North American Mobile Asset Management Market Continues Steady Growth Across Multiple Use Cases, Forecast to 2025

North American Mobile Asset Management Market Continues Steady Growth Across Multiple Use Cases, Forecast to 2025

COVID-19, More Affordable Technologies, and Higher Customer Expectations are Driving New Sales

RELEASE DATE
12-Nov-2020
REGION
North America
Deliverable Type
Market Research
Research Code: K4D2-01-00-00-00
SKU: IT04224-NA-MT_24939
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Description

This study examines the North American mobile asset management (MAM) market. For the purposes of this study, mobile asset management offerings are defined as solutions that use wireless tracking devices and cellular, location, and sensor technologies to remotely locate and monitor moveable assets that are outside of a company’s four walls. Rich data analytics can also be included. The typical mobile asset management solution includes a hardware tracking device, sensors, application software, cellular data network service, and a web-based administrative portal.

Key market trends, adoption dynamics, and potential growth opportunities are examined. Revenue forecasts are provided for three product categories: 1) Field Equipment Tracking solutions, 2) Trailer and Container Tracking solutions, and 3) High-Value Cargo Tracking solutions. The total market is projected to exhibit a CAGR of 10.6% over 2019-2025.

The mobile asset management industry continues on a strong growth trajectory in North America, thriving in today’s business environment by identifying and pursuing a series of new, profitable use cases. A high percentage of North American companies have moveable assets located outside of their four walls, representing a sizeable investment on the companies’ part. The utilization of GPS location tracking (MAM’s most basic capability) has been highly effective in protecting these assets from theft. However, customer needs are becoming more complex, expanding from simple location tracking to also include sensor monitoring, rich analytics, and more predictive and proactive planning.

Current MAM solution users will want to remain current on product enhancements and the growing mix of industry participants. High-potential new business prospects should be aware of the increased affordability and benefits of these solutions. All stakeholders will want to track trends, partnership opportunities, and evolving customer needs.

Challenges to industry growth in today’s mobile asset management market include: 1) Customers anticipating a grueling change management experience, 2) Concerns regarding scalability, 3) Customers’ perceived lack of expertise regarding these offerings, 4) Worries regarding the cost of these solutions, 5) Gaps in LTE-M network coverage, especially for users that require national and international reach, and 6) Lack of powerful data analytics capabilities as customer needs become more sophisticated.

Companies interviewed for this study include AT&T, CalAmp, Fleet Complete, OnAsset Intelligence, Spireon, and Verizon.

Key Issues Addressed

  • Who are the current key participants (vendors and channels) in this sector?
  • What is the current distribution mix?
  • What is the revenue forecast for the mobile asset management market as a whole and for each of the three product categories investigated – Field Equipment Tracking, Trailer and Container Tracking, and High-Value Cargo Tracking?
  • What impact is the COVID-19 pandemic expected to have on uptake?
  • What are three top strategic imperatives impacting today’s mobile asset management industry?
  • What are the four increasingly rich layers of functionality into which mobile asset management solutions are stratifying?
  • Who are key competitors in each of the three major mobile asset management product categories?
  • What are three major growth opportunities in this industry?
  • What are the major growth drivers and growth constraints in today’s mobile asset management industry?

Author: Jeanine Sterling

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8

The Impact of the Top Three Strategic Imperatives on the Mobile Asset Management Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Mobile Asset Management Scope of Analysis

Mobile Asset Management Scope of Analysis (continued)

Mobile Asset Management Scope of Analysis (continued)

Mobile Asset Management Segmentation

Key Competitors for Mobile Asset Management

Key Growth Metrics for Mobile Asset Management

Distribution Channels for Mobile Asset Management

Growth Drivers for Mobile Asset Management

Growth Restraints for Mobile Asset Management

Forecast Assumptions—Mobile Asset Management

Revenue Forecast—Mobile Asset Management

Revenue Forecast by Product—Mobile Asset Management

Revenue Forecast Analysis—Mobile Asset Management

Pricing Trends and Forecast Analysis—Mobile Asset Management

Competitive Environment—Mobile Asset Management

Key Growth Metrics for Field Equipment Tracking

Revenue Forecast—Field Equipment Tracking

Forecast Analysis—Field Equipment Tracking

Key Growth Metrics for Trailer and Container Tracking

Revenue Forecast—Trailer and Container Tracking

Forecast Analysis—Trailer and Container Tracking

Key Growth Metrics for High-Value Cargo Tracking

Revenue Forecast—High-Value Cargo Tracking

Forecast Analysis—High-Value Cargo Tracking

Growth Opportunity 1: OEM Partnerships to Expand Reach, Neutralize Adoption Barriers, and Increase Revenues, 2020

Growth Opportunity 1: OEM Partnerships to Expand Reach, Neutralize Adoption Barriers, and Increase Revenues, 2020 (continued)

Growth Opportunity 2: Expanding Down-Market to Create a New Revenue Stream, 2020

Growth Opportunity 2: Expanding Down-Market to Create a New Revenue Stream, 2020 (continued)

Growth Opportunity 3: Asset-Management-as-a-Service to Capture New Markets and Increase Profitability, 2020

Growth Opportunity 3: Asset-Management-as-a-Service to Capture New Markets and Increase Profitability, 2020 (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

This study examines the North American mobile asset management (MAM) market. For the purposes of this study, mobile asset management offerings are defined as solutions that use wireless tracking devices and cellular, location, and sensor technologies to remotely locate and monitor moveable assets that are outside of a companys four walls. Rich data analytics can also be included. The typical mobile asset management solution includes a hardware tracking device, sensors, application software, cellular data network service, and a web-based administrative portal. Key market trends, adoption dynamics, and potential growth opportunities are examined. Revenue forecasts are provided for three product categories: 1) Field Equipment Tracking solutions, 2) Trailer and Container Tracking solutions, and 3) High-Value Cargo Tracking solutions. The total market is projected to exhibit a CAGR of 10.6% over 2019-2025. The mobile asset management industry continues on a strong growth trajectory in North America, thriving in todays business environment by identifying and pursuing a series of new, profitable use cases. A high percentage of North American companies have moveable assets located outside of their four walls, representing a sizeable investment on the companies part. The utilization of GPS location tracking (MAMs most basic capability) has been highly effective in protecting these assets from theft. However, customer needs are becoming more complex, expanding from simple location tracking to also include sensor monitoring, rich analytics, and more predictive and proactive planning. Current MAM solution users will want to remain current on product enhancements and the growing mix of industry participants. High-potential new business prospects should be aware of the increased affordability and benefits of these solutions. All stakeholders will want to track trends, partnership opportunities, and evolving customer needs. Challenges to industry growth in todays mobile asset management market include: 1) Customers anticipating a grueling change management experience, 2) Concerns regarding scalability, 3) Customers perceived lack of expertise regarding these offerings, 4) Worries regarding the cost of these solutions, 5) Gaps in LTE-M network coverage, especially for users that require national and international reach, and 6) Lack of powerful data analytics capabilities as customer needs become more sophisticated. Companies interviewed for this study include AT&T, CalAmp, Fleet Complete, OnAsset Intelligence, Spireon, and Verizon.--BEGIN PROMO--

Key Issues Addressed

  • Who are the current key participants (vendors and channels) in this sector?
  • What is the current distribution mix?
  • What is the revenue forecast for the mobile asset management market as a whole and for each of the three product categories investigated – Field Equipment Tracking, Trailer and Container Tracking, and High-Value Cargo Tracking?
  • What impact is the COVID-19 pandemic expected to have on uptake?
  • What are three top strategic imperatives impacting today’s mobile asset management industry?
  • What are the four increasingly rich layers of functionality into which mobile asset management solutions are stratifying?
  • Who are key competitors in each of the three major mobile asset management product categories?
  • What are three major growth opportunities in this industry?
  • What are the major growth drivers and growth constraints in today’s mobile asset management industry?

Author: Jeanine Sterling

More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Jeanine Sterling
Industries Information Technology
WIP Number K4D2-01-00-00-00
Is Prebook No
GPS Codes 9755-C4,9705-C1,9657,9658