Press release
Global Smart Parcel Locker Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Pitney Bowes Inc. and Ricoh are Key Players.
Global Smart Parcel Locker Market is expected to grow at a CAGR of 13.84% to reach a market size worth US$1274.291 Million by 2028.The prime factors propelling the growth of the global smart parcel locker market are the rise in establishing higher security and safety level for the parcels.
The global smart parcel locker market is expected to grow at a steady pace during the forecast period.
Smart parcel lockers integrate automated technology services to guarantee the delivery and protection of a shipment's contents. Smart parcel lockers are automated security systems that provide clients with updates regarding the movement and delivery of their products. They also offer secure codes that may be sent as SMS or QR codes to confirm delivery. Smart parcel lockers are used in parcel deliveries to help establish higher security and protection for the packages. The increasing adoption of smart parcel lockers by top shipping and courier businesses worldwide indicates the smart parcel locker market's potential for growth. The industry is anticipated to be driven by the expanding online marketplace. This system is widely used in commercial buildings and multi-tenant apartments to manage tall stacks of packages for numerous recipients, which will boost the overall market growth.
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The global smart parcel locker market is segmented into type, component, and geography.
By type, the market has been segmented into indoor and outdoor. The indoor will have a significant market share as the outdoor smart deployment locks are costly compared to indoor deployment. The weather exposure, which cut the outdoor lockers' lifespan to almost half, leads to difficulty compared to indoor lockers, which are safe inside.
Based on components, the market has been segmented into hardware, software, and services. The software and services will have a significant market share due to the automated security system that informs consumers about the movement and delivery of their items via notifications and certifies delivery using safe codes passed as QR codes or other SMS codes. These benefits of the software components are expected to boost the global smart parcel locker market growth.
By region, North America is expected to retain a considerable market share due to globalization and digitization, which are causing an increase in the delivery and receipt of mail, goods, and couriers. According to Pitney Bowes' parcel shipping index 2021 study, package volume and sales climbed by an average of 33% in the leading parcel shipment companies. According to FedEx's annual report 2021, the United States contributed roughly $64,941 million to the revenue from shipments each year.
The major global smart parcel locker market players are Smartbox Ecommerce Solutions Pvt. Ltd., eLocker Ltd., Pitney Bowes Inc., and Parcel Pending LLC. (Quadient SA), Ricoh, Cleveron, KEBA, Hollman Inc., TZ Limited, and VSGate.
This global smart parcel locker market has been analyzed into the following segments:
• By Type
o Indoor
o Outdoor
• By Component
o Hardware
o Software and Services
• By Geography
o North America
• United States
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• United Kingdom
• Germany
• France
• Spain
• Others
o Middle East and Africa
• UAE
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Explore More Report:
• Smart Locks Market: https://www.knowledge-sourcing.com/report/smart-locks-market
• Global E-Commerce Packaging Market: https://www.knowledge-sourcing.com/report/global-e-commerce-packaging-market
• Smart Office Market: https://www.knowledge-sourcing.com/report/smart-office-market
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Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail: info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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