Global Route Optimization Software Market: Emerging Trends, Major Key Players FASTLEANSMART UK LTD and GEOCONCEPT SA

According to the report, The global route optimization software market size was valued at $2,905 million in 2016, and is estimated to reach $9,447 million by 2023, growing at a CAGR of 18.6% from 2017 to 2028. The major factor driving the growth of the route optimization market is the increasing need for faster distribution of all goods and services across. The market is also driven by factors such as the increasing focus of businesses in reducing their logistics costs and increasing supply chain efficiency, especially in scenarios such as the growth of e-commerce.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global ROUTE OPTIMIZATION SOFTWARE industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Route Optimization Software market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Route Optimization Software players holding highest market share include FASTLEANSMART UK LTD, GEOCONCEPT SA, MITSYSTEMS and OPTIMOROUTE INC. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• FASTLEANSMART UK LTD
• GEOCONCEPT SA
• MITSYSTEMS
• OPTIMOROUTE INC
• ORTEC
• PARAGON SOFTWARE SYSTEMS PLC
• PRISM VISUAL SOFTWARE, INC
• ROUTE4ME, INC
• ROUTIFIC
• WISE SYSTEMS, INC

Segmental Analysis

Market Segment By DEPLOYMENT TYPE with focus on market share, consumption trend, and growth rate of ROUTE OPTIMIZATION SOFTWARE Market:
o Cloud
o On-premise

Market Segment By USER TYPE with focus on market share, consumption trend, and growth rate of ROUTE OPTIMIZATION SOFTWARE Market:
• SMEs
• Large Enterprises

Market Segment By INDUSTRY VERTICAL with a focus on market share, consumption trend, and growth rate of ROUTE OPTIMIZATION SOFTWARE Market:
• On-demand Food Delivery
• Taxi
• Homecare & Field services
• Retail & FMCG
• Others (SOLID WASTE COLLECTION, VEHICLES, AND AIRLINES)

Market Segment By SOLUTION with a focus on market share, consumption trend, and growth rate of ROUTE OPTIMIZATION SOFTWARE Market:
• SOFTWARE
• SERVICE

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Global Route Optimization Software Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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