Sports Betting
Harnessing the Power of Diaspora: Exploring the Potential of Untapped Regions
Explore the potential of Africa's untapped regions for iGaming expansion. Norman Ondego, Lead Consultant at Solpro Consulting, shares insights on strategic market entry, local partnerships, and leveraging mobile technology to unlock opportunities in emerging regions.
As Africa's digital landscape continues to evolve, the iGaming sector stands at the forefront of this transformation, poised to tap into the continent's untapped regions.
However, navigating this complex terrain requires a keen understanding of local markets, strategic partnerships, and adaptable technological solutions. Norman Ondego, Lead Consultant at Solpro Consulting and Business Development and Partnership Manager at Convex Technologies, shares his expertise on how to successfully expand iGaming into these emerging regions.
Identifying Untapped Regions: A Strategic Approach
For Norman Ondego, the journey of identifying untapped regions with potential for iGaming expansion begins with a clear understanding of the strategic direction and market demand. "Is there a demand for the service or product? Or is it a case of demand meeting a solution or a solution creating the demand?" he asks. This foundational question helps determine the viability of entering a new market.
Beyond demand, Norman emphasizes the importance of evaluating the supporting ecosystem. "In the iGaming industry, key factors to consider include payment infrastructure, connectivity, and regulatory frameworks. These elements will ultimately dictate the type of solution you offer," he explains. Additionally, factors such as culture, stability, economic empowerment, accessibility, saturation, and competitive landscape play crucial roles in the decision-making process.
Digital Transformation in Regions with Limited ICT Infrastructure
Digital transformation in regions with limited ICT infrastructure presents both challenges and opportunities. Norman's approach varies depending on the market entry strategy. "If you're a new player, you have the advantage of trying something new and potentially gaining a first-mover advantage," he says. This approach allows for the introduction of solutions that are both easy to use and affordable, providing flexibility to adapt as the market evolves.
For established players entering as alternatives, Norman acknowledges the resistance to change that often accompanies new solutions.
Your solution must not represent a significant shift from what users are accustomed to. Instead, it should gradually wean them away through convenience, efficiency, and where possible, competitive pricing.
Norman Ondego
The Role of Local Partnerships
Local partnerships are critical when entering new and untapped regions. "Local players hold the key currency of trust and time, which are invaluable to new entrants," Norman asserts. These partnerships help navigate the cultural and regulatory nuances of the market, providing insights that desktop research cannot reveal. "Local partners understand market dynamics, payment preferences, and user behaviors, making the journey significantly shorter and more successful," he adds.
Leveraging Mobile Technology for iGaming Growth
In underdeveloped regions, mobile technology serves as a gateway to online services, including iGaming. Norman highlights the versatility of mobile devices in these markets: "The mobile phone is your access device, your news screen, your payment platform, your communication, and entertainment unit. It's in almost every hand," he notes. By offering mobile-accessible solutions, companies can effectively address advertising, payment processing, and distribution challenges in these regions.
Enhancing Digital Literacy for iGaming Adoption
Digital literacy is essential for the widespread adoption of iGaming, yet it remains a challenge in many untapped regions. Norman points out that iGaming's potential is often hindered by its perception as a vice. "If regulators and governments recognized the industry's potential, they would involve stakeholders in programs that promote digital literacy," he argues. He believes that integrating iGaming into digital literacy initiatives could create a symbiotic relationship where people pay to play and learn simultaneously.
Ensuring that infrastructure and solutions are both sustainable and scalable is also crucial as markets grow. Norman advocates for a modular and flexible approach:
Being modular and flexible in your approach is key. Entry into any region must follow strategic planning, including the dimensioning of the solution.
Norman Ondego
Aligning Customer Experience with Local Expectations
When entering new markets, aligning the customer experience with local expectations is vital. Norman emphasizes the importance of research and data-driven decision-making, as well as the role of local partnerships. "One-size-fits-all solutions may be cheap to deploy, but they don't always work," he warns. Instead, he advocates for modular solutions that allow for customization without compromising the overall integrity of the product.
Looking ahead, Norman sees vast potential in Africa's untapped regions—not just in terms of market penetration, but in the development of localized, workable solutions. "A lot of capital flight has occurred because solutions have not been localized," he observes. By focusing on creating solutions tailored to the unique needs of each region, Norman believes that the iGaming sector can unlock significant opportunities across the continent.
In conclusion, Norman Ondego's insights provide a roadmap for successfully navigating the complexities of expanding iGaming into untapped regions. From strategic market entry and local partnerships to leveraging mobile technology and enhancing digital literacy, his approach underscores the importance of understanding and adapting to the unique dynamics of each market. As Africa's digital landscape continues to evolve, these strategies will be crucial in unlocking the full potential of the iGaming sector across the continent.
Mercy Sharon is a distinguished Journalist and Communications Specialist, currently serving as the Sub-editor and Journalist at iGaming AFRIKA. With a fervent passion for crafting compelling narratives, Mercy excels in delivering information that engages and informs diverse audiences. Her extensive background in communications, coupled with a meticulous eye for detail, underscores her expertise in content creation, media relations, and strategic communication planning.
- Betting Tips
- Best Acca Insurance Betting Sites Offers
- Best Betting Sites that Accept PayPal 2024
- Best Cash Out Betting Sites: Offers & Ranked for 2024
- Best Crypto Sports Betting Sites in 2024
- Best Esports Betting Sites - Top Sportsbooks in 2024
- Best Free Bets & Offers for 2024
- Best Horse Race Betting Sites - Top Bookmakers of 2024
- Betting Apps
- Betting Strategies
- Bookmaker Reviews
- Betting in Las Vegas
- Betting Sites with Best Live Streaming for Sports 2024
- Fastest Withdrawal Betting Sites for Players 2024
- List Of Best Odds Guaranteed Bookmakers 2024
- Low or No Minimum Deposit Betting Sites 2024
- Safest Betting Sites
- Betting Rules
- Betting Sites With the Best Bonus Offers