Casino Management Systems Market Set to Double by 2028, Reaching a Whopping $14.8 Billion, Driven by Advanced Security Needs and Online Gaming Surge
Dublin, Sept. 20, 2023 (GLOBE NEWSWIRE) -- The "Casino Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to * ResearchAndMarkets.com's* offering.
The global casino management systems (CMS) market achieved a significant milestone in 2022, reaching a market size of US$ 7.5 billion. According to industry experts, this growth trajectory is expected to continue, with the market projected to reach US$ 14.8 billion by 2028. This upward trend reflects a robust compound annual growth rate (CAGR) of 11.4% during the forecast period from 2023 to 2028.
Casino management systems are specialized software used to manage and streamline various operations within a casino environment. These operations encompass slot monitoring and ticketing, cashless gaming, e-gaming platforms, radio frequency identification (RFID) table monitoring, race and sports books, promotional kiosks, food and beverage point of sale, third-party cashing, general ledger, and data warehousing. CMS eliminates manual processes while enhancing asset tracking accountability and surveillance capabilities. It allows for centralized monitoring of all casino sites from a single location.
*Casino Management Systems Market Trends:*
The market is experiencing substantial growth due to the increasing need for advanced security solutions in the casino industry to combat fraud and theft. Additionally, CMS solutions are being adopted to manage financial transactions securely, which is a key driver of market growth. Furthermore, the rising popularity of online casinos, offering extensive gaming options and bonuses, has led to increased demand for CMS solutions.
Casino operators are also using these systems to enhance operational efficiency and performance by gathering and analyzing demographic information about customers' spending behaviors and gaming patterns. Government initiatives to legalize casinos in various countries are creating attractive opportunities for industry investors worldwide, supported by the social and economic benefits associated with casinos. Other growth factors include rapid digitalization, rising disposable incomes, and the proliferation of gaming clubs worldwide.
*Key Market Segmentation:*
The report provides an in-depth analysis of key trends within each sub-segment of the global casino management systems market. The report includes forecasts at the global, regional, and country levels for the period from 2023 to 2028. The market is categorized based on components, applications, and end-users.
*Components:*
· Solution
· Service
· Consulting
· Deployment and Integration
· Support and Maintenance
*Applications:*
· Accounting
· Security and Surveillance
· Hotel and Hospitality Management
· Analytics
· Player Tracking
· Digital Content Management
· Marketing and Promotions
*End-User:*
· Small and Medium Casinos
· Large Casinos
*Regional Breakdown:*
· North America
· United States
· Canada
· Asia-Pacific
· China
· Japan
· India
· South Korea
· Australia
· Indonesia
· Others
· Europe
· Germany
· France
· United Kingdom
· Italy
· Spain
· Russia
· Others
· Latin America
· Brazil
· Mexico
· Others
· Middle East and Africa
*Competitive Landscape:*
The report offers a comprehensive analysis of the competitive landscape, featuring key players in the industry.
*Companies Mentioned*
· 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.
· Win Technologies Limited.
*Key Questions Answered in This Report:*
1. What is the current size of the global casino management systems market?
2. What is the projected growth rate of the global casino management systems market from 2023 to 2028?
3. What are the primary drivers fueling growth in the global casino management systems market?
4. How has COVID-19 impacted the global casino management systems market?
5. What is the market breakdown based on the component?
6. How is the global casino management systems market segmented by application?
7. What are the key end-user segments in the global casino management systems market?
8. Which regions are key markets for casino management systems?
9. Who are the major players and companies in the global casino management systems market?
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 139
Forecast Period 2022 - 2028
Estimated Market Value (USD) in 2022 $7.5 Billion
Forecasted Market Value (USD) by 2028 $16.8 Billion
Compound Annual Growth Rate 14.4%
Regions Covered Global
For more information about this report visit https://www.researchandmarkets.com/r/a0dbdt
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
*Attachment*
· Global Casino Management Systems Market
CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood,Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900