ID: MRFR/SEM/2768-CR | February 2018 | Region: Global | 100 pages
Market Synopsis of Global Postal automation system Market:
The postal automation is gaining momentum due to increasing adoption of new technology such as optical character recognition and others and growing urbanizations are the factors which are propelling the postal automation system market. There some other factor which is boosting the market growth of postal automation including improving the living standard of people and increasing need for important mail. On December 19, 2016, NEC Corp signed a contract for culler facer cancellers in support of postal automation to supply thirteen systems for three of Swiss Post’s large-scale mail sorting centers. Adoption of artificial intelligence and machine learning are boosting the demand for the postal automation system market. For instance, the machine-printed and handwritten addresses are being done by the automation system, which requires little investments are more viable for the industries and consume less time.
The companies such as Toshiba Corporation (Japan), Mitsubishi Logistics, Inc. (Japan), Escher Group (U.S.), NEC Corporation (Japan), Accenture PLC (Ireland), Siemens AG (Germany), Fujitsu, Ltd. (Tokyo), are the leading manufacturers of the postal automation system in the market. With the advancement in technology, the companies are investing in the latest technologies with the advanced solutions to fulfill the need for their users. On 2 Sep 2016 Toshiba Corporation signed MOU with Federal State Unitary Enterprise Russian Post that improves the postal and logistics automation systems business in Russia. There is a various number of system that is being used in this postal automation including culler facer canceller, multi-sorting tilt-tray system, a tag reader, compact flat sorting machine, integrated reading, and video coding machine, compact letter sorter, open mail handling system, and others. The factors which are hampering the growth of the postal automation are increasing labor cost that has forced the manufacturer to adopt the postal automation system, installations cost, and the digital and electronic devices.
The global postal automation system market is bifurcated on the basis of the component, technology, applications, and region. The component is segmented into hardware, software, and services. The technology is segmented into delivery bar code sorter, facer canceller system, automated package processing system, automated parcel & bundle sorter, and others. The applications are segmented into the public post and private post. The region includes North America, Europe, Asia Pacific, and rest of the world.
The regional analysis of the postal automation system market is being studied in the region such as Asia Pacific, North America, Europe and Rest of the World. North America is one of the leading regions across the world in terms of market share in the postal automation system market as it has a huge demand from various sector including BFSI, government, and others. The postal automation system market in Europe region is expected to witness a rapid growth in the forthcoming period. Whereas, Asia Pacific countries like China, Japan, and India are emerging in the global postal automation system market and are expected to be the highest CAGR in the coming years.
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).
Frequently Asked Questions (FAQ) :
Facer Canceller System, Delivery Barcode Sorter, and others are the technology-wise segments covered in the report.
By component, the hardware segment is leading the global market and its growth rate is projected to be 10.75% during the evaluation period.
Siemens AG (Germany), Vanderlande (Netherlands), Solystic SAS (France), Escher Group (U.S.), NEC Corporation (Japan), Accenture PLC (Ireland), Mitsubishi Logistics, Inc. (Japan), Fujitsu, Ltd. (Tokyo), Toshiba Corporation (Japan), Falcon Autotech (India), are some of the most renowned vendors in the global market.
The report projects North America to be the largest market during the review timeframe.
The market is gaining immense momentum across the globe, on account of the rising adoption of the latest technologies like optical character recognition and others coupled with the increasing urbanization.
Rising labor cost can negatively influence the market growth in the coming years.
The segmental value of the public post office application in 2017 was USD 867.36 million.