Global Casino Management System Market Overview
The key driver impacting the casino management system is the growth in the gambling industry globally and the rising demand for innovative technologies in the gaming industry. For instance, as per casino.org, the global gambling statistics show that over 26% of the population gamble, which means approximately 1.6 billion people worldwide gamble and 4.2 billion gamble at least once each year. In online gambling and demographic statistics, a UK study shows that 17% of the population gamble online.
According to Value Market Research, the global casino management system market size was valued at around USD 28164.38 Billion in 2030 and is estimated to grow at a CAGR of about 16.8% during the forecast period 2023 to 2030.
The growing concerns over cyber threats in the hospitality and gaming industry are estimated to augment casino management system needs in the forecast period. There is a significant incidence of cyber-attacks in the gaming industry observed in recent years, which is creating demand for security & surveillance, and analytics systems. For instance, in 2020, Marriott, one of the largest hotel brands with 7,300 hotel and resort properties in 134 countries, exposed that the personal details of approximately 5.2 million hotel guests were deceptively accessed. In January 2021, Hackers connected to the Chinese government were responsible for ransomware attacks against five significant gaming and gambling countries, demanded around $100 million in ransom. In 2019, the personal data of over 10.6 million guests of MGM Resorts properties was public on a hacking forum. However, the unfavorable regulatory landscape for gambling may hamper the market in the long run. Also, the rising popularity of online casinos/gambling is negatively impacting the market. The current industry trends, such as using advanced analytical technologies to improve the solution capabilities and expanding hospitality industry in emerging nations, are likely to provide market players with new market opportunities.
The casino management system market is vast, with many local and global players. The casino management system market is extensive, with many international and regional players. The key market leaders follow various strategies to advance their market statuses, such as amalgamation, extending product portfolio, contracts, product upgrades, and acquisitions, to enlarge their market share across the globe. The significant players studied in the report are Konami Corporation, Bally Technologies, Agilysys, International Game Technology (IGT), Casino Systems, and LGS (Lodging and Gaming Systems), Honeywell International, Inc., and Next Level Security Systems; Inc.
In this research report, the casino management system market is segmented by application and region.
Analysis by Application:
By application, the report is categorized into security & surveillance, analytics, accounting & cash management, player tracking, property management, marketing & promotions, and others. Security and surveillance dominate the application segment with over 22% share in 2020. It is due to the high demand for surveillance systems at gaming clubs are made to mitigate theft, cheating, and other crimes around the gambling club floor and the entire resort. Moreover, rising advancements in automated security systems globally contribute to the high market demand from security & surveillance in the forecast period.
Analysis by Region:
In the regional outlook of the global Casino management system market, the North America region dominates globally with a 30% market share in the forecast period. It is due to the rising technological proliferation and highly saturated casino industry. Also, the existence of major technology players, such as Micros Systems, Inc.IGT, Micros Systems, Inc., Bally Technology, CasInfo; Konami Corporation; and Agilysys is also adding growth to the market. Moreover, the rising adoption of casino management systems to improve operational efficiency, customer retention and competitive edge contribute to market growth across North America.
Market Segmentation covered in the Report:
By Application
- Security & Surveillance
- Analytics
- Accounting & Cash Management
- Player Tracking
- Property Management
- Marketing & Promotions
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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