Casino management system’s worth to increase
The worth of the market is expected to increase to US$11.7 billion in the next seven years.
US.- A new study by Grand View Research, Inc has indicated that the global casino management system market size is expected to reach US$11.7 billion by 2025. Crucial factors for this growth include a growing demand for the facilities and an increase in social acceptance.
The study indicates that an increasing use of technologically advanced solutions and systems across the casino floor to boost operational efficiency is set to further drive growth in the casino management system market.
In 2016, the US casino market emerged as the highest revenue generating segment and is expected to grow at a CAGr of 13.5% from 2017 to 2025. Despite North America having the biggest growth, the Asia Pacific region will also see a significant growth and will experience the fastest CAGR of 17.0% over the forecast period. Growth in Japan, China, and India will play a key role.
The study shows that a rising number of these establishments and evolving customer preferences towards casino-style gaming will boost the casino management system market over the next nine years. “It involves a multitude of monetary transactions which has resulted in an increase in the number of fraud and spoofing attacks. To safeguard against cheating, fraud and other crimes, operators are heavily investing in security & surveillance solutions to ensure a safe gaming environment across the casino floor. Hence, security & surveillance systems have become a vital component of a casino management system enabling casino operators to monitor and manage security threats in real time.
“Video analytics, license plate recognition, facial recognition and automated surveillance technologies are being implemented increasingly which is expected spur the casino management system market growth,” explained Grand View Research.
