Route Optimization Market - Forecasts from 2018 to 2023

The Route Optimization market is expected to grow at a CAGR of 15.04% over the forecast period of 2017-2023. The growth of this market is majorly attributed to increasing penetration of internet in many regions across the globe. Spurring smartphones sales coupled with continuously improving internet connectivity are providing favorable infrastructure where the end users can realize the complete potential of these software and systems. This is fueling the adoption of these solutions for use in various applications. Growth of e-commerce has been a major factor driving the growth of this market. Growing trends of getting food and products delivered at the doorsteps within significantly strict time constraints is increasing the demand for route optimization software, thus boosting the growth of this market.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Route Optimization value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are ALK Technologies, Caliper Corporation, The Descartes Systems Group Inc., Esri Global, Inc., Google, Routific Solutions Inc., LLamasoft Inc. and Microlise among others.

Segmentation

The route optimization market is segmented byproduct, deployment model, application and geography.

By product

Software
Services

By Deployment Model

On-premise
Cloud

By Application

Food Delivery
Ride Hailing Services
E-Commerce
Others

By Geography

North America

United States
Canada
Mexico
Others

South America

Brazil
Argentina
Others

Europe

UK
Germany
France
Italy
Others

Middle East and Africa

Saudi Arabia
UAE
Israel
Others

Asia Pacific

Japan
China
India
Australia
Others