Global Route Optimization Software Market Overview
Introduction:
Route optimization is most effective software which is also known as route scheduling software. Route optimization software is primarily used in order to improve operational efficiency through better route scheduling. Route optimization software is most effective tool which is being used for many commercial applications. Logistics companies with small and large fleets may incorporate route planning software into fleet management to minimize transportation cost and boost profits. Route optimization software helps deliver better service within time frame. The Route Optimization Software Market accounted for US$ 3.39 billion in 2020 and is estimated to be US$ 10.08 billion by 2030 and is anticipated to register a CAGR of 11.5%.
Global Route Optimization Software Market Dynamics
Rising Demand for Route Optimization Software
Demand for route optimization software is growing across the globe, since it offers optimize route scheduling which improves operational efficiency, resulting into reduced transportation time span. This is major factor driving growth of the global route optimization software market. In addition, GPS tracking system and advance reporting features which creates visibility over logistics processes and helps dispatchers to prevent unplanned stops are factors supporting growth of the global route optimization software market. Furthermore, increasing penetration of internet across the globe, coupled with rising smartphones sales and continuously implementing internet connectivity offers appropriate service to end user that he can use software conveniently. These are factors boosting growth of the global route optimization software market. Moreover, growing online services such as food and products delivered at home within time a constraint is a factor supporting to growth of the global route optimization software market. However, lack of awareness and high cost associate with software may hamper growth of the target market in the near future.
Global Route Optimization Software Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
Global route optimization software market has been segmented on the basis of component, deployment type, organization size, industry vertical, and region.
On the basis of component, the target market is classified into software and services. Based on deployment type, the global market bifurcated into on-premises and cloud. On the basis of organization size, the target market categorized into large enterprise and small enterprise. Based on industry vertical, the global market is classified into retail and FMCG, homecare and field services, taxi, and food delivery service.
Regional Insights:
The global Route Optimization Software market accounted for US$ 3.39 billion in 2020 and is estimated to be US$ 10.08 billion by 2030 and is anticipated to register a CAGR of 11.5%. On the basis of region, the global route optimization software market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the highest revenue share in the target market, in 2018. This is attributed to increasing large scale investments in implementing route optimization software to address growing need for delivery efficiency and better driver convenience in countries in the region. Asia Pacific is expected to register the highest revenue in the near future, as countries such as China, India, Japan, Singapore and Australia offer lucrative opportunities for market players. Furthermore, the Latin America and Middle East are expected to gain traction, but the growth is expected to be stable during the forecast period.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Component - Software and Services By Deployment Type – On-Premises and Cloud By Organization Size – Large Enterprise and Small Enterprise By Industry Vertical - Retail and FMCG, Homecare and Field Services, Taxi, and Food Delivery Service |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Route Optimization Software market report based on Component, deployment type, organization size, by industry vertical and region.
Global Route Optimization Software Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
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- North America
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Rest of Middle East & Africa
Global Route Optimization Software Market Key Players
The Key players in the global route optimization software market includes FLS- Fastleansmart, GeoConcept SA., OptimoRoute Inc., Caliper Corporation, ORTEC B.V., Paragon Software Systems PLC., Prism Visual Software Inc., Route4Me Inc., Routific Inc., and Wise Systems, Inc.
Paragon Software Systems PLC.
Since 1994, Paragon Software has been delivering reliable software products and technology solutions to help every day users, IT professionals, and businesses keep data healthy and safe. We offer file systems and storage management, deployment, and migration of heterogeneous appliances and systems, data protection, business continuity and disaster recovery for hybrid environments.
Paragon Software, a leading file systems and storage management expert since 1994, and Sagemcom Broadband, a leading European group of the high added-value communication terminals, announce their partnership.
Global Route Optimization Software Market Company Profile
- FLS- Fastleansmart*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GeoConcept SA.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- OptimoRoute Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Caliper Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ORTEC B.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Paragon Software Systems PLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Prism Visual Software Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Route4Me Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Routific Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Wise Systems, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Route Optimization Software Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Route Optimization Software Strategies
- Key Questions this Study will Answer
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- By Component (Software and Services),
- By Deployment Type (On-Premises and Cloud),
- By Organization Size (Large Enterprise and Small Enterprise),
- By Industry Vertical (Retail and FMCG, Homecare and Field Services, Taxi, and Food Delivery Service),
- By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
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- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global Route Optimization Software Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
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FLS- Fastleansmart, GeoConcept SA., OptimoRoute Inc., Caliper Corporation, ORTEC B.V., Paragon Software Systems PLC., Prism Visual Software Inc., Route4Me Inc., Routific Inc., and Wise Systems, Inc.
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Route Optimization Software Market report segments the market basis of component, deployment type, organization size, industry vertical, and region.
The increased demand for route optimization solutions among digital mobility, shred mobility, and car sharing has also aided market expansion.
The North America accounted for the highest revenue share in the target market, in 2018.
The leading players operating in the Global Route Optimization Software Market includes FLS- Fastleansmart, GeoConcept SA., OptimoRoute Inc., Caliper Corporation, ORTEC B.V., Paragon Software Systems PLC., Prism Visual Software Inc., Route4Me Inc., Routific Inc., and Wise Systems, Inc.