The e-commerce Route Optimization Software Market is projected to grow at a CAGR of 14.56% during the forecast period. The growth of this market is majorly attributed to rapid growth of e-commerce sector across the globe which is increasing the inflow of investments by players across this sector into advanced technologies which can streamline processes and help them improve their margins. Since internet penetration has been increasing across all major geographies worldwide, companies in this sector are drifting towards advanced digital technologies the infrastructure is favourable for. This is increasing the adoption of route optimization solutions among them, thus boosting the market growth. Intensifying competition in this domain is further making it necessary for business owners to improve margins. Expanding fleets owned by major e-commerce giants, and huge costs that, otherwise, go into their operations and maintenance is also increasing the adoption of route optimization solutions among end users, thus augmenting the growth of the market.
Intensifying competition across e-commerce industry
Continuous evolution of wireless communication technologies
Lack of awareness among some end users regarding the benefits of route optimization
In April, 2019, LSO, a regional carrier based in Texas, adopted route optimization with improved tracking and visibility through its partnership with Bringg.
The major players profiled in the e-commerce Route Optimization Software Market are ALK Technologies, Caliper Corporation, The Descartes Systems Group Inc., Esri Global, Inc., Google, Routific Solutions Inc., LLamasoft Inc. and Microlise.
The e-commerce Route Optimization Software Market has been analyzed through the following segments:
By Enterprise Size
Middle East and Africa