PUBLISHER: The Insight Partners | PRODUCT CODE: 1819698
PUBLISHER: The Insight Partners | PRODUCT CODE: 1819698
The queue management system market in the Middle East and Africa was valued at approximately US$ 47.66 million in 2023 and is projected to grow to US$ 73.94 million by 2031, reflecting a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2031.
The Impact of AI on Queue Management Systems
AI-powered queue management systems are revolutionizing how businesses handle customer flow and improve service efficiency. By utilizing advanced technologies such as predictive analytics and computer vision, these systems can analyze both historical and real-time data to predict peak times and optimize staffing levels. For example, in September 2023, Intellect, a leader in customizable AI-driven Quality Management Systems (QMS) and Environmental, Health, Safety, and Quality (EHSQ) software, launched Intellect AI. This advanced AI assistant is designed to enhance the efficiency of quality and safety processes, streamlining operations, reducing errors, and saving time. By integrating years of quality and safety data with a no-code platform and cutting-edge AI technologies, including OpenAI and ChatGPT, Intellect AI(TM) aims to significantly boost productivity, operational efficiency, and strategic decision-making within organizations.
Similarly, in December 2022, major retailers like Walmart adopted AI-driven virtual queues, allowing customers to continue shopping while they wait, thereby significantly enhancing the shopping experience during peak times such as Black Friday. Hospitals are also leveraging AI to monitor patient wait times and streamline patient flow, ensuring timely care and reducing congestion in waiting areas. The integration of AI not only minimizes wait times and enhances customer satisfaction but also empowers businesses to make informed, data-driven decisions. Consequently, AI-powered queue management systems are expected to set new trends in the queue management market in the coming years.
Overview of the Middle East & Africa Queue Management System Market
The queue management system market in the Middle East and Africa is segmented into several regions, including South Africa, the UAE, Saudi Arabia, and the Rest of the Middle East and Africa. The region is experiencing significant growth in the healthcare sector, with Saudi Arabia accounting for approximately 60% of the total healthcare expenditure among Gulf Cooperation Council (GCC) countries. According to the International Trade Administration of the US Department of Commerce, Saudi Arabia announced a substantial investment of US$ 36.8 billion in healthcare and social development in 2022, which represented 14.4% of its total budget for that year. Furthermore, the Saudi government plans to invest around US$ 65 billion to develop a robust healthcare infrastructure by 2030. This increasing investment in healthcare is expected to drive demand for queue management solutions in the region in the coming years.
In addition to healthcare, restaurants and retail outlets are increasingly adopting advanced technologies to enhance customer experiences. This growing technological adoption is anticipated to further fuel the demand for queue management solutions across the region. Moreover, there is a rising demand for digital financial services, particularly in the UAE and the broader GCC region, where digital interactions are creating seamless experiences across various touchpoints, appealing to a new generation of users in ways that traditional banks have not.
Segmentation of the Middle East & Africa Queue Management System Market
The Middle East and Africa queue management system market can be segmented based on type, component, application, and country.
Key Players in the Market
Several prominent companies are operating in the Middle East and Africa queue management system market, including Q-MATIC Group AB, Qminder Ltd, Q-nomy Inc, Skiplino, Wavetec, Aurionpro Solutions Ltd, Advantech Co Ltd, SEDCO Co Ltd, Lavi Industries, AKIS Technologies UAB, WaitWell, Verint Systems Inc, QLESS, OFFTEC Holding Group, and Waitwhile Inc. These companies are at the forefront of providing innovative queue management solutions that cater to the diverse needs of businesses across the region.