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Slot machines are a kind of casino gambling machine with multiple reels that spin when a button is pushed. Slot machines also helps to detect  and validate the currency that is injected to play. The machine pays off in accordance with the symbols visible when it ceases to stop. Ease of government regulations is one of the crucial driving factors for the growth of the slot machines market. Slot machines are one of the major revenue contributors to any country despite stringent government regulations across the globe. Employment opportunities coupled with communal welfare funding is anticipated to propel the demand for slot machines in the coming years. Increasing tax revenues generated from slot machines is a key driving factor for the legalization of online gambling. Government initiatives to verify and check the legality of vendors and offer fair opportunities to other market players is expected to drive the growth potential of the slot machine market. Wide availability of substitutes is predicted to restrict the growth of the slot machines market over the forecast period. Revenue generated from slot machines are likely to stimulate the utilization process of social development and welfare in order to attract the local audience. This in turn is expected to drive the development of the slot machine market over the forecast period. Increasing online sale of slot machines is likely to be one of the driving factors for the development of the market over the forecast period. Rise in popularity of reconfigurable electronic gaming machines is projected to impact the growth of the slot machine market over the forecast period. SlotsMillion, an online gambling provider has introduced the technology and is expected that other players are likely to adopt more new kind of technologies in due course of time.

The slot machine market can be classified by technology into computerization, reels, video slot, random number creators, payout percentage, fraud, linked machines, and jackpot errors, among others. Computerization held the significant market share of the slot machines market in 2016 and is likely to retain its dominance over the forecast period. The processer in the slot machines allow for different probabilities of occurrence of any outcome which authenticates the randomness of any event. This is expected to drive the computerization slot machines segment over the forecast period.

By geography, the slot machine market is segregated into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Europe held the dominant market share in 2016 and is likely to retain its dominance over the forecast period. Replacement of customary gambling machineries with radical skill-based machineries is likely to impact the growth of the slot machine market over the forecast period. Massive amounts of international revenue generated through gaming and gambling is expected to drive the slot machine market over the forecast period. North America is expected to hold a significant share of the slot machine market owing to the rise in popularity of slot machines in this region. Ease of government regulations to fuel the growth of revenue generated through gambling is likely to drive the growth prospects of the market in this region. The U.S. is expected to be the major revenue contributor of the slot machines market in North America by the end of the forecast period.

The slot machines market is highly competitive in terms of price, product differentiation, and game type. Vendors are developing new and innovative business models in order to dominate the market share globally. Increase in the adoption of online gambling through constant innovation is likely to drive the slot machine market over the forecast period. Key players in the slot machine market are IGT, Scientific Games, Galaxy Entertainment Group, Aristocrat Leisure, NOVOMATIC Group, Ainsworth Game Technology, ASTRO Gaming, Gaming Partners International, Konami Gaming, Universal Entertainment, and Everi Holdings, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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