written and last updated by
Sam Smith at
19 Jul 2024
Journalist, Editorial Department
The consulting firm Stellar Market Research (SMR) has assessed the growth prospects of the global casino gaming equipment market. According to the analysts' report, the industry's value was estimated at $13.13 billion (1.16 trillion rubles) in 2023. The market is expected to grow at an average annual rate of 5% from 2024 to 2030, ultimately reaching approximately $18.48 billion (1.63 trillion rubles).
As of 2024, SMR reports that there are 5,098 companies operating in the gambling and iGaming sectors worldwide, marking a 5.2% increase from 2023. The United States remains the largest market, with over 2,000 casinos in operation. The growing number of casinos is driving demand for gaming equipment and supporting rapid industry growth.
Researchers note that advanced technologies are making a significant contribution to the growth of the casino equipment market. In particular, analysts highlight the impact of predictive artificial intelligence in gaming. AI utilizes user data to tailor offerings and features, creating unique experiences while also aiding in responsible gaming initiatives.
The SMR report indicates that the rise of online platforms and cryptocurrency payments further fuels market growth. Additionally, poker and other skill-based games present opportunities for the introduction of specialized equipment.
Founded in 2018 in India, Stellar Market Research currently collaborates with over 335 brands across more than 25 industries, with the data provided by its analysts achieving an accuracy rate of 94%.
Notably, residents of the Netherlands, Jersey, and Malta are the most active in Europe when it comes to searching online for terms related to iGaming.
