UA-145931898-1

Electronic Table Games Market Revenue, Region, Country, and Segment Analysis & Sizing For 2020–2027

Comments · 500 Views

According to the current analysis of Reports and Data, the global Electronic Table Games market was valued at USD 2.93 Billion in 2019 and is expected to reach USD 4.59 Billion by the year 2027, at a CAGR of 5.94%.

According to the current analysis of Reports and Data, the global Electronic Table Games market was valued at USD 2.93 Billion in 2019 and is expected to reach USD 4.59 Billion by the year 2027, at a CAGR of 5.94%. The projected growth of the market is driven by the advancement of technology in casinos and bars and the transition of consumer preferences to more efficient and accurate systems of gaming. Electronic Gaming Tables result in the consequent optimization of the costs incurred by casino operators and increase the payout and the number of times the game is played in an hour. The industry growth is derived from the demand for recreational activities in emerging economies where gambling and gaming are being accepted with regulative legislations. The games which are commonly played using EGTs are Roulette, Blackjack and Baccarat and are accessible to players and enthusiasts from various income categories.

The ETG is a technical advancement infused into traditional gaming tables that provide an interface for players to play longer games with better and objective pay-offs. The improvements in technology can be traced from the introduction of ‘fixed-odds machines’ and the use of the internet by corporates to involve in online betting. The revolutionized gambling experience with larger panels and accommodation of a higher number of players has enabled the studio-based set up which has attracted a younger audience who stimulated by shared audio-visual experiences. Hybrid games combine the ease and speed of electronic gaming with the use of traditional slot machines. The games are found to be accurate as each movement of the players is carefully registered and calculated and the pay-off is analyzed using player algorithms. The rejuvenation of the gambling industry However, the industry is tied by stringent regulations which vary in different markets globally. The use of digital kiosks and the online gambling experience was able to optimize the staffing and operation cost of casinos, making it more compact and spacious for owners to provide a wide variety of experiences such as DJ and screening.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3292

Further key findings from the report suggest

  • The ETG market has been forecasted to attain a CAGR of 5.98% by the end of the forecast period in 2027. This growth is primarily derived by the broad market evolving in emerging economies and the acquired taste for gaming and gambling and in search of shared experiences
  • The Industry for ETG is propelled by the audience who are visually stimulated and are looking for accurate pay-offs with minimum bets which are offered by electronic casinos.
  • Based on type the market, the Blackjack game type is projected to attain a market revenue of USD 1699 Million during the forecast period. Dealing and payouts in Blackjacks are both done more faster while errors are reduced. Plus, ETGs offer an enhanced feeling of privacy and security over traditional games. As the industry is moving at a higher pace, the demand for Blackjack ETG is projected to offer good industry revenue during the forecasted time period.
  • The augmenting growth factor of the industry includes the cultural acceptance of Casinos manifested in the form of liberal guidelines that regulate the casinos and gambling environment.
  • The upgradation of technology in bars and restaurants to engage a young and technologically stimulated crowd has augmented the growth. For instance, the adoption of technologies such as optical scanning technology and RFID has contributed to the sprinting growth of the industry.
  • The Asia Pacific regions are expected to witness a rewarding growth, emerged as the fastest-growing industry, with the highest CAGR of 6.84% during the forecast period. Increasing per capita incomes in developing nations such as China and India and the need to feed the mass demand for gaming and gambling has propelled the market growth.
  • The players involved in strategic partnerships are planning to expand their footprint in foreign markets. For instance, Aruze gaming partnered with Quixant plc, a gaming technology company in Macau introduced a new gambling platform to strengthen its presence in the Asian industry.
  • Key participants include Scientific Games, Aruze Gaming, Weike Gaming, Spintec, Novomatic, AGS, Jackpot Digital, IGT, TCS JOHN HUXLEY and Interblock Gaming

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3292

Report Overview:

Types (Revenue, USD Million; 2017–2027)

  • Blackjack
  • Roulette
  • Poker
  • Sic Bio
  • Baccarat
  • Others

End-Use (Revenue, USD Million; 2017–2027)

  • Casinos
  • Gaming Parlours
  • Others

Key players dominating the global Electronic Table Games market are focusing on development and advancement in software and security technologies to cater to the growing consumer demand. Factors such as rapid economic growth, shifting consumer preference, and rapidly changing market dynamics have also accelerated market revenue growth. The report sheds lights on the key strategic initiatives such as mergers and acquisitions, collaborations, partnerships, product launches, corporate deals, and agreements undertaken by the key companies. The report also offers insights into market share, market size, and revenue growth in key regions of the globe.

Regional analysis covers:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Russia
    • U.K.
    • Germany
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East Africa
    • Saudi Arabia
    • U.A.E.
    • Israel
    • Rest of MEA

To know more about the report @ https://www.reportsanddata.com/report-detail/electronic-table-games-market

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.

Have a Look at Related Reports:

Industrial Control Systems (ICS) Security Market Scope

Digital Remittance Market Forecast

Artificial Intelligence in Sports Market Trends

Voice over 5G (Vo5G) Market Analysis

Software-Over-The-Air Market Size

Contact Us:

John W

Head of Business Development

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Reports and Data | Web: www.reportsanddata.com

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports

Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

 

Comments