According to the business intelligence report titled ‘Global Queue Management System Market by Component (Solution and Services), Application (Reporting and Analytics, Appointment Management, Customer Service, Query Handling, In-Store Management and others), Queue Type (Linear and virtual), Organization Size (Small and Medium enterprises and large enterprises), Deployment Mode (On premises and Cloud )Regional Forecasts 2021-2027’, available with MarketStudyReport, global queue management system market was evaluated at USD 0.5 billion in 2020 and is anticipated to be worth USD 0.7 billion by 2027, recording a y-o-y growth rate of 4% between 2021-2027.
 

Benefits associated with the technology such as growth in consumer loyalty, reliability, and ability to identify inefficiencies in queues and correct them promptly are primary drivers for global queue management system market expansion. Improving efficiency rates owing to the widespread adoption of queue management system are also contributing towards the market outlook as well.
 

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For the unversed, the queue management system is an adaptive computerized system developed primarily to handle customer traffic and walk-ins in bus stops, train stations, airports, department stores. The technology helps in providing top-quality service to customers by using an interactive monitor to manage queues and consumer experiences efficiently.
 

Launch of innovative products and advanced technologies will also aid in revenue inflow. On the other hand, high setup costs are poised to act as a challenge for businesses operating in this domain.
 

Based on queue type, worldwide queue management system market sphere is split into linear and virtual. Speaking of component, the business domain is divided into services and solutions.
 

As per mode of deployment, the industry is bifurcated into on-premises, and cloud. Moving on to application ambit, the market space is arrayed into reporting & analytics, query handling, appointment management, customer service, in-store management, and others.
 

From regional frame of reference, North America captured a significant share in global queue management system industry in 2020, owing to rapid growth of healthcare & life science sector. Meanwhile, Asia Pacific market is slated to amass massive returns between 2021-2027, primarily due to rising demand to reduce waiting time, enhance customer experience, and manage large customer queues.
 

Leading players profiled in the report are Business Automation Inc., Xtreme Media Private Limited, Q-Matic AB, Core Mobile Inc., QLess Inc., AKIS Technologies UAB, Online Token, ATT Systems Group, Advantech Co. Ltd., and Lavi Industries.