Categories: News

Route Optimization Software Market to Record a 17.65% Y-O-Y Growth Rate in 2022 |Advanced Route Optimization that Strengthens Shippers, LSPs & Carriers to Boost Market | Technavio

NEW YORK, March 3, 2022 /PRNewswire/ — The “Route Optimization Software Market – Competitive Analysis, Drivers, Trends, Challenges, and Five Force Analysis” report has been added to Technavio’s offering. The route optimization software market size is expected to increase by USD 4.52 billion, at a CAGR of 18.69% from 2021 to 2026. Also, the market to record a 17.65% Y-O-Y growth rate in 2022.

For more insights on the route optimization software market- Download a free sample
now!

Market Dynamics

The key factor driving the global route optimization software market growth is advanced route optimization that strengthens shippers, LSPs, and carriers. The route optimization software is used in a variety of industries, including retail and e-commerce, 3PL service providers, home services, retail, consumer products and goods (CPG), and fast-moving consumer goods (FMCG). Advanced route optimization considers internal and external data for uninterrupted freight management from origin to destination. The route optimization capability within the TMS validates freights location, identifies potential risks, generates reports to uncover insights, and provides analytics that allows the user to manage or prevent risks. Such factors are expected to positively impact the growth of the market in focus during the forecast period.

Howeverthe key challenge to the global route optimization software market growth is the security concerns, as the software is used in many industries including retail, e-commerce, and fast-moving consumer goods (FMCG). The retail and e-commerce sectors account for the lion’s share of the route optimization software industry. The program assists businesses in avoiding costly delivery blunders by guaranteeing proper client addresses, tracking delivery personnel, and keeping consumers updated on the delivery progress. VRPTWs must be resolved everywhere, including bank, postal, restaurant, and grocery deliveries, as well as school bus routing and security patrol services. The risk of package loss or damage or theft is most in such cases. This is expected to limit the adoption of the software, thereby negatively impacting the market growth throughout the forecast period.

Company Profiles

The route optimization software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Alphabet Inc., AMCS Group, Aptean Group of Companies, BluJay Solutions Inc., Caliper Corp., Dassault Systemes SE, Descartes Systems Group Inc., Environmental Systems Research Institute Inc., FLS GmbH, IFS World Operations AB, Microlise Group Plc, Nomadia, OptimoRoute Inc., ORTEC B.V, Prism Visual Software Inc., PTV Planung Transport Verkehr AG, Route4Me Inc., Routific Solutions Inc., Trimble Inc., Verizon Communications Inc., and Wise Systems Inc., etc.

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Deployment, the market is classified as cloud-based and on-premise.
    The route optimization software market share growth by the cloud-based segment will be significant for revenue generation. The high demand for cloud-based route optimization software will drive the growth of the market in focus in the coming years. This is attractive to businesses that perform route planning functions from multiple distribution centers and want to centralize or coordinate these functions without being tied to physical access points.
  • By Geography, the market is classified as North America, Europe, APAC, South America, the Middle East, and Africa. North America will have the largest share of the market. 57% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for route optimization software in North America. Market growth in this region will be faster than the growth of the market in the Middle East and Africa, Europe, and South America. The significant increase in the demand for route optimization software to ensure a continuous and timely supply of services will facilitate the route optimization software market growth in North America over the forecast period.

To gain further insights on the market contribution of various segments – Download a
free sample now!

Related Reports –
Sports Analytics Market -The sports analytics market share is expected to increase by USD 2.93 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 20.65%. Download a free sample now!

Digital Process Automation Market –The digital process automation market share is expected to increase by USD 8.08 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.46%. Download a free sample now!

Route Optimization Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.69%

Market growth 2022-2026

USD 4.52 billion

Market structure

Fragmented

YoY growth (%)

17.65

Performing market contribution

North America at 57%

Competitive landscape

Leading companies, competitive strategies, consumer
engagement scope

Companies profiled

Alphabet Inc., AMCS Group, Aptean Group of
Companies, BluJay Solutions Inc., Caliper Corp.,
Dassault Systemes SE, Descartes Systems Group
Inc., Environmental Systems Research Institute Inc.,
FLS GmbH, IFS World Operations AB, Microlise Group
Plc, Nomadia, OptimoRoute Inc., ORTEC B.V, Prism
Visual Software Inc., PTV Planung Transport Verkehr
AG, Route4Me Inc., Routific Solutions Inc., Trimble
Inc., Verizon Communications Inc., and Wise Systems
Inc.

Market Dynamics

Parent market analysis, Market growth inducers and
obstacles, Fast-growing and slow-growing segment
analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period,

Customization purview

If our report has not included the data that you are
looking for, you can reach out to our analysts and get
segments customized.

Table of Content

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Deployment

  • 5.1 Market segments
    • Exhibit 24: Chart on Deployment – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Deployment – Market share 2021-2026 (%)
  • 5.2 Comparison by Deployment
    • Exhibit 26: Chart on Comparison by Deployment
    • Exhibit 27: Data Table on Comparison by Deployment
  • 5.3 Cloud based – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Cloud based – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Cloud based – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Cloud based – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Cloud based – Year-over-year growth 2021-2026 (%)
  • 5.4 On-premise – Market size and forecast 2021-2026
    • Exhibit 32: Chart on On-premise – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on On-premise – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on On-premise – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on On-premise – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Deployment
    • Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 Canada – Market size and forecast 2021-2026
    • Exhibit 66: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.10 China – Market size and forecast 2021-2026
    • Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.11 UK – Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.12 Japan – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Aptean Group of Companies
    • Exhibit 89: Aptean Group of Companies – Overview
    • Exhibit 90: Aptean Group of Companies – Product / Service
    • Exhibit 91: Aptean Group of Companies – Key offerings
  • 10.4 FLS GmbH
    • Exhibit 92: FLS GmbH – Overview
    • Exhibit 93: FLS GmbH – Product / Service
    • Exhibit 94: FLS GmbH – Key offerings
  • 10.5 Nomadia
    • Exhibit 95: Nomadia – Overview
    • Exhibit 96: Nomadia – Product / Service
    • Exhibit 97: Nomadia – Key offerings
  • 10.6 OptimoRoute Inc.
    • Exhibit 98: OptimoRoute Inc. – Overview
    • Exhibit 99: OptimoRoute Inc. – Product / Service
    • Exhibit 100: OptimoRoute Inc. – Key offerings
  • 10.7 ORTEC B.V
    • Exhibit 101: ORTEC B.V – Overview
    • Exhibit 102: ORTEC B.V – Product / Service
    • Exhibit 103: ORTEC B.V – Key offerings
  • 10.8 Prism Visual Software Inc.
    • Exhibit 104: Prism Visual Software Inc. – Overview
    • Exhibit 105: Prism Visual Software Inc. – Product / Service
    • Exhibit 106: Prism Visual Software Inc. – Key offerings
  • 10.9 Route4Me Inc.
    • Exhibit 107: Route4Me Inc. – Overview
    • Exhibit 108: Route4Me Inc. – Product / Service
    • Exhibit 109: Route4Me Inc. – Key offerings
  • 10.10 Routific Solutions Inc.
    • Exhibit 110: Routific Solutions Inc. – Overview
    • Exhibit 111: Routific Solutions Inc. – Product / Service
    • Exhibit 112: Routific Solutions Inc. – Key offerings
  • 10.11 Trimble Inc.
    • Exhibit 113: Trimble Inc. – Overview
    • Exhibit 114: Trimble Inc. – Business segments
    • Exhibit 115: Trimble Inc. – Key offerings
    • Exhibit 116: Trimble Inc. – Segment focus
  • 10.12 Wise Systems Inc.
    • Exhibit 117: Wise Systems Inc. – Overview
    • Exhibit 118: Wise Systems Inc. – Product / Service
    • Exhibit 119: Wise Systems Inc. – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 120: Inclusions checklist
    • Exhibit 121: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 122: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 123: Research methodology
    • Exhibit 124: Validation techniques employed for market sizing
    • Exhibit 125: Information sources
  • 11.5 List of abbreviations
    • Exhibit 126: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/route-optimization-software-market-to-record-a-17-65-y-o-y-growth-rate-in-2022-advanced-route-optimization-that-strengthens-shippers-lsps–carriers-to-boost-market–technavio-301494872.html

SOURCE Technavio

Staff

Recent Posts

Revolutionizing Rehabilitation: Introducing Vertonex, an Intelligent Decompression Unit at Physiowell

Presenting a New Innovation in the Field of Spinal Rehabilitation at Physiowell DubaiDUBAI, ARAB EMIRATES…

4 hours ago

Juniper Biologics Expands Distribution Rights for Caris Life Sciences’ Molecular Profiling in the Middle East and Africa

SINGAPORE, June 23, 2024 /PRNewswire/ -- Singapore-headquartered Juniper Biologics Pte Ltd (Juniper), a leading healthcare…

7 hours ago

Altimmune Presents Data on the Effect of Pemvidutide on Cardioinflammatory Lipids during Oral Presentation at American Diabetes Association’s 84th Annual Scientific Sessions

Pemvidutide elicited significant weight loss and decreases in pro-inflammatory serum lipids associated with atherogenesis and…

10 hours ago

2024 Tang Prize Laureates Announced: Six Global Visionaries to Be Honored in Taiwan This September

TAIPEI, June 22, 2024 /PRNewswire/ -- The prestigious 2024 Tang Prize Laureates have been announced,…

1 day ago