Route Optimization Software Market Scope
Route optimization is defined as the process which is used to determine the most cost-efficient route. Several benefits of using route optimization software such as increase customer satisfaction, identifies the most cost-effective routes, reduces mileage., reduces avoidable transportation delays, decreases time spent planning routes, among others. Rising demand of logistics-specific solutions is like to be prime driver for market growth.
The market study is being classified, by Application (On-demand Food Delivery, Retail & FMCG, Field Services, Ride Hailing & Taxi Services and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Route Optimization Software market throughout the predicted period.
ALK Technologies (United States), AMCS (Ireland), Caliper (United States), Descartes (Canada), Esri (United States), FLS (Germany), Geoconcept (France), Google (United States), Portatour (Austria), Llamasoft (United States), Maxoptra (United Kingdom), Microlise (United Kingdom) and Omnitracs (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Optimoroute (United States), ORTEC (Netherlands), Paragon Software (United Kingdom), PTV Group (Germany), Quintiq (Netherlands), FarEye (India), Route4me (United States), RouteSolutions (United States), Routific (Canada), Scientific Logistics (United States), Truckstops (United Kingdom), Verizon Connect (United States) and Workwave (United States).
AdvanceMarketAnalytics has segmented the market of Global Route Optimization Software market by Type, Application and Region.
On the basis of geography, the market of Route Optimization Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018.
Market Leaders and their expansionary development strategies
In 2017, The Descartes Systems Group Inc. (Canada) Company has acquired MacroPoint (United States) Company, which is an electronic transportation network providing location-based truck tracking as well as predictive freight capacity data content. Therefore, this acquisition would strengthen its position in the Route Optimization Software market.
In May 2018, Google Inc. (United States) Company has updated its Google Maps API platform for developers. The company has given a new name which is Google Maps Platform. Hence, this updated version of the Google Maps API platform will affect the growth of the market in the future.
- Technology Advancement regarding Route Optimization Software
- Increasing Use of Logistics-Specific Solutions and Declining Hardware and Connectivity Costs
- Increasing Demand for the Route Optimization Solutions regarding Digital Mobility and Shred Mobility
- Growth of Software as a Service (SaaS) model and Real-time location data analysis
- Increase in the Number of Small and Medium-Sized Businesses
- Handling Structured as well as Unstructured Data
- Issue related to Security concerns
- Lack of Skilled Professionals for Handling this Software
Key Target AudienceRoute Optimization Software Providers, System Integrators, Value-added Resellers, Distributors, Channel Partners and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase