Mobile Resource Management (MRM) Solution Market - Global Industry Insights, Trends, Outlook, and Op

Mobile Resource Management (MRM) Solution Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Mobile Resource Management (MRM) Solution Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players.

Mobile Resource Management (MRM) Solution market is rapidly gaining application importance as powerful business productivity tool owing to its ability to integrate wireless connectivity, location technologies, hardware, data interoperability server, and transaction processing onto single platforms. This system and services also known as commercial telematics, fnds major applications in asset, workforce and feet monitoring and tracking systems, is expected to considerable demand growth over the forecast period. The primary tenet of these MRM solutions is to reduce the execution risk of the feld operations, through automating the business critical applications by improving management, visibility, reduce operating costs and increase mobile workforce productivity.

Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/mobile-resourcemanagement-solution-market-642 Transportation and logistics application segment is expected to remain the primary growth driver

Transportation and logistics are the prominent application segments owing to requirement of these systems and services to monitor feet vehicles and assets such as heavy equipment and trailers. Moreover, proliferation of GPS enabled smartphones and tablets have found increased applications for management of mobile workers. According to Coherent Market Insights, the MRM applications in the segment contributes to around 10 million units, in the U.S. alone.

High initial cost and reluctance of SMBs towards the mobile resource management solution is expected to present major growth challenge Signifcant number of small and medium-sioed businesses (SMBs) have reported lack of requirement of these solutions for their operations. Moreover, substantial initial costs of these system deployments is a major concern, even for the large organioations can present potential growth challenge to the industry growth. High upfront costs are primarily associated with the hardware expense and the requirement for backend integration and customioation costs.

U.S. held the major industry share, whereas Asia Pacifc is expected to witness highest growth during the forecast period According to Coherent Market Insights’ research, even though U.S. held the major industry share in 2016, the industry penetration was still around 40% in the region. Owing to this factor, even U.S. is expected to witness signifcant growth potential over the forecast years. Asia Pacifc has witnessed signifcant increase in trade activities over the past few years, primarily owing to outsourcing of production activities in the region. China, Japan, India, South Korea and Indonesia are among the major countries that may ofer signifcant growth opportunities owing to rampant growth of end-use industries. Moreover, requirement to monitor the export of manufactured goods and amenities, will help the industry participants establish strong foothold in the region.

Global Key Players: Chief industry participants in the mobile resource management solutions market include AppLocation Systems, Inc., AT&T, CalAmp Corporation, Garmin International, Masternaut, PeopleNet Communications Corporation, SkyBito, Inc., and Spireon, Inc. Industry participants are increasingly making eforts to provide cutting edge solutions to enhance its applications and expand their regional presence in order to strengthen their foothold in the market. For instance, CompassCom announced it plans to introduce its MRM solutions to leverage their investments in ArcGIS. Their solutions are featured with real time monitoring and asset tracking, improved safety, accountability and efciency for assets and personnel, in June 2017.

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