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Global Route Optimization Software Market Research Report - Segmented By Component (Software & Services), Vertical (On-Demand Food Delivery, Ride Hailing & Taxi Services, Field Services, and Retail & FMCG), Organization Size, Deployment Type, and Region - Global Forecast to 2027

Published: January, 2022
ID: 8352
Pages: 170

Route Optimization Software Market Size (2022 - 2027):

Route optimization software market is expected to grow by USD 8.54 billion by 2026 at the CAGR of about 12.6% during the forecast period. The growing use of IoT has made the market booming and is continuously increasing.

Driver and Restraints

There are many companies present in the routing optimization software market which have been increasing their growing efficiency, reduced cost and customer satisfaction majorly. Many industries track their products with the help of this app, and it provides a clear view of any business for customers as well as other companies that help one company to grow. The routing optimization software market has seen some increasing number of usage of cloud-based platforms, solutions that provide services and help drive the markets. Rising awareness among people with the usage of internet has made the market to grow at a significant rate. Increasing usage of live trackers and growing demand for online cab booking helps the market for routing optimization software market to expand globally. Initiatives taken by various governments help raise the growth value of the product. There has been growth in the number of connected devices in IoT that boosts the demand for online services and goods delivery.

People having incomplete knowledge about the usage of the internet has made it challenging to grow. The restraint that makes it difficult for the market to expand is customer related issues as different operating times and vehicles giving support. The primary factor challenge the market is in food delivery companies as customer satisfaction and delivery speed, find repeat customers, cost-cutting which provides a competitive advantage in a saturated market and logistic complications.

ROUTE OPTIMIZATION SOFTWARE MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

12.6%

Segments Covered

By Component, Deployment, Organization Size, Vertical and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

FLS-Fastleansmart,Geoconcept,MiTSystems,Optimoroute Inc,ORTEC,Paragon Software Systems PLC,Prism Visual Software Inc,Route4Me Inc,ROUTIFIC,Wise Systems Inc and Others.

 

 

The global routing optimization software market is segmented and sub-segmented as following:

Route Optimization Software Market - By Component:

  • Software

    • Map integration

    • Software Development

  • Services

    • Consulting

    • Support

    • Maintenance

Route Optimization Software Market - By Deployment:

  • On-premises

  • Cloud

The on-premises deployment type increases the market share by the high cost.

Route Optimization Software Market - By Organization Size:

  • Small and Medium Enterprises

  • Large enterprises

Route Optimization Software Market - By Vertical:

  • On-demand food delivery

  • Retail & FMCG

  • Field Services

  • Ride Hailing

  • Taxi Services among others

The retail and fast moving consumer goods are expected to lead the market for vertical segment.

Route Optimization Software Market - By Region:

  • North America

  • Europe

  • Asia Pacific

  • Middle-east & Africa

  • Latin America.

North America leads the market with other areas, and the Asia Pacific is seen to grow the market sale by higher prices by raising awareness about the internet to people.

Recent developments

  • There have been some new advancements in the routing optimization software market, such as Geoconcept recently launched Toursolver for Geoconcept which is an in-hand solution for optimization of tour maps dedicated to Geoconcept environment for professionals and solves many restraints related to customers work syncing and such issues.

  • PTC and IFS Partners expected to deliver powerful field service management and aerospace and defense solutions that optimize people and parts by merging the companies.

  • Wood industry leader Derome enhances customer experience with IFS Applications.

Top Companies in Route Optimization Software Industry

There are many key players for routing optimization software market such as:

  1. FLS- Fastleansmart

  2. Geoconcept

  3. MiTSystems

  4. Optimoroute Inc.

  5. ORTEC

  6. Paragon Software Systems PLC

  7. Prism Visual Software Inc.

  8. Route4Me Inc.

  9. ROUTIFIC

  10. Wise Systems Inc

Geoconcept Group is a merged company of Europe leading geographic information system provider and professional software firm option-Time, which has a revenue collection of about euros 12 million. The benefits provided by geo-optimization ranges from geo-marketing to local administration, emergency response, mobile sales force management and more. This company has its specialization in designing and publication of geographical optimization technologies for professionals.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Market Share Analysis                          

               5.2 Product Benchmarking                         

               5.3 Regional Presence                   

               5.4 Mergers & Acquistion Landscape                     

               5.5 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Route Optimization Software Market , by Component                           

                              6.1.1 Software  

                              6.1.2 Services    

                              6.1.3 Market Size Estimations & Forecasts (2022 - 2027)   

                              6.1.4 Y-o-Y Growth Rate Analysis              

                              6.1.5 Market Attractiveness Index           

               6.2 Route Optimization Software Market , by Vertical          

                              6.2.1 On-demand food delivery  

                              6.2.2 Ride Hailing            

                              6.2.3 Taxi Services          

                              6.2.4 Field Srvices           

                              6.2.5 Retail & FMCG       

                              6.2.6 Market Size Estimations & Forecasts (2022 - 2027)

                              6.2.7 Y-o-Y Growth Rate Analysis              

                              6.2.8 Market Attractiveness Index           

               6.3 Route Optimization Software Market , by Organization Size

                              6.3.1 Market Size Estimations & Forecasts (2022 - 2027)

                              6.3.2 Y-o-Y Growth Rate Analysis              

                              6.3.3 Market Attractiveness Index           

               6.4 Route Optimization Software Market , by Deployment type                 

                              6.4.1 Market Size Estimations & Forecasts (2022 - 2027)   

                              6.4.2 Y-o-Y Growth Rate Analysis              

                              6.4.3 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global  Route Optimization Software Market, by Region                        

               7.2 North America - Market Analysis (2022 - 2027)

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Component       

                              7.2.3 By Vertical              

                              7.2.4 By Organization Size           

                              7.2.5 By Deployment Type          

                              7.2.6 Y-o-Y Growth Rate Analysis              

                              7.2.7 Market Attractiveness Index           

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Component       

                              7.3.3 By Vertical              

                              7.3.4 By Organization Size           

                              7.3.5 By Deployment Type          

                              7.3.6 By Industry Vertical             

                              7.3.7 Y-o-Y Growth Rate Analysis              

                              7.3.8 Market Attractiveness Index           

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Component       

                              7.4.3 By Vertical              

                              7.4.4 By Organization Size           

                              7.4.5 By Deployment Type          

                              7.4.6 Y-o-Y Growth Rate Analysis              

                              7.4.7 Market Attractiveness Index           

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Component       

                              7.5.3 By Vertical              

                              7.5.4 By Organization Size           

                              7.5.5 By Deployment Type          

                              7.5.6 By Industry Vertical             

                              7.5.7 Y-o-Y Growth Rate Analysis              

                              7.5.8 Market Attractiveness Index           

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Component       

                              7.6.3 By Vertical              

                              7.6.4 By Organization Size           

                              7.6.5 By Deployment Type          

                              7.6.6 By Industry Vertical             

                              7.6.7 Y-o-Y Growth Rate Analysis              

                              7.6.8 Market Attractiveness Index           

8. Key Player Analysis                                   

               8.1 Geoconcept               

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 MiTSystems               

               8.3 Optimoroute, Inc                    

               8.4  ORTEC                        

               8.5 Paragon Software Systems                  

               8.6 PLC               

               8.7 Prism Visual Software, Inc.                  

               8.8  Route4Me, Inc                        

               8.9 ROUTIFIC                   

               8.10 Wise Systems, Inc.               

               8.11 FLS- Fastleansmart                

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  1. Global Route Optimization Software Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Route Optimization Software Market By Component, From 2022 - 2027 ( USD Billion )
  3. Global Software Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Services Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Route Optimization Software Market By Vertical, From 2022 - 2027 ( USD Billion )
  6. Global On-demand food Delivery Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Ride hailing & taxi services Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Field Services Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Retail and FMCG Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Route Optimization Software Market By Organization size, From 2022 - 2027 ( USD Billion )
  11. Global Route Optimization Software Market By Deployment Type, From 2022 - 2027 ( USD Billion )
  12. Global Route Optimization Software Market By Region, From 2022 - 2027 ( USD Billion )

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