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)
No. of Pages:
82
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Report Code:
BMIRE00029867
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Category:
Technology, Media and Telecommunications
The Middle East & Africa queue management system market was valued at US$ 45.23 million in 2022 and is expected to reach US$ 62.36 million by 2030; it is estimated to grow at a CAGR of 4.1% from 2022 to 2030.
Rising Focus on Service Quality Enhancement in Various Sectors Drive Middle East & Africa Queue Management System Market
The rapid growth in population is increasing customers queues in hospitals, retail shops, clinics, airports, and other facilities. The growing population has resulted an unorganized queue, which cause frustration among the crowd and deteriorate the service quality. In addition, at the time of peak business hours, the rush in the queue continues to surge, and this results in loss of service quality as the staff tries to manage the queue manually. According to Midlands Technical College data of January 2022, companies are losing their potential customers due to poor service and customer dissatisfaction. The data estimated that poor customer service incurred a loss on business, ranging from US$ 75 billion to US$ 1.6 trillion per year, owing to long queues, cost-cutting strategies, lack of understanding of customer desires, and sacrificing customer satisfaction for growth, among other issues. This loss in revenue is projected to increase in the coming years, which shifts customer preference to competitors' products, thus resulting in the loss of potential customers. Offering enhanced service quality is of utmost importance among service providers, irrespective of the industry. With an objective to efficiently manage the queue and improve service quality, respective service providers opt for queue management solutions.
Automated queuing systems enable customers to check their queuing status at their convenience, which further allows them to utilize the waiting time on other work. Several service providers such as Wavetec, and Qmatic have procured and installed automated queue management systems, which automatically request shoppers/customers to move toward the next accessible counter. This eases the workflow, reduces customer waiting time, and improves staff and customer interaction, thereby upgrading the service quality. Thus, these benefits of the queue management system attract a significant number of service providers across industries.
As the passenger count continues to escalate, airports are challenged with the continuous demand for innovative solutions to control long queues. Per the International Air Transport Association (IATA), in March 2023, air traffic increased by 52.4% globally, which indicates an increased preference for airways facilities among consumers for traveling. Airports face a significant challenge in maintaining an organized queue at the ticketing counter, screening area, and customs section. Hence, there is a high demand for sophisticated solutions that enable the easing of passenger throughput, thereby enhancing service efficiency and return on investment (ROI). As a result, the adoption of the queue management system is on the rise among airports.
Thus, the rising focus on service quality enhancement in various sectors drives the growth of the Middle East & Africa queue management system market.
Middle East & Africa Queue Management System Market Overview
Governments of various countries in the Middle East & Africa are implementing various policies and regulations towards the adoption of advanced technologies. Hence, growing digitization and increasing use of advanced technologies in the Middle East & Africa are driving the market. For instance, the Saudi Data and Artificial Intelligence Authority drafted a new intellectual property law for maximizing data and AI's contribution to meet the objectives of Vision 2030. Thus, the adoption of AI technology in healthcare, BFSI, retail, and other industries is creating opportunities for the Middle East & Africa queue management system market growth.
Middle East & Africa Queue Management System Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Queue Management System Market Segmentation
The Middle East & Africa queue management system market is segmented based on type, component, application, and country.
Based on type, the Middle East & Africa 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 Middle East & Africa queue management system market is bifurcated into solution and services. The solution segment held a larger share in 2022.
By application, the Middle East & Africa 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 Middle East & Africa queue management system market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa queue management system market in 2022.
Q-MATIC Group AB, Q-nomy Inc, Wavetec, Aurionpro Solutions Ltd, Advantech Co Ltd, Skiplino, and SEDCO Co Ltd are some of the leading companies operating in the Middle East & Africa queue management system market.
Middle East & Africa Queue Management System Strategic Insights
Strategic insights for the Middle East & Africa Queue Management System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Middle East & Africa Queue Management System Report Scope
Report Attribute
Details
Market size in 2022
US$ 45.23 Million
Market Size by 2030
US$ 62.36 Million
Global CAGR (2022 - 2030)
4.1%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
Virtual Queuing and Linear Queuing
By Component
Solution and Services
By Application
BFSI
Hospitals
Retail Outlets
Utility Service Providers and Airports
Restaurants
Government Offices
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
Q-MATIC Group AB
Q-nomy Inc
Wavetec
Aurionpro Solutions Ltd
Advantech Co Ltd
Skiplino
SEDCO Co Ltd
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Middle East & Africa Queue Management System Regional Insights
The geographic scope of the Middle East & Africa Queue Management System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East & Africa Queue Management System Market
1. Q-MATIC Group AB
2. Q-nomy Inc
3. Wavetec
4. Aurionpro Solutions Ltd
5. Advantech Co Ltd
6. Skiplino
7. SEDCO Co Ltd
Frequently Asked Questions
How big is the Middle East & Africa Queue Management System Market?
The Middle East & Africa Queue Management System Market is valued at US$ 45.23 Million in 2022, it is projected to reach US$ 62.36 Million by 2030.
What is the CAGR for Middle East & Africa Queue Management System Market by (2022 - 2030)?
As per our report Middle East & Africa Queue Management System Market, the market size is valued at US$ 45.23 Million in 2022, projecting it to reach US$ 62.36 Million by 2030. This translates to a CAGR of approximately 4.1% during the forecast period.
What segments are covered in this report?
The Middle East & Africa Queue Management System Market report typically cover these key segments-
Type (Virtual Queuing and Linear Queuing)
Component (Solution and Services)
Application (BFSI, Hospitals, Retail Outlets, Utility Service Providers and Airports, Restaurants, Government Offices)
What is the historic period, base year, and forecast period taken for Middle East & Africa Queue Management System Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Queue Management System Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in Middle East & Africa Queue Management System Market?
The Middle East & Africa Queue Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Q-MATIC Group AB
Q-nomy Inc
Wavetec
Aurionpro Solutions Ltd
Advantech Co Ltd
Skiplino
SEDCO Co Ltd
Who should buy this report?
The Middle East & Africa Queue Management System Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East & Africa Queue Management System Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines