Press release
Postal Automation System Market is expected to reach a USD 2 Billion by Forecast to 2023
Postal automation system market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of digital technology and increasing need for automation in industrial sector. Major driving factor in the growth of postal automation system market are the technological advancements and growing urbanization. Growth of digitization is another major factor driving the growth of postal automation system market. Growing demand for innovations and increasing technological advancements is another major factor responsible for fueling the growth of postal automation system market.
India Post has deployed automated mail processing system which will enable processing of 55,000 mails per hour which will eventually reduce the processing time and improve the efficiency and productivity as well. Siemens has provided India Post with operational consultancy services for the installation of video coding stations and sorting machines. Postal automation systems will reduce the processing time and eventually increase the efficiency and help the postal services to provide better services and increase their productivity. Solystic SAS has been awarded supplier of the year 2016 by the Postal Technology International and have also been awarded for the Sorting Center Innovation of the year award. The company focusses on innovation and cooperation for their achievements.
Postal Automation System Market has been segmented on the basis of technology, component and deployment. The technology segment is further bifurcated into advanced facer canceller system, delivery barcode sorter, automated package processing system, automated parcel & bundle sorter and others. These systems help in faster processing and eventually help in increasing the productivity.
The major factor restraining the growth of postal automation system market is the high initial costs of installation. Installing automation will require new hardware and will result in high costs. This will also have high maintenance costs. This could be a major factor that could cause hindrance in the growth of postal automation system market.
According to Market Research Future Analysis, postal automation system market has been valued at approx. USD 2 Billion by the end of forecast period with 9% of CAGR during forecast period 2017 to 2023.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4103
Major Key Players:
• Toshiba Infrastructure Systems & Solutions Company (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)
• Solystic SAS (France)
Postal Automation System Market Segmentation:
The postal automation system market has been segmented on the basis of technology, component and deployment. The component segment is bifurcated into software and services. The services segment is further bifurcated into support, training & maintenance and consulting. Out of which the consulting services has gained much popularity owing to the increasing demand for operational consultancy for the automated systems.
Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market and dominate the global market share of automatic gate and door opening market. Whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The growth in North America is majorly driven by U.S. The major growth in postal automation system market in North America is attributed to technological advancements and increasing demand for industrial automation in that region. Growing technological advancements and urbanization in the region are other factors fueling the growth of postal automation system. Also growing demand for digital technologies is another major factor driving the growth of postal automation system market in the region.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/postal-automation-system-market-4103
Regional Analysis:
The regional analysis of postal automation system market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The major growth in postal automation system market in North America is attributed to technological advancements and growing need for automation in that region.
Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Components Providers
• System Integrators
• Suppliers and Distributors
• Government and Other Regulatory Bodies
• Postal Offices
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued…
List of Tables
Table 1 Postal Automation System Market, By Technology
Table 2 Postal Automation System Market, By Component
Table 3 Postal Automation System Market, By Deployment
Continued…
List of Figures
Figure 1 Research Type
Figure 2 Postal Automation System Market, By Technology (%)
Figure 3 Postal Automation System Market, By Component (%)
Continued…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Postal Automation System Market is expected to reach a USD 2 Billion by Forecast to 2023 here
News-ID: 941610 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Post
Post-Tensioning System Market Next Big Thing | Major Giants Freyssinet, Suncoast …
Latest added Post-Tensioning System Market research study by AMA Research offers detailed outlook and elaborates market review till 2026. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are VSL International Ltd. (Switzerland), Freyssinet (France), DYWIDAG-Systems International (Germany), Suncoast Post-Tension (United States), SRG Limited (Australia),…
Postal Operators Market Future Outlook to 2025: USPS, Japan Post, Deutsche Post, …
Research for Market in this report on the Global Postal Operators Market will continue to be interested in CAGR growth by providing an in-depth look at how major players and brands are driving the Postal Operators Market during the 2019-2025 forecast period.
In addition, the Postal Operators Market definition, classification, application and participation of the Global Postal Operators Market was described. The Global Postal Operators Market is categorized by market…
Postal Operators Market Future Outlook to 2025: USPS, Japan Post, Deutsche Post, …
Research For Market in this report on Global Postal Operators Market will keep you apprised in this CAGR growing market by letting you know in-depth how the key players and brands are driving the market in the forecast period of 2019-2025.
Further, the markets definition, classifications, applications, and engagements in the Global Postal Operators Market have been described. The Global Postal Operators Market has been classified according to market size…
Parcel Delivery Market Wide Spread Across the World | China Post, Deutsche Post …
HTF MI recently introduced Global Parcel Delivery Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are China Post, Deutsche Post DHL, FedEx, Japan Post Group, La Poste…
E Commerce Logistics Market Outlook 2023 – FedEx, Australia Post, Blue Dart, C …
E-commerce is the activity of buying or selling of products on online services or over the Internet.
There are many factors that augment the growth of global E commerce logistics market such as growing E commerce market, smaller and simple supply chain, new and innovative methods of deliveries and so on.
The report comprises the study of the global e-commerce logistics market that focuses on various types of services in the market.…
Parcel Delivery Market is Booming Worldwide | Deutsche Post DHL, FedEx, Japan Po …
HTF MI recently introduced Global Parcel Delivery Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are China Post, Deutsche Post DHL, FedEx, Japan Post Group, La Poste…
