The Global [FURL=https://www.industryarc.com/Report/17933/route-optimization-software-market.html]Route Optimization Software Market[/FURL] is estimated to reach $10.9 billion by 2025, growing at a CAGR of 14.8% from 2020 to 2025. Route optimization software plans, schedules and calculates the most efficient vehicle route by saving time and money along with efficiency. Route optimization software is very important when there are multiple stops to make, several client meetings and product deliveries. This software helps in avoiding traffic congestion as it utilizes scenario testing and historical data through which it can predict which route is slowest or busiest. Owing to the better route planning, efficiency, time saving and other business ease it is widely used by the various end users driving the growth of the market.Increased profitability, reduction in wastage of time, improved efficiency by reduction of fuel wastage through better route optimization and surge in growth of transportation and service dispatchers are some of the factors responsible for projecting to propel the significant growth of the market.
Key Takeaways
The cost related benefits, real-time tracking through GPS, optimization of distances, delivery without wastage of time along with less fuel consumption are driving the growth of Route Optimization Software Market.
Clod-based deployment is dominating the market owing to benefits of real-time tracking through GPS, reduced shipping costs and improved efficiency along with rising internet penetration are fueling the growth of the market.
APAC is expected to dominate the global Route Optimization Software Market in the forecast period 2020-2025.
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Geography - Segment Analysis
Global Real Estate Software Market is dominated by APAC region with a market share 36.4% in 2019. APAC is expected to dominate the market owing to the growth in e-commerce, rise in internet penetration, rise in logistics service providers and others. In countries like India, China, Indonesia, Malaysia and other APAC region countries there is growth in internet use and e-commerce services which are giving rise to most of the end user segments who are using route optimization software for better business performance and meet the customers demand.
Drivers – Route Optimization Software Market
Rise in internet penetration globally
Surge in adoption of route optimization software owing to several benefits
Market Landscape: Route Optimization Software Market are given in this report Route Optimization Software Market is dominated by major companies such as Evreka, Onfleet Software Company, Best Mile Sarl Software Company, Arundo Analytics, Inc, Paragon Software, ALK Technologies, PTV Planung Transport Verkehr AG, Fleet Up, Inc., Routeware, Inc.among others.
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