The latest research study by IMARC Group, “Casino Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global casino management systems market share. The global casino management systems market reached a value of US$ 6.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 13.32 Billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027.
Casino Management Systems Industry Outlook:
The casino management system (CMS) is software utilized to manage and execute various operations in a casino. These operations include cashless gaming, radio frequency identification (RFID) table monitoring, promotional kiosks, data warehousing, general ledger, third party cashing, food and beverage point of sale and slot monitoring and ticketing. CSM eradicates the need for manual work and increases asset tracking accountability. It also improves surveillance capabilities using centralized platforms that permit all sites to be viewed from a single location.
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Market Trends:
One of the key factors driving the market is the rising instances of fraud and thefts, which has increased the need for advanced security solutions in the casino industry. Additionally, the extensive application of CMS solutions to supervise monetary transactions and secure critical information and technology (IT) infrastructure in casinos is propelling the market growth.
Besides this, the increasing involvement of the masses in online casinos on account of the endless gaming options and bonuses provided is catalyzing the market growth. Furthermore, casino owners are dependent on CMS solutions to enhance their operational procedures and performances. They collect and examine demographic information about the customers to track their gaming and visiting patterns and spending behavior.
Moreover, governments of several nations are taking initiatives to legitimize casinos due to the various economic and social benefits which represent another major growth-inducing factor. Some of the other growth-inducing factors include the increasing disposable incomes of individuals, the rising number of gaming clubs and rapid digitalization.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
o Consulting
o Deployment and Integration
o Support and Maintenance
Breakup by Application:
Breakup by End User:
Breakup by Geography:
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List of Key Companies Covered in this Market Report:
The major players in the market are Agilysys Inc., Amatic Industries GmbH, APEX pro gaming s.r.o., CasinoFlex Systems Internationa Ltd., Chetu Inc., Ensico CMS d.o.o., International Game Technology PLC, Konami Holdings Corporation, Novomatic, Playtech plc, Table Trac Inc. and Win Technologies Limited.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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