Market Overview:
The global route optimization software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for on-demand food delivery, retail & FMCG, field services, ride hailing & taxi services, and others applications. Moreover, rising adoption of cloud-based route optimization software is also contributing to the growth of this market. However, lack of awareness about benefits offered by route optimization software is restraining the growth of this market. North America accounted for the largest share in 2017 and it is expected to maintain its dominance during the forecast period owing to technological advancements and growing demand for on-demand food delivery and retail & FMCG applications in this region.
Product Definition:
Route optimization software is used to improve the performance of transportation networks by finding the most efficient way to route vehicles or goods through them. The software can be used for both public and private transportation systems, and can optimize routes for cars, buses, trucks, trains, and ships. Route optimization is important because it can reduce traffic congestion and pollution, save drivers time and money, and improve the overall efficiency of transportation systems.
On-premises:
On-premises, it's usage and growth factor in Route Optimization Software market is expected to grow at a CAGR of XX% over the forecast period. The on-premises software solutions are deployed by organizations for better control over various data centers and servers that are used to run applications. On-premise software solutions offer benefits such as easy maintenance & deployment, high scalability & reliability, low latency connectivity between data centers, etc.
Cloud:
Cloud is a collection of remote servers that are connected to the internet. It provides shared resources and allows multiple users to access those resources simultaneously. The most common type of cloud service is the Infrastructure-as-a-Service (IaaS). IaaS enables customers to use software applications on virtual machines running on the cloud instead of their local computers. Another type of service provided by many clouds, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, etc.
Application Insights:
The others segment includes e-commerce, supply chain management, logistics and others. The other applications of the software include managing field services such as repair and maintenance for a fleet of vehicles or construction projects. Route optimization in this case helps companies to reduce costs by increasing efficiency. The on-demand food delivery segment dominated the market with a share of over 30% in 2017 owing to its rising adoption among restaurants and food chains across the globe for last mile delivery service.
The retail & FMCG application is expected to witness significant growth over the forecast period owing to increased penetration route optimization solutions in countries such as India, Thailand, Brazil and Australia among others where online shopping is very popular. Moreover, companies are entering into new markets through joint ventures with local players which provide access to untapped consumer bases resulting in higher sales volumes leadingto increased profitability for both parties involved i.e.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of prominent players such as HERE Technologies and Trimble Navigation Ltd. in this region. In addition, increasing demand for on-demand delivery services is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising investments by prominent companies in this region, such as Ola Cabs Pvt., Ltd., Zomato Media Pvt., and Foodpanda (India) Private Limited among others. Moreover, growing adoption of cloud computing solutions coupled with rising demand for on-demand food delivery services is likely to propel regional market development over the next eight years time frame.
Growth Factors:
- Increasing demand for optimized delivery services
- Rising number of e-commerce businesses
- Growing need for reducing transportation costs
- Proliferation of big data and analytics technologies
- Emergence of cloud-based route optimization software
Scope Of The Report
Report Attributes
Report Details
Report Title
Route Optimization Software Market Research Report
By Type
On-premises, Cloud
By Application
On-demand Food Delivery, Retail & FMCG, Field Services, Ride Hailing & Taxi Services, Others
By Companies
ALK Technologies, Caliper, Descartes, ESRI, Google, Llamasoft, Microlise, Omnitracs, Ortec, Paragon Software Systems, PTV Group, Quintiq, Route4me, Routific, Verizon Connect, Workwave, Fastleansamrt (FLS), MiT Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Route Optimization Software Market Report Segments:
The global Route Optimization Software market is segmented on the basis of:
Types
On-premises, Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
On-demand Food Delivery, Retail & FMCG, Field Services, Ride Hailing & Taxi Services, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALK Technologies
- Caliper
- Descartes
- ESRI
- Google
- Llamasoft
- Microlise
- Omnitracs
- Ortec
- Paragon Software Systems
- PTV Group
- Quintiq
- Route4me
- Routific
- Verizon Connect
- Workwave
- Fastleansamrt (FLS)
- MiT Systems
Highlights of The Route Optimization Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premises
- Cloud
- By Application:
- On-demand Food Delivery
- Retail & FMCG
- Field Services
- Ride Hailing & Taxi Services
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Route Optimization Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Route optimization software is a computer program that helps businesses find the most efficient routes for delivering products and services. The program can help businesses save time and money by finding better routes for deliveries, reducing traffic congestion, and improving customer service.
Some of the major companies in the route optimization software market are ALK Technologies, Caliper, Descartes, ESRI, Google, Llamasoft, Microlise, Omnitracs, Ortec, Paragon Software Systems, PTV Group, Quintiq, Route4me, Routific, Verizon Connect, Workwave, Fastleansamrt (FLS), MiT Systems.
The route optimization software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Route Optimization Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Route Optimization Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Route Optimization Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Route Optimization Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Route Optimization Software Market Size & Forecast, 2018-2028
4.5.1 Route Optimization Software Market Size and Y-o-Y Growth
4.5.2 Route Optimization Software Market Absolute $ Opportunity
Chapter 5 Global Route Optimization Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Route Optimization Software Market Size Forecast by Type
5.2.1 On-premises
5.2.2 Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Route Optimization Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Route Optimization Software Market Size Forecast by Applications
6.2.1 On-demand Food Delivery
6.2.2 Retail & FMCG
6.2.3 Field Services
6.2.4 Ride Hailing & Taxi Services
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Route Optimization Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Route Optimization Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Route Optimization Software Analysis and Forecast
9.1 Introduction
9.2 North America Route Optimization Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Route Optimization Software Market Size Forecast by Type
9.6.1 On-premises
9.6.2 Cloud
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Route Optimization Software Market Size Forecast by Applications
9.10.1 On-demand Food Delivery
9.10.2 Retail & FMCG
9.10.3 Field Services
9.10.4 Ride Hailing & Taxi Services
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Route Optimization Software Analysis and Forecast
10.1 Introduction
10.2 Europe Route Optimization Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Route Optimization Software Market Size Forecast by Type
10.6.1 On-premises
10.6.2 Cloud
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Route Optimization Software Market Size Forecast by Applications
10.10.1 On-demand Food Delivery
10.10.2 Retail & FMCG
10.10.3 Field Services
10.10.4 Ride Hailing & Taxi Services
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Route Optimization Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Route Optimization Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Route Optimization Software Market Size Forecast by Type
11.6.1 On-premises
11.6.2 Cloud
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Route Optimization Software Market Size Forecast by Applications
11.10.1 On-demand Food Delivery
11.10.2 Retail & FMCG
11.10.3 Field Services
11.10.4 Ride Hailing & Taxi Services
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Route Optimization Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Route Optimization Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Route Optimization Software Market Size Forecast by Type
12.6.1 On-premises
12.6.2 Cloud
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Route Optimization Software Market Size Forecast by Applications
12.10.1 On-demand Food Delivery
12.10.2 Retail & FMCG
12.10.3 Field Services
12.10.4 Ride Hailing & Taxi Services
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Route Optimization Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Route Optimization Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Route Optimization Software Market Size Forecast by Type
13.6.1 On-premises
13.6.2 Cloud
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Route Optimization Software Market Size Forecast by Applications
13.10.1 On-demand Food Delivery
13.10.2 Retail & FMCG
13.10.3 Field Services
13.10.4 Ride Hailing & Taxi Services
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Route Optimization Software Market: Competitive Dashboard
14.2 Global Route Optimization Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALK Technologies
14.3.2 Caliper
14.3.3 Descartes
14.3.4 ESRI
14.3.5 Google
14.3.6 Llamasoft
14.3.7 Microlise
14.3.8 Omnitracs
14.3.9 Ortec
14.3.10 Paragon Software Systems
14.3.11 PTV Group
14.3.12 Quintiq
14.3.13 Route4me
14.3.14 Routific
14.3.15 Verizon Connect
14.3.16 Workwave
14.3.17 Fastleansamrt (FLS)
14.3.18 MiT Systems
