Route Planning Software Market Scope
Route planning software deals will the optimal route between arrival and destination point as per transportation mode selected by the customer. While deciding this route, road traffic is also taken into considerations to make route more time convenient for the audience. It also offers different scenarios to review the cost of different route and choose the mode of the transportation as per the expectations. Companies are investing lots of money to in-built advanced facilities in their products. Utility of this software in various sectors helps in reducing operating costs, minimizing fuel usage, total route distances, stop duration, and average miles. Increasing fad for online cab booking and product delivery on specific time will boost the market for route planning software market.
According to AMA, the Global Route Planning Software market is expected to see growth rate of 18.23% and may see market size of USD9.22 Billion by 2026.
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product. Research Analyst at AMA estimates that United states Players will contribute to the maximum growth of Global Route Planning Software market throughout the predicted period.
Badger Maps (United States), MyRouteOnline (United States), Routific (Canada), Speedy Route (United States), Abivin vRoute (Singapore), RouteXL (Netherlands), Mapotempo (France), mobicrop (United States), OnTerra Systems (United States), FLS- Fastleansmart (Germany), Geoconcept (France), Optimoroute, Inc. (United States) and ORTEC (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Paragon Software Systems, PLC (London), Prism Visual Software, Inc. (United States), Route4Me, Inc. (United States) and Wise Systems, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Route Planning Software market by Type (Software and Service), by Application (On-Demand Food Delivery, Taxi road mapping, Home-care & Field Services, Retail & FMCG and Others) and Region with country level break-up.
On the basis of geography, the market of Route Planning Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increasing utility of Cloud deployment model
- Founding applications in almost every service sector
Market Drivers
- Emergence and growing interest towards Online Cab Booking
- Increasing necessity to speedup the processes
Opportunities
- Advent of new web-based services
- Requirement to lower down logistics cost
Restraints
- Shortage of IT infrastructure in the underdeveloped nations
Key Target Audience
Software manufacturer, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations