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ToggleDo you know that the iGaming market is growing at a Compound Annual Growth Rate (CAGR) of 12%, with its initial value set at $75.41 Billion in 2021?
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ToggleYes, the numbers might sound mind-boggling, but they are true. The reports from Polaris Market Research confirm the above numbers and a steep rise in the industry in the forthcoming years.
The increasing numbers and forecast clearly showcase a business opportunity for budding entrepreneurs and iGaming enthusiasts willing to enter the market as operators and make a business.
But what is the right time to enter the market? How soon I enter the market? How long will it take to make the business profitable? What is the right path? N number of questions and no scope of finding correct answers. Let us just take you through it all today and find answers for you to make up your mind.
Entering the online casino market in the current day and age is the easiest. The market has solutions to help you quickly launch your software and mark your entry. Let us understand the variety.
Turnkey online casino software is a fully packaged online casino solution that allows you to set up your own virtual casino instantly. Player Account Management Software, an array of Online Casino Games, Payment Gateways, odds & feeds are all integrated into a turnkey casino software. As an operator, you simply have to pick a template, get your branding adjusted, make UX changes, and integrate your choice of payment wallets to get the software live.
Simply put, this solution of online casino development which is an online casino turnkey solution offers you a developed platform in advance and saves you from the hassle of developing casino software from scratch.
Time-to-Market-15 Days
Customization Possibility- Easily customize branding, UX, Games, and Integrations
Just like turnkey, white-label online casino solutions are pre-built online casino solutions made for budding entrepreneurs to quickly enter the market with lower investments. Again, it comes packaged with all the necessary integrations to quickly market the online casino. But, the catch here is that with a white-label solution, the scope of customization is negligible. Budding operators can simply choose between the templates, get their brand logo added, and move it to live.
It is a convenient solution for operators who want to try their hands in the world of online iGaming and make a business out with minimum funds invested. White-label casino solutions are quicker to market because of their minimum customization and developmental costs.
Time-to-Market-7 Days
Customization Possibility- Negligible
A custom online casino software is a bespoke solution created to cater to your specific online iGaming business needs. Provided by developers, it caters to the operators’ specific personalization needs and preferences. It includes a unique design, branding, a wide selection of games to pick from, integration with third-party tools, multiple payment gateways for fiat and cryptocurrencies, CRM, CMS, and other tools for comprehensive reporting. This solution helps operators set themselves apart from others in the market, offer a unique iGaming experience, and maintain full control over the platform.
Time-to-Market-minimum 3 months
Customization Possibility- Fully bespoke solution
Above mentioned are the three types of solutions available in the market for getting online casino software developed. While each of these three fit best, fulfilling their roles with each business’s needs. Turnkey online casino solutions, however, have taken a prominent role in standing at the middle ground for operators to build and market their online casinos in under 15 days, with low-cost involvement, ease of customization, and pre-packaged premium solutions.
Read Blog – How to Start Land-Based Casinos? Helpful Tips
Let us understand in detail how turnkey casino solutions are the most acceptable option for operators.
When going in for turnkey casino software to set up your iGaming platform, your scope of customization is wider as compared to white-label solutions. Starting from the logo to front-end and third-party integrations, turnkey casino solution gives the scope of maximum customization in pre-built software. You can choose between games, colors, placement, and back-office customization as per your business needs.
Your business can take up to several months to take off when building the software from scratch. But, an online casino turnkey solution is fairly quicker to launch. In an estimate, you can launch your online casino turnkey software in a matter of 15 days. It saves you time and effort when you outsource development to a team of expert software developers. As this team is fully equipped with designers, developers, and experts who have built the software, keeping in mind the current market needs.
Imagine hiring a designer, a team of developers, initial infrastructure, and a team to oversee compliances. Collectively, it costs you so much to easily give you second thoughts of leaving the idea in the middle. But wait, technology has developed already. With solutions such as turnkey online casino software, where you get a pre-built casino solution at a fraction of the cost, it has become easier to pursue your dream of becoming an iGaming operator. The most turnkey online casino software can be acquired between hundred to thousand dollars.
The best part about opting for turnkey casino software is that you do not need to worry about hackers attacking and malicious activities putting your software at risk. Because ready-made casino platforms, a.k.a turnkey online casino solutions, come with an efficient back office, commonly known as Player Account Management (PAM) software. PAM integrates security tools like KYC and AML to safeguard players’ information and keep data secure for the operators.
The turnkey casino software solution offered by PieGaming ensures that operators have immediate access to assistance for any technical support during hiccups. It helps them effectively run their platform with zero downtime.
Read Blog – 7 Things That Make A Good Online Casino
In a nutshell, opting for turnkey online casino software is packaged with numerous advantages for anyone wanting to enter the online iGaming industry. Its primary benefits include reduced time to market, as the solution comes pre-developed and ready for immediate deployment, cost-effectiveness, and expertise. Further, the turnkey casino software offers an integrated and comprehensive system to encompass a wide range of online casino games, third-party integrations, and security measures for a seamless player experience.
Moreover, the turnkey online casino solution from PieGaming brings flexibility and scalability to make it convenient for operators to expand their offerings and scale with time. It lets operators benefit from the expertise of experienced developers and reduces overall efforts in launching the online casino in the market.
Nikitaa Ajmani is a passionate writer at PieGaming, specializing in exploring the dynamic world of iGaming. With a keen interest and 5+ years of experience in technology and gaming, Nikitaa offers insightful analysis and information about the industry. Dive into the world of iGaming with Nikitaa to uncover the latest trends and innovations in the industry of online gaming.
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