Global Casino Management System Market, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Casino Management System Market


The global Casino Management System market size is projected to reach US$ 12576.38 million by 2026, from US$ 5729.63 million in 2020, at a CAGR of 14% during 2021-2026. Surging demand for innovative technologies in the gaming industry is one of the key trends escalating market growth. Increasing legalization and rising number of these establishments are estimated to provide an upthrust to the market.

The industry has been witnessing significant changes over the past few years in terms of technology and gaming experience offered to patrons. Market participants are heavily reliant on customer retention and focus on improving the quality of services in a bid to deliver a much more personalized experience. They incorporate a variety of disparate systems that collect a wide range of data from customers and floor operations. These systems also offer a centralized system to collect data from various enabling operators to streamline their operations and enhance customer retention rate.

These systems incorporate a variety of functional modules that cater to various aspects of operations such as management systems, accounting tools, analytics tools and security & surveillance systems, among others. These tools and systems can track customer and employee activity across the floor and maintain a database for future reference.

The market is driven by increasing social acceptance of casinos and expanding global footprint. Governments are permitting these establishments to boost economic growth and promote international tourism. However, legalization and rise of online gaming marketplaces are limiting the market from realizing its utmost potential.

The North America region is a mature market with over 1,700 operational casino establishments. The region is anticipated to dominate the market throughout the forecast period. Emerging economies including India, China, Brazil, and Middle Eastern countries are likely to be sights of high growth rates in the arena during the forecast period owing to improving economic conditions, expanding base of middle-class population, and rising disposable income.

Market Segmentation, Outlook & Viewpoint: Global Casino Management System Market

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Security & Surveillance
  
Analytics
  
Accounting & Cash Management
  
Player Tracking
  
Property Management
  
Marketing & Promotions
  
Others

Key Players, Recent Developments & Regional Insights: Global Casino Management System Market

Security & surveillance was the largest segment in 2016 and accounted for just over 22.0% of the overall market. Surveillance systems for casinos are designed to mitigate cheating, theft, and other crimes around the entire resort. Video surveillance solutions enable operators to streamline floor operations to remain profitable. Advancements in automated security systems is also projected to translate into greater deployment of casino management systems during the forecast period.

Casinos involve a lot of monetary transactions that attracts a lot of fraud and spoof attacks leading to an increased adoption of security and surveillance systems. Furthermore, casino management systems incorporate a variety of technologies such as facial recognition, license plate readers, and other analytics to enable operators prevent fraud, stealing, and cheating. Organizations offering these solutions are constantly trying to enhance and implement new technologies to overcome security challenges. Offering a safe and secure gaming environment is of primary concern for casino operators, which is, thereby, driving the adoption of security & surveillance solutions.

The analytics segment is poised to be the fastest growing segment with a CAGR of 16.2% over the forecast period. This growth can be attributed to increasing use of advanced systems for gaming operations and management for gathering a variety data, which can be analysed to derive meaningful insights. Analytical tools enable operators to gain insights into customer behaviour, game preferences, spending patterns, and win/loss probabilities, among others. Such insights enable operators to deliver a personalized gaming experience, enhancing customer retention rate, and drive operational efficiency.

Regional Insights

The North America region is expected to lead the global casino management system market throughout the forecast period. Technological advancements, highly saturated casino industry, and favorable government regulations are the key factors positively influencing the growth of the market in the region. Spiraling adoption of casino management systems across casinos to enhance operational efficiency, customer retention, and gain a competitive edge is contributing to the growth of the regional market over the forecast period. Domicile of major technology players, such as IGT; Micros Systems, Inc.; CasInfo; Bally Technology; Konami Corporation; and Agilysys, Inc. is also playing an imperative role in the development of the market in North America.
However, Asia Pacific is estimated to emerge as the fastest growing region, owing to evolving customer preferences coupled with increasing disposable income and favorable government regulations. The number of casino establishments is witnessing a strong growth in the region and is anticipated to support market expansion in the coming years.

Casino Management System Market Share Insights

The market is highly competitive, owing to presence of various prominent players such as International Game Technology (IGT); Konami Corporation; Micros Systems, Inc.; LGS; Honeywell International, Inc.; Aristocrat Leisure Limited; and Next Level Security Systems, Inc.
Lack of product differentiation is encouraging vendors to constantly innovate and invest significant amounts towards R&D of advancement systems. Industry players have been focusing on organic and inorganic growth strategies such as R&D investments, product innovation, mergers & acquisitions, and value-added features to augment their product portfolios to meet evolving needs of customers and gain a larger share of the market.
Casino management systems can include a variety of different modules depending on casinos requirements, which cannot be fulfilled by a single vendor solution. Hence, vendors tend to develop open systems enabling casino operators to integrate third party solutions and hardware to gain optimal control of gaming operations. Vendors focusing on management systems, databases, security solutions & systems, and analytical tool areanticipated to have a competitive advantage in the arena over the forecast period.

Key Insights Covered: Global Casino Management System Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Casino Management System industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Casino Management System industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Casino Management System industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Casino Management System industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Casino Management System industry.

Research Methodology: Global Casino Management System Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other