WiseGuyReports.Com Publish a New Market Research Report On –" Postal Automation System Market 2019 World Technology,Development,Trends and Opportunities Market Research Report to 2023".
Postal Automation System Industry 2019
Postal Automation System is a quick, reliable and economical way of bringing mails from sender to the recipient. The industry is becoming popular in different parts of the world due to the efficient management of mails. New innovations like optical character recognition are helping the industry to grow. Rapidly developing urbanization, growing requirement for necessary emails and increasing expectation for improved living standards are some of the factors that drive the industry forward in a great pace.
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Major Key Players Analysis
Some of the major players in the global postal automation system market include companies like Toshiba Corporation (Japan), Escher Group (U.S.), Mitsubishi Logistics, Inc. (Japan), NEC Corporation (Japan), Siemens AG (Germany), Accenture PLC (Ireland), Fujitsu, Ltd. (Tokyo), Falcon Autotech (India), Vanderlande (Netherlands), Solystic SAS (France) among others.
The emergence of Artificial Intelligence (AI) and Machine Learning (ML) in this industry helps to boost the interest in the Postal Automation System. The automation system can easily identify any machine-printed or handwritten addresses which are extremely helpful for enterprises as it takes far lesser time as compared to other existing processes. Due to the growing demand, multiple industry giants are investing in the latest technology to provide the best possible output.
The Postal Automation System market is anticipated to show a Compound Annual Growth Rate(CAGR) of 9.10% during the forecast period. The market share for the industry is expected to touch 2.2 billion USD by the end of 2023.
Market Segmentation of Global Postal Automation Market
The global market of Postal Automation System can be segmented according to the components, applications, technology, and regions.
On the basis of components, the market can be segmented into hardware, software and services.
By application, the market is classified into the public post and private post.
On the basis of technology, the industry is divided into delivery bar code sorter, the facer canceller system, an automated package processing system, bundle sorter and automated parcel and others.
Geographical Market Segmentation of Global Postal Automation Market
The geographical market of Postal Automation System includes many regions and countries. Some of them are Asia-Pacific, Japan, Malaysia, Indonesia, Vietnam, Philippines, Thailand, Singapore, Europe, North America, Canada, Mexico, the USA, Germany, the UK, Italy, France, Russia, Spain, Central and South America, Brazil, Rest of Central and South America countries, China, South Korea, India, Australia, the Middle East and African region, all GCC Countries, Egypt, Turkey and South Africa.
North American region is leading the market share and expected to be at the top position during the forecast period owing to the increased numbers of e-commerce site and large online retail sales in the region. The USA government which owns its postal service was working on automation for several years. Europian region is anticipated to show a good CAGR during the forecast period.
Latest News from the Market
Japanese market giant NEC corporation has signed a deal with Swiss post for Culler Facer Cancellers for postal automation. The NEC Corporation will provide thirteen Culler Facer Cancellers system to Switzerland. Culler Facer Cancellers system can identify the destination of small postal items and mails and process them according to their size, weight and thickness. These processes currently carried out manually. NEC is going to deliver the CFCs in the year 2019. The adaptation to automation will help the citizens to get timely services.
Table of Contents – Major Key Players
1 Executive Summary
2 Market Dynamics
3 Global Postal Automation System Market, By Technology
4 Global Postal Automation System Market, By Components
5 Global Postal Automation System Market, By Application
6 Global Postal Automation System Market, By Region
7 Competitive Landscape
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