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$4.5 Bn Parcel and Postal Automation Systems Market by Product, Component, Application - Global Forecast to 2025 - Research and MarketsDUBLIN, Oct. 17, 2018 /PRNewswire/ -- The "Parcel and Postal Automation Systems Market by Product (Parcel Sorting Systems, Mail Sorting Systems, Automatic Reading and Coding systems), Component (Hardware, Software, Services), Application (Courier, Express & Parcel)- Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global parcel and postal automation systems market is expected to grow at a CAGR of 6.8% from 2018 to reach USD 4.5 billion by 2025. The growth of this market will be driven by factors such as growth in the e-commerce industry, increasing labor costs, and the rising need for automated sorting and delivery processes in the postal industry. On the other hand, the declining volume of traditional mails, along with design and operational challenges are expected to be the key challenges of this market. The global parcel and postal automation systems market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2025-by product (parcel sorting systems, mail sorting systems, automatic reading and coding systems, and parcel and postal software), component (hardware, software, and services), and application (courier, express, & parcel; government postal). The study also evaluates industry competitors and analyzes the market at regional and country level. Based on product type, parcel sorting systems segment accounted for the largest share of the global parcel and postal automation systems market in 2017. Rising parcel volumes and increasing adoption of automation technologies by many companies are the major factors responsible for the large share of this segment. On the basis of application, parcel and postal automation systems market is segmented into two major segments namely, government postal; and courier, express & parcels. Courier, express & parcels segment accounted for the largest share of the global parcel and postal automation systems market in 2017. However, government postal segment will witness the fastest growth during the forecast period owing to increasing adoption of digitization and developments in the government postal sector. An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the four major geographies (North America, Europe, Asia Pacific, Latin America, and Midle East & Africa) along with the coverage of major countries in each region. North America commanded the largest share of the global parcel and postal automation systems market in 2017, followed by Europe and Asia Pacific. The large share of this market is attributed to the highly growing e-commerce industry in the U.S., increasing demand for automation in the region, and presence of well-established infrastructure which allows implementation of advanced technologies. Key Topics Covered: 1 Introduction For more information about this report visit https://www.researchandmarkets.com/research/6zt79v/4_5_bn_parcel?w=5 Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager. About Research and Markets: View original content:http://www.prnewswire.com/news-releases/4-5-bn-parcel-and-postal-automation-systems-market-by-product-component-application---global-forecast-to-2025---research-and-markets-300732643.html SOURCE Research and Markets |