Mobile Resource Management Market By Solutions (Driver Behaviour Management Solutions, Enterprise Asset Management, Fleet Management, Field Service Management); Services (Training, Installation & Implementation, Consulting); Verticals (Government, Utilities, Oil & Gas, Logistics, Construction, Retail, Others); Regions (Americas, Europe, Asia Pacific, Middle East & Africa); [Americas (US, Canada, Mexico, Others); Europe (United Kingdom, Germany, France); Asia Pacific (China, Japan, Australia, South Korea); Middle East & Africa] - Drivers, Opportunities, Trends, and Forecasts to 2023
- August, 2017
- Domain: ICT - Social, Mobile, Analytics & Cloud (SMAC)
- Get Free 10% Customization in this Report
Mobile Resource Management (MRM) is a combination of technology, software, and hardware that informs a user about the location of mobile assets at a specified time. The organizations manage costs and resources through real-time tracking and monitoring with the help of Mobile Resource Management (MRM) solutions. The term is generally used interchangeably with Automatic Vehicle Location. Any agency or organization, that possesses valuable assets such as vehicles, laptops, and other costly equipment can benefit highly from the modern MRM solutions.
There are five basic components which are necessary to form a complete MRM solution. These fundamental components are connectivity, hardware, GIS data, data interoperability server, and a decision-making software. The widely available options for connectivity are Wi-Fi, satellite, two-way radios, and others. Various GPS capable hardware are readily available across the market. The data collected from the sensors can be easily extracted and compiled for real-time analysis. In addition, various decision-making software come bundled with the solutions, or can be easily obtained in the marketplace.
Since early 2010, the transportation & logistics companies have started adopting the MRM solutions. They are being used in the overall process, i.e. inbound, internal and external logistics. Moreover, are helping in easy traceability and monitoring of the processes in the shop floor, and in the fleet management. According to Infoholic Research the Mobile Resource Management (MRM) Market will grow at a CAGR of 15.9% during the forecast period 2017-2023 to aggregate $7,379.5 million. This technology is widely being adopted across diverse set of industries that includes public works, public safety, commercial snow ploughing businesses, and utility companies. While retail players are using MRM solutions to manage supply and demand under supply chain management, construction players are using for asset utilization, security, and safety.
Wireless connectivity is considered vital for the growth of mobile resource management. Modern connectivity tools such as wireless carrier systems, GPS, and Internet communications are already strengthening the ability of organizations in managing workforce. Bundled with the modern technologies, the modern MRM offerings are highly efficient in terms of reducing operational costs, improving mobile workforce performance, and delivering high quality customer service. Integrated analytics and visualization dashboards are already being adopted at a high growth rate, and driving the growth of MRM. However, there are still concerns of data privacy and security. Nowadays, most of the applications request access to one’s location data. Mobile applications with poor coding could expose one’s location to anyone. Hackers can find locations in real time, uncover schedules and patterns, and even find out the identity of the user. In addition, questions in various instance are yet to be answered such as, who would hold these valuable data and who would have the rights to access them.
Some of the key mobile resource management companies include Spireon, The Descartes Systems Group, Trimble, AT&T, Garmin International, AppLocation Systems, CalAmp, and SkyBitz Inc. Most of the major players are in the Americas region.
Advancements in cloud, IoT, and analytics has led to the rising adoption of MRM and telematics. As such there is rising competition in the market. Various large enterprises and SME’s have entered the market to address the rising technological needs. As customers are in search for end-to-end solutions, there is a rising number of partnerships. There is likely to be an increase in number of mergers, acquisitions, and collaboration in the next 5 years.
Americas is a major region which holds the largest share for MRM. The region has a large diverse set of industries who are willing to invest in the MRM solutions. In addition, the region has a well-developed ecosystem with a healthy competition which drives innovation. Europe has a huge transportation, logistics, and shipping market. The companies are utilising IoT, analytics, cloud, and various sensors and GPS tools to differentiate their services. Major automobile manufacturers are also partnering with MRM vendors to develop new products and services. As such, the MRM market is likely to grow at a stable pace in the region. Asia Pacific is among the fastest growing market for MRM solutions. The region boasts major developing economies with focus on manufacturing, logistics, and various other sectors. In addition, the government is focused on ICT infrastructure development.
With the help of MRM, organizations can increase the productivity and efficiency of their employees and ensure safety of the employees. From a business perspective, costs can be managed and reduced, and revenue could be improved. Modern MRM solutions are available with additional benefits, such as flexible hardware options for customers with specific needs. They can easily be integrated with other applications. They can be installed either on-premise or even through the networks of the vendors. In addition, the solutions are proven to be reliable.
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM) 14
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
3.3.1 IoT Fleet Management Market
3.3.2 Predictive Maintenance Market
4 Market Outlook
4.2 Market Definition
4.3 Market Trends
4.4 Ecosystem of Mobile Resource Management
4.5.1 Basic components of Mobile Resource Management
4.6 Market Segmentation
4.7 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Benefits of Mobile Resource Management
5.2 Market definition
5.3 Market Dynamics
188.8.131.52 Business requirements of optimum resource utilization
184.108.40.206 Rising integration of assets with smart devices
220.127.116.11 Advancements in wireless solutions, analytics, and visualization
18.104.22.168 Data privacy and security concerns
22.214.171.124 Lack of telematics infrastructure
126.96.36.199 High initial costs
188.8.131.52 Opportunities in Auto-insurance
184.108.40.206 Partnerships for end-to-end solutions
5.3.4 DRO – Impact Analysis
6 Solutions: Market Size and Analysis
6.1.1 Driver Behaviour Management Solutions
6.1.2 Enterprise Asset Management
6.1.3 Fleet Management
6.1.4 Field Service Management
7 Services: Market Size and Analysis
7.1.2 Installation & implementation
8 Verticals: Market Size and Analysis
8.1.3 Oil & Gas
9 Regions: Market Size and Analysis
220.127.116.11 United Kingdom
9.4 Asia Pacific
18.104.22.168 South Korea
9.5 Middle East & Africa (MEA)
10 Vendor Profiles
10.1.2 Business Units
10.1.3 Geographic Presence
10.1.4 SWOT Analysis
10.1.5 Business Focus
10.1.6 Business Strategy
10.2.2 Business Units
10.2.3 Geographic Presence
10.2.4 SWOT Analysis
10.2.5 Business Focus
10.2.6 Business Strategy
10.3.2 Business Units
10.3.3 Geographic Presence
10.3.4 SWOT Analysis
10.3.5 Business Focus
10.3.6 Business Strategy
10.4 Trimble Navigation Ltd.
10.4.2 Business Units
10.4.3 Geographical Revenue
10.4.4 Business Focus
10.4.5 SWOT Analysis
10.4.6 Business Strategy
10.5 AT & T Inc.
10.5.2 Business units
10.5.3 Geographic revenue
10.5.4 Business focus
10.5.5 SWOT analysis
10.5.6 Business strategies
11 Companies to Watch for
11.1.2 Cartasite in Mobile Resource Management Market
11.2 Global Satellite Engineering
11.2.2 Global Satellite Engineering in Mobile Resource Management Market
11.3.2 HyperTrack in Mobile Resource Management Market
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.