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Global Route Optimization Software Market 2018-2023 - Breakdown by On-Demand Food Delivery, Ride Hailing & Taxi Services, Field Services, and Retail & FMCG - ResearchAndMarkets.com

September 19, 2018

DUBLIN--(BUSINESS WIRE)--Sep 19, 2018--The “Route Optimization Software Market by Component (Software & Services), Vertical (On-Demand Food Delivery, Ride Hailing & Taxi Services, Field Services, and Retail & FMCG), Organization Size, Deployment Type, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The route optimization software market is projected to grow from USD 2.95 billion in 2018 to USD 5.07 billion by 2023, at a CAGR of 11.4% during the forecast period.

Factors, such as increasing use of logistics-specific solutions and declining hardware and connectivity costs are expected to drive the route optimization software market. Handling structured and unstructured data is a key factor restraining the growth of the market.

Based on component, the software segment is estimated to lead the route optimization software market in 2018. Organizations improve the customer service and efficiency of their business & transportation processes by deploying route optimization software.

Based on deployment type, the on-premises segment is estimated to lead the route optimization software market in 2018, as organizations need total control on the security of enterprise-sensitive data such as customer details, delivery route history, and maps.

Based on vertical, the retail & FMCG segment is estimated to lead the route optimization software market in 2018. Route optimization software helps manufacturers, wholesalers, and retailers better track and optimize their omnichannel strategies, decrease the Cost to Service (CTS), increase operational efficiency, and offer enhanced customer satisfaction & experience and thereby deliver better customer service.

The route optimization software market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Factors such as a rise in the adoption of advanced technologies and increasing GDP of emerging economies are expected to drive the Asia Pacific route optimization software market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview & Industry Trends

6 Route Optimization Software Market, By Component

7 Route Optimization Software Market, By Deployment Type

8 Route Optimization Software Market, By Organization Size

9 Route Optimization Software Market, By Vertical

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

ALK Technologies AMCS Blujay Solutions Caliper Descartes ESRI Fareye FLS Geoconcept Google Key Innovators Llamasoft Maxoptra Microlise Omnitracs Optimoroute Ortec Paragon Software Systems Portatour PTV Group Quintiq Route4me Routesolutions Routific Scientific Logistics Truckstops Verizon Connect Workwave For more information about this report visit https://www.researchandmarkets.com/research/x25fsq/global_route?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005422/en/

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Related Topics:Software

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/19/2018 08:55 AM/DISC: 09/19/2018 08:55 AM

http://www.businesswire.com/news/home/20180919005422/en

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