Mexico Route Optimization Software Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Software, Services), And By Application (Food Delivery, Ride Hailing Services, E-Commerce, Others) - Forecasts From 2022 To 2027

  • Published : May 2022
  • Report Code : KSI061614717
  • Pages : 94

Mexico route optimization software market was estimated to be valued at US$45.697 million in 2020.

A route optimization software is an interactive method that enables fleets to find the most productive and cost-effective paths to their destinations. Using analysis and techniques, the software analyses various metrics to find the best route. Logistical support route planning has the potential to reduce mileage, improve last-mile handover, and improve productivity, among other things. The software incorporates cutting-edge digital technology to address various challenges such as commuter traffic, automotive capacities, periods, weather patterns, driver timelines, etc. As an outcome, route planning can resolve such challenges because it reduces the potential for human error. Freight forwarders must improve the overall logistics operations to provide a better consumer experience. The efficiency and performance-driven software for optimizing routes are expected to drive the growth of the Mexico route optimization market.

Advantages of Mexico Route Optimization Software Market

Route optimization software enables logistics and transport firms to organize routes for vehicles travelling easily. Recognizing the quickest and most cost-effective routes can improve the company's operating efficiencies and performance.

Achieving service expectations is the most effective strategy to improve customer satisfaction and retention. Delivery services should be quick and effective in providing a better customer experience. Consumers can also receive real-time updated information from the software, which raises standards to new heights.

When prioritizing, the deliveries can increase overall efficiency while decreasing costs. Route optimization could save money on many variables, including hourly earnings, rising fuel costs, maintenance and repair, and other indicators. Technology, it appears, can minimize the stress and strain of delivery vehicles, resulting in less fuel usage. These many uses of route optimization software are anticipated to drive Mexico's market.

Growth Driver for Mexico Route Optimization Software Market

Route optimization is a software application that can be easily expanded and integrated into existing frameworks. Route optimization boosts operational efficiency by improving route planning. The growing use of operational process solutions and shrinking connectivity costs and hardware are expected to be the major market drivers. The Internet of Things is a major trend in the digital age. The growing adoption of digital offerings and advanced wireless communications creates enormous growth potential for the route optimization software market. Telematics, GPS tracking, and machine-to-machine communication are among the key innovations used in the market. Furthermore, increased internet absorption and smart device implementation will drive the route optimization software market.

Restraints

The lack of expertise in using the software, handling unstructured and structured data, and optimizing software with the driver's understanding level is expected to stymie Mexico's route optimization software market.

COVID-19 Impact on Mexico Route Optimization Software Market

During the COVID-19 pandemic, businesses and organizations offering delivery services face several challenges. Many such companies were developing precautionary solutions to increase continuous and prompt delivery of services. For example, there was an enormous influx in online grocery shopping due to the shutdown limitations. This resulted in an unexpected increase in the consumption of grocery deliveries, posing a significant dilemma for e-commerce, online retail, and grocery businesses to deliver grocery items on time. As a result, demand for route optimization software played a major role in the efficiency of businesses, which increased the growth of the route optimization market during the crisis.

Regional Outlook

According to the International Trade Administration, the automotive industry is one of Mexico's most important industries, accounting for 20% of the country's GDP and employing over one million people nationwide. In Mexico, commercial vehicle sales in 2021 were 526 593 units, an increase of 18 percent from 445 217 units in 2020, whereas the production of commercial vehicles in Mexico in 2021 was 3145653. The increased demand for vehicles in the country is expected to drive the growth of route-optimizing software in the region. Furthermore, the adoption of advanced technologies in businesses for achieving consumer satisfaction and performance and growing consumer-based are significant factors driving the country's market for route optimization software.

Key Market Segments

  • By Component
    • Software
    • Service
  • By Applications
    • Food Delivery
    • Ride Hailing
    • E-Commerce
    • Others

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. MEXICO ROUTE OPTIMIZATION SOFTWARE MARKET BY COMPONENT
5.1. Introduction
5.2. Software
5.3. Services

6. MEXICO ROUTE OPTIMIZATION SOFTWARE MARKET BY APPLICATION
6.1. Introduction
6.2. Food Delivery
6.3. Ride-Hailing Services
6.4. E-Commerce
6.5. Others

7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix

8. COMPANY PROFILES
8.1. Trimble Inc.
8.2. Omnitracs
8.3. Microlise Telematics Pvt. Ltd.
8.4. LLamasoft Inc.
8.5. Esri
8.6. Route4me, Inc.

Trimble Inc.

Omnitracs

Microlise Telematics Pvt. Ltd.

LLamasoft Inc.

Esri

Route4Me Inc.