A new report is predicting the global route optimisation software market will expand by 15% per year now and 2035.
The study published by Research Nester said the market is poised to reach revenues of US$180 billion (£143 billion) by the end of 2035, up from a revenue of $6 billion in 2022.
It says tthe growth of this market can be attributed to the escalating demand for advanced transport management systems, and as the world is moving towards urbanisation and industrialisation more and more people are owning vehicles which leading more congestion, traffic, and accidents on roads.
It finds the market in North America will see highest growth, but the market in Asia Pacific to grow at a highest rate.
You can download a sample copy of the report here.
(Picture – PTV)