Global route optimization software market growth expected to be driven by increasing need of improving customer service delivery

The global route optimization software market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing cost in the logistics sector, fueled by factors such as fuel expenses, manpower cost, and lower turnaround of vehicles is the major factors expected to boost growth of the global route optimization software market.

The global route optimization software market report has been segmented on the basis of component, deployment type, organization size, industry vertical, and region.

On the basis of component, the global route optimization software market is segmented into software and services.

On the basis of deployment type, the global route optimization software market is segmented into on-premises and cloud. The on-premises segment is expected to contribute significant share in terms of revenue in the global market. The cloud segment is estimated to register lucrative CAGR.

On the basis of organization size, the global route optimization software market is segmented into large enterprise and small enterprise.

On the basis of industry vertical, the global route optimization software market is segmented into retail & FMCG, homecare & field services, taxi, and others.

On the basis of region, the global route optimization software market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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North America market is expected to dominate in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed due to increasing large-scale investments in implementing route optimization software in countries in the region. Asia Pacific market is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed due to increasing demand for route optimization software solutions and growth in the online transportation industry in the countries in the region. The global route optimization software markets in Europe, Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global route optimization software market include ALK Technologies Inc., Advanced Manufacturing Control Systems Limited, FLSmidth & Co. A/S, GeoConcept SA, Google LLC, LLamasoft, Inc., Microlise Limited, Omnitracs, LLC, OptimoRoute Inc., and sWise Systems, Inc.

About the Author

Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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