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Route Optimization Software Market Size, Share, Growth, Opportunities, and Forecast : 2018
Route Optimization Software Market by Solution (Software, Service), Deployment Type (Cloud and On-premise), User Type (SMEs and Large Enterprises), and Industry Vertical (On-demand Food Delivery, Taxi, Homecare & Field Services, Retail & FMCG, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
- Report Number: 188510
- Publish Date: 3-August-2018
Route Optimization Software Market Overview:
The Global Route Optimization Software Market was valued at $2,905 million in 2016, and is estimated to reach $9,447 million by 2023, growing at a CAGR of 18.6% from 2017 to 2023. Route optimization software, including cloud and on-premise deployment types, is offered by prominent solution providers, such as ORTEC, Paragon Software Systems, PLC, Prism Visual Software, Inc., Route4Me, Inc., and others, to enhance route management solutions among the users. The global route optimization software market is expected to witness significant growth, due to the rise in ICT expenditure by governments of various developed and the developing regions, including North America, Europe, and Asia-Pacific.
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The Asia-Pacific route optimization software market is expected to register the highest CAGR in the near future, as countries such as China, India, Japan, Singapore and Australia offer lucrative opportunities for market players. Global vendors are investing high capital on this market to improve the overall route optimization solution offering to ensure low-cost and optimized route planning for on-time product delivery. Moreover, increase in demand for low-cost cloud deployment is a key driver of the European route optimization software market.
Growth in number of connected devices in IoT and surge in demand for online service and goods delivery contribute to the route optimization software market growth in North America and Europe. LAMEA is expected to account less market share as compared to other regions, due to slow ICT spending and slow adoption of route optimization software. Furthermore, Latin America and Middle East are expected to gain traction, but the growth is expected to be stable during the forecast period.
Route Optimization Software Market Segmentation
The report segments the route optimization software market based on solution, deployment type, user type, industry vertical, and geography. On the basis of solution, the market is bifurcated into software and services. Based on user type, it is divided into the SMEs and large enterprises. On the basis of deployment type, it is categorized by cloud and on-premise deployment. Based on industry vertical, the market is classified into on-demand food delivery, taxi, homecare & field services, retail & FMCG, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report are FLS- Fastleansmart, Geoconcept, MiTSystems, Optimoroute, Inc., ORTEC, Paragon Software Systems, PLC, Prism Visual Software, Inc., Route4Me, Inc., ROUTIFIC, and Wise Systems, Inc. The report discusses the key strategies adopted by these companies along with the detailed analysis of the current trends, upcoming opportunities, and restraints with detailed information about their impacts.
Top Impacting Factors
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.
- In-depth analysis of the global route optimization software market and its dynamics is provided to understand the market scenario.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
- Porter’s Five Forces analysis examines the competitive structure of the market, and provides a clear understanding of factors that influence the market entry and expansion.
- A detailed analysis of the geographical segments enables the identification of profitable segments for key players in the route optimization software market.
- Comprehensive analysis of the trends, sub-segments, and key revenue pockets is provided in the report.
Route Optimization Software Market Key Segments:
By Deployment Type
By User Type
- Large Enterprises
By Industry Vertical
- On-demand Food Delivery
- Homecare & Field services
- Retail & FMCG
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Table Of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.3.1. Primary research
Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2.1. Top winning strategies
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.4. KEY PLAYER POSITIONING
220.127.116.11. Need for operational competency in route management
18.104.22.168. Lack of IT infrastructure in the underdeveloped nations
22.214.171.124. Growth in internet of things (IoT)
Chapter: 4 ROUTE OPTIMIZATION SOFTWARE MARKET, BY SOLUTION
4.2.1. Key market trends
4.3.1. Key market trends
Chapter: 5 ROUTE OPTIMIZATION SOFTWARE MARKET, BY DEPLOYMENT TYPE
5.2.1. Key market trends
5.3.1. Key market trends
Chapter: 6 ROUTE OPTIMIZATION SOFTWARE MARKET, BY USER TYPE
6.2.1. Key market trends
6.3. LARGE ENTERPRISES
6.3.1. Key market trends
Chapter: 7 ROUTE OPTIMIZATION SOFTWARE MARKET, BY INDUSTRY VERTICAL
7.2.1. Key market trends
7.3.1. Key market trends
7.4. HOMECARE & FIELD SERVICES
7.4.1. Key market trends
7.5. RETAIL & FMCG
7.5.1. Key market trends
7.6. OTHERS (SOLID WASTE COLLECTION, VEHICLES, AND AIRLINES)
7.6.1. Key market trends
Chapter: 8 ROUTE OPTIMIZATION SOFTWARE MARKET, BY GEOGRAPHY
8.2.1. Key trends
126.96.36.199. Market size and forecast, by solution
188.8.131.52. Market size and forecast, by solution
184.108.40.206. Market size and forecast, by solution
8.3.1. Key market trends
220.127.116.11. Market size and forecast, by solution
18.104.22.168. Market size and forecast, by solution
22.214.171.124. Market size and forecast, by solution
126.96.36.199. Market size and forecast, by solution
188.8.131.52. Market size and forecast, by solution
8.3.13. Rest of Europe
184.108.40.206. Market size and forecast, by solution
8.4.1. Key market trends
220.127.116.11. Market size and forecast, by solution
18.104.22.168. Market size and forecast, by solution
22.214.171.124. Market size and forecast, by solution
126.96.36.199. Market size and forecast, by solution
8.4.12. Rest of Asia-Pacific
188.8.131.52. Market size and forecast, by solution
8.5.1. Key market trends
184.108.40.206. Market size and forecast, by solution
8.5.9. Middle East
220.127.116.11. Market size and forecast, by solution
18.104.22.168. Market size and forecast, by solution
Chapter: 9 COMPANY PROFILES
9.1. FASTLEANSMART UK LTD.
9.1.1. Company overview
9.2. GEOCONCEPT SA
9.2.1. Company overview
9.3.1. Company overview
9.4. OPTIMOROUTE INC.
9.4.1. Company overview
9.5.1. Company overview
9.6. PARAGON SOFTWARE SYSTEMS PLC
9.6.1. Company overview
9.7. PRISM VISUAL SOFTWARE, INC.
9.7.1. Company overview
9.8. ROUTE4ME, INC.
9.8.1. Company overview
9.9.1. Company overview
9.10. WISE SYSTEMS, INC.
9.10.1. Company overview
LIST OF TABLES
TABLE 1. GLOBAL ROUTE OPTIMIZATION SOFTWARE MARKET, BY SOLUTION, 2016-2023 ($MILLION)
LIST OF FIGURES
FIGURE 1. MARKET SEGMENTATION: ROUTE OPTIMIZATION SOFTWARE MARKET