Global Route Optimization Software Market Size, Status and Forecast 2020-2026

Route optimization technologies are used to plan the sequence of stops for logistics operations, and include traditional, static planning capabilities, as well as real-time and dynamic routing solutions that support on-demand operations. Route optimization uses multiple factors and constraints to calculate the most efficient way to deliver while meeting customer expectations.
As per the geographic analysis, the route optimization software market in the APAC region is expected to grow at the highest rate during the forecast period, due to the increasing adoption of route optimization software amidst growing traffic congestion, the increasing vehicle sales in countries, and the growing implementation of smart transportation projects. North America is expected to hold the largest market size during the forecast period, owing to the large-scale investments in implementing route optimization software to address the growing need for delivery efficiency and better driver convenience.
Market Analysis and Insights: Global Route Optimization Software Market
In 2019, the global Route Optimization Software market size was US$ 2429.1 million and it is expected to reach US$ 3784.4 million by the end of 2026, with a CAGR of 6.5% during 2021-2026.
Global Route Optimization Software Scope and Market Size
Route Optimization Software market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Route Optimization Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Route Optimization Software market is segmented into On-premises, Cloud, etc.
Segment by Application, the Route Optimization Software market is segmented into On-demand Food Delivery, Retail & FMCG, Field Services, Ride Hailing & Taxi Services, Others, etc.
Regional and Country-level Analysis
The Route Optimization Software market is analysed and market size information is provided by regions (countries).
The key regions covered in the Route Optimization Software market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Route Optimization Software Market Share Analysis
Route Optimization Software market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Route Optimization Software business, the date to enter into the Route Optimization Software market, Route Optimization Software product introduction, recent developments, etc.
The major vendors include 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, etc.

This report focuses on the global Route Optimization Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Route Optimization Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

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

Market segment by Type, the product can be split into

On-premises
Cloud

Market segment by Application, split into

On-demand Food Delivery
Retail & FMCG
Field Services
Ride Hailing & Taxi Services
Others

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Route Optimization Software status, future forecast, growth opportunity, key market and key players.
To present the Route Optimization Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Route Optimization Software are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.