Global Casino Management Systems Market Size, Share, Products, Alliances, Recent Contract and Financial Analysis, Forecast to 2024

 

This report helps to analyze competitive developments such as Joint Ventures, Strategic Alliances, Mergers and Acquisitions, New Product Developments, And Research and Developments in the “Global Casino Management Systems Market”.

What does this “Casino Management Systems Market “report offers:
– The market estimate (ME) sheet in Excel format
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Market Overview

The Global Casino Management Systems Market was valued at USD 4.45 billion in 2018 and is expected to reach a value of USD 10.70 billion by 2024, at an estimated CAGR of 15.78%, over the forecast period (2019-2024).

– Casino management systems include both software and hardware primarily for the purpose of tracking players, analyzing behavior, cash and accounting, security and surveillance, and a mix of all these offerings.

– Every casino requires a comprehensive system of software and hardware, to keep track of daily operations and to maintain a smooth flow of things throughout the working procedure.

– In the developing countries, the increasing dependency on tourism for a major share of the economy has boosted the emergence of casinos, moreover with the governments permitting casinos to set up shop in the country so as to attract a large crowd from international borders has resulted in a positive scenario for both the casinos and the government.

– On the contrary, the rapid rise of online gaming and casinos has challenged the growth of the market, as people are finding it more appealing to experience the gambling and casino experience from the comfort of their homes.

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Scope of the Report

A Casino Management System (CMS) serves as the focal point for the day to day operations and transactions happening in a casino. To make the operations efficient of a casino and manage casino assets, as well as properly monitor the security and surveillance systems in a casino, CMS is incorporated into casino management.

Key Market Trends

Analytics Segment Occupies the Largest Market Share

– Casino operators have terabytes of data with them, which includes customer information. Analytics helps the casino operators to maintain the customer database.

– Analytics today not only records customer database but has evolved to segmenting customers based on profitability, to predict profitability, manipulate customer behavior with specific promotional offers, and marketing campaigns targeted to a specific segment of customers.

– With the use of predictive analytics, casinos can now graph a customer’s value and anticipate the customer’s behavior. With increasing investments in database warehousing technologies, and due to the widespread adoption of loyalty cards, most customer transactions are tracked.

– With increased competition and more housings than before, casinos are laying heavy emphasis on analytics, to compete with one another and ensure they attract more consumers.

– With hundred’s of casinos in the countries having the highest number of casinos it is very important for the casinos to use the data collected by them in a proper way as the competition is very fierce and customer retention is very tough. For instance, the US alone consists of over 1900 casinos which is a cut-throat competition and customer retention and new customer acquisition is only possible by using and analyzing customer data efficiently.

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Asia Pacific to Witness the Highest Growth

– With the growing casino & gaming industry, Asia-Pacific is rapidly emerging as a market on the path to becoming a leader in the world. With Macau, the jewel of this region’s casino industry, and the emergence of Singapore as a center for casinos in the recent past, the growth of casinos is expected to increase in this region.

– Increasing population, along with rising disposable incomes and the influx of tourists, is expected to set the stage for casino management systems in Macau. Macau is the only place in China where gambling is legalized, which further contributes to the growth of the market in this location.

– With Japan on the verge of finalizing the legalization of casinos, the growth of the industry is expected to further increase in the region.

– Major casino operators are also eyeing Japan as the next destination for investment. In India, Goa is the only state with legalized casinos and Himachal Pradesh is also on the verge of legalizing casino business, thus, driving the market for casinos

Competitive Landscape

The global casino management systems market comprises of global and regional players vying for attention in an increasingly competitive market place. The market is mildly concentrated also the emergence of regional CMS vendors and the deployment of flexible pricing schemes have intensified the competitive rivalry.

The major players in the market are International Game Technology PLC, Novomatic AG, Bally Technologies Inc., Konami Gaming Inc. among others.

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Some of the key developments in the area are:

-March 2018 – TCS John Huxley appointed LGS Gaming as a sole supply partner for its products and services in France and the French-speaking Switzerland. This agreement is a part of the company’s strategy to provide local customer support, to ensure the requirements are dealt quickly and efficiently.

Companies Mentioned:

– International Game Technology PLC

– Novomatic AG

– Bally Technologies Inc.

– Konami Gaming Inc.

– Winsystems Inc.

– TCS John Huxley

– Aristocrat Leisure Limited

– Apex Gaming Technology

– MICROS Systems Inc (Renamed Oracle Hospitality)

– Agilysys

– Amatic Industries GmbH

– Bluberi Gaming Technologies Inc.

– Decart Ltd

Major Point of TOC:          

Chapter One: INTRODUCTION

Chapter Two: RESEARCH METHODOLOGY

Chapter Three: EXECUTIVE SUMMARY

Chapter Four: MARKET DYNAMICS

Chapter Five: MARKET SEGMENTATION

Chapter Six: COMPETITIVE LANDSCAPE

Chapter Seven: INVESTMENT ANALYSIS

Chapter Eight: MARKET OPPORTUNITIES AND FUTURE TRENDS

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