Global casino management system market is expected to grow at significant pace owing to increasing demand for gaming, higher acceptance of casinos and increasing social acceptance for them. Furthermore, increasing global population base, growing adoption of an urbanized lifestyle and growth of the International tourism market are factors contributing towards expected growth.
A modern casino offers several services apart from the conventional avenues to visitors that include lodging, hospitality, and dining. Due to these add-on services, casinos are attracting more customers that translated into more business. Casino’s revenue generating ability depends on the seamless management of a vast number of gaming machines and other gaming stations while maintaining continues ledgers and progressive money movement tracking. Furthermore, surveillance and security capabilities are very critical for the proper functioning of any casino owing to the substantial amount of money involved on a day to day basis. Any casino all critical need for surveillance and security in any casino. Maintenance of databases associated with the proper functioning of all these functions coupled with storage and analysis of data about their visitors, integrated have drawn growing demand for casino management systems. There is some different analytical and integrated CMS available that provide software and tools that help casino understanding their customers’ behavior, manage casino assets while maintaining the required security and surveillance. These systems are also developed to reduce the human interference to reduce risks of security breaches.
Need for security and surveillance is an important impact factor expected to drive growth in demand. The transactions done on casino floor are monetary in nature. Therefore, to avoid any incidences, they make a massive investment in security and surveillance tools so as to ensure a safe environment.
Several manufacturing companies are engaged in designing software for the safety purposes in a casino. Casino security software available in the market have other management related components integrated into single implementation systems. Some of the CMS run using central servers that manage data wherein it is stored, and the collection of information and is available to security managers and personnel at varying levels of security clearance.
The market is composed of analytics, surveillance and security and, management systems. Analytics in the casino industry is classified into predictive analytics and video analytics. The management system is further categorized into cage management, customer management, and floor management. Surveillance and security are segmented into access control systems, alarm systems, and video surveillance.
Regionally, the market is classified into North America, Europe, Asia-Pacific, the Middle East and Africa and, Latin America. North America was observed to account for the largest share of revenue Europe owing to the increasing advanced information technology and communication systems, growing number of software deployment and direct contribution of income to the market.
Asia-Pacific is forecasted to observe the fastest growth over the forecast period due to the rising disposable income level and increasing the standard of living. In addition, rising investment in the casino industry and growing number of population base are factors attributing towards the growth of the market in this region.
The major vendors in CMS market are Bally Technologies, Wavestore, Avigilon, Advansys, Honeywell, Next Level Security Systems, Micro Systems and Konami. Other prominent vendors include Cyrun, Casinfo Systems, Intercard Inc., HCL Technologies, Dallmeier, International Gaming Technology, Bluberi Gaming Technologies and Lodging And Gaming Systems.
Most of the vendors are anticipated to expand their product portfolios to increase their market share and their competitive advantage.
On March 14, 2016, International Gaming Technology PLC, which is the global leader in gaming, has announced its agreement with Little Creek Casino Resort to deliver its casino management system. Which includes IGT Advantage Systems with media manager and floor-wide service window improved by Point Play and Xtra Credit applications The mission is to deliver the best casino experience and easy access to facilities that enhance their entertainment experiences to the customers in Washington.
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