Casino Management System Market– Overview:

The global casino management system market is expected to reach a valuation of around USD 8 billion by 2023

The report presents a comprehensive overview of the global casino management system market, including a detailed profiling of the market’s competitive landscape, key drivers and restraints, and major segments. According to the report, the global casino management systems market is expected to exhibit a strong CAGR of around 13% over the forecast period from 2018 to 2023.

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The growing popularity of casinos and the growing disposable income of consumers in developed nations is likely to be the major driver for the global casino management system market. The increasing interest in casinos has driven the number of people visiting casinos, making it harder for the casino owners to track and monitor every single customer and increasing the risk of fraud or theft. This has led to a growing demand for advanced casino management systems capable of covering every part of the casino with minimum fuss and monitoring every table.

The increasing development of face recognition technology is likely to be a vital driver for the global casino management system market over the forecast period. The use of face recognition technology allows casino management to track suspicious individuals with higher efficiency. The technological development in the field of face recognition is likely to drive technical innovation in casino management systems, driving the global casino management system market over the forecast period.

Competitive Analysis:

Leading players in the global casino management system market include WIN Technologies Limited, Wavestore, TCSJOHNHUXLEY, Next Level Security Systems (NLSS), Micros Systems, Lodging and Gaming Systems, Konami, International Game Technology, Honeywell, Hconn, Ensico Gaming DOO, Bluberi Gaming Technologies, Bally Technologies, Avigilon, Agilysys, and Advansys.

Industry Updates:

In May 2019, the Oasis Springs Casino in Fallon Nevada signed a deal to install Table Trac Inc.’s CasinoTrac casino management system.

Segmentation:

The global casino management system market is segmented on the basis of component, application, and region.

By component, the global casino management system market is segmented into security & surveillance, slot machines, and PoS terminals, among others. The security & surveillance segment is further sub-segmented into analogue cameras, IP cameras, DVR & NVR, video recorders, surveillance software, access control, and alarm systems, among others.

By application, the global casino management system market is classified into security & surveillance, analytics, accounting & cash management, tracking and monitoring, and human resources, among others.

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Regional Analysis:

North America is likely to dominate the global casino management system market over the forecast period due to the growing casino industry in the U.S. and high popularity of gambling and casinos in the region. Regions such as Las Vegas and Reno in the U.S. are major players in the casino management system market due to the high concentration of casinos in these regions. The high disposable income of consumers in North America has also driven consumer interest in casinos in the region, driving the demand for casino management systems. Due to the presence of a fertile casino industry in North America, many leading casino management system developers are also based in the region, offering the region another key advantage over other regional segments.

Asia Pacific is likely to exhibit rapid growth in the global casino management systems market over the forecast period due to the growing demand for casino management systems in Eastern Asian cities such as Hong Kong, Macau, and Bangkok. The casino industry has flourished in East Asia in recent years due to the rapid increase in the disposable income of consumers in the region. This has driven up the demand for casino management systems from the region. Countries such as China, the Philippines, Singapore, and India are likely to be highly profitable for the global casino management system market over the forecast period.

The Europe market for casino management systems is likely to retain a stable share over the forecast period, while emerging regions such as Latin America and the Middle East are likely to hold a minimal share.

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