Global Mobile Resource Management Solutions Market Overview:
Mobile Resource Management solutions are defined as the combination of software, hardware, and technology, which updates the user about the location of mobile assets at a specified duration of time. The various benefits of using mobile resource management, namely strategic delivery planning, monitoring driver behavior, automatic vehicle locating and others. In addition, growing due to rapid industrialization and population growth worldwide and various initiatives taken by the government to reduce the daily traffic and accidents, are some of the major drivers which are propelling the growth of the market. It is expected to expand at a CAGR of 17.8% from 2018 to 2026
Growth Drivers
- Reduction in costs achieved and high rate of return on investments (ROI)
- Rising Need for Marketing Integration with Other Systems
- Increase in Diversity of Delivery Channels
Roadblocks
- Lack of Interest among Top Management and Lack of Cost Visibility
Opportunities
- Rising Demand from Emerging Economics such as India, China and others
- Growing Demand for Integrated Marketing Management
Challenges
- High initial cost as well as reluctance of SMBs towards the mobile resource management solution
- Limited IT Support for Marketing Resource management Implementation
Competitive Landscape:
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global marketing resource management solutions market can witness an upsurge in the forecast period.
Some of the key players profiled in the report are AppLocation Systems, Inc., (Canada), CalAmp Corporation (United States), Masternaut (United Kingdom), Teletrac Navman Group (United States), PeopleNet Communications Corporation (United States), Garmin International (United States), SkyBitz, Inc., (United States), AT&T Inc. (United States), Verizon Communications, Inc., (United States) and The Descartes Systems Group, Inc., (Canada). Additionally, following companies can also be profiled that are part of our coverage like Spireon, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Mobile Resource Management Solutions market by 2026. Considering Market by Components, the sub-segment i.e. Hardware will boost the Mobile Resource Management Solutions market. Considering Market by End User Industry, the sub-segment i.e. Transportation and Distribution will boost the Mobile Resource Management Solutions market. Considering Market by Technology, the sub-segment i.e. Field Force Management will boost the Mobile Resource Management Solutions market.
Latest Market Insights:
On August 2016, the AT&T Inc. (United States) has entered into a partnership with Toronto-based Fleet Compete in order to offer AT&T Fleet compete, which offers customer solutions namely asset tracking, fleet tracking, resource tracking, among others. Hence, this partnership will help in strengthening the position of the company
The National Safety Program (India) has developed GSA fleet vehicles, which operators by reducing crashes as well as minimizing costs. In addition, it provides messages of safety awareness among GSA fleet vehicle drivers, reducing risks, accidents, and others
What Can be Explored with the Mobile Resource Management Solutions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Mobile Resource Management Solutions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Mobile Resource Management Solutions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mobile Resource Management Solutions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mobile Resource Management Solutions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Mobile Resource Management Solutions, Suppliers of Mobile Resource Management Solutions, Wholesalers, Distributors and Retailers of Mobile Resource Management Solutions, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.