Market Research

At 4.9% CAGR, Queue Management System Market Growth Prospectus by 2027 – Tensator, VirtuaQ, Wavetec, Xtreme Media

May 28, 2020 1:53 AM ET
iCrowd Newswire – May 28, 2020

According to the latest research report titled “Queue Management System Market to 2027–COVID-19 Impact and Forecast and Global Analysis,” published by The Insight Partners, the global queue management system market is expected to reach US$ 618.9 million by 2027, registering a CAGR of 4.9%during 2020–2027.

The queue management system comprises a set of principles and rules aimed at regulatory customer flow and improving their overall experience. There are different ways of queue management involving physical queue management, ticket-based queue management, sign-sheet, and digital management. With the rising investments in digital solutions by enterprises, the necessity for digital or virtual queue management has increased.

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The rising focus on customer satisfaction and growing investment across industry verticals are some of the significant factors driving the growth of the queue management system market. However, lack of awareness about queue management solutions is the major factor that may restrain the growth of the queue management system market. Nevertheless, since it is a cost-effective form of managing queues, its demand is being significantly increased, which is anticipated to boost the growth of the queue management system market during the forecast period.

COVID-19 Impact on Queue Management System Market

Despite different opinions on the damage COVID-19 might lead to in the coming months, its ongoing spread is remains major concern worldwide. New cases are rising in the US, Canada, Europe, Africa, the Middle East, India, Australia, South Korea, Japan etc. The queue management market is likely to witness negative impact during the lockdown announced in different parts of the world. Retail stores, hospitals, government offices, and other businesses worldwide need to keep running during the global pandemic. Following social distancing norms is a key priority to reduce the risk of infection both within the premises of organizations/stores as well as in queues. It is possible to control the number of people in stores and reduce the waiting line leveraging a simple virtual queuing system.

Report Spotlights

  • Progressive industry trends in the global queue management system market that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global queue management system market from 2017 to 2027
  • Estimation of global queue management system demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the market competition and global demand
  • Market trends and outlook, coupled with factors driving and restraining the growth of the global market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global queue management system market growth
  • Global queue management system market size at various nodes of market
  • Detailed overview and segmentation of the global queue management system market, as well as its dynamics in the industry
  • Global queue management system market size in various regions with promising growth opportunities

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global queue management system market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The queue management system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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Keywords:    Queue Management System Market, Queue Management System, Queue Management System Market 2020, Queue Management System Market 2027