Queue Management System Market is Expected to Reach US$ 611.55 Million by 2027, Growing at an Estimated CAGR of 4.3% Over the Forecast Period Mainly due to Firms Putting More Emphasis on Customer Loyalty
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Some of the players operating in the queue management system market are Advantech Co. Ltd., AKIS Technologies, QLess Company, XIPHIAS Software Technologies, Wavetec, InfraRed Integrated Systems Ltd

PUNE, India, Feb. 5, 2020 /PRNewswire/ — With increased competition, the importance of customer loyalty is ever increasing. For firms to grow exponentially, customer loyalty plays a very important role. Loyal customers help the firms grow by being loyal to their brands, as well as creating new customers through word of mouth marketing, which would help the firms to increase their market share. Queue management system plays an important factor in improving customer loyalty since it is directly linked to customer satisfaction. It is estimated that 77% of the shoppers are less likely to return to the store due to disorganized queue system.

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By deployment, virtual type is largest segment which will drive the growth of the Queue Management System market. Some of the advantages of a virtual queue management system include reduced waiting time, reduction in operational costs etc. Companies such as WhyQ offers SMS based virtual queue management solutions. With the help of this software, customers receive an SMS on their mobile phones which includes ETA and queue position. This would eliminate any possibility of customers getting frustrated.

Rising demand from healthcare industry is another factor that would drive the global queue management system market. Since, healthcare industry is a fragile sector, patient satisfaction is paramount. Firms offer queue management systems which help healthcare centers to manage the inflow of patients, thereby reducing the pressure on staff, thus increasing the productivity. By applications, hospitals and clinics is the largest segment in the global queue management system market and is also projected to be the most attractive segment over the forecast period. Latest technologies which offer personalized solutions for the customers would drive the growth of the market in the coming years.   

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The detailed research study provides qualitative and quantitative analysis of global queue management system market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

  • In terms of revenue, Queue Management System market is expected to reach US$ 611.55 million by 2027, due to firms working towards achieving customer loyalty.

  • North America is projected to witness the highest CAGR of 4.5% over the forecast period.

  • Some of the players operating in the queue management system market are Advantech Co. Ltd., AKIS Technologies, QLess Company, XIPHIAS Software Technologies, Wavetec, InfraRed Integrated Systems Ltd, Lavi Industries, Multimex, AURIONPRO, ATT System Group, Qmagik, Onlinet, V-Count, Skiplino, Qudini, Qnomy, Qminder Ltd, Qmatic. amongst others.

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Queue Management System Market:

By Deployment

  • Cloud Based

  • On Premise

By Type:

  • Virtual Queuing

  • Linear Queuing

By Application:

  • Hospitals & Clinics

  • Banks & Financial Institutions

  • Retail Outlets

  • Private Utility Service Providers/Airline Check in Counters

  • Self Service Restaurants

  • Government Offices

  • Telecom Service Centre

  • Others

By Geography

  • North America

  • U.S.

  • Canada

  • Mexico

  • Europe

  • France

  • The UK

  • Spain

  • Germany

  • Italy

  • Nordic Countries

  • Denmark

  • Finland

  • Iceland

  • Norway

  • Sweden

  • Benelux Union

  • Belgium

  • The Netherlands

  • Luxemburg

  • Rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • New Zealand

  • Australia

  • South Korea

  • Southeast Asia

  • Indonesia

  • Thailand

  • Malaysia

  • Singapore

  • Rest of Southeast Asia

  • Rest of Asia Pacific

  • Middle East & Africa

  • Saudi Arabia

  • UAE

  • Egypt

  • Kuwait

  • South Africa

  • Rest of Middle East & Africa

  • Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

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