DUBLIN--(BUSINESS WIRE)--The "Casinos - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Casinos is estimated at US$163.6 Billion in 2023 and is projected to reach US$224.1 Billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030.
The growth in the casino market is driven by several factors that highlight the dynamic nature of this industry. Firstly, the proliferation of digital technology and internet access has facilitated the rise of online casinos, broadening the market by reaching players who prefer the convenience of remote gaming. Secondly, the expansion of legalized gambling in various regions, including the United States and parts of Asia, has opened new markets and attracted significant investment in casino infrastructure. Consumer behavior trends, such as the increasing demand for integrated entertainment experiences, are also driving growth, with casinos evolving into multifaceted leisure destinations.
Additionally, advancements in gaming technology, including VR and AR, are creating new opportunities for innovation and attracting younger, tech-savvy customers. The growing emphasis on responsible gambling practices is enhancing the industry's reputation and encouraging more sustainable growth. Lastly, the rise of e-sports and digital betting platforms is introducing new revenue streams and expanding the traditional casino audience. These factors collectively ensure the continued growth and evolution of the casino market, adapting to changing consumer preferences and technological advancements.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Gambling Machines segment, which is expected to reach US$108.4 Billion by 2030 with a CAGR of a 5%. The Gaming Tables segment is also set to grow at 4.4% CAGR over the analysis period.
Market Trends & Drivers
- Online Casinos Propel Growth Prospects in Overall Casinos Market
- Gambling Apps Contribute to the Rising Popularity of Online Casinos
- More Payment Options & Welcome Bonuses
- Slot Streamers Gain Popularity in Online Casinos
- Video Game Themes in Online Slots
- Responsible Gambling Comes to the Fore
- Volatile Slot Machines with High Rewards Grow in Favor
- Cyberattacks Emerge as a Key Concern for Online Casinos
- DDoS Attack: Potent Cyber Threat to Online Casino
- Monumental Advances in Mobile Technology Drive Popularity of Mobile Casinos
- Smartphone Proliferation Presents an Opportunity for Mobile Online Casinos
- Changing Consumer Gambling Habits and Demographics Impact Casinos Market
- Online Casinos Attract Broader Demographics
- Growing Participation of Women in Casinos
- Relaxation in Gambling Regulations and Legalization of Gambling in Several Nations Augur Well for Casinos
- Gambling Laws in Select Countries
- Casino Tourism: The Close Relation Between Casinos and Tourism Industry
- Cryptocurrency to Play an Increasing Role in the Gambling World
- Social Casinos Market Poised to Make Healthy Gains
- Online Casinos Vs Social Casinos
- Slot Machines: A Popular Casino Gambling Activity Worldwide
- New Table Games Become an Attraction for Casino Gamblers
- A Glance at Select New Table Games Introduced in Brick and Mortar Casinos
- Advancements in Table Games Vital to Improving Customer Experience and Revenue Generation
- Use of Smartwatches for Placing Bets and Improve iGaming Experience Gains Traction
- Smartwatch Popularity Augurs Well for Smartwatch Casino Gaming Market
- Casinos Leverage on IoT Analytics to Gain Competitive Edge
- Blockchain Technology Brings in a Revolution
Casino Trends Poised to Transform Casino Industry in the Future
- Bigger Slot Machines
- Gamification
- Skill-based Games
- In-Play Wagering and Bar Top Gaming
- New Options for Differentiation
- Live & Interactive Gaming
- GPS & RFID for Targeted Advertising
- Technology Innovations Shape the Casino Industry
- Data Analytics Assist in Improving Experience of Casino Gamers
- Growing Investments into VR and AR Technologies
- Artificial Intelligence & Robotics
- Innovative Graphics for New Game Designs
- Blockchain and Cryptocurrency Bring in Cashless Transactions
- Growing Role of Internet and Mobile Technologies
- Chatbots for Customer Support in Online Casinos
- Wearable Technology & Innovative Marketing
- Security and Crime: Key Issues Ranking High on Priority of Casinos
- Physical and Online Casinos Focus on Improving Security of Operations
Key Questions Answered:
- How is the Global Casinos Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Codere, S.A., Dallmeier Electronic GmbH & Co. KG, Casino Secret, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors Featured:
- Codere, S.A.
- Dallmeier Electronic GmbH & Co. KG
- Casino Secret
- Casino Del Tormes
- Comercial De Alimentos S.A.
- Efes Club Limited
- Crane Payment Innovations (CPI)
- 888 Holdings PLC
- Bee-Fee Ltd.
- Casino di Venezia Gioco S.p.A.
- Casino City Press
- cactusmedia publishing pty Limited
- Atresmedia Corporation De Medios De Comunicacion, S.A.
- BroadSpec Inc.
- Celgene Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 425 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $163.6 Billion |
| Forecasted Market Value (USD) by 2030 | $224.1 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/oaorg6
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