North America Virtual Queue Management System Market
No. of Pages: 112 | Report Code: TIPRE00025095 | Category: Technology, Media and Telecommunications
No. of Pages: 112 | Report Code: TIPRE00025095 | Category: Technology, Media and Telecommunications
North America is a technologically advanced region, with the US, Canada, and Mexico being major economies in the region. It is the largest contributor to the global virtual queue management system market, and the US holds the largest share in the regional market, followed by Canada. Organizations in these countries have been heavily investing in consumer experience management technologies, which is contributing to the adoption of virtual queue management system. Moreover, the region has been enormously responsive toward implementing the latest technological advancements, such as integration technologies with mobile and cloud technologies with virtual queue management solutions. North America is characterized by high GPD per capita, mass adoption of new technologies, and dynamic consumer behavior; thus, organizations operating in various industries are investing resources in gathering insightful data for the further development of their offerings to eventually offer improved consumer experience. For instance, Build-A-Bear Workshop, Inc. announced a release of its new product for which around 240,000 customers signed up and the company all physical stores temporarily closed and thus, all the demand was directed to its website. The company opted for virtual queue management solution to manage the online queue of customers, along with safeguarding the website and managing pre-sale build-up. Increasing penetration of digitalization is the major factor driving the growth of the North America virtual queue management system market.
In North America, the US witnessed a large number of COVID-19 cases, with more than 20 million COVID cases; California, Texas, Florida, and New York are among the majorly affected areas. The federal government in the country did not impose nationwide lockdown in 2020; however, governors of few states decided to impose lockdown in their respective states. The lockdown hindered the operations of various industries, including manufacturing and IT. However, essential industries such as fast-moving consumer goods (FMCG) and pharmaceutical had to continue their operations. By early 2021, the condition is projected to be under control, while demand for QMS solutions and services is expected to rise, owing to rising need for improved customer experience and the development of individualized relationships with prospects. Several industries are aiming to implement a wide range of QMS solutions and services to support digital transformation programmes that address mission-critical processes, optimize operations, and validate user identification. Many companies in North America are adopting virtual queue management systems to implement social distancing and control large crowds. For instance, Snoqualmie Casino has agreed to deploy accesso Technology Group plc's accesso ShoWare box office ticketing solution for a three-year period. Customers will have an easy online box office experience with the solution, which will allow them to purchase tickets in a few simple clicks, with the Casino's two performance venues offering top-tier talent all year. Also, accesso technology’s QSmart is currently being tested in Seattle SeaTac Airport and Boston Logan Airport, with promising results so far. Concession profits are up, and crowding is less of an issue. Guests may relax before flights. According to a survey, 96 percent of customers thought QSmart helped them relax while travelling. All this is helping the virtual queue management system market grow in North America after the pandemic.
Strategic insights for the North America Virtual 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 102.27 Million |
| Market Size by 2028 | US$ 134.11 Million |
| Global CAGR (2021 - 2028) | 3.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Virtual 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.
The virtual queue management system market in North America is expected to grow from US$ 102.27 million in 2021 to US$ 134.11 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The virtual queue management system market is presently dominated by large enterprise customers across various countries. Complex operations, high operational costs, prevailing trend of real-time work, and fast adoption of advanced solutions are among the key reasons driving the demand for virtual queue management solutions and services across large enterprises. Although large enterprises are in the forefront of digital transformation to improve operations, SMEs are also witnessing huge growth in the adoption of advanced technology solutions such as virtual queue management system by replacing traditional queue management solutions. With the growing popularity of cloud-based virtual queue management system, SMEs are increasing investment in such solutions, thereby offering a huge growth opportunity for the market players operating in the market. Likewise, the growing trend of digital transformation to improve business processes by analyzing the data, enhancing productivity, and reducing costs will further boost the adoption of virtual queue management solutions and services among SMEs. This, in turn, will provide growth opportunities to the market players during the forecast period.
The North America virtual queue management system market is segmented on the bases of component, platform, organization size, end user, and country. Based on component, the market is segmented into solutions and services. The solution segment dominated the market in 2020 and is services expected to be the fastest growing during the forecast period. Based on platform, the virtual queue management system market is segmented into web based, kiosk based, and mobile based. The web based segment dominated the market in 2020 and is mobile based segment expected to be the fastest growing during the forecast period. Based on organization size, the market is segmented into small and medium enterprises, and large enterprises. The large enterprises segment dominated the market in 2020 and small and medium enterprises segment is expected to be the fastest growing during the forecast period. Based on end user, the virtual queue management system market is segmented into retail, hospitals and clinics, airports, museums and libraries, and others. The others segment dominated the market in 2020 and retail segment is expected to be the fastest growing during the forecast period.
A few major primary and secondary sources referred to for preparing this report on the virtual queue management system market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are accesso Technology Group, plc; Advantech Co. Ltd.; AKIS Technologies; eGlobe IT Solutions; Hague Australia; Lavi Industries; Ombori; Qmatic; and Queue-it are among others.
The North America Virtual Queue Management System Market is valued at US$ 102.27 Million in 2021, it is projected to reach US$ 134.11 Million by 2028.
As per our report North America Virtual Queue Management System Market, the market size is valued at US$ 102.27 Million in 2021, projecting it to reach US$ 134.11 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The North America Virtual Queue Management System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Virtual Queue Management System Market report:
The North America Virtual Queue Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Virtual Queue Management System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Virtual Queue Management System Market value chain can benefit from the information contained in a comprehensive market report.
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