Latin America Route Optimization Software Market Size & Outlook

The route optimization software market in Latin America is expected to reach a projected revenue of US$ 1,561.9 million by 2030. A compound annual growth rate of 12.7% is expected of Latin America route optimization software market from 2024 to 2030.

Revenue, 2023 (US$M)
$675.2
Forecast, 2030 (US$M)
$1,561.9
CAGR, 2024 - 2030
12.7%
Report Coverage
Latin America

Latin America route optimization software market highlights

  • The Latin America route optimization software market generated a revenue of USD 675.2 million in 2023.
  • The market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
  • In terms of segment, software was the largest revenue generating solution in 2023.
  • Services is the most lucrative solution segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 675.2 million
Market revenue in 2030USD 1,561.9 million
Growth rate12.7% (CAGR from 2023 to 2030)
Largest segmentSoftware
Fastest growing segmentServices
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoftware, Services
Key market players worldwideTrimble Inc, The Descartes Systems Group Inc, Alphabet Inc Class A, Verizon Communications Inc, IFS International Holdings Inc, Caliper Corporation, LLamasoft, Microlise, Omnitracs, Paragon Software Systems, Route4Me, Routific, Locus.sh

Other key industry trends

  • In terms of revenue, Latin America region accounted for 10.6% of the global route optimization software market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 4,205.2 million by 2030.

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Route Optimization Software Market Companies

Name Profile # Employees HQ Website

Latin America route optimization software market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to route optimization software market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 62.23% in 2023. Horizon Databook has segmented the Latin America route optimization software market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Route Optimization Software Solution Outlook (Revenue, USD Million, 2018-2030)
    • Software
      • On-Premise
      • Cloud
    • Services
      • Consulting
      • Map Integration & Software Deployment
      • Support & Maintainance
  • Latin America Route Optimization Software Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
    • Large
    • SMEs
  • Latin America Route Optimization Software Industry Vertical Outlook (Revenue, USD Million, 2018-2030)
    • Retail & FMCG
    • On-Demand Food & Grocery Delivery
    • Ride Hailing & Taxi Services
    • Homecare & Field Services
    • Logistics & Transportation
    • Others

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Target buyers of Latin America route optimization software market databook

  • Our clientele includes a mix of route optimization software market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America route optimization software market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America route optimization software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America route optimization software market size, by country, 2018-2030 (US$M)

Latin America Route Optimization Software Market Outlook Share, 2023 & 2030 (US$M)

Latin America route optimization software market size, by country, 2018-2030 (US$M)

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