Global Postal Automation System Market Highlights
In this rapidly changing world of technology, postal automation system market is projected to show major growth prospects during the forecast period. Major factor driving the postal automation system market is the increasing need for automation in almost all industry verticals.
The global postal automation system market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the postal automation system market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of postal automation system market. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of postal automation system market.
In the global postal automation system market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, postal automation system market is projected to contribute faster to the growth of revenue backed by increasing demand for automation and growing innovations in countries such as Japan, China and India. This is owning to the presence of key players like Toshiba Infrastructure Systems & Solutions Company (Japan), Mitsubishi Logistics, Inc. (Japan) and NEC Corporation (Japan) in the region.
The postal automation system market is growing rapidly over 9% of CAGR and is expected to reach at approx. USD 2 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Postal Automation System Market Research Report-Forecast to 2023”.
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Competitive Landscape
The prominent players in the Postal automation system market are – 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) among others.
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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.
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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.