Global Slot Machine Market 2020-2024| Growing Vendor Involvement to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#CasinosandGaming–The global slot machine market is expected to grow by USD 14.09 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report


Vendors in the market are delivering casino-related products and solutions to facilitate casino gambling in casinos. For instance, International Game Technology launched two slot games, namely The Price is Right and Adam Levine at G2E Las Vegas, in the US, in October 2019. Similarly, Scientific Games launched the MUNCHKINLAND slot game as part of its successful THE WIZARD OF OZ slot series in March 2019. Furthermore, vendors are also focusing on increasing the sales of slot machines by expanding their product portfolio with new product launches equipped with improved features. Thus, the growing vendor involvement in introducing new models of slot machines will boost the growth of the slot machine market during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40412

As per Technavio, the use of bitcoins in gambling will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Slot Machine Market: Use of Bitcoins in Gambling

Casinos such as Golden Gate and D Las Vegas support bitcoin transactions as it provides several advantages such as easy deposits, low fraud risks, exemption from transaction fee, international transactions, and quick payments. This enhances the gambling experience through slot machines and thus boosts customer satisfaction. Thus, the use of bitcoins in gambling is expected to showcase a positive outlook during the forecast period.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Slot Machine Market: Segmentation Analysis

This market research report segments the slot machine market by product (digital and mechanical) and geography (APAC, Europe, MEA, North America, and South America).

Europe led the slot machine market in 2019, followed by North America, APAC, South America and MEA. During the forecast period, the region is expected to register the highest incremental growth due to factors such as the changing regulatory landscape, introduction of rules and regulations to legalize gambling, and launch of new gambling services.

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. Request a free sample report

Some of the key topics covered in the report include:

Product Segmentation

  • Digital
  • Mechanical

Geographic Segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]
Website: https://www.technavio.com

 

error: Content is protected !!