LONDON--(BUSINESS WIRE)--Technavio has been monitoring the slot machine and it is poised to grow by USD 14.09 billion during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
- Mar 24, 2011 Slot machines are the crack cocaine of gambling. Slot machines are powerful revenue-generating forces designed to keep the player spending more money. The innocence of the slot machine attracts the gambler as he walks through the casino but the slot machine addiction has been described as the crack cocaine of gambling.
- But the main problem isn’t just accessibility. Hurricane, West Virginia resident Kelly McFadden says she struggled with gambling addiction off and on for several years. McFadden says in her spare time she would go out to play slot machines and table games. I started doing escape gambling is what I did.
- Slot machine addiction is never about wins. More wins mean even stronger desire to keep at it which if care is not taken entices you invest all you have won and much more. In slot machine gambling, you don’t plan for addiction, a single win is enough to get you hooked.
- Whether a slot addict sits at one machine or many, after 10 hours, we are like a zombie. I have never felt so sick as when I came home from a long day or several days of gambling like crazy. It would take weeks to feel normal. Then at some point I'd go out a gain. At first years ago, I went often.
Slot Machine Addiction Treatment
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As an addictive in recovery, I find a truly unique place in front of a slot machine. It’s an erasure of self (I believe this may be a line in the book) that is deeply therapeutic, and scratches the old itches of drugs and alcohol in what I find to be a safe and enjoyable way. Of course there are problem gamblers. Addictive behaviors tend to develop more quickly in those who participate in more continuous forms of gambling, such as slot machines and other quick casino games. These methods of gambling can cause addiction in as little as a year. For people who choose to bet on horse races or play card games, addictions may develop a few years down the line.
Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- The digital slot machines are expected to be the leading segment based on product in the global market during the forecast period.
- What are the major trends in the market?
- Use of bitcoins in gambling is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 15%, the incremental growth of the market is anticipated to be USD 14.09 billion.
- Who are the top players in the market?
- AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology Plc, Konami Holdings Corp., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants.
- What are the key market drivers?
- Rising number of casinos is one of the major factors driving the market.
- How big is the Europe market?
- The Europe region will contribute 35% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology Plc, Konami Holdings Corp., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants. The rising number of casinos will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Slot Machine 2020-2024: Segmentation
Slot Machine is segmented as below:
- Geographic Landscape
- North America
- South America
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Slot Machine 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The slot machine report covers the following areas:
- Slot Machine Size
- Slot Machine Trends
- Slot Machine Analysis
This study identifies use of bitcoins in gambling as one of the prime reasons driving the slot machine growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Slot Machine 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist slot machine growth during the next five years
- Estimation of the slot machine size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the slot machine
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of slot machine vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Market outlook
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Digital - Market size and forecast 2019-2024
- Mechanical - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Advent of innovative slot display solutions
- Use of bitcoins in gambling
- Growing number of M&A activities
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- AMATIC Industries GmbH
- APEX pro gaming AS
- APOLLO SOFT s.r.o.
- Aristocrat Leisure Ltd.
- Eclipse Gaming Systems LLC
- International Game Technology Plc
- Konami Holdings Corp.
- NOVOMATIC AG
- Scientific Games Corp.
- Universal Entertainment Corp.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE 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.
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