Global casino industry was badly hit by the economic recession of 2008. However, the market is steadily showing great signs of improvement, which is evident in the increasing number of casinos and visitors at the casinos located in various parts of the world. As opposed to the original nature, today’s casinos has included many other facades to their services, which include restaurants, hotels, shopping centers and gaming centers at the tourist attractions. In order to keep a tab on these increasing activities, the owners need strong casino management systems. These computerized systems are highly advanced and ideal to mechanically manage various activities and revenue channels. This very fact is driving today’s global casino management systems market at impressive rate.
Global casino management systems market is largely segmented into three sections, which include analytics, management systems and surveillance and security. The market is also segmented based on geographic regions. Based on geography, the industry is divided into North America, Latin America, Asia Pacific, Europe and Middle East and Africa. On the basis of management systems, the industry is categorized into customer management, cage management, floor management, asset or property management and other systems. Security and surveillance segmented is categorized into video surveillance, alarm systems and access control systems. Analytics in the industry include video analytics and predictive analytics.
Market Forecasts Until 2018
Although it is hit by recession, the number of casino visitors is on the rise since past few years. According to the reports, the global casino market has crossed the value of $100 billion in recent past. Boost to the tourism industry, rising standard of living and inclusion of numerous other activities besides gambling are driving more and more customers to the casino industry. These are also the driving factors for the global casino management systems market. According to the market research reports, the global industry is poised to grow at an estimated CAGR of over 15% from 2013 and become worth $4.53 billion by the end of 2018. In 2013, the CMS market was worth $2.21 billion.
Based on geographic demands, North America and Europe are expected to be the dominating regions, which will be followed by Asia Pacific, Latin America and Middle East and Africa. Increasingly advancing information technology and communication systems are expected to play a vital role in the growth of global CMS market. Increasing number of software deployment, rising investments in casino market and direct contribution of revenue and advancements to the market are the strongest drivers for the growth in global industry.