Mobile Resourse Management Solution Market

Mobile Resource Management (MRM)
Solution Market - Global Industry
Insights, Trends, Outlook, 2017–2025
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
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.
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Mobile Resource Management (MRM) Solution Market Taxonomy
On the basis of technology, the global mobile resource management solution market is
classified into:
● Field force management
● Field service automation
● Mobile sales force automation
On the basis of components, the global mobile resource management solution market is
classified into:
Data Interoperability Server
Geographic information system (GIS) Data
Decision making, Viewing and Reporting Software
On the basis of end users, the global mobile resource management solution market is
classified into:
Transportation & Logistics
Energy & Utilities
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.
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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.
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Mobile Resource Management (MRM) Solution Market report categorizes global market on the basis of technology, components, and end-users - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025