The queue management system market in Asia-Pacific is expected to grow from US$ 97.06Mn in 2019 to US$ 164.56Mn by 2027; it is estimated to grow at a CAGR of 7.15% from 2020 to 2027.
The adoption of queue management systems is expected to surge in the commercial and government sectors in the region. In Singapore, the retailers faces the losses worth ~US$ 1.6 billion a year as a result of mismanaged queues, while retailers in Hong Kong face the losses worth US$ 2.3 billion due to shoppers discouraged by long queues. Moreover, the long waiting times have resulted in the customers to engage more in online shopping. These observations have propelled the brick-and-mortar retailers to deploy efficient queue management systems. Moreover, the standalone businesses are also procuring queue management systems to manage the queue and avoid chaos at their premises, thereby enhancing work efficiency. The awareness related to the benefits of these systems is constantly rising among the end users. These factors are catalyzing the growth of the queue management system market in Asia-Pacific countries.
The Asia-Pacific queue management system market report includes inventory and volume analysis, top-selling items, revenue and profit margin optimization, and staffing needs. With these features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This is likely to drive the queue management system market in the coming years.
Asia-Pacific Queue Management System Market Revenue and Forecast to 2027 (US$ Mn)
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Asia-Pacific Queue Management System Market Segmentation
Asia-Pacific Queue Management System Market, by Type
- Virtual Queuing
- Linear Queuing
Asia-Pacific Queue Management System Market, by Component
- Solution
- Services
Asia-Pacific Queue Management System Market, by Application
- Hospitals
- BFSI
- Retail Outlets
- Utility Service Providers and Airports
- Restaurants
- Government Offices
- Others
Asia-Pacific Queue Management System Market, by Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
Asia-Pacific Queue Management System Market – Companies Mentioned
- Q-nomy Inc.
- Seehash Softwares Pvt. Ltd.
- Wavetec
- XIPHIAS Software Technologies Pvt. Ltd.
- Aurionpro Solutions Limited
- Advantech Co. Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Component, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Queue Management System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
5. Queue Management System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapid Growth in the Population
5.1.2 Increase in Adoption of Queue Management System to Optimize Operational Cost
5.2 Market Restraints
5.2.1 Increasing Inclination Towards Online Shopping
5.2.2 Rising Use of Mobile Banking
5.3 Market Opportunities
5.3.1 Growing Adoption of Digital Signage Systems
5.4 Future Trends
5.4.1 Escalating Demand for Virtual Queue System
5.5 Impact Analysis of Drivers and Restraints
6. Queue Management System Market – Asia-Pacific Analysis
6.1 APAC: Queue Management System Market
6.1.1 APAC: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
7. Queue Management System Market Analysis – By Type
7.1 Overview
7.2 APAC: Queue Management System Market, By Type
7.3 Virtual Queuing
7.3.1 Overview
7.3.2 Virtual Queuing: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Linear Queuing
7.4.1 Linear Queuing: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
8. Queue Management System Market Analysis – By Component
8.1 Overview
8.2 APAC: Queue Management System Market, By Component
8.3 Solutions
8.3.1 Overview
8.3.2 Solution: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Services
8.4.1 Services: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
9. Queue Management System Market Analysis – By Application
9.1 Overview
9.2 APAC: Queue Management System Market, By Application
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
9.4 BFSI
9.4.1 BFSI: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Retail Outlets
9.5.1 Retail Outlets: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Utility Service Providers and Airports
9.6.1 Utility Service Providers and Airport: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Restaurants
9.7.1 Restaurants: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Government Offices
9.8.1 Government Offices: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
9.9 Others
9.9.1 Others: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
10. Queue Management System Market – Country Analysis
10.1 APAC: Queue Management System Market
10.2 APAC: Queue Management System Market, By Country
10.2.1.1 China: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.1.1.1 China: Queue Management System Market, By Type
10.2.1.1.2 China: Queue Management System Market, By Component
10.2.1.1.3 China: Queue Management System Market, By Application
10.2.1.2 India: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.1.2.1 India: Queue Management System Market, By Type
10.2.1.2.2 India: Queue Management System Market, By Component
10.2.1.2.3 India: Queue Management System Market, By Application
10.2.1.3 Japan: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.1.3.1 Japan: Queue Management System Market, By Type
10.2.1.3.2 Japan: Queue Management System Market, By Component
10.2.1.3.3 Japan: Queue Management System Market, By Application
10.2.1.4 South Korea: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.1.4.1 South Korea: Queue Management System Market, By Type
10.2.1.4.2 South Korea: Queue Management System Market, By Component
10.2.1.4.3 South Korea: Queue Management System Market, By Application
10.2.1.5 Australia: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.1.5.1 Australia: Queue Management System Market, By Type
10.2.1.5.2 Australia: Queue Management System Market, By Component
10.2.1.5.3 Australia: Queue Management System Market, By Application
10.2.1.6 Rest of APAC: queue management system Market – Revenue and Forecast to 2027 (US$ Million)
10.2.1.6.1 Rest of APAC: Queue Management System Market, By Type
10.2.1.6.2 Rest of APAC: Queue Management System Market, By Component
10.2.1.6.3 Rest of APAC: Queue Management System Market, By Application
11. Impact of COVID-19 Pandemic on Queue Management System Market
11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 Q-nomy Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Seehash Softwares Pvt. Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Wavetec
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 XIPHIAS Software Technologies Pvt. Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Aurionpro Solutions Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Advantech Co. Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Queue Management System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC Queue Management System Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 3. APAC Queue Management System Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 4. APAC Queue Management System Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 5. China Queue Management System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. China Queue Management System Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 7. China Queue Management System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. India Queue Management System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. India Queue Management System Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 10. India Queue Management System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan Queue Management System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Japan Queue Management System Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 13. Japan Queue Management System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea Queue Management System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea Queue Management System Market, By Component – Revenue And Forecast To 2027 (US$ Million)
Table 16. South Korea Queue Management System Market, By Application – Revenue And Forecast To 2027 (US$ Million)
Table 17. Australia Queue Management System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Australia Queue Management System Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 19. Australia Queue Management System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of APAC Queue Management System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Rest of APAC Queue Management System Market, By Component – Revenue And Forecast To 2027 (US$ Million)
Table 22. Rest of APAC Queue Management System Market, By Application – Revenue And Forecast To 2027 (US$ Million)
Table 23. Queue Management System Market: List of Abbreviation
LIST OF FIGURES
Figure 1. Queue Management System Market Segmentation
Figure 2. Queue Management System Market Segmentation – By Country
Figure 3. Asia-Pacific Queue Management System Market Overview
Figure 4. Virtual Queuing Segment Is Expected to Dominate the Market by Type
Figure 5. Service Segment Is Expected to Witness the High Growth During the Forecast Period 2020-2027
Figure 6. APAC: PEST Analysis
Figure 7. Queue Management System Market Ecosystem Analysis
Figure 8. Queue Management System Market: Impact Analysis of Drivers and Restraints
Figure 9. APAC: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. APAC: Queue Management System Market Revenue Share, By Type (2019 and 2027)
Figure 11. Virtual Queuing: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Linear Queuing: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. APAC: Queue Management System Market Revenue Share, By Component (2019 and 2027)
Figure 14. Solution: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Services: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. APAC: Queue Management System Market Revenue Share, By Application (2019 and 2027)
Figure 17. Hospitals: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. BFSI: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Retail Outlets: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Utility Service Providers and Airport: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Restaurants: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Government Offices: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Others: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. APAC: Queue Management System Market Revenue Share, By Country (2019 and 2027)
Figure 25. China: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. India: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Japan: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. South Korea: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Australia: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Rest of APAC: Queue Management System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
The List of Companies - Asia-Pacific Queue Management System Market
- Q-nomy Inc.
- Seehash Softwares Pvt. Ltd.
- Wavetec
- XIPHIAS Software Technologies Pvt. Ltd.
- Aurionpro Solutions Limited
- Advantech Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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