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Fact.MR: A market research and competitive intelligence provider. The global casino management systems market is expected to grow at a remarkable CAGR of 13.1% between 2023 and 2023. The market will see a rise in demand due to the increasing popularity of online gambling in casinos around the world. The demand for casino management software to reduce crime and manage cash overflows will increase as gambling becomes more popular.
These systems are used to manage financial services, cashless tickets, management of table slots, and other business operations. According to the research, fraud in gambling and gaming saw an increase of almost 35%, particularly when there were violations of licenses and policy agreements. The casinos have adopted security and surveillance management systems to combat fraud, cash theft and data theft.
The number of fraud attempts around the world is on the rise due to digital development and increased use of online gambling apps. Key players are now developing high-tech casino management systems that include facial recognition and big data analytics.
These players are also working on systems that use behavioral analytics and have large amounts of data stored to combat cheating. These factors are expected to drive growth in the analytics market at a staggering 16% CAGR between 2033 and 2033. The market will grow further with the integration of technology like natural language processing (NLP), artificial intelligence (AI), and machine learning (ML).
North America will see remunerative growth opportunities for the casino management market. The growth in this region is mainly due to the increasing number of U.S. casinos. According to the study, North American sales are expected increase by 3.2x in the next decade.
Key Takeaways
- In 2033, North America and Europe will contribute more than 64% to the total revenue.
- The forecast period predicts that South Asia and Oceania will see a 17% increase in demand for casino management systems.
- East Asia will experience impressive growth with a 16% CAGR in the next decade.
- Mexico and the United States are expected to be among the most profitable countries in the market for casino management systems.
- Security & surveillance will account for more than 25% of the market’s sales.
Growth Drivers
- The market will be driven by the increasing need for security and surveillance at casinos and hotels to combat criminal activity.
- The market will grow if these systems integrate advanced technology like facial recognition, big data and artificial intelligence.
- The adoption of casino management systems will increase with the increasing number of casinos in America, Japan, and China.
Restraints:
- The market might be less competitive due to the growing popularity of online gambling platforms and apps.
- The decline in revenues from casino operations and casinos due to increasing awareness towards obsessive gaming is likely to hinder sales.
- The market might be hindered by a shortage of IT professionals and the high cost of these systems.
Competitive Landscape:
To gain a competitive edge in this market, key companies are focused on creating digitally advanced and virtual management software. To provide unique and accurate data and generate revenue, they are integrating disruptive block chain technology, machine-learning, and real time big data analytics.
For example,
- The launch of Precision Bonusing by Acres Manufacturing Company in April 2022 was announced by Acres Manufacturing Company. This company is a global casino loyalty program and technology developer. It can be used with any slot machine that is connected to its casino management system.
- International Game Technology PLC, a leading gaming company, announced in May 2022 that it had launched its IGT Advantage casino management system. It partnered with NUSTAR Resort & Casino Cebu, Philippines.
Top Companies Profiled By Fact.MR
- Konami Corporation
- Agilysys Inc.
- Bally Technologies
- Casinfo Systems
- International Game Technology (IGT).
- LGS (Lodging and Gaming Systems).
- Micros Systems Inc. (Oracle Corporation)
- Honeywell International Inc.
- Next Level Security Systems Inc.
- Aristocrat Leisure Limited.
More Valueful Insights on Management Systems Market
Fact.MR has released a new study that examines the global market for casino management systems over the period 2023-2033. The study highlights key factors that will drive the sale of casino management systems through segmentation.
by Application:
- Security & Surveillance
- Analytics
- Accounting & Cash Management
- Player tracking
- Property Management
- Marketing and Promotions
- Other
by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Key Questions in the Management Systems Market report
- What is the market value for casino management systems in 2023?
- What rate will the global market for casino management systems grow between now and 2033?
- What are the main factors that hinder the growth of the market for casino management systems?
- Which region will dominate the global market for casino management systems?
- What are the key factors that will drive the market for casino management systems in the forecast period?
- Which is the main application of casino management system?
Check out Fact.MR’s coverage of the Technology Domain
Integrated Video Surveillance Systems Market – The key driver of the increase in demand for integrated video surveillance systems is their increasing use in commercial and residential sectors. These systems can be found in casinos, government organizations, banks, and smart cities. These systems allow businesses and organizations to collect information and prevent criminal activity.
Market for Cash Management System : The global cash management system market will reach US$ 14.18 Billion in 2032. This is a 14.5% CAGR over the forecast period (2022-2032). The digital cash management technology helps businesses create a secure financial net. It also allows for real-time extensibility and streamlines business operations.
Market : The global market for network video recorders (NVRs) is expected to exceed US$ 11.21 billion by 2032. This represents 13.3% CAGR from 2022-2032. Nearly 5.5% of global video surveillance market demand was accounted for by network video recorders.
