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Casino Management Systems Market to grow from a market value of USD 3.83 billion in 2017 to USD 9.26 billion by 2023| Dominant Vendors - Novomatic AG, Bally Technologies Inc., Konami Gaming Inc., Winsystems Inc, Advansys, Apex Gaming Technology, amongst o

01-25-2019 02:36 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

North America expected to hold the Largest Share in the Market
Currently, casinos are no longer viewed as places where crime is rife, but as style statements or as places to portray the status in the society. Casinos have many services, such as table games, slots, hotels, restaurants, and spas. With poker (especially Texas Hold’em) turning out to be the new form of entertainment, casinos are gaining traction in the region.

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Casinos remain a first-world phenomenon, with a very nascent stage of evolution in the rest of the world. The casino management systems market is driven by the expanding global footprint of the casino. The reliance on tourism for a major part of the economy for the developing regions has given the casinos a major boost, with governments permitting casinos to set up shops to attract a large crowd from across the borders and result in a positive scenario for both the casinos and government, as they evolve to reap benefits of the mutual acceptance. The growth of this market is largely fueled by the increasing acceptance for casinos in the emerging markets, growth of tourism industry, and growing demand for system integrators. Security & Surveillance is expected to dominate the market during the forecast period. Casino security and surveillance has changed considerably, with increasing frauds and spoof attacks.

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Market Segments:
Casino Management Systems Market is segmented by:
1. Technology: Accounting & Handling, Security & Surveillance, Hotel Management, Analytics, Player Tracking, Media Management, Marketing & Promotions
2. End Users:Small & Medium Casinos, Large Casinos
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018- Novomatic has invested in an Australian gaming supplier- Ainsworth Game Technology Limited. This investment was targeted to increase the market share of Novomatic in US to 10% in the next five years.
• July 2017- Konami Gaming Inc. announced the launch of its casino management system (SYNKROS) at Lac Courte Oreilles (LCO) Casino Lodge & Convention Center and its outpost location Grindstone Creek Casino.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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