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Route Optimization Software Market 2019 Industry Trends by Leading Key Players ALK Technologies, Quintiq, Descartes, Caliper, Esri, Microlise, Llamasoft, Ortec, Paragon Software Systems

04-11-2019 03:20 PM CET | IT, New Media & Software

Press release from: Market Research Future MRFR d

Route Optimization Software Market 2019 Industry Trends

The report on the Global Route Optimization Software Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Overview:
The Route Optimization Software Market is accelerating fast as online cab booking service becoming a household method to hail cabs. The software aims at maximizing the workflow by bringing in logistics, traditional & static planning, and real-time data under one single umbrella to chart a course that can satiate customer expectations. The global route optimization software market is expected to ride high with an 11.4% CAGR during the forecast period (2018-2023) and touch the market milestone of USD 5.07 billion by 2023, asserts Market Research Future (MRFR) in a detailed report. It further includes ballooning online cab booking services, and features such as easy deployment, cost-effectivity and ability to optimize workflow, as chief drivers to help the market expand in coming years.
However, threats of cyber attack or software lag can deter the route optimization software market growth. At the same time, lack of IT infrastructure in the underdeveloped region can bottleneck the expected growth during the forecast period.

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Segmentation:
The Global Route Optimization Software Market can be segmented by component, deployment, organization size, and vertical.
By component, the market can be segmented into software and services with software leading the market. Further segments of services are consulting services, map integration & software deployment, and support & maintenance.
Deployment-wise, the market comprises on-cloud and on-premises. On-cloud segment is the fastest growing one. On-premises is leading the segment.
Based on organization size, the market includes small & medium enterprises (SMEs), and large enterprises. Large enterprises segment is the leading one, whereas, SMEs can accelerate the most during the forecast period.
Vertical-based segmentation of the route optimization software market includes on-demand food delivery, retail & FMCG, field services, ride-hailing & taxi services, others. Retail & FMCG is leading the market, whereas, field services segment can attain the fastest CAGR during the forecast period.

Market Insight:
The Global Route Optimization Software Market is highly competitive as several companies are targeting the crest for their survival. For this, they are employing multiple strategies such as merger, acquisition, collaboration and other which in the long run, benefit the market as a whole as well.
For instance, in 2018, ALK Technologies has recently unveiled their PC Miler 32 which offers their latest standard commercial routing, mileage, and mapping software.
Descartes, on the other hand, has acquired PinPoint. Descartes has already made its name as a leader in uniting logistics-intensive businesses in commerce, and by taking over PinPoint, a provider of fleet tracking and mobile workforce solutions, it can cement its position in Canada.

Key Players
Prominent players involved in the route optimization software market are Omnitracs, ALK Technologies, Quintiq, Descartes, Caliper, Esri, Microlise, Llamasoft, Ortec, Paragon Software Systems, PTV Group, Route4me, Routific, Google, and others.

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Regional Analysis:
Region-wise segmentation of the route optimization software market spans across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America can be acknowledged the market leader based on its ability to generate revenues. It gets further boosting from the presence of major international companies. However, most of the profit the regional market has been making can be attributed to the infrastructural superiority. The region is fast catching up with the cloud-based and web-based technology as the residents are more willing to integrate the latest technologies into their lifestyle. Furthermore, an increasing amount of disposable income in the area can be seen as a potential market factor.
Europe is the second largest market, and its growth relies mostly on its shared features with North America. The APAC region can record the fastest CAGR during the forecast period. The region is witnessing several lifestyle changes, such as urbanization, rising level of disposable income and digitalization. As a result, smartphone sale has skyrocketed, and companies are getting fast accustomed with logistics management. The lure of eased out workflow has got the companies glued which are spurring the regional route optimization software market growth. Among the countries, Singapore, South Korea, India, and China are impacting the regional market the most.

TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued……..

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LIST OF TABLES
Table 1 Global Route Optimization Software Market, By Region, 2018—2023
Table 2 North America: Route Optimization Software Market, By Country, 2018—2023
Table 3 Europe: Route Optimization Software Market, By Country, 2018—2023
Table 4 Asia-Pacific: Route Optimization Software Market, By Country, 2018—2023
Table 5 The Middle East & Africa: Route Optimization Software Market, By Country, 2018–2023
Continued……

LIST OF FIGURES
FIGURE 1 Global Route Optimization Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Route Optimization Software Market
FIGURE 4 Value Chain Of Global Route Optimization Software Market
FIGURE 5 Share Of Global Route Optimization Software Market In 2018, By Country (In %)
Continued……

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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