The postal field is a high accuracy and complicated field, which is vulnerable to human errors. The postal service providers are adopting automation systems known as postal automation systems, which reduce the chances of human errors and increasing the working speeds of the system. It is now highly used by private and government postal services, which has provided lucrative growth opportunities to this market and is growing at accelerated speeds as they are cost-effective. These systems include bar codes, radio frequency identification (RFID), and other high tech methods.
Also, the improvements in technologies have led to the usage of robots, which has reduced the working costs and increased efficiency, which has resulted in the active adoption of automation powered systems. Installing the postal automation systems helps market players save the money, as the labor costs have gone up. With the rising digitalization, the introduction of the Internet of Things (IoT) in postal management systems is going to produce numerous opportunities for this market.
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Apart from the uses and features, the global postal automation system market is facing severe challenge against the high costs involved in maintenance, which has contained the market’s growth. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global postal automation system market. The global market is anticipated to register approximately 9.1% annual growth during this period.
- The global postal automation system market is expected to reach USD 2.2 billion market value by 2023 at a CAGR of 9.10% during the forecast period 2017-2023
- By the technology, facer canceller system accounts for the largest market and is expected to reach USD 845.8 million. Also, the facer canceller system is growing at a CAGR of 10.13% during the forecast period
- By the component, hardware is dominating the market and has generated USD 574.3 million markets in 2017 and is expected to grow at a CAGR of 10.75%
- By the applications, public post office type is dominating the market and has generated USD 867.36 million markets in 2017 and is expected to grow at a CAGR of 9.44%
- Geographically, North America region has been projected to hold the largest market share in the global postal automation system market followed by Europe region, while the Asia Pacific
Some of the prominent players in the global postal automation system market are Toshiba Corporation (Japan), Mitsubishi Logistics, Inc. (Japan), Escher Group (U.S.), NEC Corporation (Japan), Accenture PLC (Ireland), Siemens AG (Germany), Fujitsu, Ltd. (Tokyo), Vanderlande (Netherlands), Falcon Autotech (India), and Solystic SAS (France).
- Postal automation system companies
- Original equipment manufacturers
- Postal automation system providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
The global postal systems market has gained momentum recently as businesses are moving from local to global levels and need error-free delivery systems. Services and public postal segments are expected to register the fastest growth rates and may overtake the market during this tenure. The North American region leads the global market, and The Asia Pacific region will be the market with the highest growth rate.
The global postal automation system market is segmented into classes as follows:
The global postal automation system market is segmented hardware, software, and services based on components.
The global postal automation system market is segmented by an automated package processing system, facer canceller system, and others based on technologies involved.
Based on applications, the global postal automation system market is segmented among public and private postal services.
The postal automation system market has gained global adoption due to the expansion of global businesses and demands for better management systems. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global postal automation system market. The North American region is leading the market due to the presence of key manufacturers, demands for advanced technologies, increasing research & development activities, a well-established postal network, and other factors. The Asia Pacific region will register the fastest growth rates due to the vast population covers, rapid urbanization, fast-developing postal systems, high demands for management systems, and other factors with Japan, India, and China among the market leaders due to rapid development and presence of vast opportunities.
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