Southeast Asia. For those who are used to managing China's online gambling sector, there are significant contrasts between the two due to the social culture, user behaviors, and language use in Southeast Asia. What has allowed Southeast Asia white label gambling to grow so quickly in recent years? What accounts for the thriving online gambling industry in Southeast Asia? Allow TCG White Label Gambling network to guide you as you learn about the Southeast Asian online gambling industry and the factors that have contributed to the growth of the region's white label gambling.
- Huge Population in Southeast Asia: The enormous population of Southeast Asia has reached around 700 million people, and 63.8% of those who are working are between the ages of 15 and 59. This figure is greater than the average for Asia, which is 7.0, and significantly higher than the average for East Asia, which is 5.0. According to certain study projections, roughly 64 percent of Southeast Asia's population will be under the age of 40 in 2020, indicating that the region's population structure will continue to favor younger people. Southeast Asia is in the window of the demographic dividend, and the burden of young people supporting the elderly is lessened. Southeast Asia's urbanization rate has been increasing in recent years; it will pass the 50% threshold for the first time in 2020. Additionally, the region has added an average of 7 million urban residents annually, which is a rare opportunity in Asia and possibly the entire world.
- Rapid economic growth in Southeast Asia: In recent years, the economies of Southeast Asian nations have been a significant highlight of global economic development. This is due in large part to the region's massive labor force demographics. In comparison to the global economic growth rates, the GDPs of Vietnam, Thailand, Indonesia, Cambodia, and the Philippines as of 2019 totaled $2.6 trillion. It is clear that the economies of Vietnam, Thailand, Indonesia, Cambodia, and the Philippines are growing in significance.
- Demand on the network and user growth: Due to the recent rapid development of mobile networks, there were 360 million Internet users in Southeast Asia in 2019, an increase of about 40% over 2015. Vietnamese, Thai, Philippines, Indonesian, and Malaysian internet users spent an average of more than 4 hours per day on the mobile Internet, ranking them among the top users in the world. The growth of mobile networks has also significantly increased revenue in Southeast Asia's online gambling industry. According to estimates, Southeast Asia's online gambling sector would develop at a rate of more than 30% in 2020, with an estimated $5 billion in sales.
We can understand why Vietnam, Thailand, Indonesia, Cambodia, and other nations can rise so quickly based on the most fundamental demographic, economic, network penetration, and user surge data. There are several considerations that you just must overlook if you want to enter the Southeast Asian online gambling market or select the Southeast Asian white label gambling.
Online players in Vietnam, Thailand, Indonesia, Cambodia, and other nations primarily speak native languages like Vietnamese, Thai, Indonesian, or English rather than Chinese. It will be challenging to draw these Southeast Asian online gambling players if the Southeast Asian white label gambling does not offer a language that is familiar to the local users.