Mobile resource management, or MRM, pertains to tracking and managing a wide range of mobile resources. In the trucking business, these are usually very large (Class 8), commercial vehicles used for hauling freight. On construction and mining project sites, such mobile resources can include heavy equipment (sometimes called "black iron" or "dirt steel") and other dangerous equipment. All MRM solutions must account for weather and environmental considerations, which often pose significant challenges. With traditional dispatching, MRM solutions gather management information through the vehicle's computer systems and then send it to the operations center where it is stored in real-time. The use of MRM solutions is most often seen in the trucking and transportation industries.
Rapid growth of the transportation and logistics sector is expected to drive growth of the global mobile resource management (MRM) solution market. MRM solutions are widely used in transportation and logistics applications due to the requirement of these systems and services to monitor fleet vehicles and assets including trailers and heavy equipment. The transportation sector has witnessed significant growth in both developed and emerging economies. According to the World Bank, roads carry over 60% of the freight, while 2.4 million tons of freight is transported via rail every day in India. Rapid penetration of GPS-enabled smartphones and tablets has led to increased adoption of MRM solutions over the years. Hence, such factors are expected to drive growth of the global mobile resource management (MRM) solution market. Furthermore, increasing industrialization and growing urbanization are expected to propel the global mobile resource management (MRM) solution market growth in the near future.
However, high capital investment and low adoption from small and medium-sized businesses (SMBs) is expected to restrain growth of the mobile resource management (MRM) solution market. Among regions, North America is expected to witness significant growth in the global mobile resource management (MRM) solution market. This is owing to technological advancements and the increased need for efficiency, reliability, and customer safety in the region. Furthermore, Asia Pacific is expected to register a lucrative growth rate, owing to the rampant growth of end-use industries in emerging economies such as India, China, and Japan.
Key companies involved in the global mobile resource management (MRM) solution market are AT&T, Inc., Verizon Communications, Inc., Masternaut, Trimble, Inc., Garmin International, Inc., SkyBitz, Inc., CalAmp Corporation, Spireon, Inc., and Telogis, Inc.
For instance, in February 2018, Trimble Inc. launched Trimble MX9 mobile mapping solution, which combines a vehicle-mounted mobile LiDAR system.
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