Research Insights on Global Slot Machine Market Size, Growth & Forecast to 2025

Posted by Marsh William on March 7th, 2019

The Global Slot Machine Market is projected to witness substantial growth in coming years attributed to growing popularity of casinos and gambling across the globe. Slot machines are casino gambling machines having multiple reels that spin when a button is pushed. They validate and detect currency inserted by the player or gambler. The system pays off according to symbols displayed on the front when the reels stop.

Supportive government initiatives to verify legality of service providers is anticipated to propel market growth. Communal welfare funding and employment opportunities offered by casino gambling machines can stimulate growth of market. In addition, revenue generated from casinos can be used for social development, which is further likely to gain traction among local audience. Easy availability of gambling machines on online platforms can boost sales and market revenue in coming years. Increasing use of advanced technologies in these systems, such as virtual reality (VR), can gain traction among consumers.

Moreover, growing adoption of reconfigurable electronic gaming machines among casinos can spur growth of market in coming years. Shifting preference for advanced machines over conventional ones owing to configurable options can positively influence market growth.

Availability of alternatives to earn money rather than gambling can hamper market growth. Launch of new games and mobile applications offering unique features can create lucrative opportunities for the market.

The market can be segmented on the basis of type, technology, and application. Based on type, the market can be bifurcated into digital and manual. In terms of technology, the market can be categorized into video slot, random number creators, computerization, reels, payout percentage, linked machines, and jackpot errors. Based on application, the market can be classified into casinos and others.

Europe is expected to hold the largest share in the market attributed to rising adoption of radical skill based machineries and launch of new and advanced games. For instance, Casino Football launched hundreds of new slot machine games in collaboration with NetEnt and Microgaming. Games, including Cleopatra Slots, Da Vinci Diamonds, and Rainbow Riches are gaining traction among players. The website is mobile friendly as it offers payment methods, such as Paypal and BOKU. In addition, this online casino is licensed by the U.K. Gambling Commission and Gibraltar Gambling Commission. Similarly, Realistic Games launched a new game called Spin Dizzy for players. The game is filled with pots of gold, toadstools, and four-leaf clovers. It also features free spins bonus round, wherein the player can either win a wild symbol or a free spin.

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