Increasing use of logistics-specific solutions has helped to determine the shortest and most cost-effective route for logistics operations is driving the route optimization software market.
The route optimization software market is projected to grow from USD 2.95 billion in 2018 to USD 5.07 billion by 2023, at a CAGR of 11.4% during the forecast period. Factors, such as increasing use of logistics-specific solutions and declining hardware and connectivity costs are expected to drive the route optimization software market. Handling structured and unstructured data is a key factor restraining the growth of the market.
Based on component, the software segment is estimated to lead the route optimization software market in 2018.
Based on component, the software segment is estimated to lead the route optimization software market in 2018. Organizations improve the customer service and efficiency of their business & transportation processes by deploying route optimization software.
Based on deployment type, the on-premises segment is estimated to lead the route optimization software market in 2018.
Based on deployment type, the on-premises segment is estimated to lead the route optimization software market in 2018, as organizations need total control on the security of enterprise-sensitive data such as customer details, delivery route history, and maps.
Based on vertical, the retail & FMCG segment is estimated to lead the route optimization software market in 2018.
Based on vertical, the retail & FMCG segment is estimated to lead the route optimization software market in 2018. Route optimization software helps manufacturers, wholesalers, and retailers better track and optimize their omnichannel strategies, decrease the Cost to Service (CTS), increase operational efficiency, and offer enhanced customer satisfaction & experience and thereby deliver better customer service.
The Asia Pacific route optimization software market is expected to grow at the highest CAGR during the forecast period.
The route optimization software market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Factors such as a rise in the adoption of advanced technologies and increasing GDP of emerging economies are expected to drive the Asia Pacific route optimization software market.
In-depth interviews were conducted with the Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the route optimization software marketplace.
- By Company Type: Tier 1: 11%, Tier 2: 22%, and Tier 3: 67%
- By Designation: C-Level: 12%, Director Level: 50%, and Others: 38%
- By Region: North America: 37%, Europe: 25%, Asia Pacific: 25%, and RoW: 13%
Key vendors profiled in the report are:
- ALK Technologies (US)
- Caliper (US)
- Descartes (Canada)
- ESRI (US)
- Google (US)
- LLamasoft (US)
- Microlise (UK)
- Omnitracs (US)
- ORTEC (Netherlands)
- PTV Group (Germany)
- Quintiq (Netherlands)
- Route4Me (US)
- Routific (Canada)
- Verizon Connect (US)
- WorkWave (US)
Research Coverage
The route optimization software market has been segmented on the basis of component, deployment type, organization size, vertical, and region. Based on component, the route optimization software market has been segmented into software and services. Based on deployment type, the market has been segmented into on-premises and cloud. The route optimization software market has been segmented based on organization size into large enterprises and small and medium enterprises. Based on vertical, the market has been segmented into on-demand food delivery, ride hailing & taxi services, field services, retail & FMCG, and others. The route optimization software market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Key Benefits of Buying the Report:
The report will help market leaders and new entrants in the route optimization software market in the following ways:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the route optimization software market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to position their businesses better, and implement suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 North America: Market By Component
4.3 Europe: Market By Deployment Type
4.4 Asia Pacific: Market By Organization Size
4.5 Route Optimization Software Market, By Services & Top 3 Regions
5 Market Overview & Industry Trends
5.1 Market Dynamics
5.1.1 Introduction
5.1.2 Drivers
5.1.2.1 Increasing Use of Logistics-Specific Solutions
5.1.2.2 Declining Hardware and Connectivity Costs
5.1.3 Restraints
5.1.3.1 Handling Structured and Unstructured Data
5.1.4 Opportunities
5.1.4.1 Growth of the Software as A Service (SaaS) Model
5.1.4.2 Real-Time Location Data Analysis
5.1.5 Challenges
5.1.5.1 Security Concerns
5.2 Industry Trends
5.2.1 Case Studies
5.2.1.1 Fidelitone Implemented Llamasoft Transportation Optimization Solution to Improve the Efficiency of Its Delivery Routing and Frequency
5.2.1.2 American Newspaper Solutions Chose Route4me to Obtain Immediate Route Optimization and Locate Addresses
5.2.1.3 Returpack Chose AMCS Intelligent Optimisation Suite for Better Transport Overview and Highly Improved Customer Service
6 Route Optimization Software Market, By Component
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Consulting
6.3.2 Map Integration & Software Deployment
6.3.3 Support & Maintenance
7 Market By Deployment Type
7.1 Introduction
7.2 Cloud
7.3 On-Premises
8 Route Optimization Software Market, By Organization Size
8.1 Introduction
8.2 Small & Medium Enterprises
8.3 Large Enterprises
9 Route Optimization Software Market, By Vertical
9.1 Introduction
9.2 On-Demand Food Delivery
9.3 Retail & FMCG
9.4 Field Services
9.5 Ride Hailing & Taxi Services
9.6 Others
10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 Rest of Asia Pacific
10.5 Middle East & Africa (MEA)
10.5.1 Saudi Arabia
10.5.2 Qatar
10.5.3 Rest of Middle East & Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Competitive Situation and Trends
11.2.1 New Product Launches & Product Enhancements
11.2.2 Agreements, Collaborations & Partnerships
11.2.3 Acquisitions
11.2.4 Expansions
11.3 Market Ranking of Key Players
12 Company Profiles
12.1 ALK Technologies
12.2 Caliper
12.3 Descartes
12.4 ESRI
12.5 Google
12.6 Llamasoft
12.7 Microlise
12.8 Omnitracs
12.9 Ortec
12.10 Paragon Software Systems
12.11 PTV Group
12.12 Quintiq
12.13 Route4me
12.14 Routific
12.15 Verizon Connect
12.16 Workwave
12.17 Key Innovators
12.17.1 AMCS
12.17.2 Blujay Solutions
12.17.3 Fareye
12.17.4 FLS
12.17.5 Geoconcept
12.17.6 Maxoptra
12.17.7 Optimoroute
12.17.8 Portatour
12.17.9 Routesolutions
12.17.10 Scientific Logistics
12.17.11 Truckstops
13 Appendix
13.1 Industry Excerpts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (45 Tables)
Table 1 Route Optimization Software Market Size, By Component, 2016–2023 (USD Million)
Table 2 Software: Market Size By Region, 2016–2023 (USD Million)
Table 3 Services: Market Size By Service Type, 2016–2023 (USD Million)
Table 4 Services: Market Size By Region, 2016–2023 (USD Million)
Table 5 Consulting: Market Size By Region, 2016–2023 (USD Million)
Table 6 Map Integration & Software Deployment: Market Size By Region, 2016–2023 (USD Million)
Table 7 Support & Maintenance: Market Size By Region, 2016–2023 (USD Million)
Table 8 Route Optimization Software Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 9 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 10 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 11 Market Size By Organization Size, 2016–2023 (USD Million)
Table 12 Small & Medium Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 13 Large Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 14 Route Optimization Software Market Size, By Vertical, 2016-2023 (USD Million)
Table 15 Market Size By Region, 2016–2023 (USD Million)
Table 16 North America: Market Size By Country, 2016–2023 (USD Million)
Table 17 North America: Market Size By Component, 2016–2023 (USD Million)
Table 18 North America: Market Size By Service Type, 2016–2023 (USD Million)
Table 19 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 20 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 21 Europe: Route Optimization Software Market Size, By Country, 2016–2023 (USD Million)
Table 22 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 23 Europe: Market Size By Service Type, 2016–2023 (USD Million)
Table 24 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 25 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 26 Asia Pacific: Route Optimization Software Market Size, By Country, 2016–2023 (USD Million)
Table 27 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 28 Asia Pacific: Market Size By Service Type, 2016–2023 (USD Million)
Table 29 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 30 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 31 Middle East & Africa: Route Optimization Software Market Size, By Country, 2016–2023 (USD Million)
Table 32 Middle East & Africa: Market Size By Component, 2016–2023 (USD Million)
Table 33 Middle East & Africa: Market Size By Service Type, 2016–2023 (USD Million)
Table 34 Middle East & Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 35 Middle East & Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 36 Latin America: Route Optimization Software Market Size, By Country, 2016–2023 (USD Million)
Table 37 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 38 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 39 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 40 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 41 Market Evaluation Framework
Table 42 New Product Launches & Product Enhancements, February 2018- July 2018
Table 43 Agreements, Collaborations & Partnerships, August 2017- July 2018
Table 44 Acquisitions, November 2016- June 2018
Table 45 Expansions, January 2016-July 2018
List of Figures (29 Figures)
Figure 1 Market Segmentation: Route Optimization Software Market
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Route Optimization Software Market is Expected to Witness Significant Growth During the Forecast Period
Figure 8 Top 3 Leading Segments in the Route Optimization Software Market, 2018
Figure 9 Route Optimization Software Regional Market Scenario
Figure 10 Growing Demand for Logistics Specific Solutions is Driving the Route Optimization Software Market
Figure 11 Services Segment Projected to Grow at A Higher CAGR as Compared to Software Segment During Forecast Period
Figure 12 Cloud Segment Expected to Grow at A Higher CAGR Compared to On-Premises Segment During Forecast Period
Figure 13 Small & Medium Enterprises Segment Expected to Grow at A Higher CAGR Compared to Large Enterprises Segment During Forecast Period
Figure 14 North America Estimated to Lead Market in 2018
Figure 15 Route Optimization Software Market: Drivers, Restraints, Opportunities & Challenges
Figure 16 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period as Compared to Software Segment
Figure 17 On-Premises Segment Estimated to Lead Market in 2018
Figure 18 Large Enterprises Segment Estimated to Lead Market in 2018
Figure 19 Retail & FMCG Segment Estimated to Lead Market in 2018
Figure 20 North America is Estimated to Be the Largest Market for Route Optimization Software in 2018
Figure 21 Route Optimization Software Market in Asia Pacific Projected to Grow at the Highest CAGR During the Forecast Period
Figure 22 North America: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Companies Adopted New Product Launches & Product Enhancements as Key Growth Strategies Between January 2016 and July 2018
Figure 25 Market Ranking of Key Players in Route Optimization Software Market, 2017
Figure 26 Descartes: Company Snapshot
Figure 27 Descartes: SWOT Analysis
Figure 28 Google: Company Snapshot
Figure 29 Google: SWOT Analysis
Executive Summary
Companies Mentioned
- ALK Technologies
- AMCS
- Blujay Solutions
- Caliper
- Descartes
- ESRI
- Fareye
- FLS
- Geoconcept
- Key Innovators
- Llamasoft
- Maxoptra
- Microlise
- Omnitracs
- Optimoroute
- Ortec
- Paragon Software Systems
- Portatour
- PTV Group
- Quintiq
- Route4me
- Routesolutions
- Routific
- Scientific Logistics
- Truckstops
- Verizon Connect
- Workwave
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | September 2018 |
| Forecast Period | 2018 - 2023 |
| Estimated Market Value ( USD | $ 2.95 billion |
| Forecasted Market Value ( USD | $ 5.07 billion |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
