Casino Management System Market
Casino Management System Market By Application (Security & Surveillance, Analytics, Accounting & Cash Management, Player Tracking, Property Management, Marketing & Promotions)- Global Market Insights 2019 to 2029
Casino Management Systems to Sky-rocket with 14.5% CAGR through 2029 Amid Increasing Footfalls
The spurring ecosystem of casino clubs and leniency in gaming norms around the globe will accelerate the demand for casino management systems.
Advancements in virtual gaming technology attract an increasing number of consumers. The global casino management systems market will grow over 4X during the forecast period (2019-2029).
Increasing penetration of gaming analytics that records, analyses, and predicts consumer behavior is generating remunerative growth opportunities.
On the back of increasing internet connectivity in developing economies, the market for casino management systems is set for a tremendous growth trajectory.
Security & Surveillance- Key Growth Application
Among various applications, the security & surveillance segment accounts for over 1/4th of the total market value share.
This can be attributed to increasing concerns about the safety of high-paying customers and an urgent need to impede cheating practices.
Advancements in facial recognition and behavioral analytics via video surveillance will strengthen the demand for casino management systems.
On this backdrop, the analytics segment will record the highest surge in demand with a stupendous 16% CAGR through 2029. Integration of industry 4.0 technologies such as natural language processing (NLP), artificial intelligence (AI), and machine learning (ML) will enhance the consumer experience in gaming clubs and further the demand for analytic applications.
Accounting & cash management applications will continue to provide sustainable growth opportunities increasing its market value share at a steady pace through 2029.
US, Canada, and Mexico Continue to Generate Revenue
North America and Europe collectively account for over 64% of the total market value share. Early adopters such as the US, Canada, and Mexico are witnessing ever-growing demand for gaming clubs.
This attracts continuous investments in the gaming industry and subsequently generates continuous demand for casino management systems.
Support from industry associations such as the Gaming Control Boards provides impetus to research and development of digital gaming products.
Emerging Asia Pacific (East Asia and South Asia & Oceania) economies are attracting customers to online and offline gambling.
South Asia & Oceania and East Asia offer the most lucrative revenue opportunities with a meteoric 17% and 16% CAGR respectively. High spending on online gaming in East Asia and South Asia & Oceania will prove to be a beneficial factor for market players to expand their footprint.
Innovative Applications to Strengthen Growth
Developers of casino management systems are innovating product end-use applications.
Virtual gambling, advanced slot machines, and new-age gambling devices such as GameCO, the world’s first virtual gambling machine aim to move away from conventional luck-based slot machines to skill-based reward systems.
Online gambling presents gainful opportunities. Disruptive technologies such as blockchain, and big-data analytics will help differentiate product offerings in a highly competitive market.
Organizations are targeting developing countries to realize early mover advantage and garner sustainable revenue prospects.
Major market players that influence the competitive landscape are, but not limited to
- Konami Corporation
- Agilysys Inc.
- Bally Technologies
- Casinfo Systems
- International Game Technology (IGT)
- LGS (Lodging and Gaming Systems)
- Micros Systems Inc. (Oracle Corporation)
- Honeywell International Inc.
- Next Level Security Systems Inc.
- Aristocrat Leisure Limited.
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Global Casino Management System Market: In-Depth Assessment on Key Segments
The global casino management system market is segmented on the basis of application and region.
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for casino management system has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index, and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous casino management system manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides a company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries.
The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global casino management system market.
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