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.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 97.06 Million |
| Market Size by 2027 | US$ 164.56 Million |
| Global CAGR (2020 - 2027) | 7.15% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The List of Companies - Asia-Pacific Queue Management System Market