Global Slot Machine Market 2018-2022 | Popularity of Reconfigurable Electronic Gaming Machines to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 4, 2018--The global slot machine market is expected to post a CAGR of close to 16% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global slot machine market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is increasing online sales of slot machines. The boom in the e-commerce market has enabled many slot machines manufacturers to sell their products through various online portals. These vendors also cater to the customers’ requirements of a customized slot machine. The demand for high quality slot machines has been increasing globally, and it varies depending on the region and the type of casino. For instance, slot machines with gambling games like poker are popular in gambling hubs in the US, Europe, and China. A few casinos in these regions opt for high-quality slot machines with different themes. Thus, manufacturers and casino owners prefer trading technologically advanced equipment via the online platform. Thus, the online platform will enable the increased sales of these devices, in turn driving the growth of the global slot machine market.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the popularity of reconfigurable electronic gaming machines as one of the key emerging trends in the global slot machine market:
Global slot machine market: Popularity of reconfigurable electronic gaming machines
Electronic gaming machines are gaining traction in modern casinos as they are user-friendly and can be easily upgraded. Leading vendors such as Apollo Games provide reconfigurable and customizable slot gaming terminals. Such slot gaming terminals can be used to play different types of slot games and are reconfigurable. This enables casinos to upgrade their slot machines based on various popular themes and trends. Such reconfigurable machines are gaining traction and are replacing the older mechanical slot machines. This helps in reducing the inventory cost for vendors and is a key trend being witnessed in the global slot machine market.
“A gradual shift in the demand from ordinary slot machines to advanced slot machines is being witnessed in the slot machine industry, as the latter offers configurable options to the casinos, wherein the game theme, prize money, and other aesthetics of the slot machine can be changed. Most of the existing and new casinos are replacing their prevailing slot machines with these advanced slot machines. Therefore, advanced slot machines are gaining popularity and will boost the growth of the global market,” says a senior analyst at Technavio for research on media and entertainment services.
Global slot machine market: Segmentation analysis
This market research report segments the global slot machine market by type (digital and mechanical) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share close to 39% of the market share, followed by EMEA and APAC respectively. During the forecast period, the Americas is expected to show the highest incremental group followed by the APAC region.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: ENTERTAINMENT CASINO/GAMING
SOURCE: Technavio Research
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PUB: 10/04/2018 12:03 PM/DISC: 10/04/2018 12:03 PM