The Latin America, Middle East and Africa Postal Automation Systems Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
A barcode is a special identification number or code given to a package before it is sent to the destination. When a package is dispatched, a barcode serves as a reference for the package to locate itself in various stages of transportation while also offering useful information for the client end recipient.
A process for classifying mail pieces for delivery by a carrier includes the steps of a) sorting a batch of letters in a first sorting pass, where each letter has a destination code that relates to one of a pre-defined number of delivery destinations for a carrier delivery route; and b) sorting a batch of flats in a first sorting pass, where each flat has a destination code that relates to one of the predetermined numbers of shipping destinations for a carrier delivery route.
The foundation of the postal system is anything transmitted from one individual (or entity) to the other who may be located anywhere around the globe. It is always a single thing that needs unique care. All letter and package sizes and forms are only restricted by the weight and dimension restrictions imposed by postal regulations. However, these things must be mass-produced to the greatest extent feasible if postal services are to be effective and affordable.
Postal automation systems solutions improve the efficiency of the movement of goods across the supply chain. Additionally, the nations in the area are gradually making the shift to economic growth and the adoption of cutting-edge technology. Due to the widespread use of the internet, residents of the area may now purchase their goods online, which streamlines sales due to postal automation systems. The booming economy of the United Arab Emirates is widely known. Over the anticipated term, all of these factors would encourage market expansion in the LAMEA area for postal automation systems.
The Brazil market dominated the LAMEA Postal Automation Systems Market by Country in 2021; thereby, achieving a market value of $20.7 million by 2028. The Argentina market is experiencing a CAGR of 11.5% during (2022 - 2028). Additionally, The UAE market would exhibit CAGR of 10.6% during (2022 - 2028).
Based on Technology, the market is segmented into Parcel Sorter, Culler Facer Canceller, Letter Sorter, Flat Sorter, Mixed Mail Sorter, and Others. Based on Type, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Government Postal and Commercial Postal. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Postal Automation Systems Market is Predict to reach $1.2 Billion by 2028, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vanderlande Industries B.V. (Toyota Industries Corporation), Pitney Bowes, Inc., Körber AG, Leonardo SpA, Lockheed Martin Corporation, NEC Corporation, Interroll Group, Fives Group, Toshiba Infrastructure Systems & Solutions Corporation and SOLYSTIC SAS.
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