Middle East & Africa Route Optimization Software Market Size & Outlook
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MEA route optimization software market highlights
- The MEA route optimization software market generated a revenue of USD 1,020.2 million in 2023.
- The market is expected to grow at a CAGR of 13.2% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,020.2 million |
| Market revenue in 2030 | USD 2,430.2 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Trimble 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, MEA region accounted for 16.1% 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 Scope
Route Optimization Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Locus.sh | View profile | 251-500 | Bangalore, Karnataka, India, Asia | http://www.locus.sh |
| Routific | View profile | 11-50 | Vancouver, British Columbia, Canada, North America | https://routific.com |
| Route4Me | View profile | 101-250 | Tampa, Florida, United States, North America | https://www.route4me.com |
| Paragon Software Systems | View profile | 51-100 | Frisco, Texas, United States, North America | https://www.paragonrouting.com/ |
| Omnitracs | View profile | 501-1000 | Dallas, Texas, United States, North America | http://www.omnitracs.com |
| Microlise | View profile | 501-1000 | Nottingham, Nottingham, United Kingdom, Europe | https://www.microlise.com/ |
| LLamasoft | View profile | 501-1000 | Ann Arbor, Michigan, United States, North America | http://www.llamasoft.com |
| Caliper Corporation | View profile | 1001-5000 | Newton, Massachusetts, United States, North America | https://caliper.com |
| IFS International Holdings Inc | View profile | 63 | 300 Jordan Road, Rensselaer Technology Park, Troy, NY, United States, 12180 | - |
| Verizon Communications Inc | View profile | 105400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | https://www.verizon.com |
| The Descartes Systems Group Inc | View profile | 2175 | 120 Randall Drive, Waterloo, ON, Canada, N2V 1C6 | https://www.descartes.com |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
Middle East & Africa 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 62.36% in 2023. Horizon Databook has segmented the Middle East & Africa route optimization software market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Route Optimization Software Solution Outlook (Revenue, USD Million, 2018-2030)
- Software
- On-Premise
- Cloud
- Services
- Consulting
- Map Integration & Software Deployment
- Support & Maintainance
- Software
- Middle East & Africa Route Optimization Software Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large
- SMEs
- Middle East & Africa 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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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa route optimization software market databook
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Our clientele includes a mix of route optimization software market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Middle East & Africa route optimization software market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa route optimization software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA route optimization software market size, by country, 2018-2030 (US$M)
Middle East & Africa Route Optimization Software Market Outlook Share, 2023 & 2030 (US$M)
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