10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Queue Management System Market By Deployment (On-Premise and Cloud-Based), By Application (Hospitals & Clinics, Retail Outlets, Banks & Financial Institutions, Government Offices, Telecom Service Center, Self Service Restaurants, and Airline Check-in Counters), and By Type (Linear Queuing and Virtual Queuing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global queue management system market is predicted to be valued at approximately USD 420 million in 2018 and is expected to reach a value of around USD 611 million by 2027, at a CAGR of around 4.3 % between 2019 and 2027.
The queue management system is defined as an organization utilized for regulating queues. Moreover, queues are a normal thing in places where demand exceeds supply. Queue management is the assortment of principles projected at regulating customer flow and reorganizing the queuing practice. Needless lining up or waiting around is likely to be prevented through the implementation of a refined queue management system. Queue management system offers useful means for managers to regulate the level of facility and generation of performance information.
Browse the full “Queue Management System Market By Deployment (On-Premise and Cloud-Based), By Application (Hospitals & Clinics, Retail Outlets, Banks & Financial Institutions, Government Offices, Telecom Service Center, Self Service Restaurants, and Airline Check-in Counters), and By Type (Linear Queuing and Virtual Queuing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/queue-management-system-market-by-deployment-on-premise-122
Improved consumer throughput to drive business trends by 2027
Recently, the queue management system has played a pivotal part in improving the end-user experience. It helps in reducing long lines and prompting the productivity of employees. This assists in minimizing the end-user complaints by offering them options by using their time in the most proficient manner. Moreover, these queue management systems assist in collating real-time information pertaining to waiting time, service, and consumers. All these aspects are projected to steer the growth of the market over the forecast period.
Apart from this, the queue management system plays a key role in enhancing business growth along with improving the business output. In addition to this, the queue management system helps in raising employee efficacy and improves the end-user experience along with offering the customers with a seamless experience. Moreover, it also brings positive changes in customer service in various organizations, thereby further steering the market growth. Nevertheless, the complexity witnessed in the queuing process can inhibit the growth of the industry during the forecast timeline. In addition to this, high service costs are expected to pose a challenge to the expansion of the industry during the forecast period. However, new technological breakthroughs are expected to further contribute to the overall market expansion during the forecast period.
Cloud-based segment to lead the deployment mode during the forecast period
The growth of the segment during the period from 2019 to 2027 is credited to large-scale deployment of the queue management systems through the cloud-based mode of deployment.
Hospitals & Clinics segment to lead the application landscape by 2027
The segmental surge over the forecast timeline is owing to large scale usage of the queue management systems in a large number of hospitals & clinics.
Asia Pacific market to record the highest CAGR over the forecast timeline
The Asia Pacific industry is set to register the highest growth rate of over 4% during the forecast timeline. The growth of the market in the region is credited to massive large-scale demand for the queue management system in the small, medium, and large firms in countries like India, Japan, and China.
Report Scope
Report Attribute |
Details |
Market Size in 2018 |
USD 420 Million |
Projected Market Size in 2027 |
USD 611 Million |
Growth Rate |
CAGR 4.3% |
Base Year |
2018 |
Forecast Years |
2019-2027 |
Key Market Players |
Advantech Co., Ltd., AKIS Technologies, ATT Systems Group, AURIONPRO, InfraRed Integrated Systems Ltd., Lavi Industries, Multimex, Onlinet, Qless, Qmagik, Qmatic, Qminder Ltd, Qnomy, Qudini, Skiplino, V-Count, Wavetec, and XIPHIAS among others. |
Key Segment |
By Deployment, By Application, By Type, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players in the market include Advantech Co., Ltd., AKIS Technologies, ATT Systems Group, AURIONPRO, InfraRed Integrated Systems Ltd., Lavi Industries, Multimex, Onlinet, Qless, Qmagik, Qmatic, Qminder Ltd, Qnomy, Qudini, Skiplino, V-Count, Wavetec, and XIPHIAS among others.
This report segments the Queue Management System market as follows:
Queue Management System Market: By Deployment Segment Analysis
Queue Management System Market: By Application Segment Analysis
- Hospitals & Clinics
- Retail Outlets
- Banks & Financial Institutions
- Government Offices
- Telecom Service Center
- Self Service Restaurants
- Airline Check-in Counters
Queue Management System Market: By Type Segment Analysis
- Linear Queuing
- Virtual Queuing
Queue Management System Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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