Los Angeles, December 30, 2019 - QY Research has come up with a new publication titled, “Global Redemption Amusement Machine Market Insights, Forecast to 2025,” for the forecasted period of 6-years. According to the report, the Global Redemption Amusement Machine Market was valued at US$ 714.8 Mn in 2018 and is predicted to reach US$ 838.7 Mn in 2025. Global Redemption Amusement Machine Market is likely to register a sluggish CAGR of 2.3% from 2018 to 2025.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1285580/global-redemption-amusement-machine-market
Realistic and Immersive Gaming Experience to Foster the Growth of Global Redemption Amusement Machine Market
Global Redemption Amusement Machine Market is poised to achieve significant growth due to evolving technology and the addition of specialized control accessories. The popularity of dancing mats, motorcycle machine, and airplane cockpits offer a more realistic and immersive gaming experience. These games are largely being incorporated in restaurants, video arcade, bowling alleys, malls, movie theatres, bars/pubs, and public places, which is fostering the growth of the market.
However, introduction of virtual reality is expected to pose a threat to the growth of the market if the new VR technology is not integrated and used as an opportunity for offering enhanced user experience.
Fun and Entertainment – Major Factors for Augmenting the Type Segment Growth
Prize Redemption, Ticket Redemption, Dance - Dance Revolution, Racing Type Machine, Music Game, and Others are prominent segments of the type segment. Many clubs, bars, and restaurants are increasingly preferring dance – dance revolution and music games incorporated with karaoke to provide fun and entertainment options. These are also being used in aerobics, exercise and fitness routines, which are contributing to the growth of the type segment. Another major segment of the market is the application segment which includes Bars, Game Centres, Amusement parks, and Others.
Rapid Development to Create Scope for New Entertainment Platforms in Asia - Pacific Region
Asia-Pacific – The rapid development and increasing internet connectivity in the region have created a scope for entertainment platforms. Increasing adoption of digitization with a huge population of youth is expected to foster the growth of the regional market.
North America – The presence of advanced technology and popularity of console, arcade games along with the progression of the coin as credits to virtual currency as credits is likely to boost the growth of the Redemption Amusement Machine Market.
Shift Towards Virtual Reality: Future Market Strategy of the Key Players
Key players are focused on shifting towards incorporating advanced technology with virtual reality to offer enhanced user experience. Some of the key players operating in the market are SEGA, Adrenaline Amusement, Innovative Concept in Entertainment, BayTek, Raw Thrills, Concept Games, Elaut, Family Fun Companies, Wahlap Technology, UNIS Technology, Bandai Namco Amusement, KONAMI Group, Andamiro, LAI Games, Superwing, TouchMagix, India Amusement, and Superwing.
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