According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global outlook on the Postal Services Industry. Global postal services industry continues to falter under the growing prominence of digital alternatives. With mail volumes continuously declining, postal industries in several countries are on the verge of reporting costs exceeding revenues
San Jose, California (PRWEB) January 16, 2012
The traditional practice of assessing GDP of a country for predicting the volume growth in mails is now passé. Though globally, economies are restoring, mail volumes continue to be on the declining trend. The postal industry is seen as entering into a new era where complete revamp of products and services portfolios would become the order of the day. Several postal organizations have added digital alternatives, such as e-commerce and digital mail to their portfolios. Digital channels also provide additional opportunities for enhancing service quality. With digital solutions being aggressively pursued, the share of core traditional products in the overall revenue mix is rapidly declining. However, digitalization has its own shortcomings. Connectivity and bandwidth limitations of the digital infrastructure comprise major growth barriers. Moreover, the functionality of Internet is not available to all the citizens, unlike postal services.
The global recession and slowdown in economy further eroded the postal services industry revenues in recent times. However, certain service segments managed to fare well during the crisis period. Tremendous growth was experienced by the postal financial institutions since the beginning of the crisis. Annual growth rates of savings accounts and number of postal deposits of about 15 leading postal financial institutions across the globe averaged 50% in 2008. There was only a marginal drop in parcel volumes across the globe, mainly attributed to the increase in e-commerce in several countries. In the US, the U.S. Postal Service (USPS) ended the year 2010 with a loss of US$8.4 billion. The operating restraint placed on USPS by the government, was cited as a more serious threat than recession. There were significant efforts to increase revenue and reduce costs. Despite the efforts, a sustainable business model has not yet been achieved by the USPS. The USPS has also been considering reviewing and closing down about 3,600 post offices in the country.
The research report titled “Postal Services: A Global Outlook” announced by Global Industry Analysts, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird’s eye view of the industry, highlights latest postal trends, and growth inhibitors as well as the negative impact of recent economic recession on the industry. Discussion on the industry’s regional markets are amply detailed with unbiased research commentary and punctuated with a number of fact-rich market data tables designed to provide the reader a rudimentary understanding of the prevailing market climate. Markets briefly synopsized to offer the reader a prelude to regional dynamics, include US, Canada, Japan, France, Germany, UK, Bulgaria, Finland, Bangladesh, China, India, Latin America and Middle East. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of postal companies worldwide.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.