The virtual queue management system market in APAC is expected to grow from US$ 67.20 million in 2021 to US$ 118.26 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.
Australia, China, India, Japan, and South Korea are major economies in APAC. The virtual queue management system market is presently dominated by large enterprise customers across various countries. Complex operations, high operational costs, prevailing trend of real-time work, and fast adoption of advanced solutions are among the key reasons driving the demand for virtual queue management solutions and services across large enterprises. Although large enterprises are in the forefront of digital transformation to improve operations, SMEs are also witnessing huge growth in the adoption of advanced technology solutions such as virtual queue management system by replacing traditional queue management solutions. With the growing popularity of cloud-based virtual queue management system, SMEs are increasing investment in such solutions, thereby offering a huge growth opportunity for the market players operating in the market. Likewise, the growing trend of digital transformation to improve business processes by analyzing the data, enhancing productivity, and reducing costs will further boost the adoption of virtual queue management solutions and services among SMEs. This, in turn, will provide growth opportunities to the Asia Pacific Virtual Queue Management System market players during the forecast period.
Asia-Pacific constitutes the world’s two most populated countries that are also hubs for manufacturing – India and China. China virtually imposed strict lockdown and social isolation, which almost halted the manufacturing and production for several weeks. Moreover, the country also suspended the import as well as export of critical raw materials and components, which disrupted the global supply chains in early 2020. India also imposed a nationwide lockdown to keep a check on the growing COVID-19 cases across the country. As a result, lockdown, and disruption of industrial activities across China and India contributed to the disruption of supply chain of various raw material and goods. However, these countries had to permit the manufacturing of a few essential goods. However, growing technology breakthroughs and the introduction of smart queue management systems are promoting their adoption in hospitals, BFSI institutions, retail outlets, and other locations. However, healthcare institutions, airlines, and government offices, among other places, continue to experience long lines on a regular basis, fueling demand for virtual queue systems. However, APAC has seen significant increase in usage of Queue management technology. For instance, In India, the vaccination drive is conducted with the use of virtual slot booking and queuing in order to adhere to social distancing norms and increase effectiveness. Q-nomy Inc., Seehash Softwares Pvt. Ltd., Wavetec, XIPHIAS Software Technologies Pvt. Ltd., Aurionpro Solutions Limited, and Advantech Co. Ltd., are among a few players operating in the Asia-Pacific queue management system market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the virtual queue management system market. The APAC virtual queue management system market is expected to grow at a good CAGR during the forecast period.
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APAC Virtual Queue Management System Market Segmentation
APAC Virtual Queue Management System Market – By Component
- Solution
- Services
APAC Virtual Queue Management System Market – By Platform
- Web-Based
- Kiosk Based
- Mobile Based
APAC Virtual Queue Management System Market – By Organization Size
- Small and Medium Enterprises
- Large Enterprises
APAC Virtual Queue Management System Market – By End-User
- Retail
- Hospitals and Clinic
- Airports
- Museums and Libraries
- Others
APAC Virtual Queue Management System Market- By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Virtual Queue Management System Market-Companies Mentioned
- accesso Technology Group, plc
- Advantech Co. Ltd.
- AKIS Technologies
- eGlobe IT Solutions
- Hague Australia
- Ombori
- Queue-it
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Virtual Queue Management System Market – By Component
1.3.2 APAC Virtual Queue Management System Market – By Platform
1.3.3 APAC Virtual Queue Management System Market – By Organization Size
1.3.4 APAC Virtual Queue Management System Market – By End-User
1.3.5 APAC Virtual Queue Management System Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Virtual Queue Management System Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Virtual Queue Management System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Penetration of Digitalization
5.1.2 Increasing Emphasis on Customer Service Across Major Industry Verticals
5.2 Market Restraints
5.2.1 Lack of Adoption in Developing Countries
5.3 Market Opportunities
5.3.1 High Growth Potential in Small- and Medium-Sized Enterprises (SMEs)
5.4 Future Trends
5.4.1 Accentuating Growth of Cloud Platform-Based Solutions Across Enterprises
5.5 Impact Analysis of Drivers and Restraints
6. Virtual Queue Management System Market – APAC Analysis
6.1 APAC Virtual Queue Management System Market Overview
6.2 Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
7. APAC Virtual Queue Management System Market Analysis – By Component
7.1 Overview
7.2 Virtual Queue Management System Market, By Component (2020 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Virtual Queue Management System Market – By Platform
8.1 Overview
8.2 Virtual Queue Management System Market, by Platform (2020 and 2028)
8.3 Web Based
8.3.1 Overview
8.3.2 Web Based: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Kiosk Based
8.4.1 Overview
8.4.2 Kiosk Based: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Mobile Based
8.5.1 Overview
8.5.2 Mobile Based: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Virtual Queue Management System Market – By Organization Size
9.1 Overview
9.2 Virtual Queue Management System Market, by Organization Size (2020 and 2028)
9.3 Small and Medium Enterprises
9.3.1 Overview
9.3.2 Small and Medium Enterprises: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Large enterprises
9.4.1 Overview
9.4.2 Large enterprises: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Virtual Queue Management System Market – By End User
10.1 Overview
10.2 Virtual Queue Management System Market, by End User (2020 and 2028)
10.3 Retail
10.3.1 Overview
10.3.2 Retail: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Hospitals and Clinic
10.4.1 Overview
10.4.2 Hospitals and Clinic: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Airports
10.5.1 Overview
10.5.2 Airports: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Museums and Libraries
10.6.1 Overview
10.6.2 Museums and Libraries: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC Virtual Queue Management System Market – Country Analysis
11.1 Overview
11.1.1 APAC: Virtual Queue Management System Market, By Country
11.1.1.1 Australia: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Virtual Queue Management System Market, by Component
11.1.1.1.2 Australia: Virtual Queue Management System Market, by Platform
11.1.1.1.3 Australia: Virtual Queue Management System Market, by Organization Size
11.1.1.1.4 Australia: Virtual Queue Management System Market, By End-User
11.1.1.2 China: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Virtual Queue Management System Market, by Component
11.1.1.2.2 China: Virtual Queue Management System Market, by Platform
11.1.1.2.3 China: Virtual Queue Management System Market, by Organization Size
11.1.1.2.4 China: Virtual Queue Management System Market, By End-User
11.1.1.3 India: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Virtual Queue Management System Market, by Component
11.1.1.3.2 India: Virtual Queue Management System Market, by Platform
11.1.1.3.3 India: Virtual Queue Management System Market, by Organization Size
11.1.1.3.4 India: Virtual Queue Management System Market, By End-User
11.1.1.4 Japan: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Virtual Queue Management System Market, by Component
11.1.1.4.2 Japan: Virtual Queue Management System Market, by Platform
11.1.1.4.3 Japan: Virtual Queue Management System Market, by Organization Size
11.1.1.4.4 Japan: Virtual Queue Management System Market, By End-User
11.1.1.5 South Korea: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Virtual Queue Management System Market, by Component
11.1.1.5.2 South Korea: Virtual Queue Management System Market, by Platform
11.1.1.5.3 South Korea: Virtual Queue Management System Market, by Organization Size
11.1.1.5.4 South Korea: Virtual Queue Management System Market, By End-User
11.1.1.6 Rest of APAC: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of APAC: Virtual Queue Management System Market, by Component
11.1.1.6.2 Rest of APAC: Virtual Queue Management System Market, by Platform
11.1.1.6.3 Rest of APAC: Virtual Queue Management System Market, by Organization Size
11.1.1.6.4 Rest of APAC: Virtual Queue Management System Market, By End-User
12. APAC Virtual Queue Management System Market- COVID-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 accesso Technology Group, plc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Advantech Co. Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 AKIS Technologies
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 eGlobe IT Solutions
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Ombori
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Queue-it
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Hague Australia
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. APAC Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Virtual Queue Management System Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Virtual Queue Management System Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Virtual Queue Management System Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Virtual Queue Management System Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Virtual Queue Management System Market, By Components – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Virtual Queue Management System Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Virtual Queue Management System Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Virtual Queue Management System Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Virtual Queue Management System Market, By Components – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Virtual Queue Management System Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Virtual Queue Management System Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Virtual Queue Management System Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Virtual Queue Management System Market, By Components – Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Virtual Queue Management System Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Virtual Queue Management System Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: Virtual Queue Management System Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Virtual Queue Management System Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Virtual Queue Management System Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Virtual Queue Management System Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea: Virtual Queue Management System Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of APAC: Virtual Queue Management System Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of APAC: Virtual Queue Management System Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of APAC: Virtual Queue Management System Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of APAC: Virtual Queue Management System Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Virtual Queue Management System Market Segmentation
Figure 2. APAC Virtual Queue Management System Market Segmentation – By Country
Figure 3. APAC Virtual Queue Management System Market Overview
Figure 4. Solution Segment held the Largest Share of APAC Virtual Queue Management System Market
Figure 5. Web-Based Segment held the Largest Share of APAC Virtual Queue Management System Market
Figure 6. Large Enterprises Segment held the Largest Share of APAC Virtual Queue Management System Market
Figure 7. Others Segment held the Largest Share of APAC Virtual Queue Management System Market
Figure 8. China to Show Great Traction During Forecast Period
Figure 9. Asia-Pacific: PEST Analysis
Figure 10. Expert Opinion
Figure 11. APAC Virtual Queue Management System Market: Impact Analysis of Drivers and Restraints
Figure 12. APAC Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Virtual Queue Management System Market Revenue Share, by Component (2020 and 2028)
Figure 14. APAC Solution: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Services: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Virtual Queue Management System Market Revenue Share, by Platform (2020 and 2028)
Figure 17. APAC Web Based: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Kiosk Based: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Mobile Based: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Virtual Queue Management System Market Revenue Share, by Organization Size (2020 and 2028)
Figure 21. APAC Small and Medium Enterprises: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Large enterprises: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Virtual Queue Management System Market Revenue Share, by End User (2020 and 2028)
Figure 24. APAC Retail: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Hospitals and Clinic: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Airports: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC Museums and Libraries: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC Others: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC: Virtual Queue Management System Market, By Country 2020 (US$ Million)
Figure 30. APAC: Virtual Queue Management System Market Revenue Share, By Country (2020 and 2028)
Figure 31. Australia: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. China: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. India: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Japan: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Korea: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of APAC: Virtual Queue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- accesso Technology Group, plc
- Advantech Co. Ltd.
- AKIS Technologies
- eGlobe IT Solutions
- Hague Australia
- Ombori
- Queue-it
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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