MRM, or mobile resource management, is the practice of monitoring and controlling a variety of mobile resources. These are typically very large (Class 8) commercial trucks used in the trucking industry to transport freight. Such mobile resources may include heavy machinery (sometimes referred to as "black iron" or "dirt steel") and other hazardous equipment on construction and mining project sites. Weather and environmental factors must be taken into account in all MRM solutions, as they frequently provide serious difficulties. Traditional dispatching uses the computer systems of the vehicle to acquire management information, which is subsequently sent to the operations center where it is kept in real-time. The trucking and transportation industries are where MRM solutions are most frequently used.
The market for mobile resource management (MRM) solutions is anticipated to grow at a rapid rate, driven by the sector's expansion in transportation and logistics. Due to the need for these systems and services to monitor fleet assets, such as trailers and heavy machinery, MRM solutions are commonly employed in transportation and logistics applications. Both industrialized and developing economies have seen tremendous expansion in the transportation sector. Over 60% of freight is handled on highways, whereas 2.4 million tons are moved by rail each day in India, according to the World Bank. Over time, the adoption of MRM solutions has expanded due to the quick uptake of GPS-enabled smartphones and tablets. Consequently, these variables are anticipated to fuel the global mobile resource management (MRM) solution's expansion. Furthermore, increasing industrialization and growing urbanization are expected to propel the global mobile resource management (MRM) solution market growth in the near future.
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