Market Research Future (MRFR), in its report on the global casino management system market, reveals that the market is expected to register a CAGR of 12-13 % in the forecast period of 2018 to 2023.
MRFR in its report also states that the worldwide casino management system market size is expected to increase to USD 7-8 billion by 2023 from USD 3-4 billion in 2017. The ability of casino management system to simplify operations is identified as the chief factor that is expected to boost the expansion of the worldwide market of casino management system market across the evaluation period. Slot management, players and visitors tracking, cash desk operations, self-service cash desk, ticketing, and reception & desk management are benefits offered by casino management systems that are expected to propel the growth of the market.
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Technologies are observed to contribute effectively to the growth of the global casino management market. Artificial intelligence technology is observed to influence almost every sector, and casino management solutions are highly dependent on modern technologies that is expected to propel the growth of the market. Alongside, the disruptive forces of blockchain technology is expected to push the growth of the casino management system market. Advent of the internet of things and their integration in IT assets supporting casino activities are expected to boost the expansion of the casino management system market.
The rise in demand for security solutions to detect and supervise movements in a casino is noted to be a game-changer for the gaming industry. In addition, the increase in disposable income and growing acceptance of casino among people are identified as additional factors that can boost the growth of the global market of casino management systems. On the contrary, strict government norms and regulations can restraint the expansion of the market. As the need to safeguard casinos from potential cyber-threats is growing, the adoption of casino management solutions is surging. Hence, this is likely to propel the expansion of the market.
MRFR listed some of the well-known companies of the casino management system market. They are; Agilysys, Advansys, Bally Technologies, Avigilon, Ensico Gaming D.O.O., Bluberi Gaming Technologies, Wavestore, Honeywell, Hconn, Konami, Lodging and Gaming Systems (Lgs) Micros Systems, International Game Technology, Tcsjohnhuxley, Next Level Security Systems (Nlss), and WIN Technologies Limited.
The global market of a casino management system is studied by component and application. By component, the market is segmented into slot machines, security & surveillance, PoS terminals, and others. The security & surveillance segment is sub-segmented into IP cameras, Analogue Cameras, DVR & NVR, Surveillance Software, Video Recorders, Alarm Systems, Access Control, and others. By application, the market is segmented into analytics, security & surveillance, accounting & cash management, human resources, tracking and monitoring, and others.
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Detailed Regional Analysis
The global market of casino management systems has been studied across North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa. The presence of numerous casinos and the increase in crowd are expected to surge the adoption of casino management market in the North America region. The early adoption of modern technologies and the existence of robust infrastructure are expected to propel the regional market. The US holds a large number of casinos and highly developed network facilities. In Asia Pacific, the increase in awareness and acceptance of casino entertainment are likely to boost the regional casino management system market. The existence of numerous casino management system developers and the high amount of funding for the development of casino safeguarding systems in Europe are expected to boost the expansion of the regional market.
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