Route Optimization Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022 Pages: 120 SKU: IRTNTR72120

The route optimization software market share is expected to increase by USD 4.52 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 18.69%.

This route optimization software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers route optimization software market segmentation by deployment (cloud-based and on-premise) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The route optimization software market report also offers information on several market vendors, including 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. among others.

What will the Route Optimization Software Market Size be During the Forecast Period?

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Route Optimization Software Market: Key Drivers, Trends, and Challenges

The advanced route optimization that strengthens shippers, LSPs, and carriers is notably driving the route optimization software market growth, although factors such as security concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the route optimization software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Route Optimization Software Market Driver

One of the key factors 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.

Key Route Optimization Software Market Trend

Another key factor driving the global route optimization software market growth is the real-time reporting to enhance service levels and operational efficiency throughout the supply chain. The ongoing deployment of smart devices across the supply chain whether its gadgets tracking the passage of a pallet across an ocean or the progress of a truck in the Southwest allows for far more complete monitoring of products and/or delivery. Moving items faster when they arrive at a distribution center or providing more precise arrival times to clients eventually improves operational efficiency and enhances profitability. Route optimization also reports on key performance indicators (KPIs), such as the number of deliveries completed and the percentage completed on time. This will further support the market growth during the forecast period.

Key Route Optimization Software Market Challenge

One of the key challenges 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.

This route optimization software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global route optimization software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the route optimization software market during the forecast period.

Who are the Major Route Optimization Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Wise Systems Inc.

 

This statistical study of the route optimization software market encompasses successful business strategies deployed by the key vendors. The route optimization software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aptean Group of Companies is a privately held company headquartered in the UK. Its revenue from the global route optimization software market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
  • The company offers route optimization software such as single depot, multi depot, integrated fleets, Paragon HDX Core, fleXipod, and many more.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The route optimization software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Route Optimization Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the route optimization software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Route Optimization Software Market?

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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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Deployment Segments in the Route Optimization Software Market?

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The route optimization software market share growth by the cloud-based segment will be significant during the forecast period. 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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the route optimization software market size and actionable market insights on post COVID-19 impact on each segment.

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

$ 4.52 billion

Market structure

Fragmented

YoY growth (%)

17.65

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 57%

Key consumer countries

US, Canada, China, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Route Optimization Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive route optimization software market growth during the next five years
  • Precise estimation of the route optimization software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the route optimization software industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of route optimization software market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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
              • platforms: Provide the foundation and management features for the secure and encrypted exchange of information between the computing and networking devices within a network and to external clients or customers. They typically comprise components such as communications server or gateways, mobile middleware, and unified communication management platforms. Such applications enable enterprises to utilize real-time communications (RTC) for business operations including notifications to clients. Cloud-based communication platforms are also included in this segment, such as communication platforms-as-a-service. o

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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