Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Route Optimization Software Market to reach USD 16.34 billion by the end of 2030

Global Route Optimization Software Market Size Study & Forecast, by Solution (Software, Service), By Deployment Mode (On-Premise, Cloud), By Enterprises Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical (Retail and FMCG, On-Demand Food Delivery, Taxi, Homecare, and Field Services, Others), and Regional Analysis, 2023-2030

Product Code: ICTEITS-34701618
Publish Date: 10-08-2023
Page: 200

Global Route Optimization Software Market is valued at approximately USD 5.65 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2023-2030. Route optimization software is a tool or system that employs algorithms and sophisticated algorithms in order to optimize the planning and sequencing of routes for many applications, including transportation, delivery services, field service management, or logistical operations. It aims to find the most efficient and cost-effective routes to minimize travel time, distance, fuel consumption, and overall operational costs while maximizing resource utilization and customer satisfaction. The surging adoption of web-based services & advanced communication technologies, increasing use of logistics-specific solutions, declining hardware, and connectivity costs, coupled with the rise in road traffic are the most prominent factors that are propelling the market demand across the globe.

In addition, the rapid growth in Internet of Things (IoT) technologies is further exhibiting a positive influence on market development. For instance, as per Statista, the Internet of Things (IoT) industry generated total revenue in 2019 was USD 388 billion, which is anticipated to grow and is likely to reach USD 1058.3 billion by the year 2030. Therefore, the thriving development of the Internet of Things (IoT) industry is burgeoning the demand for route optimization software during the estimated period. Moreover, the development of the Software as A Service (SaaS) model, as well as rising focus on real-time location data analysis is presenting various lucrative opportunities over the forecasting years. However, the rising security concerns and lack of IT infrastructure in developing countries are hindering market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Route Optimization Software Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the high penetration of software vendors providing route optimization software solutions and growth in the. online transportation industry. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The increasing vehicle sales in countries, rising adoption of route optimization software owing to the increasing traffic congestion, and the surging implementation of smart transportation projects are significantly propelling the market demand across the region.

Major market players included in this report are:
Trimble, Inc.
Caliper Corporation
Descartes Systems Group Inc
ESRI Global Inc,
Google LLC (Alphabet Inc.)
Llamasoft Inc.
Microlise Group Limited
Omnitracs LLC
Ortec BV
Paragon Software Systems PLC

Recent Developments in the Market:
Ø In May 2022, Omnitracs One Route Modelling was introduced by Solera Holdings, LLC- a leader in global vehicle lifecycle management. Large enterprise clients test different routing scenarios with Omnitracs One Route Modelling without affecting the production routes that are already in use. As a consequence, route designs might be made by drivers and local dispatching faster and cheaper. Users of the Omnitracs One solution may use Route Modelling, which enables drivers and fleet managers to simulate changes to stop arrangements, route beginnings, pre-end post-trip times, breaks, and layovers in order to evaluate the effects of a recommended route on costs and service windows.
Ø In March 2022, Qualcomm and Trimble entered into a partnership agreement to provide automotive OEMs and Tier 1 suppliers high-accuracy positioning solutions for connected cars, Advanced DriverAssistance Systems (ADAS), and autonomous driving solutions. When utilising real-time navigation applications, both drivers and passengers benefit from improved map information and more accurate directions by offering meter-level location precision for smartphones with better positioning for a ride-sharing service.

Global Route Optimization Software Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Solution, Deployment Mode, Enterprises Size, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solution:

By Deployment Mode:

By Enterprises Size:
Large Enterprises
Small and Medium Enterprises

By Industry Vertical:
Retail And FMCG
On-Demand Food Delivery
Homecare And Field Services

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Route Optimization Software Market, by Region, 2020-2030 (USD Billion)
1.2.2. Route Optimization Software Market, by Solution, 2020-2030 (USD Billion)
1.2.3. Route Optimization Software Market, by Deployment Mode, 2020-2030 (USD Billion)
1.2.4. Route Optimization Software Market, by Enterprises Size, 2020-2030 (USD Billion)
1.2.5. Route Optimization Software Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Route Optimization Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Route Optimization Software Market Dynamics
3.1. Route Optimization Software Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Surging adoption of web-based services & advanced communication technologies Rapid growth in Internet of Things (IoT) technologies
3.1.2. Market Challenges Rising security concerns Lack of IT Infrastructure in the developing countries
3.1.3. Market Opportunities Development of the Software as A Service (SaaS) model Rising focus on real-time location data analysis
Chapter 4. Global Route Optimization Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Route Optimization Software Market, by Solution
5.1. Market Snapshot
5.2. Global Route Optimization Software Market by Solution, Performance – Potential Analysis
5.3. Global Route Optimization Software Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
5.4. Route Optimization Software Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Service
Chapter 6. Global Route Optimization Software Market, by Deployment Mode
6.1. Market Snapshot
6.2. Global Route Optimization Software Market by Deployment Mode, Performance – Potential Analysis
6.3. Global Route Optimization Software Market Estimates & Forecasts by Deployment Mode 2020-2030 (USD Billion)
6.4. Route Optimization Software Market, Sub Segment Analysis
6.4.1. On-Premise
6.4.2. Cloud
Chapter 7. Global Route Optimization Software Market, by Enterprises Size
7.1. Market Snapshot
7.2. Global Route Optimization Software Market by Enterprises Size, Performance – Potential Analysis
7.3. Global Route Optimization Software Market Estimates & Forecasts by Enterprises Size 2020-2030 (USD Billion)
7.4. Route Optimization Software Market, Sub Segment Analysis
7.4.1. Large Enterprises
7.4.2. Small and Medium Enterprises
Chapter 8. Route Optimization Software Market, by Industry Vertical
8.1. Market Snapshot
8.2. Global Route Optimization Software Market by Industry Vertical, Performance – Potential Analysis
8.3. Global Route Optimization Software Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
8.4. Route Optimization Software Market, Sub Segment Analysis
8.4.1. Retail And FMCG
8.4.2. On-Demand Food Delivery
8.4.3. Taxi
8.4.4. Homecare And Field Services
8.4.5. Others
Chapter 9. Global Route Optimization Software Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Route Optimization Software Market, Regional Market Snapshot
9.4. North America Route Optimization Software Market
9.4.1. U.S. Route Optimization Software Market Solution breakdown estimates & forecasts, 2020-2030 Deployment Mode breakdown estimates & forecasts, 2020-2030 Enterprises Size breakdown estimates & forecasts, 2020-2030 Industry Vertical breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Route Optimization Software Market
9.5. Europe Route Optimization Software Market Snapshot
9.5.1. U.K. Route Optimization Software Market
9.5.2. Germany Route Optimization Software Market
9.5.3. France Route Optimization Software Market
9.5.4. Spain Route Optimization Software Market
9.5.5. Italy Route Optimization Software Market
9.5.6. Rest of Europe Route Optimization Software Market
9.6. Asia-Pacific Route Optimization Software Market Snapshot
9.6.1. China Route Optimization Software Market
9.6.2. India Route Optimization Software Market
9.6.3. Japan Route Optimization Software Market
9.6.4. Australia Route Optimization Software Market
9.6.5. South Korea Route Optimization Software Market
9.6.6. Rest of Asia Pacific Route Optimization Software Market
9.7. Latin America Route Optimization Software Market Snapshot
9.7.1. Brazil Route Optimization Software Market
9.7.2. Mexico Route Optimization Software Market
9.8. Middle East & Africa Route Optimization Software Market
9.8.1. Saudi Arabia Route Optimization Software Market
9.8.2. South Africa Route Optimization Software Market
9.8.3. Rest of Middle East & Africa Route Optimization Software Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Trimble, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Caliper Corporation
10.3.3. Descartes Systems Group Inc
10.3.4. ESRI Global Inc,
10.3.5. Google LLC (Alphabet Inc.)
10.3.6. Llamasoft Inc.
10.3.7. Microlise Group Limited
10.3.8. Omnitracs LLC
10.3.9. Ortec BV
10.3.10. Paragon Software Systems PLC
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now