Google LLC announced the release of two new products, Google Cloud Fleet Routing API and Last Mile Fleet Solution on the Google Maps platform to help fleet operators improve delivery and optimize fleet performance optimization.
PTV Group launched a cloud-based route optimization product for the consumer packaged goods industry to help manufacturers, retailers, wholesalers, and carriers deliver goods packaging consumers by region and managing the complexities of urban delivery, enabling organizations to improve reliability and customer satisfaction with sustainably automated processes, and thus faster and more efficient.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5185
Published Date: Aug 23, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing focus on advanced transportation management and the high penetration of the internet globally are some of the major factors anticipated to drive the growth of the route optimization software market.
The market is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Trimble Inc., Caliper Corporation, Descartes Systems Group Inc, ESRI Global Inc., Onfleet Software Company, Best Mile Sarl Software Company, Arundo Analytics, Inc, PTV Group, and others.
The on-premises segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.