February 21, 2020
Digital Franking Machine Market Reflect Impressive Growth Rate
Digital Franking Machine Market – Introduction
- Digital franking machines, traditionally known as postage meters, are used to apply physical postage to the mailed matter. The modern form of post meters allow postage to be printed on the mail. Information such as destination, postage amount, zip code, mail class, and confirmation/tracking number is the data matrix which is printed on the mail.
- The advanced systems include signature confirmation, certified mail, and delivery confirmation in the digital franking machines.
- The increasing use of digital instruments which are automated in order to reduce the workload of the humans is expected to drive the digital franking machine market.
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Portability and operational efficiency driving the digital franking machine market
- Portability and operational efficiency is achieved at a greater level through digital franking machines. Operational expenses can be reduced to a greater extent with the help of these machines.
- Most digital franking instruments are wireless, i.e. they are battery operated and hence portable. Digital franking machines are compact and easy to carry. Thus, ease of operations drives the growth of the digital franking machine market.
High maintenance and integration cost associated with digital franking machine likely to restrain market growth
- Digital franking machines are fairly expensive as compared to traditional postage meters. The hardware of the digital franking machine has high maintenance as well as integration cost.
- Digital franking machines are mostly deployed in government offices where postal mails are sent. Most of the revenue is generated from the government sector; hence the limitation of funds is a major concern. Cost concerns associated with the hardware might restrain the growth of the digital franking machine market globally.