South Africa’s iGaming industry is extremely important to the country’s economy. According to previous forecasts, it was predicted to be worth US$322.30m by 2024 and will continue to grow for years to come. The annual compound growth rate (CAGR) has been estimated to be 6.01% between 2024 and 2028.
Online casinos will have to continue attracting players and improving their offers to reach ambitious projected growth rates though. So, many will compete to be amongst the best online casinos in South Africa, and in a highly competitive industry iGaming is, it will not be a goal to achieve.
In the following paragraphs, you can check what technologies are aiding gambling operators in their efforts.
Technology Helping The Industry Thrive
It is no secret that technological advancements have been key in helping the industry thrive as gamers continue to look for some of the best experiences they have ever had. Technologies have allowed titles to become more immersive and interactive, thus boosting the engagement and participation levels that are being experienced.
In 2024, it is possible to think the technology available today is already of a high standard. But with player demands continually increasing, new technologies are continually being developed. Here are three trending technologies that will likely impact South African casinos in the future…
1. Mobile Technologies
Mobile wagering and gaming have been on an upward trend across SA over the last few years, with improvements in internet accessibility and speeds and an increased proliferation of smartphone devices nationwide. Casinos have recognized the popularity of these devices and continue to work hard in this area of their offerings.
They look to enable secure gaming sessions and friendly UX features for those who want to use their smartphone by using the latest available technological developments. Players want maximum security and mobile technologies have allowed developers to implement these easily and without compromising the UX offered.
2. Expansion of Crypto Casinos
Cryptocurrency has become a popular payment method for casino players, and this has been evident in South Africa as a number of options have been made available. In 2022, it was estimated that almost 10% of the country were crypto holders, with it being one of the main countries across the continent to have embraced virtual currency.
Casino players who understand the benefits crypto can provide have combined them with their passion for online wagering, as they have been able to enhance their security and obtain the quickest transaction speeds. We should expect to see an expansion of crypto casinos and the technologies that surround them across SA in the near future due to their popularity.
3. Virtual Reality
It is a technology that has been spoken about for ages and has continued to promise revolutionary change to the iGaming industry. Still, we are yet to see virtual reality reach its full potential. However, it should only be a matter of time before change is experienced. The technology behind VR is continually improving, and with gamer demands continually high, casinos will feel they have no option but to implement the tech when it is finally widely available.
Conclusion
Technology has a huge influence on the iGaming industry, with many advancements to have been revolutionary in the past. However, as we know, tech does not stop as it continues to develop and progress, and the online casino sector continues to move along with it. It will be interesting to see what trends are observed next, but with player demands and preferences usually at the forefront, it would not be a shock to see these three happen in SA next.
