France Route Optimization Software Market By Component (Software, Services), By Deployment Type (On-Premises, Cloud), By Organization Size (Large Enterprises, SMEs), By Industry Vertical (Retails & FMCG, Homecare & Field Service, Taxi), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Rising demand for route optimization solutions among shared mobility service providers is also slated to further compliment target market growth

Market.US announces publication of its most recently generated research report titled, “France Route Optimization Software Market by Component (Software, Services), By Deployment Type (On-Premises, Cloud), By Organization Size (Large Enterprises, SMEs), and By Industry Vertical (Retails & FMCG, Homecare & Field Service, Taxi, Other Industry Vertical) – Global Forecast to 2030”, which offers a holistic view of the France Route Optimization Software Market through systematic segmentation that covers every aspect of the target market.

The France Route Optimization Software Market is projected to be US$ 211.4 Mn in 2020 to reach US$ 896.3 Mn by 2030 at a CAGR of 15.8%.

Route optimization is the process of defining the most cost-efficient route. There are various route optimization software types that include traditional or dynamic solutions and static planning capabilities that support on-demand processes. With features like specified customer’s/ driver’s time constraints, vehicle issues, and route availability, it is a process to find the most time, cost, and fuel-efficient route between two stops to ensure the lowest transportation cost.

The traveling salesman problem(TSP) and vehicle routing problem (VRP), which cannot be optimized by humans, route optimization use algorithms to solve these problems. The route optimization software identifies parameters such as crossings, turns, real-time traffic, nearest drivers, etc., with each specified route. The reduction of traveling distance, improvement of on-time performance, fuel savings, and the offering of real-time departures and arrivals is made by evaluating these parameters by the software to determine the most optimal route.

Increasing prices in the logistics sector, driven by factors such as fuel expenses, lower turnaround times of available vehicles, and growing workforce costs are some of the major factors that are expected to boost the revenue growth of France’s route optimization software market. Moreover, increasing number of related devices is further boosting the demand for delivery of online services and goods, such as the growing need to improve customer service delivery timeframes, etc. are also factors expected to fuel future market growth.

Exponential surge of the e-commerce sector is a significant factor for the revenue growth of the route optimization software market. Growing trend of having food and other products at your doorstep within a predetermined timeframe is expected to contribute to the demand for route optimization software in France. In addition, rising demand for route optimization solutions among shared mobility service providers is also slated to further compliment target market growth.

Growing urban traffic and on-going infrastructural developments have reduced the transportation effectiveness of cabs or taxi services. However, with software such as this, drivers and service integrators are able to alter travel routes, or real-time information is analyzed to gauge traffic conditions and the best possible solutions.

France Route Optimization Software Market Revenue (US$ Mn), 2020–2030

Moreover, the high availability of open-source software results in limited revenue generation for major market players. Operational costs and a surge in route optimization software cost are some of the most noticeable factors that may restrain France’s route optimization software market’s revenue growth.

France Route Optimization Software Market Attractiveness Analysis by Component, 2014–2030

Among component segments, the software segment is expected to account for the majority revenue shares of France’s route optimization software market and is projected to register the highest CAGR over the forecast period. Among the deployment type segments, the Cloud segment is expected to index a relatively higher CAGR in the upcoming years.

Among the organization size, Large Enterprises segment is expected to show the highest market revenue over the forecast period. Among industry vertical segments, the Retail & FMCG segment is expected to account for the majority revenue shares of the France market and is projected to register the highest CAGR over the forecast period.

The research report on the France route optimization software market includes profiles of some of the major companies such as

• Alphabet Inc.
• Verizon Communications Inc
• ESRI
• The Descartes Systems Group Inc.
• PTV Group
• LLamasoft Inc.
• Microlise Limited
• Advanced Manufacturing Control Systems Limited
• OCTIME
• GeoConcept SA
• Fastercom Inc.
• others

France’s Route Optimization Software Market Segmentation Based On Component, Deployment Type, Organization Size, and Industry Vertical:

Based on Component:

• Software
• Services

Based on Deployment Type:

• On-premises
• Cloud Based

Based on Organization Size:

• Large enterprise
• Small enterprise

Based on Industry Vertical:

• Retail & FMCG
• Homecare & Field Services
• Taxi
• Others

For the France Route Optimization Software Market research study, the following years have been considered to estimate the market size: