Route Optimization Software Market work $9,447 Million by 2023 - Comprehensive and Competitive Analysis of Leading Market Players - FLS- Fastleansmart, Geoconcept, MiTSystems, Optimoroute Inc., ORTEC, Paragon Software Systems PLC, Prism Visual Software In

The global route optimization software market was valued at $2,905 million in 2016, and is projected to reach $9,447 million by 2023, growing at a CAGR of 18.6% from 2017 to 2023.

The retail & FMCG industry vertical witnessed high demand for route optimization software in 2016, owing to growth in adoption of route management solutions by e-commerce retailers to reduce logistics costs and increase in operational efficiency.

Request Sample@ www.alliedmarketresearch.com/request-sample/4442

In addition, reduced investment cost in software implementation and pay-as-you-go deployment model in cloud deployment are expected to fuel the market growth in the near future. Moreover, the on-demand food delivery service industry has witnessed increased adoption of route optimization software across various regions, owing to strong demand for this service for the customers.

The Asia-Pacific route optimization software market dominated the market in 2016, owing to the high demand for route optimization software solutions and growth in the online transportation industry, including enterprises such as ANI Technologies Pvt. Ltd., Uber India Technology, Kiwitaxi, and others. Global players are focused on innovating efficient route optimization software to strengthen their product offering. In addition, industry participants focus on improving their route optimization software solutions to ensure competence and effectiveness of the route planning and management across other emerging markets such as Latin America, the Middle East, and Africa.

Asia-Pacific was the highest revenue contributor in 2016, accounting for around 37.46% share and is projected to grow at the highest CAGR of 20.2% during the forecast period, driven by growth in adoption of smartphones and logistics management in emerging countries such as Singapore, South Korea, and China.

Purchase Inquiry@ www.alliedmarketresearch.com/purchase-enquiry/4442

Dominating Market Players Profiled in the Report

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

All these players have adopted geographical expansion, mergers & acquisitions, product portfolio expansion, and partnership to enhance their market position.

Key Findings of the Route Optimization Software Market:

•The cloud deployment type accounted for the highest share of the global route optimization software market in 2016, growing at a CAGR of 19.2% from 2017 to 2023.

•Asia-Pacific route optimization software market generated the highest revenue in 2016, valued at $1,088 million.

•The SMEs segment dominated the route optimization software market, in terms of growth, during the forecast period.

•The U.S. dominated the global market in 2016. In addition, Canada, China, India, the UK, and the other emerging markets are anticipated to provide significant opportunities for major players.

The adoption of cloud deployments is on the rise, due to growth in demand for low-cost pay-as-you-go model, professional & managed services, and others. Moreover, with high growth rate and low supply‐“demand gap, the route optimization software market is expected to be highly competitive for the key players.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research 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 to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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: www.alliedmarketresearch.com

This release was published on openPR.