Casino Management System Market Overview
Management systems, accounting and analytics tools, and security and surveillance systems are just a few of the functional modules that casino management systems include. These tools and technologies can keep track of consumer and employee behaviour across the gaming floor and save it in a database for future use. In addition, the casino management system offers a variety of analytical software and tools to aid in the analysis and understanding of consumer and employee behaviour in order to improve operational efficiency.
According to MRFR analysis, casino management system market was valued at USD 3-4 billion in 2017 and is estimated to reach market value of USD 7-8 billion by 2023 growing with 12-13 % CAGR during forecast period 2018-2023.
Casino Management System Market - Covid 19 Analysis
Individuals and businesses alike have been impacted by the COVID-19 pandemic. Throughout the world, the internet ecosystem has played an important role. During the COVID-19 pandemic, the casino and gambling industries have been one of the biggest impacted sectors. The use of player monitoring, security, and surveillance devices has expanded dramatically as a result of the COVID-19 outbreak. Casinos and resorts employ casino management software to deliver essential services to customers.
Casino Management System Market - Dynamics
Better security and surveillance operations at casinos are in high demand.
Due to increased concerns about thefts and scams, the risk picture for modern-day casinos is always changing. Every day, casinos see a significant number of monetary transactions in wide-open locations with various entry and departure points, making comprehensive security difficult. On busy evenings, security staff find it impossible to watch each person's conduct due to the enormous number of individuals passing through the doors and exits.
Security systems have grown in utility as a result of technological breakthroughs such as facial recognition and automatic number plate recognition, which have made it easier to secure large casinos with high foot traffic. As casino owners resume normal operations following the relaxation of limitations on public gatherings due to the COVID-19 outbreak, they are likely to expand their investment in advanced security systems for their businesses.
Advanced analytics technologies are being used to improve the solution's capabilities.
Casino operators have access to vast amounts of information on their clients and their gaming habits, which they may use to improve their operational procedures and performance analysis/reporting by implementing powerful AI-driven casino management solutions. Casinos can utilise statistical analysis to find the most favourable hotel room prices and segment customer profiles to target the right customer with the correct marketing campaigns by applying sophisticated analytics.
Online casinos/gambling is gaining popularity.
Over the projected period, the growing popularity of online casinos/gambling is expected to have a significant impact on the revenues of traditional casinos. Customers may login and play whenever they want from the comfort of their own homes thanks to the availability of online platforms. From blackjack and poker to slot machines, these platforms provide access to all of the games commonly found in a casino. Another benefit of internet gambling is that users have access to hundreds of different online casinos from which to choose for various games and bonuses.
The COVID-19 pandemic has had a significant impact on casino revenues and operations.
The COVID-19 outbreak has wreaked havoc on the gambling/casino business on the ground. Government-imposed stay-at-home prohibitions in several nations resulted in the shutdown of casinos, lottery outlets, and other gambling facilities. Closures left casinos without revenue for weeks or months, and even when they reopened, limits were imposed to limit the number of guests, preventing them from operating at full capacity.
Cumulative Growth Analysis
Casino management systems are likely to grow in popularity as the gambling industry's demand for innovative technologies grows. In the near future, increased legalisation and the number of gaming establishments are expected to be a key factor positively driving Casino Management System Market growth. Furthermore, the increasing number of gaming clubs around the world is fuelling the growth of the casino management system market.
Value Chain Analysis
The casino management system market globally is likely to develop significantly in the near future, owing to increased need for business automation and analytics, improved security and risk management, and increased worry about fraud-related activities. Over the last few years, the sector has seen considerable advancements in terms of technology and the gaming experience provided to consumers. Casinos rely significantly on client retention and strive to improve service quality in order to provide a more personalised experience.
Casino Management System Market - Segment Overview
The Casino Management System market is divided into different segments as by the application. Here the largest market share and sub-segments are given below.
Casino Management System Market - Regional Analysis
During the projected period, Asia Pacific (APAC) is expected to have the highest CAGR in the worldwide Casino management system market, owing to its advanced and dynamic adoption of new technologies. APAC is made up of significant economies like China, Japan, Singapore, Australia, and New Zealand, all of which are predicted to grow rapidly in the casino management system market.
The APAC area has experienced massive economic expansion, political transformations, and social shifts in recent years. More IT solutions and systems are being installed in these new casinos. Companies operating in APAC will profit from the region's flexible economic conditions, government-driven industrialization programmes, and the expanding digitalization, which is predicted to have a big impact on business community.
International Game Technology (IGT); Konami Corporation; Micros Systems, Inc.; LGS; Honeywell International, Inc.; Aristocrat Leisure Limited; and Next Level Security Systems, Inc. all compete fiercely in the Casino Management System Market. To expand their market presence, these Casino Management System Market players concentrate on mergers and acquisitions, as well as joint ventures and collaborations.
List of Competitive Companies
This Casino Management System Market report provides all the information about the growth of the global Casino Management System market in the forecast period. There are different sections available that help to get in-depth information such as opportunities, challenges, drivers, COVID 19 analysis, regional analysis, competitive landscape, and others. All of the information is gathered from primary and secondary sources to provide the expected Casino Management System Market growth of Casino Management System by 2027.
|Market Size||USD 7-8 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, Component|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Advansys, Agilysys, Avigilon, Bally Technologies, Bluberi Gaming Technologies, Ensico Gaming D.O.O., Hconn, Honeywell, International Game Technology, Konami, Lodging and Gaming Systems (Lgs) Micros Systems, Next Level Security Systems (Nlss), Tcsjohnhuxley, Wavestore, and WIN Technologies Limited|
|Key Market Opportunities||Government initiatives to build casino houses in developing nations such as Japan and Philippines.|
|Key Market Drivers||
At 13% CAGR, the casino management system market can value at USD 8 Bn by 2023.
Avigilon, Bally Technologies, Ensico Gaming D.O.O., and Bluberi Gaming Technologies are key players of the casino management system market.
Blockchain and AI are disruptive technologies that are deployed in casino management system.
In 2017, the global market of casino management valued at USD 4 Bn.
The growing inclination towards gambling in the North American countries is expected to cause the regional casino management system market soar.