Mailroom Management Software Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[201+ Pages Report] According to Facts and Factors, the global mailroom management software market size was worth around USD 352.30 million in 2021 and is estimated to grow to about USD 443.21 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.90% over the forecast period. The report analyzes the mailroom management software market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the mailroom management software market.

Market Overview

Software for mailroom management helps businesses manage their mailing and shipping operations. In a busy office environment, it's critical to have a well-organized mailroom management system for automating the complicated process of sorting, receiving, and distributing all incoming mail. Businesses can sort, filter, and distribute mail offline and online using the mailroom management software as a one-stop shop. To upload mail, invoices, parcels, subscriptions, and more to an organization's secure server, there is a need for a scanner.

Due to this, businesses worldwide are seeing a general decrease in operational costs and improved customer service. Due to the automation of mail and its management process, companies are less dependent on manual procedures, which lowers their personnel costs. The market for mailroom management software is anticipated to expand significantly over the coming years for the reasons listed above. 

COVID-19 Impact:

The COVID-19 epidemic has dramatically influenced the mailroom management software market. Globally, the sector exhibited signs of recovery in the second quarter, but full recovery remains a concern as COVID-19 instances continue to rise, particularly in Asian nations such as India. The sector has experienced several setbacks and shocks since the outbreak. Due to the pandemic, several changes in buyer behavior and thinking have occurred. As a result, market growth is likely to be constrained.

Key Insights

• As per the analysis shared by our research analyst, the global mailroom management software market value will grow at a CAGR of 3.90% over the forecast period. 
• In terms of value, the global mailroom management software market size was valued at around USD 352.30 million in 2021 and is projected to reach USD 443.21 million by 2028.
• Due to the automation of mail and its management process, businesses are less dependent on manual procedures, which lowers their personnel costs. The market for mailroom management software is anticipated to expand significantly over the coming years for the reasons listed above. 
• By type, the cloud-based segment will dominate the market in 2021.
• By application, the large Business segment will dominate the market in 2021.
• North America will dominate the global mailroom management software market in 2021.

Growth Drivers

• The shift from traditional to automated management solutions is likely to pave the way for global market growth 

Work can be completed without a human touch due to mail management software's complete automation. This supports reducing labor costs by saving time and better utilizing available resources. Automation increases accuracy by decreasing the likelihood of human error. The mailroom management software aids in enhancing customer service by preventing communication failures or disruptions. All these factors are expected to influence market demand throughout the projection period. In the upcoming years, it is also projected that rising ICT spending globally on hardware, software, services, new technologies, and communications, among other things, will add to the market's expansion. The market for mailroom management software will benefit from a boost in consumer buying power due to higher disposable income.

Restraints

• The high cost of services may hamper the global market growth

Issues with the mailroom service data security and increased service costs restrain market expansion. Due to limited funding, it is challenging for small and medium-sized businesses (SMEs) to invest in these services at first. Document management services may be vulnerable to cyberattacks, necessitating data security and compromising customer privacy.

Growth Opportunities

• The shift from traditional to automated management solutions is likely to pave the way for global market growth 

The mailroom management software market has shown excellent growth opportunities in recent years, and this trend is expected to continue in the years to come. Increased investments in R&D, the entry of new players, product innovation, technological advancements, efficient resource allocation, and growing competition among business rivals to increase their regional and customer bases all contribute to the growth of the mailroom management software industry. The future development of the mailroom management software market is expected to be influenced by favorable regulations, supportive government policies, and financial incentives. 

Segmentation Analysis

The global mailroom management software market is segregated based on type, application, and region.

Type, the market is divided into on-premise and cloud-based. Among these, the cloud-based segment dominated the market in 2021. It is also anticipated to generate significant profits during the expected time frame. The benefits of cloud-based software, such as anytime and anywhere access, are credited with the segmental rise. 

By application, the market is segregated into small, medium-sized, and large businesses. Among these, the large business segment will dominate the market in 2021. Outsourcing the mailroom can provide major firms with immediate benefits in the form of cost reductions, time savings and increased output. Throughout the projection period, all these factors will support the large business segment's dominance of the overall market share.

Report Scope

Recent Developments

• In June 2021 - Exela Technologies, Inc. expanded its "digital mailroom (DMR) Platform" for SMEs to allow online registration in the United Kingdom. SMEs and professionals in the U.K. might join up for the Exela DMR, enabling them to receive inbound mail as digitized documents available through the DMR portal, obtain a virtual office address, and acquire a virtual office address.

Regional Landscape

• The growing I.T.I.T. sector will likely help North America dominate the global market.

North America dominated the global mailroom management software market in 2021. A large customer base drawn to technologically advanced customer interface software would enhance the regional market increase during the projection timeline. The significant presence of leading market players in nations like the United States has significantly contributed to the regional market expansion. The growing I.T.I.T. sector in the United States has contributed substantially to expanding the regional market. One of the key factors boosting this region's mailroom management software market is the rising demand for mail automation, mail security, and mail traceability. Market growth for mailroom management software is anticipated to be influenced by favorable government initiatives, incentives, and regulations. As disposable income rises, consumers' purchasing power will increase, increasing the demand for mailroom management software.

Competitive Landscape 

Key players within the global mailroom management software market include 

• Envoy Deliveries 
• Earth Class Mail 
• Mailform 
• AutoMail LLC 
• Stamps.com 
• Click2Mail Mailing Online 
• Notifii 
• SphereMail 
• iPostal1 
• EZTractIt

Global Mailroom Management Software Market is segmented as follows:

By Type

• On-Premise
• Cloud-Based

By Applications

• Small Business
• Medium-sized Business
• Large Business

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America