Global Postal Automation System Markets to 2026: Set to Exceed $1.5 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Postal Automation System - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Postal Automation System market accounted for $812.52 million in 2017 and is expected to reach $1,547.21 million by 2026 growing at a CAGR of 7.4% during the forecast period.
Increasing e-commerce industry, growing need for important mail and rising urbanizations are some of the key factors driving the market growth. In addition, the growth of the Internet of Postal Things (IOPT) provides ample opportunities for market growth. However, huge costs of initial investments and maintenance are hindering the market growth.
By technology, Parcel Sorters segment is anticipated to have considerable market share during the forecast period owing to growing demand in postal industries. In automated parcel sorter, the sorting of a parcel is done on a diverse basis as per the requirement of the user.
By geography, North America is expected to dominate the global market due to rising demand for automation and huge demand from diverse end user industries including BFSI, government, and others.
Components Covered:Software Services Hardware
Technologies Covered:Letter Sorters Mixed Mail Sorters Culler Facer Cancellers Flat Sorters Parcel Sorters Other Technologies
Applications Covered:Courier, Express, & Parcel Government Postal
Companies Profiled:Toshiba Pitney Bowes Siemens AG Leonardo Beumer Group NEC SOLYSTIC Fives Group Lockheed Martin Interroll Bowe Systec Opex National Presort (NPI) Bastian Solutions Vanderlande Industries
For more information about this report visit https://www.researchandmarkets.com/research/jn259l/global_postal?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005181/en/
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Related Topics:Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES
SOURCE: Research and Markets
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PUB: 01/18/2019 06:56 AM/DISC: 01/18/2019 06:56 AM