School Bus Routing Software Market Size, Share, Growth, and Industry Analysis by Type (Basic ($99-179/Annually), Standard ($179-399/Annually), and Senior ($399-599/Annually)) By Application (Below 500 Students, 500-2000 Students, 2000-5000 Students, and More than 5000 Students), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

School Bus Routing Software Market Report Overview

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global school bus routing software market size was USD 927.57 million in 2021 and market is touch USD 1602.9 million by 2031 at CAGR 5.62% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with school bus routing software experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

The creation and optimization of routes, the management of drivers, and the tracking of children and vehicles are all made possible by school bus routing software. Bus timetables and route selection are supported by school bus routing software. School bus routing software optimizes driver routes to cut down on fuel consumption, like most route planning systems. Depending on the skills they require, school systems and/or bus management contractors have two main options to select from.

COVID-19 Impact: Lockdown Restrictions to Impede Market Growth

The COVID-19 pandemic breakout in the first quarter of 2020 presented industry with previously unheard-of difficulties. Governments must impose lockdown and social segregation laws worldwide to stop the virus's fast spread. Industries including the automobile sector were compelled to stop production, assembly, and manufacture across Europe, America, and Asia as a result of the lockdowns. The demand for passenger and commercial automobiles was significantly impacted by the lockdown as well.

Latest Trends

"Technological Advancement to Lift Market Development "

Software for managing school buses easily and providing increased safety during transportation is called school bus routing. It enables administration of schedules, vehicles, and bus routes by bus operators and schools. Today, the majority of schools provide employees and students with bus transportation. New technologies used in the production of school buses ensure that the service is fair and responsible for everyone.

The school bus routing software market growth is mostly attributable to the rise in demand for bus routing software, which enables schools to provide staff and students with enhanced safety and real-time tracking of school buses.

School Bus Routing Software Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Basic ($99-179/Annually), Standard ($179-399/Annually), and Senior ($399-599/Annually).

• By Application Analysis

Based on application, the market can be divided into Below 500 Students, 500-2000 Students, 2000-5000 Students, and More than 5000 Students.

Driving Factors

"Increasing Number of Accidents to Drive Market Development"

Fleet management businesses and government agencies have made installing monitoring devices in all cars to monitor their position and speed essential due to the rise in traffic accidents. Additionally, market growth is predicted to be fueled by the growing adoption of intelligent transportation systems and the arrival of 5G in vehicle connection. The demand for advanced and common vehicle tracking systems is rising along with the desire for autonomous and semi-autonomous cars.

"Government regulations to Fuel Market Development"

Vehicle monitoring systems are no longer just used for road transportation; because of technical improvements, they are now also used in the aviation industry. In addition to facilitating passenger travel, aviation also supports international trade. Government agencies are passing legislation in several nations requiring the installation of vehicle monitoring devices in both commercial and passenger cars. Additionally, the use of GPS tracking devices in the logistics and supply chain sectors is growing, which will aid in the market's expansion during the forecast period.

Restraining Factors

"Asset Evaluation by Prominent Players to Hamper Market Development"

In the logistics industry, cargo worth billions of dollars is imported and exported between countries using air transport. GPS deteriorates, becomes unreliable, and causes chaos if the driver is not aware of the road. As a result, the major players were forced to develop an extensive vehicle and asset evaluation and tracking system specifically for air transportation, which fueled the market's expansion.

School Bus Routing Software Market Regional Insights

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"Fleet Management to Expand Market Growth in North America"

The school bus routing software market share is anticipated to be highest in North America. Technologies for fleet management have been adopted as a result of the development of intelligent systems. Additionally, there are rising worries about carbon emissions as well as increased knowledge of cargo and fleet technology. The government's obligatory safety standards are another factor in the market's expansion.

Over the course of the forecast period, Asia Pacific is anticipated to increase at a CAGR. The expansion of the school bus routing software market is being fueled by elements such as networking technology advancement, an increase in the sales of commercial and passenger vehicles, strict governmental regulations, the rising popularity of e-commerce in the region, and rising trade activities.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Advanced Management Software (U.S.)
• Dex IT Consulting (India)
• Education Logistics (U.S.)
• Cook Consulting (U.S.)
• BusBoss (U.S.)
• Orbit Software (India)
• Georef Systems (Canada)
• Edsys (India)
• Citygate GIS (U.S.)
• Seoan (South Korea)
• Moovex (U.S.)
• BusHive (U.S.)
• TripSpark (U.S.)
• Tyler Technologies (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.