APAC Express Delivery Market to Grow at Highest CAGR during Forecast Period
The global "express delivery market" the market was valued at US$ 239337.5 million in 2019 and is projected to reach US$ 378233.7 million by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027.
Several vendors present in North America are increasingly focusing on providing distinct types of services, such as packaging, product grading, assortment, online parcel tracking, email alerts, mobile applications, and SMS alerts.
Furthermore, the adoption of software-as-a-service (SaaS) is more prevalent in BFSI, logistics and transportation, electronics, retail, and E-commerce sectors of North America than other verticals. The region is moving to adopt advanced technologies to digitalize every vertical industry present in the region, and thus, boosting the adoption of cloud services from SaaS.