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Europe Queue Management System Market Forecast to 2030
Europe Queue Management System Market Forecast to 2030 – Regional Analysis – By Type (Virtual Queuing and Linear Queuing), Component (Solution and Services), and Application (BFSI, Hospitals, Retail Outlets, Utility Service Providers and Airports, Restaurants, Government Offices, and Others)
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Description
Implementing Artificial Intelligence in Queue Management System Drives Europe Queue Management System Market
The rise in customer expectations associated with their time influences service providers to adopt queue management systems. The most common customer complaints include long queues at banks, retail stores, airports, hospitals, and other public places, especially during peak hours or holidays. In order to access services in public facilities, consumers are often impatient and stressed and progress through queues. Moreover, according to the World Health Organization, the proportion of the geriatric population is expected to increase from 12% in 2015 to 22% by 2050. Older people suffering from cardiovascular disease, osteoporosis, and dementia require frequent visits to hospitals. Hence, long queues at medical facilities can be a physical burden to them, which generates the demand for AI-based queue management software.
The use of an AI-based queue management system supports healthcare and other facilities to solve their customer’s problems. An AI-based queue management system leverages artificial intelligence to minimize wait times, manage queues, and improve patient experience. It uses real-time data to predict customer traffic and allocate resources accordingly by providing customers with a seamless and hassle-free experience. AI-based queue management systems help reduce customer frustration and improve overall customer’s satisfaction. It is capable of monitoring customer traffic and queue length in real time, providing business owners with accurate data to make informed decisions. Thus, the implementation of AI-based queue management systems is likely to generate several growth opportunities for the market players during the forecast period.
Europe Queue Management System Market Overview
European countries are technologically advanced, owing to the high adoption rate of advanced technologies in Germany, the UK, France, Spain, Italy, and Russia. According to the Netherlands Ministry of Foreign Affairs, the AI technology used by various enterprises in Europe was only 8% in 2021, which has almost doubled by January 2023. In a few industries, 75% of enterprises use AI technology to manage their day-to-day transactions. The growing adoption of advanced technology encourages market players to implement AI technology in queue management systems to improve customer satisfaction. AI queue management systems can offer significant self-service options to customers, including online appointments, check-in kiosks, and virtual queuing. These reduce wait times and improve customer experience, which is expected to boost the demand for queue management systems during the forecast period.
Europe Queue Management System Market Revenue and Forecast to 2030 (US$ Million)
Europe Queue Management System Market Segmentation
The Europe queue management system market is segmented based on type, component, application, and country.
Based on type, the Europe queue management system market is bifurcated into virtual queuing and linear queuing. The virtual queuing segment held a larger share in 2022.
By component, the Europe queue management system market is bifurcated into solution and services. The solution segment held a larger share in 2022.
By application, the Europe queue management system market is segmented into BFSI, hospitals, retail outlets, utility service providers and airports, restaurants, government offices, and others. The BFSI segment held the largest share in 2022.
Based on country, the Europe queue management system market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe queue management system market in 2022.
Q-MATIC Group AB, Qminder Ltd, Q-nomy Inc, Aurionpro Solutions Ltd, Advantech Co Ltd, and AKIS Technologies UAB are some of the leading companies operating in the Europe queue management system market.
Summary Info
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According to the Research Team’ research, the Europe queue management system market was valued at US$ 127.97 million in 2022 and is expected to reach US$ 200.65 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Increasing demand in healthcare sector and implementing artificial intelligence in queue management system are among the critical factors attributed to the Europe queue management system market expansion.
The majority of healthcare service providers face tremendous challenges in maintaining the queue at the payment sections or the doctor’s chambers. Queue formation at medical facilities is omnipresent, which can lead to prolonged delays in services; this causes frustration among the queue members. This results in patient discomfort, resulting in medical conditions that can increase subsequent treatment costs and poor health outcomes. According to Qmatic, a queue management system helps increase sales and productivity and reduces costs by up to 30% to ensure patient availability at the right place at the right time. The increasing adoption of queue management in the healthcare industry helps improve patient experience and staff satisfaction with limited budgets and resources. Queue management systems provide significant benefits in the healthcare industry by monitoring patient journeys in the hospital as well as support hospitals to enhance the patient’s entire visit, ranging from check-in to post-service.
In an attempt to reduce the formation of long queues at medical facilities, hospitals and other healthcare service providers are showcasing their interest in the adoption of queue management systems.
Additionally, the usage of digital signage systems in the waiting areas facilitates the patients or patient parties to understand the waiting time, thereby eliminating the risk of crowd formation at the doctor’s chambers/laboratories or the payment section. Thus, the growing demand for queue management solutions drives the Europe queue management system market.
On the contrary, tremendous growth in e-commerce worldwide hampers the growth of Europe queue management system market.
Based on type, the Europe queue management system market is bifurcated into virtual queuing and linear queuing. The virtual queuing segment held 65.7% share of the Europe queue management system market in 2022, amassing US$ 84.07 million. It is projected to garner US$ 139.40 million by 2030 to expand at 6.5% CAGR during 2022-2030.
By component, the Europe queue management system market is bifurcated into solution and services. The solution segment held 76.7% share of the Europe queue management system market in 2022, amassing US$ 98.12 million. It is projected to garner US$ 158.15 million by 2030 to expand at 6.1% CAGR during 2022-2030.
By application, the Europe queue management system market is segmented into BFSI, hospitals, retail outlets, utility service providers and airports, restaurants, government offices, and others. The BFSI segment held 29.7% share of the Europe queue management system market in 2022, amassing US 37.99 million. It is projected to garner US$ 51.11 million by 2030 to expand at 3.8% CAGR during 2022-2030.
Based on country, the Europe queue management system market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany held 25.6% share of Europe queue management system market in 2022, amassing US$ 32.77 million. It is projected to garner US$ 55.21 million by 2030 to expand at 6.7% CAGR during 2022-2030.
Key players operating in the Europe queue management system market are Q-MATIC Group AB, Qminder Ltd, Q-nomy Inc, Aurionpro Solutions Ltd, Advantech Co Ltd, and AKIS Technologies UAB, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe queue management system market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the queue management system market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Queue Management System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. Europe Queue Management System Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Rising Focus on Service Quality Enhancement in Various Sectors
5.1.2 Increasing Demand in Healthcare Sector
5.1.3 Increasing Adoption to Manage Customer Traffic and Retain Customers
5.2 Market Restraints
5.2.1 Tremendous Growth in E-commerce Worldwide
5.2.2 Evolution of Mobile Apps by BFSI Sector
5.3 Market Opportunities
5.3.1 Implementing Artificial Intelligence in Queue Management System
5.4 Future Trends
5.4.1 Escalating Demand for Virtual Queue System
5.5 Impact of Drivers and Restraints:
6. Queue Management System Market – Europe Market Analysis
6.1 Europe Queue Management System Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Queue Management System Market Forecast and Analysis
7. Europe Queue Management System Market Analysis – Type
7.1 Virtual Queuing
7.1.1 Overview
7.1.2 Virtual Queuing Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Linear Queuing
7.2.1 Overview
7.2.2 Linear Queuing Market Revenue and Forecasts to 2030 (US$ Million)
8. Europe Queue Management System Market Analysis – Component
8.1 Solution
8.1.1 Overview
8.1.2 Solution Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Services
8.2.1 Overview
8.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
9. Europe Queue Management System Market Analysis – Application
9.1 BFSI
9.1.1 Overview
9.1.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Hospitals
9.2.1 Overview
9.2.2 Hospitals Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Retail Outlets
9.3.1 Overview
9.3.2 Retail Outlets Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Utility Service Providers and Airports
9.4.1 Overview
9.4.2 Utility Service Providers and Airports Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Restaurants
9.5.1 Overview
9.5.2 Restaurants Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Government Offices
9.6.1 Overview
9.6.2 Government Offices Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. Europe Queue Management System Market – Country Analysis
10.1 Overview
10.1.1 Europe Queue Management System Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 France: Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 France: Europe Queue Management System Market Breakdown by Type
10.1.1.1.2 France: Europe Queue Management System Market Breakdown by Component
10.1.1.1.3 France: Europe Queue Management System Market Breakdown by Application
10.1.1.2 Germany: Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Germany: Europe Queue Management System Market Breakdown by Type
10.1.1.2.2 Germany: Europe Queue Management System Market Breakdown by Component
10.1.1.2.3 Germany: Europe Queue Management System Market Breakdown by Application
10.1.1.3 UK: Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 UK: Europe Queue Management System Market Breakdown by Type
10.1.1.3.2 UK: Europe Queue Management System Market Breakdown by Component
10.1.1.3.3 UK: Europe Queue Management System Market Breakdown by Application
10.1.1.4 Italy: Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Italy: Europe Queue Management System Market Breakdown by Type
10.1.1.4.2 Italy: Europe Queue Management System Market Breakdown by Component
10.1.1.4.3 Italy: Europe Queue Management System Market Breakdown by Application
10.1.1.5 Russia: Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 Russia: Europe Queue Management System Market Breakdown by Type
10.1.1.5.2 Russia: Europe Queue Management System Market Breakdown by Component
10.1.1.5.3 Russia: Europe Queue Management System Market Breakdown by Application
10.1.1.6 Rest of Europe: Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Rest of Europe: Europe Queue Management System Market Breakdown by Type
10.1.1.6.2 Rest of Europe: Europe Queue Management System Market Breakdown by Component
10.1.1.6.3 Rest of Europe: Europe Queue Management System Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
12. Queue Management System Market Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Q-MATIC Group AB
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 Qminder 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 Q-nomy Inc
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 Aurionpro Solutions 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 Advantech Co Ltd
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 AKIS Technologies UAB
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 Word Index
LIST OF TABLES
Table 1. Europe Queue Management System Market Segmentation
Table 2. Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 5. Europe Queue Management System Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Europe Queue Management System Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. France: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 8. France: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 9. France: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. Germany: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 11. Germany: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 12. Germany: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 13. UK: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 14. UK: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 15. UK: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Italy: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 17. Italy: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 18. Italy: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 19. Russia: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 20. Russia: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 21. Russia: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 22. Rest of Europe: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 23. Rest of Europe: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 24. Rest of Europe: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 25. Company Positioning & Concentration
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Queue Management System Market Segmentation, By Country
Figure 2. Ecosystem: Europe Queue Management System Market
Figure 3. Europe Queue Management System Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Queue Management System Market Revenue (US$ Million), 2022 & 2030
Figure 6. Europe Queue Management System Market Share (%) – Type, 2022 and 2030
Figure 7. Virtual Queuing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Linear Queuing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Europe Queue Management System Market Share (%) – Component, 2022 and 2030
Figure 10. Solution Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Europe Queue Management System Market Share (%) – Application, 2022 and 2030
Figure 13. BFSI Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Hospitals Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Retail Outlets Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Utility Service Providers and Airports Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Restaurants Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Government Offices Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Europe Queue Management System Market Breakdown by Key Countries, (2022) (US$ Million)
Figure 21. Europe Queue Management System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. France: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Germany: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. UK: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Italy: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Russia: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Rest of Europe: Europe Queue Management System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Heat Map Analysis By Key Players
The List of Companies – Europe Queue Management System Market
1. Q-MATIC Group AB
2. Qminder Ltd
3. Q-nomy Inc
4. Aurionpro Solutions Ltd
5. Advantech Co Ltd
6. AKIS Technologies UAB
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