The market estimated at USD 2.94 billion in 2015 is projected to reach USD 6.09 billion by 2020, at a CAGR of 15.68% over the forecast period. Casino management systems include software and hardware for the purpose of tracking players, analyzing behavior, cash and accounting, security and surveillance or a combination of these.
The casino management systems market is driven by the growth in the number of casinos due to rising worldwide income and higher acceptance of gambling among people. Escalation of international tourism, digitization, and growth in the gaming industry are leading to increased opportunities for casinos to expand horizontally. However, the gambling industry is controlled by stringent regulatory norms and fails to find acceptance in many countries. Casinos remain a first world phenomenon. The industry has a significant hold in the USA (with Las Vegas being the hub); Macau and Japan are other emerging markets. Another challenge faced by the industry is the rise of online casinos which let people play without leaving the comfort of their homes.
The casino management system industry is segmented by type of end-user into small & medium casinos and large casinos. The industry is further segmented by purpose of the system into accounting and cash handling systems, security and surveillance systems, hotel management, analytics, player tracking systems, media management systems and marketing and promotions. Market studies indicated that most products in the market offer a combination of two or more of the aforementioned segments as the needs of each casino are different and companies want to offer customized solutions.
Regionally, North America occupies the largest consumer base in the world. Relatively higher income and a free, more acceptable society have made this region the most powerful market.
Key Market Players
The major companies dominating the industry are:
Key Deliverables in the Study