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$671 Million Queue Management System Market – Global Outlook and Forecast to 2025

Dublin, Nov. 17, 2020 (GLOBE NEWSWIRE) — The “Queue Management System Market – Global Outlook and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering. In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global queue management system marketThe global queue management system market by revenue is expected to grow at a CAGR of close to 6% during the period 2020-2025.The global queue management system market size will reach USD 671 million by 2025. The market is likely to witness rapid growth in the coming years. One of the key reasons for the rapid market growth is a shift in the usage of products from optional to mandatory, especially after the COVID-19 pandemic outbreak the rising awareness for personal hygiene and increased focus on saving the work environment in various geographies has propelled the demand for social distancing solutions, including queue management systems. The market is witnessing increased demand from healthcare, hospitality, and manufacturing setups where these products are used in operations areas, admin blocks, and several other places. The focus on a healthy environment for work professionals is increasing due to the elderly workforce’s presence in developed economies such as Japan and the US.Global Queue Management System Market SegmentationThis research report includes a detailed segmentation of the following segments by product, deployment, end-user,geography. Virtual queuing solutions are expected to deliver significant advantages in the prevailing COVID-19 environment, which is likely to drive these systems’ demand during the forecast period. As lockdown regulations are eased across the globe, companies, and service sectors are expected to increase footfalls. Hence the segment is expected to witness demand. Moreover, to manage customer traffic, avoid unplanned visits, and decrease waiting times, virtual queuing systems are expected to observe high adoption. Companies and organizations across the world have started shifting to techno-based systems to optimize workflows and productivity.Linear queuing is one of the oldest methods of managing queues. This method effectively prevents messy scenes within or outside the business, thereby providing a greater understanding. It helps in the right queue discipline and queue management approach. The market understands customer journeys better by moving beyond the old-fashioned way of queuing, which helps to gain a broader perspective on how customers engage, providing the insight and resources that businesses need to succeed. Thus, the demand for linear queuing models is expected to show sluggish growth during the forecast period.With the growing number of end-users, Europe and APAC queue management system markets are highly competitive. However, the APAC region is expected to grow at a substantial growth CAGR during the forecast period. European countries are technologically mature, and in the UK, Germany, France, Spain, Italy, and Russia, the acceptance rate of advanced technology is higher. The presence of well-established queue management system manufacturers in these countries has led to significant cloud-based systems procurement. On the other hand, APAC is witnessing vigorous growth in the number of hospitals, banks, and retail outlets, catalyzing and furnishing the region’s queue management system market. The cloud-enhanced production of next-generation manufacturing technologies would seek a cloud network to demonstrate their digital capabilities. The on-premises segment is expected to grow at a CAGR of over 2% during 2019-2025. On-premise frameworks are gaining higher consistency in managing customer queues in the service-based environment and providing new ways to communicate with consumers.Queue management systems domain the healthcare segment. The segment is expected to account for over 20% revenue share during the forecast period. Queue management solutions are specially designed for outpatient clinics, laboratory diagnostic centers, and hospitals. The segment is likely to be driven due to queue solutions’ ability to enable high-quality services and enhance the patient experience. Implementing these systems in the healthcare sector has been growing due to the increased awareness of contagious infections and the importance of maintaining social distancing among individuals.Key Questions Answered: What is the queue management system market size and growth rate during the forecast period?What are the factors affecting the growth of the queue management system market share?How is the information in the report going to help the market players?Who are the leading vendors in the queue management system market?Which segment will expect the highest growth in the global queue management system market post-COVID pandemic? Key Topics Covered: 1 Research Methodology2 Research Objectives3 Research Process4 Scope & Coverage4.1 Market Definition4.2 Base Year4.3 Scope Of The Study5 Report Assumptions & Caveats5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation6 Market at a Glance7 Introduction7.1 Historic Overview7.2 Overview7.1 COVID-19 Impact On Global Trade8 Market Opportunities & Trends8.1 Adoption of AI8.2 Rapid Development Of IoT, Wireless Communication And Other Technologies8.3 Smart Infrastructure Development9 Market Growth Enablers9.1 Increase In Use Of Mobile Apps9.2 COVID-19 Propelled Queueing System Demand9.3 Rising Use Of QMS In Hospitals10 Market Restraints10.1 Variability In Hardware & Software10.2 Lack Of Cybersecurity10.3 Frequent Launches Reducing Product Stability11 Value Chain11.1 Overview11.2 Value Chain Analysis12 Market Landscape12.1 Historical Data 2017-201812.2 Market Size & Forecast12.3 Software Industry Post COVID-1913 Product13.1 Market Snapshot & Growth Engine13.2 Market Overview13.3 Linear Queueing13.4 Virtual Queueing14 End User14.1 Market Snapshot & Growth Engine14.2 Market Overview14.3 Healthcare14.4 Financial Institutions14.5 Transportation14.6 Hospitality14.7 Retail Market Place14.8 Telecom14.9 Other15 Deployment15.1 Market Snapshot & Growth Engine15.2 Market Overview15.3 On-Premise15.4 Cloud-Based16 Geography16.1 Market Snapshot & Growth Engine16.2 Geographic OverviewCompetitive LandscapeProminent Vendors Bauerfeind Advantech Co. Ltd.Aurionpro Solutions Limited Other Prominent Vendors QLess Inc.LeonisaInfrared Integrated SystemsWavetecQminderSeeHash Softwares Pvt. Ltd.SkiplinoQmaticMULTIMEXATT Systems GroupQMAGIK (GrandTrust InfoTech)OnlinetV-countQudiniQ-nomy Inc.SEDCOXIPHIAS Information TechnologiesLavi IndustriesPOS MarketUAB AKIS TechnologiesDatabyteVirtuaQTensatorXtreme Media For more information about this report visit https://www.researchandmarkets.com/r/miyvmw Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT:
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