Route Optimization Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Route Optimization Software Market covers analysis by Solution (Service and Software), Deployment Type (Cloud Based and On-Premise); Enterprise Type (Small and Medium Enterprises and Large Enterprises) and Industry Vertical (Food Delivery, Retail and Distribution, Healthcare, E-commerce and others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPTE00002057
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
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Route Optimization Software helps to improve operational efficiency through better route scheduling. This software allows companies to plan analyze create and deliver the most profitable route strategy. Route Optimization Software helps in cost cutting by providing a strategy such that more work can be done with fewer resources and in fewer miles.

With advancements in technology route optimization has become more 3-dimensional and dynamic, companies can monitor their resources and can check if the resource is being handled safely which can help in avoiding accidents, wear and tear of the resource. Due to increase in demand for quick and reliable services route optimization software market is experiencing a high demand for more reliable solutions. Increase in efficiency, on-time delivery, cost-cutting and rising trend for IoT adoption are the factors expected to drive the market whereas the high cost of software is the major market restraint.

Route Optimization Software Market Analysis to 2028 is a specialized and in-depth study of route optimization software industry with a focus on the global market trend. The report aims to provide an overview of global route optimization software market with detailed market segmentation by Solution, deployment type, enterprise type, industry vertical and geography. The global route optimizing software market is expected to witness steady growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in Route Optimization Software market.


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global route optimizing software market based on solution, deployment type, enterprise type, and industry vertical. It also provides market size and forecast till 2028 for overall Route Optimization Software market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting Route Optimization Software market in these regions.

Also, key Route Optimizing Software market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, key development in the past five years. Some of the key players influencing the market are ROUTIFIC, Route4ME, Inc., Optimoroute, The Descartes Systems Group Inc., Paragon Software Systems plc, Locus Dispatcher, Routestar Solutions, Blue Soft 360, ABIVIN, and Samsara among others.


REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Table of Contents

1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2. Key Takeaways
3. Route Optimization Software Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Route Optimization Software Market -By Solution
3.2.2 Route Optimization Software Market -By Deployment Type
3.2.3 Route Optimization Software Market -By Enterprise Type
3.2.4 Route Optimization Software Market -By Industry Vertical
3.2.5 Route Optimization Software Market -By Region
3.2.6 By countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis

4. Route Optimization Software Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5. Route Optimization Software Market Analysis -Global
5.1 Route Optimization Software Market Overview
5.2 Route Optimization Software Market Forecast and Analysis
6. Route Optimization Software Market Revenue and Forecasts to 2028 - By Solution
6.1 Overview
6.2 Solution Market Forecasts and Analysis
6.3 Service Market
6.3.1 Overview
6.3.2 Service Market Forecasts and Analysis
6.4 Software Market
6.4.1 Overview
6.4.2 Software Market Forecasts and Analysis
7. Route Optimization Software Market Revenue and Forecasts to 2028 -By Deployment Type
7.1 Overview
7.2 Deployment Type Market Forecasts and Analysis
7.3 Cloud Based Market
7.3.1 Overview
7.3.2 Cloud Based Market Forecasts and Analysis
7.4 On Premises Market
7.4.1 Overview
7.4.2 On Premises Market Forecasts and Analysis
8. Route Optimization Software Market Revenue and Forecasts to 2028 -By Enterprise Type
8.1 Overview
8.2 Enterprise Type Market Forecasts and Analysis
8.3 Small and Medium Enterprises Market
8.3.1 Overview
8.3.2 Small and Medium Enterprises Market Forecasts and Analysis
8.4 Large Enterprises Market
8.4.1 Overview
8.4.2 Large Enterprises Market Forecasts and Analysis

9. Route Optimization Software Market Revenue and Forecasts to 2028 - By Industry Vertical
9.1 Overview
9.2 Industry Market Forecasts and Analysis
9.3 Food Delivery Market
9.3.1 Overview
9.3.2 Food Delivery Market Forecasts and Analysis
9.4 Cab on Demand Market
9.4.1 Overview
9.4.2 Cab on Demand Market Forecasts and Analysis
9.5 Retail and Distribution Market
9.5.1 Overview
9.5.2 Retail and Distribution Forecasts and Analysis
9.6 Healthcare Market
9.6.1 Overview
9.6.2 Healthcare Market Forecasts and Analysis
9.7 E-commerce Market
9.7.1 Overview
9.7.2 E-commerce Market Forecasts and Analysis
9.8 Others Market
9.8.1 Overview
9.8.2 Others Market Forecasts and Analysis

10. Route Optimization Software Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 North America
10.1.1 North America Route Optimization Software Market Overview
10.1.2 North America Route Optimization Software Market Forecasts and Analysis
10.1.2.1 North America Market Forecasts and Analysis - By Countries
10.1.2.1.1 US market
10.1.2.1.2 Canada market
10.1.2.1.3 Mexico market
10.1.2.2 North America Market Forecasts and Analysis - By Solution
10.1.2.3 North America Market Forecasts and Analysis - By Deployment Type
10.1.2.4 North America Market Forecasts and Analysis - By Enterprise Type
10.1.2.5 North America Market Forecasts and Analysis - By Industry Vertical
10.2 Europe
10.2.1 Europe Route Optimization Software Market Overview
10.2.2 Europe Route Optimization Software Market Forecasts and Analysis
10.2.2.1 Europe Market Forecasts and Analysis - By Countries
10.2.2.1.1 France market
10.2.2.1.2 Germany market
10.2.2.1.3 Italy market
10.2.2.1.4 Spain market
10.2.2.1.5 UK market
10.2.2.2 Europe Market Forecasts and Analysis - By Solution
10.2.2.3 Europe Market Forecasts and Analysis - By Deployment Type
10.2.2.4 Europe Market Forecasts and Analysis - By Enterprise Type
10.2.2.5 Europe Market Forecasts and Analysis - By Industry vertical
10.3 Asia pacific (APAC)
10.3.1 Asia Pacific Route Optimization Software Market Overview
10.3.2 Asia Pacific Route Optimization Software Market Forecasts and Analysis
10.3.2.1 Asia Pacific Market Forecasts and Analysis - By Countries
10.3.2.1.1 Australia market
10.3.2.1.2 China market
10.3.2.1.3 India market
10.3.2.1.4 Japan market
10.3.2.2 Asia Pacific Market Forecasts and Analysis - By Solution
10.3.2.3 Asia Pacific Market Forecasts and Analysis - By Deployment Type
10.3.2.4 Asia Pacific Market Forecasts and Analysis - By Enterprise Type
10.3.2.5 Asia Pacific Market Forecasts and Analysis - By Industry Vertical
10.4 Middle East and Africa (MEA)
10.4.1 Middle East and Africa Gaming Market Overview
10.4.2 Middle East and Africa Route Optimization Software Market Forecasts and Analysis
10.4.2.1 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.2.1.1 South Africa market
10.4.2.1.2 Saudi Arabia market
10.4.2.1.3 UAE market
10.4.2.2 Middle East and Africa Market Forecasts and Analysis - By Solution
10.4.2.3 Middle East and Africa Market Forecasts and Analysis - By Deployment Type
10.4.2.4 Middle East and Africa Market Forecasts and Analysis - By Enterprise Type
10.4.2.5 Middle East and Africa Market Forecasts and Analysis - By Industry Vertical
10.5 South America (SAM)
10.5.1 South America Route Optimization Software Market Overview
10.5.2 South America Route Optimization Software Market Forecasts and Analysis
10.5.2.1 South America Market Forecasts and Analysis -By Countries
10.5.2.1.1.1 Brazil market
10.5.2.2 South America Market Forecasts and Analysis - By Solution
10.5.2.3 South America Market Forecasts and Analysis - By Deployment Type
10.5.2.4 South America Market Forecasts and Analysis - By Enterprise Type
10.5.2.5 South America Market Forecasts and Analysis - By Industry Vertical

11. Industry Landscape
11.1 Mergers & acquisitions
11.2 Market Initiatives
11.3 New developments
11.4 Investment scenarios



12. Competitive Landscape
12.1 Competitive Product mapping
12.2 Market Positioning/ Market Share

13. Route Optimization Software, Key Company Profiles
13.1 ROUTIFIC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Components and services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Route4ME, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Components and services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 The Descartes Systems Group Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Components and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Paragon Software Systems plc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Components and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Locus Dispatcher
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Components and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Routestar Solutions
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Components and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Blue Soft 360
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Components and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ABIVIN
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Components and services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Samsara
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Components and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments



13.10 Optimoroute
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Components and services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology
The List of Companies:-
1. ROUTIFIC
2. Route4ME, Inc.
3. Optimoroute
4. The Descartes Systems Group Inc.
5. Paragon Software Systems plc
6. Locus Dispatcher
7. Routestar Solutions
8. Blue Soft 360
9. ABIVIN
10. Samsara

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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