Route Optimization Software Market Value to Cross USD 16.3 Billion by 2030

As per the report, the global route optimization software market was pegged at $4.32 billion in 2020, and is estimated to generate $16.25 billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030.

Rise in information and computer technology expenditure and increase in adoption of online cab bookings have boosted the growth of the global route optimization software market. However, lack of IT infrastructure in developing countries hinders the market growth. On the contrary, the growth of internet of things (IoT) and adoption of web-based services & advanced communication technologies open new opportunities for the market players in the future.

Download Free Sample Report at: https://www.alliedmarketresearch.com/request-sample/4442

The service segment to portray the highest CAGR by 2030

By solution, the service segment would register the highest CAGR of 17.2% during the forecast period, as it ensures effective functioning of solution with transparency and control throughout the process. However, the software segment held the largest share in 2020, accounting for nearly three-fourths of the global route optimization software market, as it offers optimized route scheduling for pickup planning, freight arrive time approximation, route identification, and inventory routing.

The on-premise segment held the lion’s share

By deployment mode, the on-premise segment dominated the market in terms of revenue in 2020, contributing to nearly three-fourths of the global route optimization software industry, as the software can be managed internally by the company. However, the cloud segment is projected to register the highest CAGR of 18.7% from 2021 to 2030, as it offers access to applications & functionality.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4442

North America dominated the market in terms of revenue

By region, the market across North America held the largest share in 2020, contributing to nearly two-fifths of the market, due to demand for innovative route optimization software solutions to meet several operational and development demands. However, global route optimization software market across Asia-Pacific is anticipated to portray the highest CAGR of 16.6% during the forecast period, owing to high demand for route optimization software solution and the growth in online transportation industry in the region.

Key market players

  • FLS- Fastleansmart
  • Geoconcept
  • MiTSystems
  • Optimoroute, Inc.
  • ORTEC
  • Paragon Software Systems, PLC.
  • Prism Visual Software, Inc.
  • Route4Me, Inc.
  • ROUTIFIC
  • Wise Systems, Inc.

If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/4442

KEY FINDINGS OF THE STUDY –

  • Depending on solution, the software segment led the route optimization software market in terms of revenue in 2020.
  • By deployment mode, the on-premise segment accounted for the highest route optimization software market share in 2020.
  • According to enterprise size, the large enterprises accounted for the highest share in optimization software market analysis.
  • As per the industry vertical, the retail & FMCG segment accounted for the highest growth in the route optimization software market in 2020.
  • Region wise, North America generated the highest revenue in route optimization software market forecast.

Buy This Research Report at: https://bit.ly/3Ah0lXf

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Contact:           
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Leave a comment

Your email address will not be published. Required fields are marked *