Route Optimization Software Market by Component (Services and Software), Vertical (Ride Hailing & Taxi Services, On-Demand Food Delivery, Retail & FMCG, and Field Services), Deployment Type, Entity Size, and Region – 2022 to 2027


The market size of route optimization technology is expected to reach USD 5.5 billion by 2024, growing to a CAGR of 10.7% during the forecast period . The market’s key drivers include rising use of transportation-specific solutions and rising costs of hardware and connectivity.