Industry Background:
Route optimization is defined as the process which is used to determine the most cost-efficient route. Several benefits of using route optimization software such as increase customer satisfaction, identifies the most cost-effective routes, reduces mileage., reduces avoidable transportation delays, decreases time spent planning routes, among others. Rising demand of logistics-specific solutions is like to be prime driver for market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ALK Technologies (United States), AMCS (Ireland), Caliper (United States), Descartes (Canada), Esri (United States), FLS (Germany), Geoconcept (France), Google (United States), Portatour (Austria), Llamasoft (United States), Maxoptra (United Kingdom), Microlise (United Kingdom) and Omnitracs (United States) |
This growth is primarily driven by Increasing Use of Logistics-Specific Solutions and Declining Hardware and Connectivity Costs and Increasing Demand for the Route Optimization Solutions regarding Digital Mobility and Shred Mobility.
Globally, a noticeable market trend is evident Technology Advancement regarding Route Optimization Software The Systems Software sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ALK Technologies (United States), AMCS (Ireland), Caliper (United States), Descartes (Canada), Esri (United States), FLS (Germany), Geoconcept (France), Google (United States), Portatour (Austria), Llamasoft (United States), Maxoptra (United Kingdom), Microlise (United Kingdom) and Omnitracs (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2017, The Descartes Systems Group Inc. (Canada) Company has acquired MacroPoint (United States) Company, which is an electronic transportation network providing location-based truck tracking as well as predictive freight capacity data content. Therefore, this acquisition would strengthen its position in the Route Optimization Software market.
In May 2018, Google Inc. (United States) Company has updated its Google Maps API platform for developers. The company has given a new name which is Google Maps Platform. Hence, this updated version of the Google Maps API platform will affect the growth of the market in the future.
Influencing Trend:
Technology Advancement regarding Route Optimization Software
Market Growth Drivers:
Increasing Use of Logistics-Specific Solutions and Declining Hardware and Connectivity Costs and Increasing Demand for the Route Optimization Solutions regarding Digital Mobility and Shred Mobility
Challenges:
Issue related to Security concerns and Lack of Skilled Professionals for Handling this Software
Restraints:
Handling Structured as well as Unstructured Data
Opportunities:
Growth of Software as a Service (SaaS) model and Real-time location data analysis and Increase in the Number of Small and Medium-Sized Businesses
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Route Optimization Software Market
- Analysis about New Entrants in Route Optimization Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Route Optimization Software Study Sheds Light on
The Route Optimization Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Route Optimization Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Route Optimization Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.