Market Research Future (MRFR) has published a Half cooked research report on the “Casino Gaming Equipment Market” that contains information from 2023 to 2032. The Market is estimated to register a CAGR of 5% during the forecast period of 2023 to 2032 and projected to grow at USD 10.54 Billion by 2032
MRFR recognizes the following companies as the key players in the Market — Incredible Technologies Inc, International Game Technology PLC (IGT), Abbiati Casino Equipment S.r.l., Gaming Partners International, Inc., Everi Holdings Inc., Scientific Games Corporation, Novomatic, PlayAGS
Casino Gaming Equipment Market overview
The global casino gaming equipment market size is expected to reach around USD 10.54 Billion by 2032 and is projected to register 5% CAGR during the forecast period.
Casino gaming equipment entails the list of gaming tools employed in casinos and leisure entertainment parks. Manufacture of equipment and their adherence as federal gaming regulation agencies is likely to affect the industry. Introduction of cashless systems, lease of equipment, and deployment of vending machines are factors being considered in the market. The global casino gaming equipment market report by Market Research Future (MRFR) provides a study on the ups and downs of gaming equipment, development of casinos, and competencies of leaders with accurate estimations for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its impact on the industry are explored in the report.
The casino gaming equipment market is a significant segment within the broader gambling and entertainment industry, providing essential tools and machines for casinos and gaming establishments worldwide. Casino gaming equipment encompasses a diverse range of products and technologies, facilitating various casino games and ensuring a seamless and engaging gaming experience for players.
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Competitive Outlook
· Incredible Technologies Inc
· International Game Technology PLC (IGT)
· Abbiati Casino Equipment S.r.l.
· Gaming Partners International, Inc.
· Everi Holdings Inc.
· Scientific Games Corporation
· Novomatic
· PlayAGS
· Konami Holdings Corporation
· Aristocrat Leisure
Segmentation
The global casino gaming equipment market is segmented based on type and application.
· On the basis of type, the global market has been segmented into casino tables, gaming chips, slot machines, video poker machines, and others. The gaming chips segment is expected to witness significant growth in the global market in terms of value during the forecast period. The chips are used as currency in various games and bargained using digital payments.
· On the basis of application, the global market has been segmented into casino, mall, and others. The casino segment is expected to dominate the global market in terms during the forecast period. This is due to the establishment of various casinos and operating licenses provided to gaming commissions.
· On the basis of regions, namely, North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Market Drivers:
Online Gambling:
The rise of online gambling platforms has contributed significantly to the growth of the casino gaming equipment market. With the increasing popularity of online casinos and betting websites, there has been a demand for advanced software solutions and RNGs to ensure fair play and security.
Regulatory Environment:
The casino gaming equipment market is subject to various regulations and licensing requirements, which vary by country and region. Manufacturers and operators must comply with these regulations to ensure the integrity and fairness of casino games.
Technological Advancements:
The casino gaming equipment market has seen continuous advancements in technology, including the incorporation of electronic and digital features into traditional casino games. Innovations in graphics, sound, and interactive elements aim to enhance player engagement and overall gaming experience.
Recent Developments
· Enhanced Online Gambling Experience: The popularity of online gambling has surged due to the introduction of multiple safe payment options. This advancement in technology has made online gambling more convenient and secure for players. The inclusion of various payment methods has expanded accessibility for users, encouraging more people to participate in online gaming.
· Live Gambling Experience: Online casinos now offer a live gambling experience where players can interact with live dealers in real-time. This feature creates a more immersive and social atmosphere, simulating the experience of playing in a physical casino. Players can engage with each other and the dealer, enhancing the overall gaming experience.
· Transition of Casino Games Online: Traditional casino games have also made their way into the online gaming space. Players can now access a wide range of casino games through online platforms, allowing them to enjoy their favorite games from the comfort of their homes.
· Integration of Advanced AR and VR Technology: The adoption of advanced Artificial Reality (AR) and Virtual Reality (VR) technology has revolutionized the casino gaming experience. With AR and VR, players can immerse themselves in interactive gambling environments that closely resemble real-life casinos. The technology provides a 360-degree view of the gaming environment, making the experience more lifelike and engaging.
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