The global slot machines film market is currently valued at almost USD 12 billion in 2016 and is expected to reach around USD 22 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global slot machines market, under its media and entertainment services portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Aristocrat Leisure, NOVOMATIC Group, Galaxy Entertainment Group, IGT, and Scientific Games.
According to Sharan Raj, a lead analyst for media and entertainment services research at Technavio, “Prominent online shopping sites, such as Amazon and eBay, have started selling slot machines as the online market for slot machines has a significant growth potential. Online retail of slot machines allows manufacturers to customize revenue generation models like bidding and cost-per-click to generate higher revenues.”
The demand for high-quality slot machines, such as progressive slot machines is on the rise on a global scale. However, setting up manufacturing units in various countries, such as the UK, Japan, and Germany, is cost intensive for the manufacturers. This is spurring an increase in preference among manufacturers and casino owners for the trading of technologically advanced equipment online. Casino owners can choose from a diversified product portfolio, while manufacturers can earn additional revenues through their exports.
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Increasing popularity of reconfigurable electronic gaming machines
Reconfigurable gaming machines allow the user to play different games through the installation of different gaming software, unlike older versions of slot machines. The preference for these electronic gaming machines is rapidly increasing as they are user-friendly and easily upgradeable. Modern casinos across the globe are increasingly installing reconfigurable electronic gaming machines owing to such advantages.
Adoption of virtual reality in the gambling market
The integration of virtual reality in gambling is gaining traction in the global market. The adoption of VR in the gaming market is still in its nascent stage as there are a limited number of vendors adopting the technology. SlotsMillion, an online gambling provider, is one of the few vendors that have entered the VR casino market. CasinoVR provides VR Poker for VR headsets, such as Gear VR and Oculus Rift. NetEnt and Microgaming provide VR solutions for the gambling industry.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Slot Machines Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Casino Gaming Equipment Market 2017-2021
- Global Automatic Boom Barrier Market 2016-2020
- Global Online Gambling Market 2016-2020
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