- 359 Mobile targets mobile gaming for the first release in its joint business agreement with DevLex; it focuses on providing predictive analytics for the sport of cricket, which is second only to soccer in global popularity
- Mobile gaming market forecast to surpass $1 trillion by 2022; industry analysts predict that mobile offerings will take a “disproportionate slice” in countries with high smartphone penetration
Consorteum Holdings, Inc. (OTC: CSRH) subsidiary 359 Mobile, Inc. is optimistic about the future of its Universal Mobile Interface™ (UMI) platform as smartphone penetration grows globally. Newzoo research finds that mobile device penetration in 2018 is highest in China, India, the U.S., Brazil and Russia (http://ibn.fm/jizHn).
CSRH is targeting sports gambling for its first release as part of its joint business agreement with DevLex. It combines its UMI with DevLex’ Predictive Analysis Platform and focuses on the sport of cricket, which is second only to soccer in worldwide popularity with an estimated 2.5 billion fans, according to Topend Sports (http://ibn.fm/nt3Aa). The cutting edge Edgelytics platform analyzes a massive historical database encompassing player as well as team statistics, which users can query and run tailored analytics on to help facilitate a more informed basis for wagering on particular cricket outcomes.
CSRH offers complex mobile solutions and mobile payment solutions through a mix of license agreements, strategic partnerships and joint venture revenue sharing arrangements. Its 359 Mobile subsidiary acts as a technology and services aggregator, meeting the diverse needs of clients.
Juniper Research projects that the online gaming market will reach $1 trillion by 2022 (http://ibn.fm/XGJui). “There are already strong signs that mobile offerings will take a disproportionate slice of the online gambling market in countries with a high penetration of smartphones,” states 359 Mobile’s website (http://ibn.fm/NtOxP). Research in Zenith’s Mobile Advertising Forecasts 2017 finds that, in 2018, smartphone ownership will grow to 66 percent of individuals, up from 63 percent the prior year (http://ibn.fm/LS2tr).
Juniper Research also predicts that the number of online gamblers will almost double to 684 million by 2022. CSRH believes that the growth in ownership of smartphones bodes well for its UMI mobile platform. Statista research projects that global smartphone users will exceed five billion by 2019 (http://ibn.fm/pKxWE).
For more information, visit the company’s website at www.Consorteum.com
