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(USGovernment-News.Com, June 16, 2021 ) Post offices are increasingly launching mobile applications that provide additional services to customers. These mobile applications allow users to find a postal code, calculate the shipping cost, manage parcel pickup, give product information, locate a post office or postal drop off box, track the delivery status of a product, order picture postage with your photo and even play interactive stamp games. For instance, the Swiss Post’s app allows people to do much of the above but also handle payments and account queries via Post-Finance mobile application.
The postal services market consists of sales of postal services and related goods by entities (organizations, sole traders and partnerships) that provide postal services. This industry includes establishments involved in providing mail services under a universal service obligation. Mail services include the carriage of letters, printed matter, or mailable packages, including acceptance, collection, processing, and delivery. Postal services establishments often provide parcel and express delivery services in addition to the mail services. Only goods and services traded between entities or sold to end consumers are included.
Postal Services Market Report Segments:
By Type –
a. Express Postal Services
b. Standard Postal Services
Read More On The Global Postal Services Market Report:
The global postal services market reached a value of nearly $208,550.8 million in 2019, having decreased at a compound annual growth rate (CAGR) of -0.1% since 2015. The market is expected to decrease from $208,550.8 million in 2019 to $193,249.8 million in 2020 at a CAGR of -7.34%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 1.60% from 2021 and reach $200,766.9 million in 2023. The market is expected to reach $205,724.9 million in 2025 at a CAGR of 1.2%, and $214,654.3 million in 2030 at a CAGR of 0.9%.
Postal Services Market - By Type (Express Postal Services, Standard Postal Services) And By Region, Opportunities And Strategies - Global Postal Services Market Forecast To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, postal services market segments and geographies, postal services market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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