Report : 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)
At 5.8% CAGR, the Europe Queue Management System Market is Speculated to be Worth US$ 200.65 Million by 2030, Says Business Market Insights
According to Business Market Insights' 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.
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