The Global Market for Mobile Resource Management (MRM) Solutions is Projected to Reach US$15.3 Billion by 2022

Emphasis on Monitoring & Tracking to Drive Growth of Mobile Resource Management (MRM) Solutions, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Mobile Resource Management (MRM) Solutions market. The global market for Mobile Resource Management (MRM) Solutions is projected to reach US$15.3 billion by 2022, driven by the increased need for monitoring and tracking mobile employees and assets and continuous technology innovations that enhance reliability, scalability and performance of MRM solutions.  

Mobile Resource Management (MRM) Solutions, a broad term encompassing an entire gamut of human resources, devices, software, and vehicles, among others, bring together telecommunication technology (cellular, GPS) and information processing capabilities. MRM evolved from being a premium service to a standard feature in the logistics and fleet management industry. Few of the benefits of MRM solutions and services driving their adoption include improvement in vehicle overall performance and higher operational reliability. Use of MRM allows operators to maintain a proper repair schedule, enables better vehicle maintenance and helps in optimization of navigation route. Complete integration of the major components making up a MRM solution, connectivity, data interoperability server, decision making (viewing and reporting) software, GIS data and hardware, is of utmost necessity for proper functioning of MRM solutions.

MRM subscriber base has been witnessing growth across the world in spite of strong headwinds stemming from the economic meltdown of 2007-09 as well as the patchy post- recession economic performance of several major economies globally. Demand remains strong especially in verticals such as local fleets (delivery, people, service, transportation and utilities among others) and government fleets. Regulatory requirements with regard to safety and security of drivers and vehicles also act as growth catalysts. The U.S. and Europe have highest ARPU geographically and continue to dominate the global MRM market. The major drivers for dominance of these regions include declining hardware costs, reduction in costs of wireless data, enhanced features of MRM solutions, increased demand for hardware replacement spurred by increased adoption of 3G and 4G cellular networks, as well as increased awareness of higher RoI that MRM solutions provide. Giving tough competition to the European and the U.S. hegemony is the BRIC region (Brazil, Russia, India, China), which is narrowing the gap very quickly, both in terms of increased volumes and higher growth rates. An interesting paradox in the global MRM solutions market is the fact that increased revenue need not necessarily translate into profitability as regions having lower ARPU can also be profitable provided these have relatively low cost structures.

As stated by the new market research report on Mobile Resource Management (MRM) Solutions, the United States represents the largest market worldwide supported by factors such as lower service fees and declining hardware costs. Asia-Pacific ranks as the fastest growing market exhibiting a CAGR of 14.5% over the analysis period.

Major players covered in the report include AppLocation Systems Inc., AT&T Inc., CalAmp Corp., The Descartes Systems Group Inc., Garmin International Inc., Masternaut, PeopleNet Communications Corp., SkyBitz Inc., Spireon Inc., Telenav Inc., Teletrac Navman Group, Telogis Inc., Transics International NV, Trimble Inc. and Verizon Communications Inc., among others.

The research report titled “Mobile Resource Management (MRM) Solutions: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections of revenues for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific, Middle East & Africa and Latin America.

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