San
Francisco, 18 September 2018 - The global casino management system market size is expected
to reach USD 11,726.7 million by 2025, according to a new study by Grand View
Research, Inc., progressing at a CAGR of 14.8% during the forecast period.
Growing demand for these establishments and increasing social acceptance are
expected to emerge as crucial factors for driving the market. Increasing use of
technologically advanced solutions and systems across the casino floor to boost
operational efficiency will further drive growth in the casino management
system market.
North America emerged as the highest revenue
generating segment in 2016 and is expected to grow at a CAGR of 13.5% from 2017
to 2025. However, it is estimated that Asia Pacific will witness significant
growth and will grow with the fastest CAGR of 17.0% over the forecast period.
The growth of the casino gaming industry, especially in Japan, China, and
India, is expected to play a major role in propelling the over the forecast
period. Governments across the region are gradually legalizing casino gaming,
owing to the various social and economic benefits. A rising number of these
establishments and evolving customer preferences towards casino-style gaming
will boost the casino management system market over the next nine years.
It involves a multitude of monetary transactions
which has resulted in an increase in the number of fraud and spoofing attacks.
To safeguard against cheating, fraud and other crimes, operators are heavily
investing in security & surveillance solutions to ensure a safe gaming
environment across the casino floor. Hence, security & surveillance systems
have become a vital component of a casino management system enabling casino
operators to monitor and manage security threats in real time. Video analytics,
license plate recognition, facial recognition and automated surveillance
technologies are being implemented increasingly which is expected spur the
casino management system market growth.
These systems incorporate analytic tools, management
systems, player tracking, and other tools. The analytics segment is expected to
grow with the fastest CAGR of 16.2% over the forecast period. These systems are
expected to witness high penetration as casinos become more data driven and analytical
tools can help gain a competitive edge. Analytical tools offer varying insights
on customer behaviour, game preferences, spending patterns, and win/loss
probabilities, among others. Such insights enable operators to deliver a
personalized gaming experience, enhancing customer retention rate and
streamline gaming operations. However, emerging online gaming platforms are
expected to gain increased market penetration owing to the evolving customer
preferences which is likely to hinder the market growth.
Full
Research Report On Global Casino Management System Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/casino-management-system-market
www.grandviewresearch.com/industry-analysis/casino-management-system-market
Further
key findings from the report suggest:
- The security & surveillance segment is
expected to dominate the overall market, and was valued at USD 757.6
million in 2016. Advancements in automated security solutions is further
expected to drive market growth in this segment.
- Analytics segment is expected to witness
significant growth at a CAGR of over 16% from 2017 to 2025. Analytical
tools are likely to witness increased adoption over the forecast period
owing to varying insights offered enabling operators to remain profitable.
- The player tracking segment was valued at USD
512.6million in 2016. Operators are incorporating digital technologies to
deliver a more personalized gaming experience and drive customer retention
rate.
- Asia Pacific is expected to witness the highest
growth rate over the forecast period. Increased demand for these
establishments coupled with changing consumer preferences and rising
disposable income will augment the market growth.
- Global players include International Game
Technology (IGT), Micros Systems, Inc., Aristocrat Leisure Limited, Konami
Corporation, Bally Technologies, and Honeywell International, Inc., among
others.
- Key players are adopting organic and inorganic
growth strategies such as investments in R&D, product innovation, and
M&A activities to acquire larger market share.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global casino management system
market on the basis of application, and region:
Casino
Management System Application Outlook (Revenue, USD Million; 2014 - 2025)
- Security
& Surveillance
- Analytics
- Accounting
& Cash Management
- Player
Tracking
- Property
Management
- Marketing
& Promotions
- Others
Casino
Management System Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-casino-management-system-market
www.grandviewresearch.com/press-release/global-casino-management-system-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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