Postal Automation System Market by Component (Hardware, Software, and Services), Technology (Culler Facer Canceller, Letter Sorter, Flat Sorter, Parcel Sorter), Application (Government, and Courier, Express & Parcel), and Region - Global Forecast to 2023
Postal Automation System Market By Component (Hardware), By Technology (Delivery Barcode Sorter, Facer Canceller System), Application (Public Post), - Forecast 2023
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Postal Automation Systems are technologies designed to streamline and automate various processes within postal services, including sorting, labeling, and tracking of mail and packages. These systems enhance operational efficiency and reduce processing times for postal organizations. The global Postal Automation System market is currently valued at US$921.4 Million. With a compound annual growth rate (CAGR) of 6.5%, the market is expected to reach US$1,431.8 Million by 2023–2030. The increasing volumes of parcels and letters, coupled with the need for accuracy and speed in mail processing, are driving the adoption of postal automation systems.