The casino management systems market is expected to hit $13.7 billion by 2025, according to a new report.
MarketsandMarkets on Thursday said the growing societal acceptance of gambling – along with the increasing use of cashless slot machines and server-based gaming – will drive the market’s growth.
The company said the segment was worth $6.4 billion in 2020, and projects a Compound Annual Growth Rate (CAGR) of 16.4% through 2025.
Casino management solutions help casinos run day-to-day operations smoothly and efficiently, MarketsandMarkets noted. These solutions collect information, store them in the database, and reproduce for making decisions at various points. All these solutions are deployed either as an individual system or as an integrated module with other systems in one packaged or bundle offering.
The solution segment holds the highest growth rate during the forecast period, MarketsandMarkets concluded.
The firm said North America includes several prominent market players delivering casino management system solutions to all end-users in the region.
“The US and Canada both have strong economic conditions and are expected to be major contributors to the growth of the casino management system market,” the study’s authors wrote, adding geographical presence, significant R&D activities, partnerships and M&A are the major factors for the deployment of casino management systems and services.
Numerous major vendors are headquartered in the US, the firm noted, including Agilysys, Scientific Games, Oracle, Honeywell, Playtech, Cyrun, IGT, Wavestore, Tangam Systems, and Casino Systems.