GLOBAL OPPORTUNITY AND FORECAST 2023 GLOBAL ROUTE OPTIMIZATION SOFTWARE MARKET Route optimization software provides end-to-end route planning and optimization solutions, including route navigation, work order management, efficient driving directions, live map, and delay management. The primary user types in route optimization software market are SMEs and large enterprises. Route optimization has emerged as a top trend across several industry verticals, such as on-demand food delivery, taxi, homecare & field services, retail & FMCG, and others, in the recent years, owing to enhanced route allocation and driver management solutions.

ROUTE OPTIMIZATION SOFTWARE MARKET ANALYST REVIEW The adoption of cloud deployments is on the rise, due to growth in demand for low- cost pay-as-you-go model, professional & managed services, and others. Moreover, with high growth rate and low supply‐“demand gap, the route optimization software market is expected to be highly competitive for the key players. Soumya Swarup Sahoo Research Analyst, ICT at AMR

CURRENT AND FUTURE MARKET SCENARIO The global route optimization software market was valued at $2,905 million in The global route optimization software is projected to reach $9,447 million by The global route optimization software market growing at a CAGR of 18.6% from 2017 to The cloud deployment type accounted for the highest share of the global route optimization software market in 2016, growing at a CAGR of 19.2% from 2017 to The SMEs segment dominated the route optimization software market, in terms of growth, during the forecast period.

TOP IMPACTING FACTORS TO MARKET GROWTH Higher Demand for Online Cab Booking. With surge in adoption of online cab bookings in several developing and developed regions, the market for route optimization software is expected to witness significant growth in the coming years. Increased Focus on Cloud Deployment Model. The cloud-based deployment model does not involve capital cost and is low on maintenance requirements. Hence, it is most preferred by various enterprises including SMEs and large enterprises. Lack of IT Infrastructure in the Underdeveloped Nations. Countries in Latin America, the Middle East, and Africa do not possess rich IT infrastructure and digital content, which in turn is expected to hinder the global route optimization software market growth in the near future. Growth in Internet of Things (IoT). Over the past few years, IoT is a key trend in the digital market. Rise in adoption of web-based services and advanced communication technology provides immense growth opportunities for route optimization businesses.

ROUTE OPTIMIZATION SOFTWARE MARKET SEGMENTATION BY DEPLOYMENT TYPE Cloud On-premise BY INDUSTRY VERTICAL On-demand Food Delivery Taxi Homecare & Field services Retail & FMCG Others BY SOLUTION Software Service BY SOLUTION Software Service Get PDF Sample

DOMINATING SEGMENTS CLOUD DEPLOYMENT SMES SEGMENT The cloud deployment type accounted for the highest share of the global route optimization software market in 2016, growing at a CAGR of 19.2% from 2017 to The SMEs segment dominated the route optimization software market, in terms of growth, during the forecast period.

GEOGRAPHICAL OVERVIEW Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific route optimization software market generated the highest revenue in 2016, valued at $1,088 million. The U.S. dominated the global market in In addition, Canada, China, India, the UK, and the other emerging markets are anticipated to provide significant opportunities for major players.

DOMINATING MARKET PLAYERS PROFILED IN THE STUDY FLS- Fastleansmart Geoconcept MiT Systems Optimoroute Inc. ORTEC Paragon Software Systems PLC Prism Visual Software Inc. Route4Me Inc. ROUTIFIC and Wise Systems Inc.

A Report Titled “Route Optimization Software Market- Opportunities And Forecasts, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Route Optimization Software Market- Opportunities and Forecasts Get PDF Sample Copy Follow Allied Market Research

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