The global casino management system market is growing continually. The rising adoption of casino management platforms drives the market growth exponentially. Besides, the rising need for high-level operation and monitoring of casino businesses boosts the growth of the market. Moreover, advantages that these casino management systems offer, such as lower management costs with agility, flexibility, and security, accelerate the market demand.
According to Market Research Future (MRFR), the global casino management system market is poised to create an exponential valuation by 2027, registering an impressive CAGR during the forecast period (2020–2027). Casino Management System is garnering huge popularity among the major software companies. The cost-effective implementation of these systems is another major headwind supporting the market growth.
These system providers are increasingly coming up with various combinations of different services and applications to meet the increasing demand for efficient management systems from the end-users. On the other hand, associated data theft risks and data misuse possibilities are major factors that obstruct market growth. Nevertheless, the rising casino security technologies would support the market growth throughout the review period.
Players leading the casino management system market are Agilysys, Advansys, Avigilon, Bluberi Gaming Technologies, Bally Technologies, Ensico Gaming D.O.O., Honeywell, Hconn, International Game Technology, Lodging and Gaming Systems (LGS), Micros Systems, Konami, Next Level Security Systems (Nlss), Wavestore, Tcsjohnhuxley, and WIN Technologies Limited, among others.
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Global Casino Management System Market – Segments
The casino management system market analysis is segmented into components, applications, and regions. The component segment is sub-segmented into security surveillance, slot machines, PoS terminals, and others. The sub-segment security surveillance is further bifurcated into analog cameras, IP cameras, DVR NVR, video recorders, surveillance software, access control, alarm systems, and others.
The application segment is sub-segmented into security surveillance, analytics, accounting cash management, tracking monitoring, human resources, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
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Casino Management System Market – Regional Analysis
North America dominates the global casino management system market. The region has a large number of casinos, proliferated mainly due to government support to casino businesses. Also, the region is the largest online casino industry in the world. Besides, vast development in technologies and network infrastructure act as major driving forces. The presence of major system providers and the wide adoption of casino management platforms and services drive market growth.
Europe stands second in the global casino management system market. The region is a substantially large market for casinos and online betting. Additionally, the market growth is driven by the vast adoption of casino management platforms in increasing numbers of casino operators.
The Asia Pacific casino management system market is growing at a rapid pace. Factors bolstering the market casino management system size include the increasing adoption of online managed services and cloud-based business applications across the casino industry in the region. Furthermore, the increasing demand for online gaming systems is impacting the market growth in the region positively.
India, China, Japan, the Philippines, and Singapore are the high potential market for casino management systems. China, Japan, and India hold considerably fair shares in the regional market and grow rapidly in the forthcoming period.
Global Casino Management System Market - Competitive Analysis
The fiercely competitive casino management system market appears fragmented, with many large small players forming a competitive landscape. Product launch, agreement partnership, M M MA, and expansion are strategic initiatives traced from recent market proceedings.
Industry/ Innovation/ Related News:
March 09, 2021 --- Boyd Gaming Corp. (the US) announced its return to the casino business, partnering with an online betting platform FanDuel to launch Stardust online casinos in New Jersey and Pennsylvania next month.
This time, the iconic Stardust name is returning as a pair of online casinos bearing the brand of the now-gone Strip resort. FanDuel is rebranding its Betfair Casino in New Jersey and launching a Pennsylvania e-casino as Stardust platforms. Players would use a single Stardust Casino app through iOS and Android operating systems to play in both states.
November 10, 2020 --- International Game Technology (IGT), a leading global gaming company, announced the installation of its IGT Advantage casino management system at the Bao Son International Hotel Versaces Club in Hanoi, Vietnam.
IGT’s new casino management system would be replacing Versaces Club’s existing CMS, operating the property’s loyalty program, monitor optimize its casino floor, and perform a range of other essential functions.
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
4.5 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
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