IDIS has found there is a higher demand for advanced video for suppliers due to the new generation of European resort casinos.
Although casinos have been one of the top users of video surveillance technology, the demand for more advanced solutions and video surveillance has risen in recent years, the South Korean video tech manufacturer has found.
A new report on surveillance in the casino sector claims that the new generation of major resort casinos is overtaking luxury hotels, gaming, high-end retail, wellness and leisure facilities in the demand for advanced camera systems.
IDIS claims that this is potentially a valuable growth market for system integrators that are offering the suitable technology that’s in demand.
IDIS’s overview report
IDIS’s overview report, based on its experience with partners and system integrators to deliver end-to-end video solutions in the sector, explores how new solutions improve security and safety and further provide new insights and business intelligence due to the growing us of AI-powered video analytics.
The report explains how video surveillance reduces losses and deters criminal activity.
Casino operators are taking advantage of the latest technological improvements, including more advanced cameras, more efficient video data handling, operating systems with more features and an expanding toolkit of more powerful video analytics.
System integrators can offer casino operators an advantage with affordable camera solutions that will be more efficient in reducing losses and also aid casinos in reducing risks when using AI-powered analytics.
IDIS Türkiye Country Manager, Koray Ozyildirim comments
“When it comes to AI, like any business, casinos can be averse to the potential risks inherent in new tech adoption and concerned about investing in technology dead-ends.”
He adds: “The hesitancy can be addressed by offering cost effective add-on AI solutions with easy upgrade routes. There is added reassurance where technology vendors have a proven record of compliance with the latest international standards and a commitment to continual R&D in innovative video.”
Ozyildirim reassures that this can help casino resorts stay ahead in an increasingly competitive global market.
Government and consumer demand
Whilst consumer demand takes up a large amount of the growth in the casinos sectors, governments are aware that successful casino resorts bring major economic benefits to local communities.
When successful, they can generate employment opportunities, contribute to tax revenues and stimulate related industries like hospitality and tourism which in turn support a broader ecosystem of suppliers.
When analysts looked at the European casino gambling market, they found that they generated a revenue of USD 115.39 billion last year and are expected to register a CAGR of over 5{70f8781ecd5e23c6e3cac632393454e4e7d56a616c5bf2e02f9e9e1799912f22} by 2029.
Analysts expect that due to the wider economic benefits, this could lead to opportunities in some Middle Eastern markets.
