Route Optimization Software Market is poised to grow substantially till 2024

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Route Optimization Software Market is expected to
witness significant growth to 2024 Global Market
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2
Regional Analysis of Route Optimization Software
Market

• North America holds the dominating position in
  the route optimization market. The rise of
  various digital mobility and shared mobility such
  Uber and Lift has accelerated the adoption of
  route optimization solutions in the region. In
  addition, the widespread adoption of advanced
  driver assistance systems by automakers has
  further fostered the market growth. The route
  optimization software providers are collaborating
  with automotive manufactures to integrate their
  cutting-edge technology into the vehicles.
• The Asia-Pacific route optimization software
  market is anticipated to register the highest
  growth rate over the projected timeframe. This
  can be attributed to the high demand for route
  optimization solutions across the ecommerce and
  on demand food delivery industry. The online
  transportation companies such as Ola, Didi,
  Amazon ANI Technologies have focused on
  developing innovative and efficient route
  optimization solutions to strengthen their
  presence in the market. Moreover, the increasing
  adoption of smartphones in the region has
  nurtured the growth of route optimization
  software industry.

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• Application Analysis of Route Optimization
  Software Market
• The route optimization software is used across
  several business sectors including retail
  ecommerce, 3PL service providers, home services,
  retail and consumer products goods (CPG)
  fast-moving consumer goods (FMCG). The retail
  ecommerce holds the major share in the route
  optimization software market. The software helps
  companies avoid expensive delivery mistakes by
  ensuring accurate customer address, tracking of
  delivery agents and keeping customers informed
  about the delivery status.
• The route optimization software market is
  characterized by cloud and on-premise deployment
  models. The cloud market is expected to grow
  rapidly as it does not involve any capital cost
  and has low maintenance requirements. The cloud
  deployment models provide companies with flexible
  deployment alternatives which compromising on the
  functionality. Therefore, it is widely used
  across SMEs large enterprises. The high capital
  investment associated with on-premise deployment
  model is the primary factor limiting the growth
  of the market.

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Competitive Market Share of Route Optimization
Software Market

• The companies operating in the route optimization
  software market are FLS- Fastleansmart,
  MiTSystems, ORTEC, PLC, Route4Me, Inc., Wise
  Systems, ROUTIFIC, Prism Visual Software, Paragon
  Software Systems, Optimoroutea, Verizon, Bestmile
  and Geoconcept. The market players are forming
  strategic partnerships with other companies to
  increase their market share.

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Optimization Software Market _at_ https//bit.ly/2P00
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