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Casino Gaming Equipment Market Thrives with Cutting-Edge Technology and Immersive Experiences, Says Stellar Market Research Analyst

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PUNE, India, July 18, 2024 /PRNewswire/ — The Casino Gaming Equipment Market size was valued at USD 13.13 Billion in 2023, according to the SMR analyst. The total Casino Gaming Equipment revenue is expected to grow at a CAGR of 5% from 2024 to 2030, reaching nearly USD 18.48 Billion by 2030.

The casino industry is rapidly evolving and flourishing as more people become aware of the enjoyment and thrills it delivers. Evolving customer’s choices and preferences and the integration of advanced technologies to provide thrilling gaming experiences like virtual reality and skill-based games are attracting a substantial consumer base. According to the MMR analysis, there are 5,098 Global Casinos & Online Gambling businesses as of 2024, an increase of 5.2% from 2023. With currently over 2,000 casinos, the United States has the largest number of casinos across 44 states in the world. Thus, growing numbers of casinos are driving the demand for casino gaming equipment, supporting the casino gaming equipment market to grow at a substantial growth rate during the forecast period.

With the advanced technology integration in the equipment, the casino game equipment industry has grown significantly. For example, the integration of Predictive AI And Slot Machines in the casinos is shaping the future of the market. The introduction of predictive AI in slot machines has changed the face of casino gaming by providing insights into customer behavior, preferences, and trends. This technology allows for personalized gaming experience, player satisfaction, customer loyalty, and revenue growth. Predictive AI uses player data to customize game offerings and features, to create unique experiences that encourage more playtime. Also, it helps in responsible gambling by identifying at-risk players and casinos can take necessary measures. So AI-driven innovations are setting new benchmarks and driving continuous technological advancements and investments in casino gaming infrastructure.

The SMR’s Global Casino Gaming Equipment Market Report is a comprehensive and in-depth analysis of the market’s size, share, growth, trends, demand, and forecast, with a focus on the most recent developments and industry trends. Regulations imposed by various governments on the casino industry have been analyzed to give a comprehensive understanding of their impact on operations, profitability, and compliance requirements within the sector. competition in the market is analyzed by using PORTER’s five forces analysis as well as PESTLE analysis was carried out to investigate the various factors impacting the market growth. A detailed competitive landscape is provided in the final report including major key players, their position in the market, product offerings, their major end-users, revenue details, their global presence, etc. In addition, recent developments such as mergers and acquisitions, product launches, and geographical expansion are covered to give the overall intensity of the industry.

Global Casino Gaming Equipment Market 2023-2030: Key Highlights

Market Size in 2023:

USD 13.13 Bn.

Market Size in 2030:

USD 18.48 Bn.

CAGR:

5 %

Forecast Period:

2024-2030

Base Year:

2023

Number of Pages:

229

No. of Tables:

138

No. of Charts and Figures:

193

Regional Scope: 

North America, Europe, Asia Pacific, and Africa, South America

Report Coverage: 

Market Share, Size, and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.stellarmr.com/report/req_sample/Casino-Gaming-Equipment-Market/205 

Market Overview

Technological advancements and the legalization of gambling throughout some most important countries which include the US, the UK, Canada, Germany, the Netherlands, Australia, and Ireland, brought about high sales growth inside the gaming enterprise. Casinos now utilize a wide variety of gaming gadgets past traditional tables, slots, and dice, along with machines observed in department shops and amusement venues. The increasing international reputation of gaming has driven the need for top-notch casino devices, particularly in North America and Europe where the industry is expected to grow at a CAGR of 5.1% and 5.8%, respectively, through 2030.

A rise in disposable income amongst customers, mainly in developing countries, has created a boom effect on the casino industry. The number of clients visiting casinos has received momentum in the past. Consequently, casino establishments have expanded all around the globe, increasingly demanding high-quality casino types of equipment. Technological traits which include virtual reality (VR), augmented truth (AR), and cellular gaming are enhancing participant engagement and increasing marketplace possibilities.

The shift towards online gambling and the acceptance of cryptocurrencies for transactions further fuel market growth. Additionally, skill-based gaming like poker and e-sports presents opportunities for specialized gaming equipment. Vendors in the market are expanding their product portfolios and launching new products to attract more customers. Advanced display solutions and electronic gaming machines are gaining popularity for their ease of use and upgradeability. Companies like Everi and NOVOMATIC have introduced innovative products with enhanced functionalities, driving market growth.

Competitive Landscape

The casino gaming equipment market is highly competitive due to the rapid pace of innovation driven by increasing demand for diverse gaming options. Digitization has accelerated the release of new game variations, expanding market offerings and attracting different demographics. Traditional casinos have evolved, maintaining their core elements while integrating modern technologies. The market now features a vast array of games, categorized into broad types like Table Games (e.g., blackjack, baccarat, roulette, craps), which simplifies choices for users. Providers and developers have to continuously innovate to stay ahead, leading to a dynamic and competitive environment where new entrants and established leaders vie for market share through technological advancements and varied gaming experiences. Some of the major casino gaming equipment manufacturers are

NovomaticAristocrat LeisureGalaxy EntertainmentAmatic IndustriesAinsworth Game Technology Ltd.APEX Gaming TechnologyEveri Holdings Inc.Universal EntertainmentKonami Gaming, Inc.Scientific Games CorporationInterblockTCSJOHNHUXLEYInternational Game Technology PLCGaming Partners International CorporationCasino TechnologyAruze Gaming America, Inc.

What’s New: Recent Additions and Updates

Technological AdvancementsNew Streaming Partnerships and PlatformsInnovative Marketing StrategiesFinancial Performance and InvestmentConsumer Behaviour and TrendsRegulatory Changes and Challenges

For more details on the information, Request a sample report: https://www.stellarmr.com/report/req_sample/Casino-Gaming-Equipment-Market/205 

Segment Overview: SMR has segmented the market based on     

By Product

Slot MachineVideo Lottery TerminalVideo Poker MachineOthers

By Installation

Installed Inside CasinoInstalled Outside Casino

Detailed segmentation analysis including segment market size, share, growth rates, growth factors, etc. is provided in the final SMR report.

Inquire Before Buying: https://www.stellarmr.com/report/enquire_now/Casino-Gaming-Equipment-Market/205 

Geography Overview

North America dominated the casino gaming equipment market in 2023 with the highest revenue. The American Gaming Association (AGA) published the institution’s annual file on the industry in October 2023, estimating that gaming and casinos had a positive economic impact of USD 328.6 billion, which covered growing 1.8 million jobs; USD 104 billion in wages and salaries; and USD fifty-two.7 billion in tax sales to federal, state, and neighborhood governments. However, the Asia Pacific region is predicted to develop at the fastest CAGR and provide substantial revenue growth potentials for the marketplace players during the forecast period. Macau, China, India, Singapore, Philippines, Malaysia, etc. are some of the predominant countries within the casino gaming enterprise.

The upward push of luxury gaming in India, particularly in Goa, is substantially boosting the tour and tourism sector. With domestic tourism swiftly increasing and a regular influx of foreign vacationers, the casino industry is poised for rapid increase within the country. Goa, a top destination for online casino gaming, draws a various crowd looking for upscale entertainment. This trend is driven by the growing disposable earnings and greater connectivity. India’s tourism quarter is predicted to develop annually by 6.7%, advantages from the economic impact of casinos, which make a contribution to neighborhood economies through taxes and charges. Streamlined regulatory frameworks are predicted to enable India to turn out to be a worldwide gaming hub, notably enhancing the casino gaming device market and boosting the overall tourism enterprise.

In the final report, past and future numbers and explanations are incorporated seamlessly to provide a comprehensive understanding of the Global Casino Gaming Equipment market.

Related Reports:

North America Casino Gaming Equipment Market size was valued at USD 3.75 Billion in 2023. The total revenue of North America Casino Gaming Equipment is estimated to grow at a CAGR of 5% and is expected to reach around USD 5.28 Billion by 2030.

North America Online Gambling Market size was valued at USD 30.71 Billion in 2023. The total North America Online Gambling revenue is expected to grow at a CAGR of 9.45% during 2024-2030 and reach nearly USD 57.78 Billion by 2030.

Games and Puzzles Market size was valued at USD 18.40 Bn. in 2023 and the total Global Games and Puzzles revenue is expected to grow at a CAGR of 8.5% from 2024 to 2030, reaching nearly USD 32.57 Bn. by 2030.

US Esports Market size was valued at USD 510 Million in 2023 and the total US Esports revenue is expected to grow at a CAGR of 21.3% from 2024 to 2030, reaching nearly USD 1970 Million.

Sports Sunglasses Market size was valued at USD 4.30 Billion in 2023 and the total Global Sports Sunglasses revenue is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching nearly USD 6.13 Billion by 2030.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting organization with professionals from numerous industries. We provide complete reviews, custom answers, and consulting offerings for our customers. The SMR has published more than 10,000+ reports including sectors such as medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.

Contact Stellar Market Research:
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Pinnac Memories Fl. No. 3,
Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
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AI-Powered Earbuds Transforming North American Smart Offices: Exclusive Insights from viaim CPO at CES 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At CES 2025 in Las Vegas, Liu Da, Chief Product Officer (CPO) of viaim, an AI technology hardware company deeply rooted in the smart office sector, gave an exclusive interview, sharing valuable insights into viaim’s exploration of the field of AI-powered earbuds, its innovative product concepts, and how the technology addresses common workplace challenges in North America. Mr. Liu also delved into the market potential of AI-powered earbuds and viaim’s strategic blueprint for shaping the future of smart offices, especially in the North American market.

North American business professionals have widely embraced remote and hybrid work models. The rise of multilingual communication has fostered a highly digitalized consumer landscape with diverse user needs, particularly for smart office solutions. In response, viaim is dedicated to developing practical AI solutions that alleviate repetitive and tiring office tasks. By addressing the evolving demands of North American professionals with its AI-driven innovations, viaim is advancing its global mission to transform work efficiency and productivity.

Unique advantages of AI-powered smart earbuds

In the interview, Mr. Liu said earbuds, being close to the user’s senses, are seamlessly integrated into daily life and serve as an ideal platform for AI technology. Unlike traditional office hardware, AI-powered earbuds are portable and versatile, fitting various scenarios such as remote meetings, commuting, and entertainment. He highlighted that viaim’s AI-powered smart office solutions position the Company to bridge the gap between people and devices, transforming earbuds from simple audio tools into smart office partners. 

viaim’s technology and design challenges during the R&D  phase

Mr. Liu detailed the challenges the Company faced during the R&D phase, including integrating AI computing power, storage, and sensors into earbuds with limited space while maintaining portability and battery life. He also highlighted the difficulty of balancing human auditory sensitivity with machine signal processing to ensure a natural user experience. To tackle these challenges, viaim employed multi-terminal collaboration, integrating earbuds, apps, and cloud services to ensure seamless voice processing and secure data management tailored to the needs of North American professionals.

Market potential, insights, and positioning in North America

A report from Upwork, the world’s largest work marketplace, projects 36.2 million Americans will work remotely in 2025, marking an 87% increase from pre-pandemic levels. AI-powered earbuds, with capabilities including meeting recording and follow-up task management, cater to the digitalized and multilingual North American market. As remote and hybrid work rises, AI earbuds are becoming vital for workplace efficiency and language learning. viaim stands out with a competitive strategy focused on technological innovation and market segmentation, offering unique value beyond traditional earbud brands.

Future strategy and product vision

Mr. Liu believes technology’s true value lies in solving real-world problems. “When users actively engage with our AI solutions, it demonstrates their true value,” he stated. AI earbuds remain the Company’s core focus, empowering professionals to shift their attention from routine tasks to meaningful creative endeavors. Looking ahead, viaim plans to expand its product lineup to include smart glasses and office accessories, creating a comprehensive AI office ecosystem. The Company aims to rapidly iterate based on user feedback, expanding AI earbuds from niche to mass markets and advancing industry development.

Media Contact: 

Qian Wang
+86-15321782927
wangqian@vision-intelligence.tech

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Steller Unveils Group Trip Planning

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KIRKLAND, Wash., Jan. 10, 2025 /PRNewswire/ — Steller, a video-based, travel planning platform that allows travelers to discover, connect and book based on experiences shared by creators, introduced its most requested feature yet: group trip collaboration. The feature transforms how travelers plan group trips by consolidating everything—discovery, communication, organized planning, and booking—into one platform. 

Steller launches group trip planning, streamlining discovery, communication, and booking into one collaborative platform.

Traditional Trip planning involves multiple surfaces and when traveling with others, multiple communication channels. It is difficult to stay organized when communication is spread across text messages, social DMs, email, etc.  

Steller’s new collaboration feature eliminates communication chaos and streamlines trip planning by offering a central group hub for organizing every piece of the process. Travelers can invite others to join their Trip itinerary, keeping communication, discovery, and booking in one place. With Steller’s library of more than 30 million pieces of user generated travel content, groups can share videos of activities, dining spots, attractions, add notes, and co-create custom itineraries. Flexible itinerary views—list, map, and video—give everyone a complete picture of the plan to share and edit with their travel companions.

“Collaborative trip planning has been a top request from our community.  When we launched Trips by Steller   last January, we knew it would resonate, but the response has far exceeded expectations. In a short time, over 50,000 users have planned and booked trips by incorporating their favorite user-generated travel videos into personalized itineraries. For our destination clients,  Trips by Steller has seamlessly connected travel influencer marketing to planning and commerce. Steller clients see more than 18% of viewers who engage with their influencer campaigns planning trips to their destination—a result that sets a high bar in the travel industry. Adding collaboration to the mix amplifies that impact, inspiring more people to explore, engage and transact together!” said Pete Bryant, CEO of Steller. 

How It Works  

Whether it’s a getaway for two or a large group adventure, collaboration makes organizing travel plans easy with an all-in-one solution. 

Build Your Itinerary Together: Group members can contribute by adding things to do, activities, and notes.Stay Organized: Add notes and structure by day, activity, or group to eliminate confusion.Flexible Views: View your itinerary as a detailed list, on a map, or through video for a fully customizable planning experience.Real-Time Updates: Keep track of changes, additions, and edits made by group members.On-the-Go Access: Everyone can access the itinerary on their phone.

Steller continues to lead the charge in innovative travel planning, ensuring that its platform evolves based on user feedback. Collaborative trip planning is the latest step in its mission to evolve travel. 

About Steller 

Steller, headquartered in Kirkland, Wash., is the market leading travel planning platform that guides travelers from inspiration to planning and booking through authentic experiences of their favorite creators. Steller’s patent pending platform distributes millions of pieces of bespoke, worldwide video content that can be found and booked on the Steller app. Learn more at www.steller.co  and  stellerforbusiness.com

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RAAPID Raises Series A from M12, Microsoft’s Venture Fund to Scale Next-Generation Healthcare Risk Adjustment

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Company reports 300% revenue growth in 2024 and advances partnerships with nation’s leading health systems

LOUISVILLE, Ky., Jan. 10, 2025 /PRNewswire/ — RAAPID, the industry-leading healthcare AI company, announced today a significant Series A investment from M12, Microsoft’s venture fund. This strategic funding positions RAAPID to expand its groundbreaking Neuro-symbolic AI platform that is reshaping healthcare risk adjustment.

RAAPID’s explosive growth – marked by a 300% revenue increase in 2024 – demonstrates the market’s strong validation of its advanced technology platform. The company has quickly established itself as a trusted partner for major health plans and provider., At the core of RAAPID’s success is its pioneering VisionAI technology, which tackles one of healthcare’s most pressing challenges: making sense of unstructured medical data. While over 70% of medical records exist as unstructured data when shared outside EHRs, RAAPID’s AI engine transforms this complex information into actionable insights, enabling unprecedented accuracy in risk capture and care gap identification.

“Our vision extends beyond traditional risk adjustment,” states Chetan Parikh, Founder and CEO of RAAPID. “We’re creating a future where AI augments healthcare professionals’ capabilities, leading to better patient outcomes and more accurate appropriate reimbursements. This investment from M12 accelerates our mission to transform healthcare through advanced AI.”

RAAPID’s purpose-built Risk Adjustment platform has achieved remarkable results:

Slashing chart review time by 60-80%Surpassing industry standards with 95%+ coding accuracyGenerating additional appropriate and compliant revenue per memberImproving risk capture accuracy by 25%

The HITRUST-certified platform stands out for its unique Neuro-symbolic AI approach, combining neural networks with an extensive medical knowledge graph containing over 4 million clinical entities and 50 million relationships. This sophisticated technology enables both retrospective analysis and prospective risk adjustment, helping organizations identify and address care gaps to positively impact patient health.

“Healthcare organizations are increasingly seeking innovative solutions to manage risk and improve care delivery in value-based arrangements,” said Todd Graham, Managing Partner at M12. “RAAPID’s AI-driven risk adjustment platform aligns perfectly with our investment strategy. Through M12, we are committed to providing our portfolio companies with access to Microsoft’s resources and expertise to drive significant impact in the healthcare sector.

Led by a team with over 25 years of healthcare technology expertise, RAAPID has collaborated with experts from the top 4 tech giants in developing its clinical AI solutions. RAAPID continues to push the safe boundaries of what’s possible in healthcare AI. The company’s selection as an M12 portfolio company validates its position as a leader in healthcare technology innovation.

As value-based care becomes increasingly important, RAAPID’s AI-powered solutions are becoming essential tools for healthcare organizations striving to improve timeliness and quality of care all patients expect. With this new funding, RAAPID is poised to further advance its technology and expand its positive impact on patients, providers and payers.

About RAAPID
RAAPID develops AI-powered solutions for healthcare payers, providers, and supporting organizations. The company’s cloud-based risk adjustment platform uses neuro-symbolic AI to identify chronic conditions, determine HCC codes, calculate risk scores, and analyze population health trends. RAAPID serves organizations that participate in Medicare Advantage, ACA, Medicare ACO, and Medicaid programs.

For more information about RAAPID’s AI-powered risk adjustment solutions, visit www.raapidinc.com

CONTACT:
Mayur Vyas
(502) 699-3044
388583@email4pr.com

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