Mobile Resource Management (MRM) Solution Market to Receive Overwhelming Hike in Revenues by 2026
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.
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.
For In depth Information Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/642
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.
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
Inquire Here Before Purchase of Research Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/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.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Resource Management (MRM) Solution Market to Receive Overwhelming Hike in Revenues by 2026 here
News-ID: 1711436 • Views: 804
More Releases from Coherent Market Insights (CMI)
Hyperbaric Oxygen Therapy (HBOT) Devices Market 2021-2028 | Fink Engineering Pty …
Growing prevalence of diabetic foot ulcers is expected to grow the need for hyperbaric oxygen therapy devices, which is expected to boost the global hyperbaric oxygen market growth during the forecast period. According to the National Center for Biotechnology Information, the prevalence of diabetic foot ulcers (DFU) among hospitalized patients in China ranged from 4% - 10% in 2015. Request Sample Report + Related Graphs & Charts @: https://www.coherentmarketinsights.com/insight/request-sample/553 Key Players in This
3D Cell Culture Market is Expected to Exhibit a CAGR of 23.4% by forecast 2021-2 …
Growing cases infectious diseases and cancer is expected to boost the global 3D cell culture market growth over the forecast period. Moreover, increasing demand for 3D cell culture for treatment of numerous diseases is expected to accelerate the market growth in the near future. According to the World Health Organization (WHO), September 2018 data finding, cancer is the second leading cause of death globally, and is responsible for an estimated
Life Sciences BPO Market 2021-2028 | Booming Globally with Catalent, Boehringer …
In life sciences, research and development BPO services include biometric, competitive intelligence pipeline research, R&D portfolio management, and more. Furthermore, drug development services include clinical data management, regulatory services, and pharmacovigiliance. The global life sciences BPO market is projected to account for US$ 667.3 Bn in terms of value by the end of 2027. Request Sample Report + Related Graphs & Charts @: https://www.coherentmarketinsights.com/insight/request-sample/24 Key Players in This Report Include Catalent, Boehringer Ingelheim
Urea Breath Test Market to Reach $157.2 Million, at 5.1% CAGR by 2028 | Mayoli S …
Urea Breath Test Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Urea Breath Test industry with an attention on the Global market. The report gives key insights available status of the Urea Breath Test producers and is an important wellspring of direction and course for organizations and people keen on the business. By and large, the report gives an inside
More Releases for MRM
Latest COVID-19 Impact Report on Marketing Resource Management (MRM) Market
In addition, many governments are focusing on several activities to help the businesses in the novel coronavirus time. For instance, Germany government has announced future technology investment package around $56 billion in the areas like artificial intelligence, hydrogen economy and quantum technologies. Also, the governments of Singapore and Germany have confirmed the cooperation to help the start-ups and taken measures to support enterprises with their continuous alliances in promoting advancements
Mobile Resource Management (MRM) Solution Market - Global Industry Insights, Tre …
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
Mobile Resource Management (MRM) Solution Market is expected to show significant …
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. Mobile Resource Management (MRM) Solution
Tribulus Market 2017 - APS, MRM, Natural Sport, California Gold Nutrition
Apex Research, recently published a detailed market research study focused on the "Tribulus Market" across the global, regional and country level. The report provides 360° analysis of "Tribulus Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Tribulus industry, and estimates the future trend of Tribulus market on the basis of this
Marketing Resource Management (MRM) Market - Pin Point Analysis For Changing Com …
Marketing Resource Management (MRM) Market: Overview Marketing resource management (MRM) is gaining popularity in different industry verticals to foster their marketing activities and thus increasing business revenues. The growth in marketing activities is driven by the highly competitive environments that the companies today operate in, encouraging brands to promote and market their products in an efficient way to compete better. Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11558 Marketing
Rising Demand For Improvement In Customer Digital Experience To Boost Global Mar …
This study deploys a detailed understanding of the market for marketing resource management (MRM) and is made by carrying both secondary and primary research. The market has been studied in terms of value chain analysis and technology front. The key segments leading the market at present and their state by the end of the forecast period has also been presented. The mergers and acquisitions taking place in the market and