Route Optimization Software Market – Global Forecast up to 2025
Route optimization software, by finding the shortest distance, provides the most efficient routes for the drivers which can save miles and reduce travel time as well. Route optimization software offers faster and accurate results, which boosts customer services and enhances workforce efficiency. The software, by handling the business constraints such as traffic congestion, vehicle availability, right driver, etc. provides the best possible route, which results in minimized human dependence, thus reducing labor overtime and fuel costs. The major factors steering the growth of the route optimization software market include apt handling of unexpected diversions (due to traffic jams, roadblocks, sudden demands from customers, last-minute cancellations) and enhancing customer satisfaction levels. This is expected to continue during the forecast period 2019u20132025, fueling the market growth at a CAGR of around 15% to touch $7.5 billion revenues by 2025. North America is maintaining the dominant position in the route optimization software market, followed by Europe and APAC. With the endorsement of advanced driver assistance systems by automakers in the North American region, market growth is expected to continue during the forecast period. For addressing the demand of delivery business to serve a greater number of customers, companies in this region are adopting route optimization software. Access Full Report Summary @ https://www.infoholicresearch.com/report/route-optimization-software-market In terms of segmentation analysis, the software market contributes to a significant revenue share within the route optimization software market. Additionally, the fleet tracking application segment is expected to grow at the highest CAGR during the forecast period. At present, the distribution vertical has a high share in the route optimization software market, but business and home services is expected to increase at the highest CAGR.
108 views • 9 slides
