Press release
Queue Management System Market to Hit US$ 618.9 Million by 2027; The Insight Partners
Queue Management System Market
According to our latest market study on "Queue Management System Market to 2027 - COVID-19 Impact and Global Analysis and Forecast - by Type (Virtual Queuing and, Linear Queuing); Component (Solutions and, Services); Application (Hospitals, BFSI, Retail Outlets, Utility Service Providers and Airports, Restaurants, Government Offices, and Others); and Geography," the market was valued at US$ 444.1 million in 2020 and is projected to reach US$ 618.9 million by 2027; it is expected to grow at a CAGR of 4.9% from 2020 to 2027.The report highlights the key factors driving the market growth, and prominent players and their developments in the market.
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Market Insights-
Queue Management System Market
Demand for Healthcare Sector Asserting Growth
The healthcare sector in developed and developing countries is stimulating substantially over the years. The growth of digitalization in the healthcare sector is unprecedented and is expected to continue the momentum. Most of the healthcare service providers face a tremendous challenge to maintain the queue at the payment sections or at the doctor's chambers. Queue formation at the medical facilities is omnipresent and, because of prolonged delay in services, causes frustration among the queue members. This results in patient discomfort resulting in medical conditions that can increase subsequent treatment costs and poor health outcomes.
Companies Mentioned:
• Qmatic
• Qminder Limited
• Q-nomy Inc.
• Seehash Softwares Pvt. Ltd.
• Skiplino
• Wavetec
• XIPHIAS Software Technologies Pvt. Ltd.
• Aurionpro Solutions Limited
• Advantech Co. Ltd.
• SEDCO
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.
The report segments the global queue management system market as follows:
By Type:
• Virtual Queuing
• Linear Queuing
By Component:
• Solution
• Services
By Application:
• BFSI
• Hospitals
• Retail Outlets
• Utility Service Providers and Airports
• Restaurants
• Government Offices
• Others
The document will help readers gain vital information regarding the market such as leading players, their company profiles, portfolios, financial information, and latest developments. The report also enables companies in making strategic decisions such as partnerships, product launches, collaborations, etc. to gain a competitive edge.
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Key Elements that the report acknowledges:
• Growth rate and market size over the analysis timeframe.
• Key factors stimulating and hindering market expansion.
• Leading vendors and suppliers of the market.
• Exhaustive SWOT analysis of each company.
• Detailed PEST analysis by region.
• Opportunities and threats faced by the existing vendors in Queue Management System market.
• Strategic initiatives undertaken by leading players.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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