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Rail Asset Management Market by Offering (Solutions (Condition Monitoring, Predictive Maintenance, Security, Asset Planning & Scheduling) and Services), Application (Rolling Stock and Infrastructure), Deployment Mode and Region - Global Forecast to 2026

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    Report

  • 273 Pages
  • January 2022
  • Region: Global
  • Markets and Markets
  • ID: 5188154
Description Jump to:
The global rail asset management market size is expected to grow from USD 10.1 billion in 2021 to USD 13.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period. The rail industry plays a vital role in shaping the economic and financial position of a country. It carries billions of passengers and freights daily and generates huge revenues. Due to the ease and comfort in transportation, the dependence on railways for both passengers and goods is rising at a rapid pace. A majority of countries are investing heavily in rail infrastructure to provide a seamless experience to their citizens through railways. Railways also help governments minimize the cost of transfer of passengers as well as goods, considering the huge carrying capacity it offers in a single run. The growing dependence on railways is increasing the pressure on the existing rail infrastructure. This leads to several uncalled and unscheduled maintenance for both rolling stock and infrastructure, owing to wear and tear of systems, breakdowns, damages, and repair needs.



By deployment mode, on-premises segment to account for the largest market size during the forecast period

By deployment mode, the on-premises segment is expected to record at the largest market size during the forecast period. The on-premises deployment mode refers to the installation of software and solutions in the premises of the organization. In this deployment mode, the organization is responsible for maintaining the solution and all its related processes. These solutions are delivered on a one-time license fee and an annual service agreement, which includes a free modification or upgrade and installation of new functionalities. The on-premises deployment of rail asset management solutions requires dedicated infrastructure and servers. It also requires dedicated IT staff for the maintenance and support of the high-end IT infrastructure. Organizations that can afford to manage dedicated servers usually deploy on-premises solutions. The on-premises deployment mode also offers offline data analytics and configuration and provides better control over systems and data.

By application, rolling stock segment to hold the largest market size during the forecast period

The rolling stock segment is expected to hold the largest market size. The railway is an asset-intensive industry, and rolling stock is one of the most important asset categories in the railway industry. Efficiently managing rolling stock can save a significant amount of resources for the rail operator. Rolling stocks usually have a long service life, hence keeping a vehicle in operation for such a long period of time can create various servicing challenges, such as securing parts, unplanned maintenance etc. Asset management solutions for rolling stocks can provide better control over asset performance, more efficient use of resources, and more effective risk management. Many rail operators are investing in rolling stock.

By region, Asia Pacific to grow at the highest CAGR during the forecast period

The Asia Pacific (APAC) market is projected to grow at the highest CAGR during the forecast period. The APAC region is witnessing high growth due to the increasing adoption of new technologies, the rising investments for digital transformation, and the growing GDP in APAC countries. A majority of potential economies in the region include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be rapidly investing in the rail technological transformation.

The breakup of the profiles of the primary participants is given below:

  • By Company: Tier 1 - 35%, Tier 2 - 39%, and Tier 3 - 26%
  • By Designation: C-Level Executives - 40%, Directors- 35%, Others*-25%
  • By Region: North America - 38%, Europe - 20%, APAC - 30%, and RoW** - 12%
Note: Tier 1 companies have revenues over USD 1 billion; tier 2 companies have revenues ranging from USD 500 million to USD 1 billion, and tier 3 companies have revenues ranging from USD 100 million to USD 500 million.*Others includes sales managers, marketing managers, and product managers. **Rest of World (RoW) includes MEA and Latin America.

The following key rail asset management vendors are profiled in the report:

  • Siemens (Germany)
  • Alstom (France)
  • Hitachi (Japan)
  • Wabtec (US)
  • IBM (US)
  • SAP (Germany)
  • Capgemini (France)
  • Cisco (US)
  • Huawei (China)
  • Accenture (Ireland)
  • Trimble (US)
  • Bentley Systems (US)
  • Atkins (UK)
  • DXC (US)
  • Trapeze Group (Canada)
  • Tego (US)
  • KONUX (Germany)
  • L&T Technology Services (India)
  • Cyient (India)
  • Assetic (Australia)
  • Machines With Vision (UK)
  • Uptake (US)
  • Delphisonic (US)
  • ZEDAS (Germany)
  • OXplus (Netherlands)
  • WSP (Canada)


Research Coverage

The rail asset management market is segmented into offering (solutions and services), deployment mode (cloud and on-premises), application (rolling stock and infrastructure), and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the rail asset management market.

Reasons to Buy the Report

The report would help the market leaders and new entrants in the following ways:
  • It comprehensively segments the rail asset management market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
  • It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
  • It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new product launch, product enhancement, partnerships, mergers, and acquisitions.

Table of Contents

1 Introduction
1.1 Introduction to COVID-19
1.2 COVID-19 Health Assessment
Figure 1 COVID-19: Global Propagation
Figure 2 COVID-19 Propagation: Select Countries
1.3 COVID-19 Economic Assessment
Figure 3 Revised Gross Domestic Product Forecasts for Select G20 Countries in 2020
1.3.1 COVID-19 Economic Impact - Scenario Assessment
Figure 4 Criteria Impacting Global Economy
Figure 5 Scenarios in Terms of Recovery of Global Economy
1.4 Objectives of the Study
1.5 Market Definition
1.5.1 Inclusions and Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Regions Covered
1.6.3 Years Considered for the Study
1.7 Currency Considered
Table 1 United States Dollar Exchange Rate, 2019-2021
1.8 Stakeholders
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 6 Rail Asset Management Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
Table 2 Primary Interviews
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
Figure 7 Data Triangulation
2.3 Market Size Estimation
Figure 8 Market Size Estimation Methodology - Approach 1 (Supply-Side): Revenue of Solutions and Services of the Market
Figure 9 Market Size Estimation Methodology - Approach 1 (Bottom-Up) (Supply-Side): Collective Revenue of Solutions and Services of the Market
Figure 10 Market Size Estimation Methodology - Approach 2 (Demand-Side): Rail Asset Management Market
2.4 Market Forecast
Table 3 Factor Analysis
2.5 Research Assumptions and Limitations
2.5.1 Study Assumptions
2.5.2 Limitations
3 Executive Summary
Figure 11 Rail Asset Management Market, 2019-2026 (USD Million)
Figure 12 Leading Segments in the Market in 2021
Figure 13 Market: Regional Snapshot
Figure 14 Asia-Pacific Expected to Emerge as the Best Market for Investments During the Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in the Rail Asset Management Market
Figure 15 Growing Need for Advanced Transportation Infrastructure Driving Rail Asset Management Market Growth
4.2 Europe: Market, by Offering and Top Three Countries
Figure 16 Solutions Segment and UK Estimated to Account for Significant Shares in the European Market in 2021
4.3 Asia-Pacific: Market, by Offering and Top Three Countries
Figure 17 Solutions Segment and China Estimated to Account for Significant Shares in the Asia-Pacific Market in 2021
4.4 Market: Major Countries
Figure 18 Japan Expected to Grow the Highest CAGR During the Forecast Period
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 19 Rail Asset Management Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Need for Efficient Rail Operations
5.2.1.2 Increase in Government Initiatives and Public-Private Partnership Model
5.2.1.3 High Demographic Growth and Hyper-Urbanization Leading to an Expansion in Transport Networks
Figure 20 Global Urbanization Trend, 1960-2020
5.2.1.4 Adoption of IoT and Other Automation Technologies to Enhance Optimization
5.2.1.5 Rise in Congestion due to Aging Railway Infrastructure
5.2.2 Restraints
5.2.2.1 High Initial Cost of Deployment
5.2.3 Opportunities
5.2.3.1 Growing Need for Advanced Transportation Infrastructure
5.2.3.2 Increasing Demand for Cloud-Based Services
5.2.3.3 Emerging Trend of Smart Cities
5.2.4 Challenges
5.2.4.1 Integration Complexities with Legacy Infrastructure
5.2.4.2 Disruption in Logistics and Supply Chain of IoT Devices
5.2.4.3 Data Security and Privacy Issues Related to IoT Devices
5.3 Industry Trends
5.3.1 Value Chain Analysis
Figure 21 Rail Asset Management Market: Value Chain Analysis
5.3.2 Ecosystem
Figure 22 Market: Ecosystem
Table 4 Market Ecosystem Analysis
Table 5 Railway Infrastructure Investment for Top 20 Countries, 2019
5.3.3 Patent Analysis
Table 6 Europe Patent Application, by Country, 2010-2019
Table 7 Europe Patent Application, by Technology Field, 2010-2019
Table 8 United States: Number of Patents Granted, by Country of Origin, 2010-2019
Figure 23 Top Ten Companies with the Highest Number of Patent Applications for Rail Asset Management
Figure 24 Number of Patents Granted in a Year Over the Last Ten Years for Rail Asset Management, 2012-2021
5.3.4 Average Selling Price Trend
Table 9 Pricing Analysis
5.3.5 Disruptions Impacting Buyers/Customers in the Rail Asset Management Market
Figure 25 Disruption Trends Impacting Buyers/Customers in the Market
5.3.6 Porter's Five Forces Model
Table 10 Impact of Each Force on the Market
5.3.6.1 Threat of New Entrants
5.3.6.2 Threat of Substitutes
5.3.6.3 Bargaining Power of Buyers
5.3.6.4 Bargaining Power of Suppliers
5.3.6.5 Competitive Rivalry
5.3.7 Rail Asset Management Market: Technological Landscape
5.3.7.1 Internet of Things
5.3.7.2 Big Data Analytics and Cloud Computing
5.3.7.3 Drones for Identifying Railway Infrastructure Issues
5.3.7.4 Hyperloop - Future of Transportation
5.3.7.5 Automatic Warning System
5.3.7.6 5G Network
5.3.8 Use Cases
5.3.8.1 Case Study 1: Siemens Provides Maintenance Services to Govia Thameslink Railway
5.3.8.2 Case Study 2: Uptake Through Uptake Compass to Automate a North American Freight Railway Company's Messy and Mislabeled Maintenance Work Order Data
5.3.8.3 Case Study 3: Siemens to Provide Maintenance Services for Rhine-Ruhr Express
5.3.8.4 Case Study 4: Assetic Helped Sydney Trains Visualize Rail Assets for Optimized Asset Management
5.3.8.5 Case Study 5: Siemens to Provide Maintenance Services for Russian Railways
5.3.8.6 Case Study 6: Atlanta Streetcar Pioneers a New Approach to Managing Its Light-Rail Vehicles in Partnership with Siemens Digital Rail Services
5.3.8.7 Case Study 7: Taiwan High Speed Rail Corporation Selected IBM Maximo to Build an Advanced Maintenance Management Solution
5.4 COVID-19 Market Outlook for Rail Asset Management Market
5.4.1 Overview
5.4.2 Drivers and Opportunities
Table 11 Market: Analysis of Drivers and Opportunities in the COVID-19 Era
5.4.3 Restraints and Challenges
Table 12 Rail Asset Management Solutions: Analysis of Challenges and Restraints in the COVID-19 Era
5.4.4 Cumulative Growth Analysis
Table 13 Market: Cumulative Growth Analysis
6 Rail Asset Management Market, by Offering
6.1 Introduction
Figure 26 Services Segment Expected to Achieve a Higher CAGR by 2026
Table 14 Market, by Offering, 2016-2020 (USD Million)
Table 15 Market, by Offering, 2021-2026 (USD Million)
6.2 Solutions
6.2.1 Solutions: Market Drivers
6.2.2 Solutions: COVID-19 Impact
Figure 27 Analytics Segment Expected to Grow at the Highest CAGR During the Forecast Period
Table 16 Offering: Rail Asset Management Market, by Solution, 2016-2020 (USD Million)
Table 17 Offering: Market, by Solution, 2021-2026 (USD Million)
Table 18 Solution: Market, by Region, 2016-2020 (USD Million)
Table 19 Solution: Market, by Region, 2021-2026 (USD Million)
6.2.3 Asset Performance Management
Figure 28 Predictive Maintenance Segment Expected to Grow at a Higher CAGR During the Forecast Period
Table 20 Solutions: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 21 Solutions: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 22 Asset Performance Management: Rail Asset Management Market, by Region, 2016-2020 (USD Million)
Table 23 Asset Performance Management: Market, by Region, 2021-2026 (USD Million)
6.2.3.1 Condition Monitoring
Table 24 Condition Monitoring: Market, by Region, 2016-2020 (USD Million)
Table 25 Condition Monitoring: Market by Region, 2021-2026 (USD Million)
6.2.3.2 Predictive Maintenance
Table 26 Predictive Maintenance: Market, by Region, 2016-2020 (USD Million)
Table 27 Predictive Maintenance: Market, by Region, 2021-2026 (USD Million)
6.2.4 Analytics
Table 28 Analytics: Market, by Region, 2016-2020 (USD Million)
Table 29 Analytics: Market, by Region, 2021-2026 (USD Million)
6.2.5 Asset Planning and Scheduling
Table 30 Asset Planning and Scheduling: Rail Asset Management Market, by Region, 2016-2020 (USD Million)
Table 31 Asset Planning and Scheduling: Market, by Region, 2021-2026 (USD Million)
6.2.6 Security
Table 32 Security: Market, by Region, 2016-2020 (USD Million)
Table 33 Security: Market, by Region, 2021-2026 (USD Million)
6.2.7 Workforce Management
Table 34 Workforce Management: Market, by Region, 2016-2020 (USD Million)
Table 35 Workforce Management: Market, by Region, 2021-2026 (USD Million)
6.2.8 Network Management
Table 36 Network Management: Market, by Region, 2016-2020 (USD Million)
Table 37 Network Management: Market, by Region, 2021-2026 (USD Million)
6.2.9 Other Solutions
Table 38 Other Solutions: Market, by Region, 2016-2020 (USD Million)
Table 39 Other Solutions: Market, by Region, 2021-2026 (USD Million)
6.3 Services
6.3.1 Services: Market Drivers
6.3.2 Services: COVID-19 Impact
Figure 29 Managed Services Segment Expected to Grow at a Higher CAGR During the Forecast Period
Table 40 Offering: Rail Asset Management Market, by Service, 2016-2020 (USD Million)
Table 41 Offering: Market, by Service, 2021-2026 (USD Million)
Table 42 Services: Market, by Region, 2016-2020 (USD Million)
Table 43 Services: Market, by Region, 2021-2026 (USD Million)
6.3.3 Professional Services
Figure 30 Support and Maintenance Segment Expected to Grow at the Highest CAGR During the Forecast Period
Table 44 Services: Market, by Professional Service, 2016-2020 (USD Million)
Table 45 Services: Market, by Professional Service, 2021-2026 (USD Million)
Table 46 Professional Services: Rail Asset Management Market, by Region, 2016-2020 (USD Million)
Table 47 Professional Services: Market, by Region, 2021-2026 (USD Million)
6.3.3.1 Consulting and Training
Table 48 Consulting and Training: Market, by Region, 2016-2020 (USD Million)
Table 49 Consulting and Training: Market, by Region, 2021-2026 (USD Million)
6.3.3.2 System Integration and Deployment
Table 50 System Integration and Deployment: Market, by Region, 2016-2020 (USD Million)
Table 51 System Integration and Deployment: Market, by Region, 2021-2026 (USD Million)
6.3.3.3 Support and Maintenance
Table 52 Support and Maintenance: Rail Asset Management Market, by Region, 2016-2020 (USD Million)
Table 53 Support and Maintenance: Market, by Region, 2021-2026 (USD Million)
6.3.4 Managed Services
Table 54 Managed Services: Market, by Region, 2016-2020 (USD Million)
Table 55 Managed Services: Market, by Region, 2021-2026 (USD Million)
7 Rail Asset Management Market, by Deployment Mode
7.1 Introduction
Figure 31 Cloud Deployment Mode Expected to Grow at a Higher CAGR During the Forecast Period
Table 56 Market, by Deployment Mode, 2016-2020 (USD Million)
Table 57 Market, by Deployment Mode, 2021-2026 (USD Million)
7.2 On-Premises
7.2.1 On-Premises: Market Drivers
7.2.2 On-Premises: COVID-19 Impact
Table 58 On-Premises: Market, by Region, 2016-2020 (USD Million)
Table 59 On-Premises: Market, by Region, 2021-2026 (USD Million)
7.3 Cloud
7.3.1 Cloud: Market Drivers
7.3.2 Cloud: COVID-19 Impact
Table 60 Cloud: Market, by Region, 2016-2020 (USD Million)
Table 61 Cloud: Market, by Region, 2021-2026 (USD Million)
8 Rail Asset Management Market, by Application
8.1 Introduction
Figure 32 Infrastructure Segment Expected to Grow at a Higher CAGR During the Forecast Period
Table 62 Market, by Application, 2016-2020 (USD Million)
Table 63 Market, by Application, 2021-2026 (USD Million)
8.2 Rolling Stock
8.2.1 Rolling Stock: Market Drivers
8.2.2 Rolling Stock: COVID-19 Impact
Table 64 Rolling Stock: Market, by Region, 2016-2020 (USD Million)
Table 65 Rolling Stock: Market, by Region, 2021-2026 (USD Million)
8.3 Infrastructure
8.3.1 Infrastructure: Market Drivers
8.3.2 Infrastructure: COVID-19 Impact
Table 66 Infrastructure: Market, by Region, 2016-2020 (USD Million)
Table 67 Infrastructure: Market, by Region, 2021-2026 (USD Million)
9 Rail Asset Management Market, by Region
9.1 Introduction
Figure 33 Europe Estimated to Lead the Market in 2021
Figure 34 Asia-Pacific Expected to be the Fastest-Growing Region in the Market During the Forecast Period
Table 68 Market, by Region, 2016-2020 (USD Million)
Table 69 Market Size, by Region, 2021-2026 (USD Million)
9.2 North America
9.2.1 North America: Market Drivers
9.2.2 North America: COVID-19 Impact
9.2.3 North America: Regulatory Implications
Table 70 North America: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 71 North America: Market, by Offering, 2021-2026 (USD Million)
Table 72 North America: Market, by Solution, 2016-2020 (USD Million)
Table 73 North America: Market, by Solution, 2021-2026 (USD Million)
Table 74 North America: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 75 North America: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 76 North America: Market, by Service, 2016-2020 (USD Million)
Table 77 North America: Market, by Service, 2021-2026 (USD Million)
Table 78 North America: Market, by Professional Service, 2016-2020 (USD Million)
Table 79 North America: Market, by Professional Service, 2021-2026 (USD Million)
Table 80 North America: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 81 North America: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 82 North America: Market, by Application, 2016-2020 (USD Million)
Table 83 North America: Market, by Application, 2021-2026 (USD Million)
Table 84 North America: Market, by Country, 2016-2020 (USD Million)
Table 85 North America: Market, by Country, 2021-2026 (USD Million)
9.2.4 United States
9.2.4.1 Increasing Need for Modern Rail Infrastructure
Table 86 United States: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 87 United States: Market, by Offering, 2021-2026 (USD Million)
Table 88 United States: Market, by Solution, 2016-2020 (USD Million)
Table 89 United States: Market, by Solution, 2021-2026 (USD Million)
Table 90 United States: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 91 United States: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 92 United States: Market, by Service, 2016-2020 (USD Million)
Table 93 United States: Market, by Service, 2021-2026 (USD Million)
Table 94 United States: Market, by Professional Service, 2016-2020 (USD Million)
Table 95 United States: Market, by Professional Service, 2021-2026 (USD Million)
Table 96 United States: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 97 United States: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 98 United States: Railmarket, by Application, 2016-2020 (USD Million)
Table 99 United States: Market, by Application, 2021-2026 (USD Million)
9.2.5 Canada
9.2.5.1 Government Initiatives and Policies Driving the Market
Table 100 Canada: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 101 Canada: Market, by Offering, 2021-2026 (USD Million)
Table 102 Canada: Market, by Solution, 2016-2020 (USD Million)
Table 103 Canada: Market, by Solution, 2021-2026 (USD Million)
Table 104 Canada: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 105 Canada: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 106 Canada: Market, by Service, 2016-2020 (USD Million)
Table 107 Canada: Market, by Service, 2021-2026 (USD Million)
Table 108 Canada: Market, by Professional Service, 2016-2020 (USD Million)
Table 109 Canada: Market, by Professional Service, 2021-2026 (USD Million)
Table 110 Canada: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 111 Canada: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 112 Canada: Market, by Application, 2016-2020 (USD Million)
Table 113 Canada: Market, by Application, 2021-2026 (USD Million)
9.3 Europe
9.3.1 Europe: Market Drivers
9.3.2 Europe: COVID-19 Impact
9.3.3 Europe: Regulatory Implications
Figure 35 Europe: Market Snapshot
Table 114 Europe: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 115 Europe: Market, by Offering, 2021-2026 (USD Million)
Table 116 Europe: Market, by Solution, 2016-2020 (USD Million)
Table 117 Europe: Market, by Solution, 2021-2026 (USD Million)
Table 118 Europe: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 119 Europe: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 120 Europe: Market, by Service, 2016-2020 (USD Million)
Table 121 Europe: Market, by Service, 2021-2026 (USD Million)
Table 122 Europe: Market, by Professional Service, 2016-2020 (USD Million)
Table 123 Europe: Market, by Professional Service, 2021-2026 (USD Million)
Table 124 Europe: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 125 Europe: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 126 Europe: Market by Application, 2016-2020 (USD Million)
Table 127 Europe: Market, by Application, 2021-2026 (USD Million)
Table 128 Europe: Market, by Country, 2016-2020 (USD Million)
Table 129 Europe: Market, by Country, 2021-2026 (USD Million)
9.3.4 United Kingdom
9.3.4.1 Government Investments for the Development of Rail Infrastructure
Table 130 United Kingdom: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 131 United Kingdom: Market, by Offering, 2021-2026 (USD Million)
Table 132 United Kingdom: Market, by Solution, 2016-2020 (USD Million)
Table 133 United Kingdom: Market, by Solution, 2021-2026 (USD Million)
Table 134 United Kingdom: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 135 United Kingdom: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 136 United Kingdom: Market, by Service, 2016-2020 (USD Million)
Table 137 United Kingdom: Market, by Service, 2021-2026 (USD Million)
Table 138 United Kingdom: Market, by Professional Service, 2016-2020 (USD Million)
Table 139 United Kingdom: Market, by Professional Service, 2021-2026 (USD Million)
Table 140 United Kingdom: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 141 United Kingdom: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 142 United Kingdom: Market, by Application, 2016-2020 (USD Million)
Table 143 United Kingdom: Rail Asset Management Market, by Application, 2021-2026 (USD Million)
9.3.5 Germany
9.3.5.1 Rising Need for Efficient Rail Operations
9.3.6 France
9.3.6.1 Advancements in Robotics and IoT and the Increased Labor Costs
9.3.7 Rest of Europe
9.4 Asia-Pacific
9.4.1 Asia-Pacific: Market Drivers
9.4.2 Asia-Pacific: COVID-19 Impact
9.4.3 Asia-Pacific: Regulatory Implications
Figure 36 Asia-Pacific: Market Snapshot
Table 144 Asia-Pacific: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 145 Asia-Pacific: Market, by Offering, 2021-2026 (USD Million)
Table 146 Asia-Pacific: Market, by Solution, 2016-2020 (USD Million)
Table 147 Asia-Pacific: Market, by Solution, 2021-2026 (USD Million)
Table 148 Asia-Pacific: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 149 Asia-Pacific: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 150 Asia-Pacific: Market, by Service, 2016-2020 (USD Million)
Table 151 Asia-Pacific: Market, by Service, 2021-2026 (USD Million)
Table 152 Asia-Pacific: Market, by Professional Service, 2016-2020 (USD Million)
Table 153 Asia-Pacific: Market, by Professional Service, 2021-2026 (USD Million)
Table 154 Asia-Pacific: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 155 Asia-Pacific: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 156 Asia-Pacific: Market, by Application, 2016-2020 (USD Million)
Table 157 Asia-Pacific: Market, by Application, 2021-2026 (USD Million)
Table 158 Asia-Pacific: Market, by Country, 2016-2020 (USD Million)
Table 159 Asia-Pacific: Market, by Country, 2021-2026 (USD Million)
9.4.4 China
9.4.4.1 Government Investments in Rail Infrastructure and Global Trade
Table 160 China: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 161 China: Market, by Offering, 2021-2026 (USD Million)
Table 162 China: Market, by Solution, 2016-2020 (USD Million)
Table 163 China: Market, by Solution, 2021-2026 (USD Million)
Table 164 China: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 165 China: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 166 China: Market, by Service, 2016-2020 (USD Million)
Table 167 China: Market, by Service, 2021-2026 (USD Million)
Table 168 China: Market, by Professional Service, 2016-2020 (USD Million)
Table 169 China: Market, by Professional Service, 2021-2026 (USD Million)
Table 170 China: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 171 China: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 172 China: Market, by Application, 2016-2020 (USD Million)
Table 173 China: Rail Asset Management Market, by Application, 2021-2026 (USD Million)
9.4.5 Japan
9.4.5.1 Increased Adoption of New Technologies for Rail Infrastructure
9.4.6 India
9.4.6.1 Government Investments in the Development of the Rail Infrastructure
9.4.7 Australia & New Zealand
9.4.7.1 Government Initiatives and Policies Driving the Market in Anz
9.4.8 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Market Drivers
9.5.2 Middle East & Africa: COVID-19 Impact
9.5.3 Middle East & Africa: Regulatory Implications
Table 174 Middle East & Africa: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 175 Middle East & Africa: Market, by Offering, 2021-2026 (USD Million)
Table 176 Middle East & Africa: Market, by Solution, 2016-2020 (USD Million)
Table 177 Middle East & Africa: Market, by Solution, 2021-2026 (USD Million)
Table 178 Middle East & Africa: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 179 Middle East & Africa: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 180 Middle East & Africa: Market, by Service, 2016-2020 (USD Million)
Table 181 Middle East & Africa: Market, by Service, 2021-2026 (USD Million)
Table 182 Middle East & Africa: Market, by Professional Service, 2016-2020 (USD Million)
Table 183 Middle East & Africa: Market, by Professional Service, 2021-2026 (USD Million)
Table 184 Middle East & Africa: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 185 Middle East & Africa: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 186 Middle East & Africa: Market, by Application, 2016-2020 (USD Million)
Table 187 Middle East & Africa: Market, by Application, 2021-2026 (USD Million)
Table 188 Middle East & Africa: Market, by Country, 2016-2020 (USD Million)
Table 189 Middle East & Africa: Market, by Country, 2021-2026 (USD Million)
9.5.4 Nigeria
9.5.4.1 Public-Private Partnerships in the Development of the Rail Infrastructure
Table 190 Nigeria: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 191 Nigeria: Market, by Offering, 2021-2026 (USD Million)
Table 192 Nigeria: Market, by Solution, 2016-2020 (USD Million)
Table 193 Nigeria: Market, by Solution, 2021-2026 (USD Million)
Table 194 Nigeria: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 195 Nigeria: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 196 Nigeria: Market, by Service, 2016-2020 (USD Million)
Table 197 Nigeria: Market, by Service, 2021-2026 (USD Million)
Table 198 Nigeria: Market, by Professional Service, 2016-2020 (USD Million)
Table 199 Nigeria: Market, by Professional Service, 2021-2026 (USD Million)
Table 200 Nigeria: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 201 Nigeria: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 202 Nigeria: Market, by Application, 2016-2020 (USD Million)
Table 203 Nigeria: Rail Asset Management Market, by Application, 2021-2026 (USD Million)
9.5.5 South Africa
9.5.5.1 Increasing Need for Transportation Services
9.5.6 Rest of Middle East & Africa
9.6 Latin America
9.6.1 Latin America: Market Drivers
9.6.2 Latin America: COVID-19 Impact
9.6.3 Latin America: Regulatory Implications
Table 204 Latin America: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 205 Latin America: Market, by Offering, 2021-2026 (USD Million)
Table 206 Latin America: Market, by Solution, 2016-2020 (USD Million)
Table 207 Latin America: Market, by Solution, 2021-2026 (USD Million)
Table 208 Latin America: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 209 Latin America: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 210 Latin America: Market, by Service, 2016-2020 (USD Million)
Table 211 Latin America: Market, by Service, 2021-2026 (USD Million)
Table 212 Latin America: Market, by Professional Service, 2016-2020 (USD Million)
Table 213 Latin America: Market, by Professional Service, 2021-2026 (USD Million)
Table 214 Latin America: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 215 Latin America: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 216 Latin America: Market, by Application, 2016-2020 (USD Million)
Table 217 Latin America: Market, by Application, 2021-2026 (USD Million)
Table 218 Latin America: Market, by Country, 2016-2020 (USD Million)
Table 219 Latin America: Market, by Country, 2021-2026 (USD Million)
9.6.4 Brazil
9.6.4.1 Increased Need for the Development of Rail Infrastructure
Table 220 Brazil: Rail Asset Management Market, by Offering, 2016-2020 (USD Million)
Table 221 Brazil: Market, by Offering, 2021-2026 (USD Million)
Table 222 Brazil: Market, by Solution, 2016-2020 (USD Million)
Table 223 Brazil: Market, by Solution, 2021-2026 (USD Million)
Table 224 Brazil: Market, by Asset Performance Management Type, 2016-2020 (USD Million)
Table 225 Brazil: Market, by Asset Performance Management Type, 2021-2026 (USD Million)
Table 226 Brazil: Market, by Service, 2016-2020 (USD Million)
Table 227 Brazil: Market, by Service, 2021-2026 (USD Million)
Table 228 Brazil: Market, by Professional Service, 2016-2020 (USD Million)
Table 229 Brazil: Market, by Professional Service, 2021-2026 (USD Million)
Table 230 Brazil: Market, by Deployment Mode, 2016-2020 (USD Million)
Table 231 Brazil: Market, by Deployment Mode, 2021-2026 (USD Million)
Table 232 Brazil: Market, by Application, 2016-2020 (USD Million)
Table 233 Brazil: Rail Asset Management Market, by Application, 2021-2026 (USD Million)
9.6.5 Mexico
9.6.5.1 Increased Need for Modern and Advanced Infrastructure
9.6.6 Rest of Latin America
10 Competitive Landscape
10.1 Overview
10.2 Market Evaluation Framework
Figure 37 Market Evaluation Framework, 2019-2022
10.3 Key Market Developments
10.3.1 Product Launches
Table 234 Rail Asset Management Market: Product Launches, June 2019- October 2020
10.3.2 Deals
Table 235 Market: Deals, February 2020- January 2022
10.3.3 Others
Table 236 Market: Others, September 2019- December 2019
10.4 Market Share Analysis of Top Players
Table 237 Market: Degree of Competition
Figure 38 Market Share Analysis of Companies in the Market
10.5 Historical Revenue Analysis
Figure 39 Historical Revenue Analysis, 2016-2020
10.6 Company Evaluation Matrix Overview
10.7 Company Evaluation Matrix Methodology and Definitions
Table 238 Product Footprint Weightage
10.7.1 Stars
10.7.2 Emerging Leaders
10.7.3 Pervasive Players
10.7.4 Participants
Figure 40 Rail Asset Management Market, Company Evaluation Matrix, 2021
10.8 Company Product Footprint Analysis
Table 239 Company Product Footprint
Table 240 Company Offering Footprint
Table 241 Company Application Footprint
Table 242 Company Region Footprint
10.9 Company Market Ranking Analysis
Figure 41 Ranking of Key Players in the Market, 2021
10.10 Startup/Sme Evaluation Matrix Methodology and Definitions
Table 243 Startup/Sme Evaluation Matrix: Criteria Weightage
10.10.1 Progressive Companies
10.10.2 Responsive Companies
10.10.3 Dynamic Companies
10.10.4 Starting Blocks
Figure 42 Rail Asset Management Market (Global): Startup/Sme Evaluation Matrix, 2021
11 Company Profiles
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, Response to COVID-19, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats)*
11.1.1 Siemens
Table 244 Siemens: Business Overview
Figure 43 Siemens: Financial Overview
Table 245 Siemens: Products Offered
Table 246 Siemens: Deals
11.1.2 Hitachi
Table 247 Hitachi: Business Overview
Figure 44 Hitachi: Financial Overview
Table 248 Hitachi: Products Offered
Table 249 Hitachi: Deals
11.1.3 Alstom
Table 250 Alstom: Business Overview
Figure 45 Alstom: Financial Overview
Table 251 Alstom: Products Offered
Table 252 Alstom: Deals
11.1.4 Ibm
Table 253 Ibm: Business Overview
Figure 46 Ibm: Financial Overview
Table 254 Ibm: Products Offered
Table 255 Ibm: Product Launches
Table 256 Ibm: Deals
11.1.5 Wabtec
Table 257 Wabtec: Business Overview
Figure 47 Wabtec: Financial Overview
Table 258 Wabtec: Products Offered
Table 259 Wabtec: Deals
Table 260 Wabtec: Others
11.1.6 Sap
Table 261 Sap: Business Overview
Figure 48 Sap: Financial Overview
Table 262 Sap: Products Offered
11.1.7 Capgemini
Table 263 Capgemini: Business Overview
Figure 49 Capgemini: Financial Overview
Table 264 Capgemini: Products Offered
Table 265 Capgemini: Deals
11.1.8 Cisco
Table 266 Cisco: Business Overview
Figure 50 Cisco: Financial Overview
Table 267 Cisco: Products Offered
Table 268 Cisco: Deals
11.1.9 Huawei
Table 269 Huawei: Business Overview
Figure 51 Huawei: Financial Overview
Table 270 Huawei: Products Offered
Table 271 Huawei: Product Launches
11.1.10 Accenture
Table 272 Accenture: Business Overview
Figure 52 Accenture: Financial Overview
Table 273 Accenture: Products Offered
11.1.11 Trimble
11.1.12 Bentley Systems
11.1.13 Atkins
11.1.14 Dxc Technology
11.1.15 Trapeze Group
11.1.16 L&T Technology Services
11.1.17 Cyient
11.1.18 Wsp
11.2 Startup/Smes Players
11.2.1 Tego
11.2.2 Konux
11.2.3 Assetic
11.2.4 Machines with Vision
11.2.5 Uptake
11.2.6 Delphisonic
11.2.7 Zedas
11.2.8 Oxplus
*Details on Business Overview, Products Offered, Recent Developments, Response to COVID-19, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.
12 Adjacent/Related Market
12.1 Introduction
12.1.1 Limitations
12.2 Smart Railways Market - Global Forecast to 2026
12.2.1 Market Definition
12.2.2 Market Overview
12.2.3 Smart Railways Market, by Offering
Table 274 Smart Railways Market, by Offering, 2017-2020 (USD Million)
Table 275 Smart Railways Market, by Offering, 2021-2026 (USD Million)
12.2.4 Smart Railways Market, by Solution
Table 276 Solutions: Smart Railways Market, by Type, 2017-2020 (USD Million)
Table 277 Solutions: Smart Railways Market, by Type, 2021-2026 (USD Million)
12.2.5 Smart Railways Market, by Service
Table 278 Services: Smart Railways Market, by Type, 2017-2020 (USD Million)
Table 279 Services: Smart Railways Market, by Type, 2021-2026 (USD Million)
12.2.6 Smart Railways Market, by Professional Service
Table 280 Professional Services: Smart Railways Market, by Type, 2017-2020 (USD Million)
Table 281 Professional Services: Smart Railways Market, by Type, 2021-2026 (USD Million)
12.2.7 Smart Railways Market, by Region
Table 282 Smart Railways Market, by Region, 2017-2020 (USD Million)
Table 283 Smart Railways Market, by Region, 2021-2026 (USD Million)
12.3 Railway Management System Market - Global Forecast to 2025
12.3.1 Market Definition
12.3.2 Market Overview
12.3.3 Railway Management System Market, by Offering
Table 284 Railway Management System Market, by Offering, 2016-2019 (USD Million)
Table 285 Railway Management System Market, by Offering, 2019-2025 (USD Million)
12.3.4 Railway Management System Market, by Solution
Table 286 Railway Management System Market, by Solution, 2016-2019 (USD Million)
Table 287 Railway Management System Market, by Solution, 2019-2025 (USD Million)
12.3.5 Railway Management System Market, by Region
Table 288 Railway Management System Market, by Region, 2016-2019 (USD Million)
Table 289 Railway Management System Market, by Region, 2019-2025 (USD Million)
12.4 Railway Platform Security Market - Global Forecast to 2024
12.4.1 Market Definition
12.4.2 Market Overview
12.4.3 Railway Platform Security Market, by Component
Table 290 Railway Platform Security Market, by Component, 2017-2024 (USD Million)
12.4.4 Railway Platform Security Market, by Solution
Table 291 Solutions: Railway Platform Security Market, by Type, 2017-2024 (USD Million)
12.4.5 Railway Platform Security Market, by Service
Table 292 Services: Railway Platform Security Market, by Type, 2017-2024 (USD Million)
12.4.6 Railway Platform Security Market, by Professional Service
Table 293 Professional Services Market, by Type, 2017-2024 (USD Million)
12.4.7 Railway Platform Security Market, by Application
Table 294 Railway Platform Security Market, by Application, 2017-2024 (USD Million)
12.4.8 Railway Platform Security Market, by Region
Table 295 Railway Platform Security Market, by Region, 2017-2024 (USD Million)
12.5 Digital Railway Market - Global Forecast to 2024
12.5.1 Market Definition
12.5.2 Market Overview
12.5.3 Digital Railway Market, by Solution
Table 296 Digital Railway Market, by Solution, 2017-2024 (USD Billion)
12.5.4 Digital Railway Market, by Service
Table 297 Digital Railway Market, by Service, 2017-2024 (USD Billion)
12.5.5 Digital Railway Market, by Professional Service
Table 298 Professional Services: Digital Railway Market, by Type, 2017-2024 (USD Billion)
12.5.6 Digital Railway Market, by Application
Table 299 Digital Railway Market, by Application, 2017-2024 (USD Billion)
12.5.7 Digital Railway Market, by Region
Table 300 Digital Railway Market, by Region, 2017-2024 (USD Billion)
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store
13.3 Available Customizations

Companies Mentioned

  • Siemens
  • Hitachi
  • Alstom
  • Ibm
  • Wabtec
  • Sap
  • Capgemini
  • Cisco
  • Huawei
  • Accenture
  • Trimble
  • Bentley Systems
  • Atkins
  • Dxc Technology
  • Trapeze Group
  • L&T Technology Services
  • Cyient
  • Wsp
  • Tego
  • Konux
  • Assetic
  • Machines with Vision
  • Uptake
  • Delphisonic
  • Zedas
  • Oxplus

Methodology

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Table Information

Report AttributeDetails
No. of Pages273
PublishedJanuary 2022
Forecast Period2021 - 2026
Estimated Market Value ( USD ) in 2021 $ 10.1 Billion
Forecasted Market Value ( USD ) by 2026 $ 13.2 Billion
Compound Annual Growth Rate5.6%
Regions CoveredGlobal
No. of Companies Mentioned26

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