Report : Europe Queue Management System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Virtual Queuing, Linear Queuing); Component (Solution, Services); Application (Hospitals, BFSI, Retail Outlets, Utility Service Providers and Airports, Restaurants, Government Offices, Others), and Country
Virtual Queuing Segment to Dominate Europe Queue Management System Market during 2019–2027
According to our new market research study on “Europe Queue Management System Market to 2027 – Regional Analysis and Forecast – by Type, Component, and Application,” the market is expected to reach US$ 173.22Mn by 2027 from US$ 111.35Mn in 2019; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027. The report provides trends prevailing in the Europe queue management system market along with the drivers and restraints pertaining to the market growth. The growth of the market is mainly attributed to the rise in need to manage the queue and improve service quality. However, the growth of online retail is restraining the growth of the queue management system market.
The queue management system market, by type, is segmented into virtual queuing and linear queuing. The virtual queuing segment held a larger share of the market in 2019.This advanced technology is gaining popularity as a majority of the populations in the developed countries are well aware of it. Smartphone usage has considerably risen over the years; technological advancements in smartphones and development of innovative applications (apps)are allowing customers to gather information regarding waiting status. This helps the end user of queue management systems to optimize operations in their premises with lesser volume of crowd. The continuous demand for innovative solutions for the effective management of queue is driving the growth of queue management system market.
Qmatic, Q-nomy Inc., Wavetec, Aurionpro Solutions Limited,and Advantech Co. Ltd.,are among the leading companies in the Europe queue management system market. These companies focus on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Wavetec deployed its queue management system at Samsung’s stores in France, Kenya, and Spain. These sites experience a major customer influx, and Wavetec’s solutions help streamline the customer visits to best handle the walk-in customers.
The report segments the Europe queue management system market as follows:
Queue Management System Market– by Type
Queue Management System Market– by Component
Queue Management System Market– by Application
Queue Management System Market– by Country
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