ICT RESEARCH REPORTS Mobile-Resource-Management-(MRM)-Solution-Market | Page 2

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.
Browse More About the Market Study @
https://www.coherentmarketinsights.com/ongoing-insight/mobile-resource-management-solution-market-642
“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.
“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