Mobile Resource Management Market 2023 Growth Rate, Demands, Status, Key Players- Spireon, The Descartes Systems Group, Trimble, AT&T, Garmin International, AppLocation Systems

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.

Top Manufacturer Detail-

Spireon, The Descartes Systems Group, Trimble, AT&T, Garmin International, AppLocation Systems, CalAmp, and SkyBitz Inc

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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.

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.

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Table of Contents

1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Industry Trends 10
1.3 PEST Analysis 10

2 Report Outline 11
2.1 Report Scope 11
2.2 Report Summary 12
2.3 Research Methodology 12
2.4 Report Assumptions 13

3 Market Snapshot 14
3.1 Total Addressable Market (TAM) 14
3.2 Segmented Addressable Market (SAM) 14
3.3 Related Markets 15
3.3.1 IoT Fleet Management Market 15
3.3.2 Predictive Maintenance Market 15

4 Market Outlook 15
4.1 Overview 16
4.2 Market Definition 16
4.3 Market Trends 16
4.4 Ecosystem of Mobile Resource Management 16
4.5 Architecture 17
4.5.1 Basic components of Mobile Resource Management 17
4.6 Market Segmentation 18
4.7 Porter 5 (Five) Forces 19

5 Market Characteristics 21
5.1 Benefits of Mobile Resource Management 21
5.2 Market definition 21
5.3 Market Dynamics 21
5.3.1 Drivers 22
5.3.1.1 Business requirements of optimum resource utilization 22
5.3.1.2 Rising integration of assets with smart devices 22
5.3.1.3 Advancements in wireless solutions, analytics, and visualization 23
5.3.2 Restraints 23
5.3.2.1 Data privacy and security concerns 23
5.3.2.2 Lack of telematics infrastructure 23
5.3.2.3 High initial costs 23
5.3.3 Opportunities 23
5.3.3.1 Opportunities in Auto-insurance 23
5.3.3.2 Partnerships for end-to-end solutions 24
5.3.4 DRO-Impact Analysis 24

6 Solutions: Market Size and Analysis 25
6.1 Overview 25
6.1.1 Driver Behaviour Management Solutions 26
6.1.2 Enterprise Asset Management 26
6.1.3 Fleet Management 27
6.1.4 Field Service Management 27

7 Services: Market Size and Analysis 29
7.1 Overview 29
7.1.1 Training 29
7.1.2 Installation & implementation 30
71.3 Consulting 31

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