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According to market research report on "Correspondence Management System Market by Component, Delivery Channel (Email, Web, and SMS/MMS), Application (Mailroom Automation, Engineering Document Control), Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Global Correspondence Management System Market size is expected to grow from USD 1.9 billion in 2018 to USD 3.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period.
The key factors driving the Correspondence Management System Market include increasing need for automating and personalizing communication systems and timely and secured internal and external communications.
Moreover, they fail to follow up important communications.
The mailroom automation helps organizations classify their incoming correspondences as per their category, content and appearance, and send them to the respective department or the person.
Most of the enterprises are considering that customer communication data plays a crucial role in acquiring new customers and sustaining existing ones.
North America to hold the largest market size during the forecast period The global Correspondence Management System Market by region covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
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