Mobile Resource Management (MRM) Solution Market is Growing Exponentially in Order to Gain More Demand by 2025

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, finds major applications in asset, workforce and fleet 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 field operations, through automating the business critical applications by improving management, visibility, reduce operating costs and increase mobile workforce productivity.

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 fleet 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.

Request for Sample Copy of this Report :

https://www.coherentmarketinsights.com/insight/request-sample/642

Reduction in costs achieved and high rate of return on investments (ROI) is anticipated to be the prominent industry growth driver

Utilization of these systems allows end use industry to enable efficient means of managing data, costs and increased accountability. The data received from these systems is stored in standardized database, which is easily accessible on demand. This enables end user to create meaningful reports regarding the performance of the workforce, and plan decisions accordingly. Moreover, reduced paper work related expenses, low overtime labor costs, accurate job evaluation, and high job completion rates enables increased profit margins. These factors are expected to garner increased adoption rates and propel the mobile resource management solution market over the forecast period.

High initial cost and reluctance of SMBs towards the mobile resource management solution is expected to present major growth challenge

Significant number of small and medium-sized 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 organizations 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 customization costs.

U.S. held the major industry share, whereas Asia Pacific 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 significant growth potential over the forecast years. Asia Pacific has witnessed significant 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 offer significant 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.

Chief industry participants in the mobile resource management solutions market include AppLocation Systems, Inc., AT&T, CalAmp Corporation, Garmin International, Masternaut, PeopleNet Communications Corporation, SkyBitz, Inc., and Spireon, Inc. Industry participants are increasingly making efforts 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 efficiency for assets and personnel, in June 2017.

Request for Table of Content of this Report :

https://www.coherentmarketinsights.com/ongoing-insight/toc/642

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

Visit our news Website: http://www.coherentchronicle.com

You may be interested

Widespread Use Of Insulin Pens Is Likely To Fuel The Growth Of The Disposable Insulin Pen Market
Healthcare
Healthcare

Widespread Use Of Insulin Pens Is Likely To Fuel The Growth Of The Disposable Insulin Pen Market

Mohit Joshi - October 20, 2018

The Disposable Insulin Pen Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added in its…

Pulse Oximeter Market Is Also Driven By Technology Advancements And Also In Expansion Of Clinical Applications
Healthcare
Healthcare

Pulse Oximeter Market Is Also Driven By Technology Advancements And Also In Expansion Of Clinical Applications

Mohit Joshi - October 20, 2018

The Pulse Oximeter Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added in its large…

Extracorporeal Shock Wave Lithotripsy Market Is Being Fuelled By Rise In Incidence Of Kidney Stones
Healthcare
Healthcare

Extracorporeal Shock Wave Lithotripsy Market Is Being Fuelled By Rise In Incidence Of Kidney Stones

Mohit Joshi - October 20, 2018

The Extracorporeal Shock Wave Lithotripsy Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added in…

Most from this category