The slot machine market size is expected to increase by $8.9 billion, at progressing a CAGR of 12.14 % from 2020 to 2025 as per the latest market report by Technavio. The advent of innovative slot display solutions is a major trend supporting the slot machine market share growth.
Electronic gaming machines are gaining traction in modern casinos as they are user-friendly and can be easily upgraded. The slot machines currently offered in the market feature signage that is taller, wider, larger, more uniquely shaped, and of higher resolution than the ones previously offered.
For instance, in October 2019, Everi launched its Empire Flex video platform into the slot machine market with a 49-inch flexed display on top of the company’s popular Empire MPX base. It features 4K content, industry-unique flexible integrated light bars, and a large, enhanced glass button deck.
Technavio report extensively covers market segmentation by product (digital and mechanical) and geography (Europe, North America, APAC, South America, and MEA):
- Revenue Generating Segment – The slot machine market share growth in the digital segment will be significant for revenue generation. Digital slot machines are considered highly user-friendly equipment as they provide all the information in a display format of commentaries and help one play without any assistance or help. Such attributes have led to the widespread demand for these machines in casinos.
- Regional Segment – 35% of the market’s growth will originate from Europe during the forecast period. The UK, Italy, and France are the key markets for slot machines in Europe. However, the market growth rate in Europe will be slower than the growth of the market in other regions. The changing regulatory landscape in European countries will facilitate the slot machine market growth in Europe over the forecast period.
The original story is from Technavio and can be read in it’s entirety on their website.
