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Casino Management Systems Market Size, 2027 | Industry Report

Casino Management System Market Analysis Report By Application, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17614694  |  Published: February 2021  |  No of Pages: 101
Format: Electronic (PDF)  |  Industry: Computing & Technology  |  Publisher: Grand View Research

Synopsis

With reference to the report published, the global casino management system market size was priced at USD 5.1 billion in 2019. It is estimated to grow by 14.9% CAGR during the period of the forecast.

Drivers

The market is impelled by growing recognition by the community for the casinos, as well as the increasing global existence of the casinos. The governments are giving permission for the setting up of betting clubs, immediately to increase the financial development as well as to encourage global tourism.

The increasing requirement for modern technologies in the gaming industry is estimated to encourage the need for the casino management system. The rising support, as well as escalating figure of the gaming firms, is likely to be the input factor, certainly influencing the enlargement of the market. The globally increasing figure of the gambling clubs is furthermore making a path for the progression of the market. For example, in line with the American Gaming Association (AGA) in 2018, the U.S. was having a total of 979 casinos, which were the maximum in the world.

Global casino management system market

The casino management system integrates a range of useful elements, which cater to a variety of features of gaming club procedure, for example, security & surveillance system, management system, and accounting & analytics tools. These systems and tools are capable to follow employee and customer actions, through the floor of the gaming club as well as preserve the record for upcoming reference. In addition, the casino management system moreover offers a variety of investigative tools and software, which helps to understand and evaluate employee and client activities, so as to enhance operational competence.

North America contains an established casino market, by way of more than 1700 ready casino companies. The state is estimated to lead the casino management systems (CMS) market, during the period of the forecast. Due to the continually improving financial circumstances, rising middle-class people along with increasing disposable income, the developing economies comprising Brazil, India, Middle East nations, and China are projected to observe considerable progress for the duration of the forecast.

Restraints

On the other hand, the corroboration and growth of online gaming sites have slowed down the progress of the market. Strict rules by the government regarding the gaming regulations are additionally projected to restrict the enlargement of the market.

Application Insight

The analytics sector is estimated to be the speedily developing sector by 16.3% CAGR, during the period of the forecast. This progress can be credited to the rising utilization of highly developed organizations for casino management and gaming operations. It is collecting a mixture of information that can be scrutinized to obtain significant insight. Diagnostic tools facilitate operators to increase insights on the activities of the client, inclination for the game, the pattern of expenditure as well as possibilities of loss or win. Such types of insights facilitate operators of the gaming club to provide a custom-made experience of gaming which is improving retention rates of the customers plus impel operational competence.

In 2019, security and surveillance was the biggest sector and it held above 22% share of the casino management systems market. It had acquired the principal share of the general revenue. Surveillance systems for the gaming clubs are intended to diminish theft, cheating, and additional crimes all over the place of the gambling club in addition to the complete resort. Video surveillance resolutions make it possible for the operators to simplify the floor process to stay cost-effective. The progressions in computerized security systems are furthermore estimated to power the demand for casino management systems during the period of the forecast.

North america casino management system market

A lot of financial dealings are involved in casinos. It invites several spoof and fraud attacks causing an augmented acceptance of security and surveillance systems. These types of systems integrate a mixture of technologies like readers of the license plates, facial identification, and additional analytics to make it possible for the operators to avert cheating, stealing as well as fraud, on the floor of the gambling club. The companies presenting casino management solutions are continuously trying to improve and put into practice innovative technologies to beat the challenges related to security. Providing secure and protected gaming situations is the most important matter for the operators of gaming clubs which is forcing the acceptance of security and surveillance solutions.

Regional Insight

Technical propagation, as well as the extremely saturated business of casinos, is the most important factor, powering the expansion of the casino management system in North America. The growing acceptance of casino management systems to improve client retention and operational effectiveness is expected to increase the progress of the market, during the period of the forecast.

On the other hand, Asia Pacific is likely to appear as the highest increasing region by 16.8% CAGR, during the period of the forecast. This can be credited to the speedy growth in the disposable income, developing inclination of the customer, as well as the improving communal reception of gambling clubs. Slackening of the government policies to sustain gaming clubs within the region is furthermore expected to boost the local progress. In addition, tax repayment is moreover estimated to encourage the demand for the casino management system market for the duration of the forecast.

Companies

The companies mainly concentrate on joint ventures as well as mergers & acquisitions to increase their existence in the market. Due to the existence of a variety of major companies, the market is extremely aggressive.

Some of the companies for the casino management system market are:

  • Next Level Security Systems, Inc.
  • Honeywell International, Inc.
  • Micros Systems, Inc.
  • International Game Technology (IGT)
  • Aristocrat Leisure Limited
  • LGS
  • Konami Corporation

 

Report Scope

Report Attribute

Details

The market size value in 2020

USD 5,860.1 billion

The revenue forecast in 2027

USD 15,499.1 billion

Growth Rate

CAGR of 14.9% from 2019 to 2027

The base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD billion and CAGR from 2019 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application and region.

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; China; India; Japan; Brazil

Key companies profiled

Konami Corporation; Bally Technologies; Agilysys; Inc.; International Game Technology (IGT); Casinfo Systems; LGS (Lodging and Gaming Systems); Honeywell International; Inc.; and Next Level Security Systems; Inc.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs. 


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Million Insight has segmented the global casino management system market report based on application and region:

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Security & Surveillance
    • Analytics
    • Accounting & Cash Management
    • Player Tracking
    • Property Management
    • Marketing & Promotions
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
    • The Asia Pacific
        • India
        • China
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)

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