About Routific Solutions
Routific Solutions is a logistics platform that operates in the route optimization and delivery management industry. The company offers a route planning software that optimizes delivery routes, provides real-time tracking of drivers, and offers customers delivery notifications and tracking links. Routific primarily serves businesses in the delivery sector. It was founded in 2012 and is based in Vancouver, British Columbia.
Research containing Routific Solutions
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Routific Solutions in 1 CB Insights research brief, most recently on May 18, 2021.
Expert Collections containing Routific Solutions
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Routific Solutions is included in 1 Expert Collection, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Latest Routific Solutions News
Jun 1, 2022
News provided by Share this article Share this article The global route optimization software market reached a value of US$ 6.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 17.7 Billion by 2027, exhibiting at a CAGR of 17.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. Route optimization software enables the user to manage and plan delivery routes via robust algorithms. It is efficient, cost-effective, and provides a remarkable user experience compared to manual route planning, which is error-prone and time-intensive. Moreover, it can update already planned routes in real-time, thereby improving driver management and planning for future business challenges. Nowadays, leading players are introducing new route optimization software that minimizes fuel costs and saves time. It integrates digital technology, historical traffic data, weather conditions, and scenario modeling to help identify the fastest, economical, and planned route with multiple stop points. Route Optimization Software Market Trends: Due to digitization and the expansion of business globally, manual route optimization has become more challenging. This represents one of the key factors propelling enterprises around the world to adopt route optimization software as it is efficient, scalable, accurate, flexible, and robust. Apart from this, the escalating demand for online food delivery solutions on account of their convenience, along with the increasing utilization of smartphones and the burgeoning food and beverage (F&B) industry, is bolstering the market growth. In addition to this, food service providers are focusing on improving the accuracy of online orders, simplifying order processing, and providing discount coupons to expand their consumer base. This, in turn, is contributing to market growth. Moreover, small and medium-sized enterprises (SMEs) are relying on route optimization software to increase productivity and improve their customer experience. It also assists in managing driver schedules, available hours, total stops, fulfillment estimates, and legal requirements. Furthermore, rising fuel prices are anticipated to promote the adoption of modern route optimization software to lower operational, fuel, and driver payroll costs significantly. Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being Caliper Corporation, Environmental Systems Research Institute Inc., Geoconcept SAS, Microlise Telematics Pvt. Ltd., Omnitracs (Solera Holdings Inc.), Ortec B.V., Paragon (Aptean), PTV Planung Transport Verkehr AG (Porsche SE), Route4me Inc, Routific Solutions Inc, Verizon Communications Inc. and Workwave LLC (IFS AB). Key Questions Answered in This Report: How has the global route optimization software market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global route optimization software market? What are the key regional markets? What is the breakup of the market based on the solution? What is the breakup of the market based on the deployment type? What is the breakup of the market based on the organization size? What is the breakup of the market based on the vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global route optimization software market and who are the key players? What is the degree of competition in the industry? Key Topics Covered:
Routific Solutions Frequently Asked Questions (FAQ)
When was Routific Solutions founded?
Routific Solutions was founded in 2012.
Where is Routific Solutions's headquarters?
Routific Solutions's headquarters is located at 555 West Hastings St., Vancouver.
What is Routific Solutions's latest funding round?
Routific Solutions's latest funding round is Grant.
How much did Routific Solutions raise?
Routific Solutions raised a total of $3.55M.
Who are the investors of Routific Solutions?
Investors of Routific Solutions include Sustainable Development Technology Canada, FireStarter Fund, Pallasite Ventures and Techstars.
Who are Routific Solutions's competitors?
Competitors of Routific Solutions include Onfleet and 3 more.
Compare Routific Solutions to Competitors
Locus delivers a dispatch management technology platform automating human decisions in the supply chain. The platform uses proprietary algorithms to offer logistics solutions like route optimization, real-time tracking, insights, analytics beat optimization, efficient warehouse management, vehicle allocation, and more. It also helps companies optimize their end-to-end supply chain network with strategic consulting. The platform was founded in 2015 and is based in Milpitas, California.
Onfleet offers delivery and fleet management software. The company's software includes smartphone applications for drivers, a cloud-based dispatch dashboard, automatic customer notifications, analytics, and more. It was formerly known as Addy. It was founded in 2012 and is based in San Francisco, California.
FarEye delivers a machine-learning-based predictive logistics platform. It executes, tracks, collaborates, predicts, and optimizes the movement of goods. It empowers companies with operational intelligence to achieve growth, consumer loyalty, and higher margins. The company was founded in 2013 and is based in Noida, India.
WorkWave is a company that focuses on providing forward-looking technology and services for field service businesses. The company offers a range of software solutions that help streamline operations, maximize workflows, and enhance customer experiences, including CRM & ERP software, field operations, routing & scheduling, sales & services, reporting and analytics, billing & payments, and financial services. WorkWave primarily serves sectors such as pest control, cleaning, HVAC, lawn care, delivery, and security. WorkWave was formerly known as Marathon Data Systems. It was founded in 1984 and is based in Holmdel, New Jersey. WorkWave operates as a subsidiary of IFS.
Wise Systems develops autonomous dispatching and routing software. The software schedules, monitors, and adjusts routes considering multiple variables and constraints and helps fleet managers optimize transportation operations and make deliveries. It was founded in 2014 and is based in Cambridge, Massachusetts.
DispatchTrack is a company that specializes in delivery management software, operating within the logistics and supply chain industry. The company offers a range of services including route optimization, real-time delivery tracking, and customer self-scheduling, all aimed at improving the efficiency and reliability of last-mile deliveries. Their primary customers span various sectors such as retail, healthcare, food and beverage, and building supplies. It was founded in 2010 and is based in San Jose, California.