Others Segment to Dominate SAM Virtual Queue Management System Market during 2021–2028
According to The Insight Partners market research study on “SAM Virtual Queue Management System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Platform, Organization Size and End-User” is expected to reach US$ 21.99 million by 2028 from US$ 16.04 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the SAM virtual queue management system market along with the drivers and restraints pertaining to the market growth. Growing penetration of digitalization is the major factor driving the growth of the SAM trade virtual queue management system market. However, issues associated with the lack of adoption in developing countries hinder the growth of SAM virtual queue management system market.
The SAM virtual queue management system market is segmented on the bases of component, platform, organization size, end user, and country. Based on component, the market is segmented into solutions and services. The solution segment dominated the market in 2020 and is services expected to be the fastest growing during the forecast period. Based on platform, the virtual queue management system market is segmented into web based, kiosk based, and mobile based. The web based segment dominated the market in 2020 and is mobile based segment expected to be the fastest growing during the forecast period. Based on organization size, the market is segmented into small and medium enterprises, and large enterprises. The large enterprises segment dominated the market in 2020 and small and medium enterprises segment is expected to be the fastest growing during the forecast period. Based on end user, the virtual queue management system market is segmented into retail, hospitals and clinics, airports, museums and libraries, and others. The others segment dominated the market in 2020 and retail segment is expected to be the fastest growing during the forecast period. In terms of country, the SAM virtual queue management system market is segmented into—Brazil, Argentina, and Rest of SAM.
In South America, Brazil is the worst impacted country due to the COVID-19 outbreak. As of April 2021, the country was still facing significant surge in COVID-19 cases. Apart from Brazil, countries such as Peru, Argentina, Uruguay, and Venezuela were also impacted by the pandemic and are still facing significant impact of the second wave of the pandemic. Countries such as Brazil and Argentina were under lockdown, and some parts of the region are still under lockdown, halting the business operation and manufacturing process. However, as the south American region saw large number of cases, the adoption of queuing technology became a necessity in this region and many healthcare centers, banks and other public places implemented these solutions.
accesso Technology Group, plc; Advantech Co. Ltd.; AKIS Technologies; Hague Australia; Ombori; and Queue-it among the leading companies in the SAM virtual queue management system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Queue-it to receive strategic investment from GRO Capital.