What is Physical Resource Management Market?
Physical resources are the tangible things such as equipment, raw materials, buildings, and facilities. It helps to ensure the right resource at right place at right time for the project to proceed as planned. Physical resources are needed in every businesses wither product or service based. The product based business uses physical resource for sale of goods and operation of business. While the service based business uses it for the delivery of service. There are four processes for management of physical resources that are plan resource management, estimate activity resource, acquire resources, and control resources.
The market study is being classified by Type (Real Estate, Fixed Asset, Tangible Movable Property, Inventory and Human Resource) and major geographies with country level break-up.
IBM (United States), Oracle (United States), Zoho (India), Real Asset Management (Australia), Infor (United States), MRI Software (United States), RealPage (United States), Yardi Systems (United States), AMSI Property Management (United States) and BigCommerce Pty. Ltd (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are CenPorts (United States), BambooHR (United States) and Workday (United States).
The market Physical resource management is Concentrated as it consists of major players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Physical Resource Management market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Physical Resource Management market by Type, Application and Region.
On the basis of geography, the market of Physical Resource Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Need for Physical Resource Management to Increase Efficiency of Project
- Benefits Such as Taking Control of Project, Avoiding Problems, and Transparency
Market Trend
- Increasing Adoption of Physical Resource Management in Large Enterprises
Restraints
- Lack of Skilled Professionals May Hamper the Market
Opportunities
- Technological Advancements is Boosting the Market Growth
- Increasing Awareness about the Physical Resource Management
Challenges
- Stiff Competition among the Major Players
Market Leaders and some development strategies
On 14 January 2019, IBM has acquired T systems’ mainframe service business and On 2nd October 2019, Oracle has acquired Crowd Twist which is an industry leading provider of comprehensive multichannel loyalty and analytics solutions
Key Target Audience
Physical resource management service provider, Government associations, Research organizations, Organizations and Others