Read These Tips About Automated Parcel Delivery Terminals Market To Double Your Business.

Automated parcel delivery terminals are computer-controlled delivery solutions furnished with several storage units to stock parcels, which need to be delivered/returned to/by recipients. The recipient is required to authenticate his/her identity by providing a verification code received through SMS/e-mail before taking possession of or returning the parcel.

Automated parcel delivery terminals that are deployed on the premises of a company or business park or within a secured area are generally referred to as indoor automated parcel delivery terminals. These indoor terminals have gained a lot of popularity in recent times to the various benefits associated with deploying them in indoor spaces, such as convenience for end-users, which are generally residents or office employees.

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The automated parcel delivery terminals deployed in public open spaces, such as in multi-family communities, marketplaces, transportation hubs, and near grocery and pharmacy stores are generally referred to as outdoor terminals. The 2 segments have been ranked based on their market size in 2018. Indoor constituted the largest segment in 2018, while the smallest segment was outdoor. The global automated parcel delivery terminals market will grow at a CAGR of 11.13% during the forecast period.

With the rapidly developing Internet services and network and advances in distribution channels, modernization of parcel delivery system has become prevalent. As a result, parcel delivery vendors have started automating their operations to meet the need for quick delivery. The growing e-commerce industry has further augmented the need for an efficient delivery system. Vendors have come up with automated parcel delivery terminals from where customers can collect packages at their convenience. Such technological advances in the delivery systems not only help retailers and e-commerce companies in fulfilling consumer demand in real-time but also aid in reducing operational costs.

Automated parcel delivery terminals help sellers and logistics service providers in eliminating losses incurred because of failures in last-minute delivery. Also, the POS systems installed in automated terminals simplify COD and other easy payment methods. Such enhancements in automated delivery systems, will have a significant influence in the growth of the automated parcel delivery terminals market growth over the forecast period.

The indoor segment held the largest market share in 2018 and will account for the highest automated parcel delivery terminals market share over the forecast period as well. The easy to install, safety, proximity, lower maintenance, and greater lifespan features of indoor parcel delivery terminals will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the automated parcel delivery terminals market size.

With a complete study of the growth opportunities for companies, it has been identified that Europe will account for the highest share of the automated parcel delivery terminals market throughout the forecast period. Factors such as the extensive presence of vendors and the growing awareness about greenhouse gas emissions are contributing to the automated parcel delivery terminals industry growth in the region.

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