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Route Optimization & Planning Software Market Share

Report ID: GMI10053
Published Date: Jun 2024
Report Format: PDF

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Route Optimization & Planning Software Market Share

Trimble, Verizon Connect, Oracle Corporation dominate the route optimization and planning industry with a share of over 16%. Trimble, Verizon Connect, and Oracle Corporation dominate the route optimization and planning market, collectively holding a market share of over 16%. Trimble leverages its advanced GPS technology and telematics solutions to provide precise and efficient routing. Verizon Connect, a leader in fleet management software, utilizes real-time data and analytics to enhance route planning and optimize logistics operations.

Oracle Corporation, known for its robust enterprise software, offers comprehensive supply chain and logistics solutions, integrating route optimization into its broader suite of services. These companies' strong market positions are driven by their technological innovations, extensive customer bases, and ability to deliver significant cost savings and efficiency improvements, making them preferred choices for businesses seeking advanced route optimization solutions.

Route Optimization & Planning Software Market Companies

Major players operating in the route optimization and planning software industry are:

Trimble
Verizon Connect
Oracle Corporation
Descartes Systems Group
FarEye
Locus
Omnitracs
OptimoRoute

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of route optimization & planning software reached USD 6.1 billion in 2023 and is set to witness 11.5% CAGR between 2024 and 2032, led by an increase in the number of e-commerce deliveries.

The large enterprises segment of the route optimization & planning software industry generated a revenue of USD 4.2 billion in 2023 to offer advanced features, such as real-time tracking, predictive analytics, and scenario planning.

North America market dominated around USD 2.1 billion in revenue in 2023, as these software solutions are tailored to the region's vast transportation networks, varying regulations, and diverse customer demands.

Trimble, Verizon Connect, Oracle Corporation, Descartes Systems Group, FarEye, Locus, Omnitracs, and OptimoRoute among others.