Global Route Optimization Software Market Trends, Forecast Report 2025-2037
Route Optimization Software Market size is projected to grow from USD 5.3 billion to USD 25.2 billion, witnessing a CAGR of over 12.4% during the forecast period, between 2025 and 2037. In 2025, the industry size of route optimization software is estimated at USD 6.2 billion.
The growth of the route optimization software market relies immensely on the trade of ICT hardware and various software deployment environments. The functioning of software, being a digital product, depends on physical infrastructure such as GPS, servers, etc. The data published by the U.S. Census Bureau in 2023, the total trade value in ICT equipment reached over USD 631 billion worldwide. It further stated that the U.S. imported USD 191 billion of associated hardware in the same year. Additionally, the U.S. International Trade Commission published data in 2023 that the import of semiconductors such as microcontroller units and sensor modules surged by 61%.
Furthermore, according to the U.S. Bureau of Labor Statistics in 2023, the consumer price index for services associated with logistics and delivery rose by 5%, placing pressure on software vendors to manage their costing strategies. Also, the producer price index has remained steady, reaching 10.8% year-on-year in 2023. Other than this, the significant investment in technological developments will also continue to shape the market. In 2024, the National Science Foundation (NSF) infused USD 1.5 billion for advanced research in AI and ML technologies. Similarly, the Infrastructure Investment and Jobs Act (IIJA) bill was passed, allocating USD 551 billion by 2026 into the modernization of transportation, propelling wider adoption of the optimization platforms.
