Casino management systems (CMS) are electronic systems used to monitor individual tables, individual performances, cash balance, and player tracking. Casino management system offers an integrated tool to manage assets, point-of-sales, security & surveillance, and other operational transactions.
Major factor driving growth of the global casino management systems market is increasing preference towards gambling and online gaming. Additionally, growing social acceptance for casinos in both developed and developing economies is another factor expected to propel growth of the global casino management systems market over the forecast period.
High costs associated with implementation of CMS and growing concerns regarding data security are major factors restraining growth of the global casino management systems market. In addition, stringent regulations restricting gambling in some developing countries is another factor expected to hamper growth of the target market over the forecast period.
The global casino management systems market is segmented on the basis of product, component, end user, and region. On the basis of product, the market is divided into video surveillance systems, access control systems, alarm systems, and others. On the basis of component, the market is divided into hardware, and software. On the basis of region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market accounted for highest market share in terms of revenue in the global market, as compared to that of markets in other regions. This can be attributed to increasing number of casinos and high social acceptance for casinos in countries in the region. The market in Europe is projected to register second-highest revenue share contribution in the target market, followed by markets in Asia Pacific and Latin America. The market in Asia Pacific is expected to witness considerable growth and is expected to register highest CAGR of XX.X% over the forecast period.
Prominent players in the global casino management systems market include Bally Technologies, Inc., Avigilon Corporation, Honeywell International Inc., Konami Gaming, Inc., Cyrun Corporation, Casinfo Systems, HCL Technologies Limited, Dallmeier electronic GmbH & Co.KG, Aristocrat Technologies Australia Pty Limited, and LGS Casino Management Systems.