The technology leaders, including Apple, Amazon, Google, and Microsoft, have been overpowering the tech space for many years. They have controlled the digital world exclusively, and the domination has remained unaffected despite the coronavirus pandemic. In fact, their monopoly has further increased as more and more people depend on technology for running their businesses and generating income.
According to Slot Vegas, Of the entire tech industry, two particular sectors have carved a niche of their own and are ruling the tech space. These sectors include the gambling sector and the FinTech industry. The combined revenue of these two sectors has exceeded the total revenue of the four Big Tech companies. Moreover, based on research, the sales and revenue of gambling and Fintech companies have grown exponentially in recent times, with strong future potential.
The revenue comparison of these two sectors with the four Big Tech giants has further demonstrated their growth. Interestingly, the upward trend has remained unfazed even during the global coronavirus crisis.
According to the analysts, the gambling industry is growing at a compound annual growth rate of 5.6% and is expected to reach $647.9 billion by 2027 compared to $443.2 billion in 2020. Similarly, the FinTech industry is also estimated to grow at a CAGR of 22.17% and grow from $290 billion in revenue in 2020 to $305 billion by 2025.