Press release
Casino Management System Market Research Report by Key Players Strategy | Advansys, Agilysys, Avigilon, Bally Technologies, Bluberi Gaming Technologies, Ensico Gaming D.O.O., Hconn, Konami | Upcoming Trend by Forecast to 2023
According to MRFR analysis, global casino management system market was valued at USD 3-4 billion in 2017 and is estimated to reach market value of USD 7-8 billion by 2023 growing with 12-13 % CAGR during forecast period 2018-2023. Increasing demand of security solutions to monitor and detect suspicious activities in a casino, development in gaming industry, and increasing disposable income of citizens in developing nations are some of the prime factors which are expected to drive the market growth in coming years.Market Trends:
AI in Casino Management:
Developing artificial intelligence technology is slowly penetrating into every possible segment of the market. Integration of artificial intelligence technology is expected to improvise the potential of surveillance systems in a casino. With the support of facial recognition system and other biometric systems, casino owners can increase basic security in their premises.
Blockchain in Casino Management:
Blockchain can transformed a casino into a decentralized system where third party will not be allowing to interrupt or manipulate the game. Every game will be played fairly and transparently. The decentralized system of casino will also be expected to ensure the safety of funds as due to strict rules of blockchain industry, it will be very difficult for casino investors to do any kind of fraud with the funds.
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Prominent Players:
Advansys, Agilysys, Avigilon, Bally Technologies, Bluberi Gaming Technologies, Ensico Gaming D.O.O., Hconn, Honeywell, International Game Technology, Konami, Lodging and Gaming Systems (Lgs) Micros Systems, Next Level Security Systems (Nlss), Tcsjohnhuxley, Wavestore, and WIN Technologies Limited.
Intended Audience
• Technology, service, and solution providers
• Information Technology management
• Government
• Research Institutes
• Consultants/advisory firms
• AI system integrators
• Value-Added Resellers (VARs)
• Strategic business partners
Detailed Regional Analysis
The market for casino management system market is estimated to grow at a significant rate during the forecast period 2018 to 2023. The geographical analysis of casino management system market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Philippines Singapore and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East, Africa, and Latin America).
North America is expected to dominate the casino management system market during the forecast period. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. In North America, casino industry is a matured industry. Las Vegas is one of major hub of casinos in USA and had generated revenue of USD more than 10 billion in 2017. Canada and Mexico are also among the highest contributors in generating highest revenue for gambling market in the world after USA.
Europe is expected to be the second dominant market of casino management system market. The online gambling market in Europe is one of the largest markets. France, followed by Great Britain, Switzerland and Germany are the major market of casinos and gambling in Europe region.
Asia-Pacific Artificial casino management system market is projected to grow with fastest growing CAGR during forecast period. Macau, located at south coast of China, is the largest casino market in the world. Gambling or casino industry contributes significant amount to the economy of Macau. In 2017, Macau has generated around USD 30-32 billion market from its gambling business. Japan and Philippines are also a prominent market for casino management systems and due to increasing government initiatives to build casino houses in these countries, they are projected to grow with fastest growing CAGR during the forecast period.
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Table of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Dynamics
4.1 Market Drivers
4.1.1 Increasing Demand Of Security Solutions To Monitor And Detect Suspicious Activities In A Casino
4.1.2 Development In Gaming Industry
4.1.3 Increasing Disposable Income Of Citizens In Developing Nations
4.2 Market Restraints
4.2.1 Stringent Government Norms & Regulations
4.3 Market Opportunities
4.3.1 Penetration In Developing Nations Such As Philippines And Japan
4.4 Market Challenges
4.4.1 Cyber-Threats
4.5 Value Chain Analysis
4.6 Porter’s Five Forces Analysis
4.6.1 Threat Of New Entrants
4.6.2 Bargaining Power Of Buyers
4.6.3 Threat Of Substitutes
4.6.4 Segment Rivalry
4.6.5 Bargaining Power Of Suppliers
Continued…..
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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