Rail Asset Management Market

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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 2025

FREE BROCHURE FREE SAMPLE REPORT
Report Code: TC 7440 Nov, 2020, by marketsandmarkets.com

[249 Pages Report] The global rail asset management market size is expected to grow from USD 9.4 billion in 2020 to USD 12.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period. Rail asset management solutions assist freight managers, passengers, rail operators, and infrastructure managers in addressing issues, such as improvement in service availability; performance and utilization for mobile, fixed, and linear assets; increased reliability and punctuality, along with reduced service failures and delay minutes; and minimized asset costs. The solutions further help reduce operational costs of infrastructure assets, such as signals, electrification systems, rail tracks, and rolling stocks. It also helps ensure top-notch performance, which elevates the reliability of rail services.

IoT in Smart Cities Market

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Analysis of COVID-19 Impact on Rail Asset Management Market

The outbreak of the pandemic has slowed down the growth of the rail asset management solutions due to strict mobility restrictions imposed by local and national governments. However, the adoption of innovative rail asset management solutions, which can be effectively coupled with IoT, big data, analytics, cloud, security, and network connectivity, are witnessing massive demand from various rail operators. The adoption of IoT and cloud for emergency services and healthcare services is expected to raise the adoption of rail asset management solutions during the pandemic as regulatory authorities of various countries are majorly focused on offering quicker medical care and emergency support services.

Market Dynamics

Driver: Rise in congestion due to aging railway infrastructure

Aging railway systems limit the efficiency of resources and compromise the reliability in established rail markets. New markets adopt newer, more flexible technology infrastructures, leaping over the current practices. Several current IT systems are old and complex, making data sharing difficult. They are also unable to cope with the scale of growth predicted over the next few years. Frequent network failures and system outages can have a domino effect, significantly affecting customer satisfaction.

The increasing demand for rail services is straining the existing systems and requiring optimization of the existing passenger and freight schedules to achieve increased throughput on the current rail infrastructure. Rail freight companies are experiencing growth in trade, especially in the areas of energy and commodities. Harbors are experiencing serious bottlenecks, resulting in issues for connected railroads. Rail companies are increasing asset utilization and making significant investments in infrastructure to meet capacity challenges. They are also investing heavily in proper asset management solutions and technologies.

Restraint: High initial cost of deployment

The initial cost involved in the installation of rail asset management solutions is high. Expenses involved in financing a rail asset management project may be a major factor that can restrain the market growth. Huge Capital Expenditure (CAPEX), coupled with mounting upfront installation costs, is certainly a hurdle to the adoption of rail asset management technologies across regions. The limited existing budgets for railways are a restraining factor in the deployment of advanced railway technologies and solutions by governments and private companies.

The rail asset management technology requires a huge initial investment to set up field-level devices, replace aging infrastructure, arrange transmission networks between end users, and manage the integration of new and existing systems within the railway premises. High operational and maintenance costs are also a huge concern for railway authorities.

Opportunity: Growing need for advanced transportation infrastructure

The impact of globalization has a direct effect on the traffic of all types of railway transportation. Above all, there is a demand for increased speed, security, and reliability. Hence, the future railway transportation ecosystem must deliver solutions to satisfy the demand, from source to destination, with a high level of service, regardless of the distance traveled or the number of steps required to reach the destination. The demand from people is changing daily, and therefore, there is a need for more convenient travel solutions. Intelligent solutions, such as asset management and advanced control systems, provide information related to real-time conditions, which may be used to monitor schedule adherence and identify the condition of engines, wagons, and railway infrastructure. Proactive scheduling helps in reducing downtime and increasing efficiency. Globally, all public and private sector participants have recognized the need for better transportation infrastructure. Organizations see the potential of smarter railway transportation to address this need. Regions such as Europe, North America, and APAC are increasing their focus on building smarter rail infrastructure. All these factors will eventually boost the demand for advanced transportation infrastructure.

Challenge: Integration complexities with legacy infrastructure

Railway technology systems are an integration of different technology elements, such as hardware, software, and network, which can sometimes be complex to configure. The integration of different hardware devices, along with the rail asset management software, over the legacy system infrastructure may become complex. Without a strong preexisting IT ecosystem and skilled personnel, the implementation of the digital infrastructure is difficult. Railway operators can do a complete overhaul of the IT system; however, costs incurred in such an overhaul would take a significant amount of time to realize.

Legacy systems are often unable to integrate with new generation smart devices due to protocol issues. These systems are not capable enough to communicate efficiently with technologically advanced systems. As most of the developing countries are still relying on their legacy infrastructure, these integration complexities are expected to hinder the market growth in developing regions in the coming years. IT and network security restrictions to reduce privacy intrusion and data breaches are projected to be some of the major challenges to the growth of the rail asset management market.

Among the deployment mode, the cloud segment to grow at the highest CAGR during the forecast period

Under the deployment mode segment, the cloud is expected to grow at a higher growth rate during the forecast period due to its scalability and flexibility. Cloud solutions enable railway companies to avoid costs related to hardware, software, storage, and technical staff. Cloud-based platforms offer a unified way in the form of SaaS-based security services to secure business applications. These platforms are beneficial for organizations that have budget constraints for investment purposes. The cloud deployment mode is growing in the railway industry, as cloud-based asset management solutions are easy to maintain and upgrade. Moreover, the market for cloud deployment mode is expected to grow at a higher CAGR as cloud-based rail asset management solutions can process sensitive data of an enterprise in a cost-effective manner.

Among the solutions, Asset Performance Management (APM) segment is expected to dominate the market during the forecast period

Under the solutions segment, the asset performance management solution is expected to hold a larger market size during the forecast period. APM is a software solution that helps optimize railway industry processes, minimizes costs, and maximizes productivity by reducing the downtime of assets and operating them to attain their peak performance. APM integrates data from financial databases and operational control systems to gain more insights about the rail assets. This solution provides accurate information to all stakeholders at the right time, which helps them make timely decisions to improve the efficiency of plant operations. With in-built software dashboards and advanced analytics, one can continuously monitor performance, schedule maintenance and operations, conduct “what-if” scenarios, assign resources to various activities, take actions directly, or raise alarms in case of asset failures or accidents, and analyze historical data. APM offers various benefits, such as improved capacity and utilization, operational visibility and analysis, proactive solutions for asset failure situations, safety assurance, management of all assets from a single platform, the extension of assets’ life, as well as improved returns on assets.

Rail Asset Management Marketby Region

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Europe to account for the largest market size during the forecast period

Countries from Western Europe, such as the UK, France, and Germany, have well-established railway infrastructure, and various railway operators in this region use some advanced rail asset management solutions. European countries have been investing majorly in the modernization and upgradation of their existing rail infrastructure. Social and trade agreements among the EU countries have promoted large-scale, cross-border trade, and passenger traffic in Europe. The high growth of the adoption of rail asset management solutions is expected in the region, especially in communication technology, as the European Telecommunications Standards Institute (ETSI) has formed a separate committee to focus on the Machine-to-Machine (M2M) communication privacy standardization and high trading standard.

Market Players

The report includes the study of key players offering rail asset management solutions and services. It profiles major vendors in the global rail asset Management market. The major vendors include Siemens (Germany), Hitachi (Japan), Alstom (France),  IBM (US), Wabtec(US), SAP (Germany), Capgemini (France), Cisco (US), Huawei (China), Accenture (Ireland),  Trimble (US), Bentley Systems (US), Atkins (UK), DXC Technology (US), Trapeze Group (Canada), WSP (Canada), Tego (US), KONUX (Germany), L&T Technology Services (India), Cyient (India), Assetic (Australia), Machines With Vision (UK), Uptake (US), Delphisonic (US), ZEDAS (Germany), and OXplus (Netherlands). These players have adopted various strategies to grow in the global rail asset management market.

The study includes an in-depth competitive analysis of these key players in the rail asset management market with their company profiles, recent developments, and key market strategies.

Scope of Report

Report Metric

Details

Market size available for years

2016 – 2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD Million)

Segments covered

Offering (Solutions and Services), Deployment mode (Cloud and On-Premises), Application (Rolling stock and Infrastructure), and Region

Regions covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

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

This research report categorizes the rail asset management market to forecast revenue and analyze trends in each of the following submarkets:

Based on offering

  • Solutions
    • Asset Performance Management (APM)
      • Condition Monitoring
      • Predictive Maintenance
    • Analytics
    • Asset Planning and Scheduling
    • Security
    • Workforce Management
    • Network Management
    • Others(includes incident management, warranty management, and material management)
  • Services
    • Professional Services
      • Consulting and Training
      • System Integration and Deployment
      • Support and Maintenance
    • Managed Services

Based on the application:

  • Rolling Stock
  • Infrastructure

Based on the deployment mode:

  • Cloud
  • On-premises

Based on region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • Nigeria
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In September 2020, Wabtec and New Mexico Rail Runner Express (NMRX) signed an agreement to upgrade the wireless network of NMRX’s commuter fleet.
  • In August 2020, Hitachi Rail announced to acquire a UK-based technology company Perpetuum, pioneering digital technology to optimize railway operations, offering improved efficiency, safety, and quality of services.
  • In February 2020, Alstom acquired Bombardier Transportation. The acquisition would expand Alstom’s rolling stock portfolio and add significant assets to its services business, including access to a large network of maintenance facilities and a large number of trains in service.
  • In December 2019, Alstom entered into a contract with the Public Transport Authority of Western Australia (PTA) to manufacture and maintain the next-generation of C-series trains for Perth’s growing rail network.
  • In December 2019, Wabtec opened the Wabtec India Engineering and Technology Center (WITEC) in Bengaluru (India). This center is designed to support the growth and innovation in the company’s digital electronics portfolio and advanced train automation solutions.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    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 FACTORS 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, 2017–2019
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    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 IN THE MARKET
        FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1- BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF SOLUTIONS AND SERVICES IN 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 OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 46)
  FIGURE 11 RAIL ASSET MANAGEMENT MARKET, 2018–2025 (USD MILLION)
  FIGURE 12 LEADING SEGMENTS IN THE MARKET IN 2020
  FIGURE 13 MARKET: REGIONAL SNAPSHOT
  FIGURE 14 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS DURING THE FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE RAIL ASSET MANAGEMENT MARKET
        FIGURE 15 GROWING NEED FOR ADVANCED TRANSPORTATION INFRASTRUCTURE TO DRIVE THE MARKET GROWTH DURING THE FORECAST PERIOD
    4.2 EUROPE MARKET, BY OFFERING AND COUNTRY
        FIGURE 16 SOLUTIONS SEGMENT AND THE UNITED KINGDOM TO ACCOUNT FOR HIGH SHARES IN THE EUROPEAN MARKET IN 2020
    4.3 ASIA PACIFIC MARKET, BY OFFERING AND TOP THREE COUNTRIES
        FIGURE 17 SOLUTIONS SEGMENT AND CHINA TO ACCOUNT FOR HIGH SHARES IN THE ASIA PACIFIC MARKET IN 2020
    4.4 MARKET: MAJOR COUNTRIES
        FIGURE 18 JAPAN TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 54)
    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
                    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
           5.2.4 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 20 RAIL ASSET MANAGEMENT MARKET: VALUE CHAIN ANALYSIS
           5.3.2 ECOSYSTEM
                 FIGURE 21 MARKET: ECOSYSTEM
           5.3.3 RAILWAY INFRASTRUCTURE INVESTMENT, BY COUNTRY, 2018
           5.3.4 PATENT ANALYSIS
                 TABLE 4 EUROPE PATENT APPLICATION, BY COUNTRY, 2014–2019
                 TABLE 5 EUROPE PATENT APPLICATION, BY TECHNOLOGY FIELD, 2014–2019
                 FIGURE 22 EUROPE PATENT APPLICATION: DIGITAL TECHNOLOGY, BY APPLICANT, 2020
                 TABLE 6 UNITED STATES: NUMBER OF PATENTS GRANTED, BY COUNTRY OF ORIGIN, 2014–2019
           5.3.5 AVERAGE SELLING PRICE
                 TABLE 7 PRICING ANALYSIS
           5.3.6 RAIL ASSET MANAGEMENT MARKET: TECHNOLOGICAL LANDSCAPE
                    5.3.6.1 Internet of Things
                    5.3.6.2 Big data analytics and cloud computing
                    5.3.6.3 Drones for identifying railway infrastructure issues
                    5.3.6.4 Hyperloop - future of transportation
                    5.3.6.5 Automatic warning system
                    5.3.6.6 5G network
           5.3.7 USE CASES
                    5.3.7.1 Case study 1: Siemens provides maintenance services to Govia Thameslink Railway
                    5.3.7.2 Case study 2: Uptake through Uptake Compass to automate a North American freight railway company’s messy and mislabeled maintenance work order data
                    5.3.7.3 Case study 3: Siemens to provide maintenance services for Rhine-Ruhr Express
                    5.3.7.4 Case study 4: Assetic helped Sydney Trains visualize rail assets for optimized asset management
                    5.3.7.5 Case study 5: Siemens to provide maintenance services for Russian Railways
                    5.3.7.6 Case study 6: Atlanta Streetcar pioneers a new approach to manage its light-rail vehicles in partnership with Siemens Digital Rail Services
                    5.3.7.7 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 SOLUTIONS NETWORKS
        TABLE 8 RAIL ASSET MANAGEMENT MARKET: ANALYSIS OF DRIVERS AND OPPORTUNITIES IN THE COVID-19 ERA
        TABLE 9 RAIL ASSET MANAGEMENT SOLUTIONS: ANALYSIS OF CHALLENGES AND RESTRAINTS IN THE COVID-19 ERA
           5.4.1 CUMULATIVE GROWTH ANALYSIS
                 TABLE 10 MARKET: CUMULATIVE GROWTH ANALYSIS

6 RAIL ASSET MANAGEMENT MARKET, BY OFFERING (Page No. - 72)
    6.1 INTRODUCTION
        FIGURE 23 SERVICES SEGMENT TO GROW AT A HIGHER CAGR IN THE MARKET FROM 2020 TO 2025
        TABLE 11 MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
        TABLE 12 MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
    6.2 SOLUTIONS
           6.2.1 SOLUTIONS: MARKET DRIVERS
           6.2.2 SOLUTIONS: COVID-19 IMPACT
                 FIGURE 24 ANALYTICS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 13 OFFERING: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 14 OFFERING: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 15 SOLUTIONS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 16 SOLUTIONS: RAIL ASSET MANAGEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.3 ASSET PERFORMANCE MANAGEMENT
                 FIGURE 25 PREDICTIVE MAINTENANCE SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                 TABLE 17 SOLUTIONS: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 18 SOLUTIONS: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 19 ASSET PERFORMANCE MANAGEMENT: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 20 ASSET PERFORMANCE MANAGEMENT: RAIL ASSET MANAGEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.2.3.1 Condition monitoring
                            TABLE 21 CONDITION MONITORING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 22 CONDITION MONITORING MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.2.3.2 Predictive maintenance
                            TABLE 23 PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 24 PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.4 ANALYTICS
                 TABLE 25 ANALYTICS: RAIL ASSET MANAGEMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 26 ANALYTICS: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.5 ASSET PLANNING AND SCHEDULING
                 TABLE 27 ASSET PLANNING AND SCHEDULING: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 28 ASSET PLANNING AND SCHEDULING: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.6 SECURITY
                 TABLE 29 SECURITY: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 30 SECURITY: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.7 WORKFORCE MANAGEMENT
                 TABLE 31 WORKFORCE MANAGEMENT: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 32 WORKFORCE MANAGEMENT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.8 NETWORK MANAGEMENT
                 TABLE 33 NETWORK MANAGEMENT: RAIL ASSET MANAGEMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 34 NETWORK MANAGEMENT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.9 OTHER SOLUTIONS
                 TABLE 35 OTHER SOLUTIONS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 36 OTHER SOLUTIONS: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    6.3 SERVICES
           6.3.1 SERVICES: MARKET DRIVERS
           6.3.2 SERVICES: COVID-19 ON IMPACT
                 FIGURE 26 MANAGED SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                 TABLE 37 OFFERING: RAIL ASSET MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 38 OFFERING: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 39 SERVICES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 40 SERVICES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.3.3 PROFESSIONAL SERVICES
                 FIGURE 27 SUPPORT AND MAINTENANCE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 41 SERVICES: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 42 SERVICES: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 43 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 44 PROFESSIONAL SERVICES: RAIL ASSET MANAGEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.3.3.1 Consulting and training
                            TABLE 45 CONSULTING AND TRAINING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 46 CONSULTING AND TRAINING MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.3.3.2 System integration and deployment
                            TABLE 47 SYSTEM INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 48 SYSTEM INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.3.3.3 Support and maintenance
                            TABLE 49 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 50 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.3.4 MANAGED SERVICES
                 TABLE 51 MANAGED SERVICES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 52 MANAGED SERVICES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

7 RAIL ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODE (Page No. - 97)
    7.1 INTRODUCTION
        FIGURE 28 CLOUD DEPLOYMENT MODE TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
        TABLE 53 MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
        TABLE 54 MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
    7.2 ON-PREMISES
           7.2.1 ON-PREMISES: MARKET DRIVERS
           7.2.2 ON-PREMISES: COVID-19 IMPACT
                 TABLE 55 ON-PREMISES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 56 ON-PREMISES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    7.3 CLOUD
           7.3.1 CLOUD: MARKET DRIVERS
           7.3.2 CLOUD: COVID-19 IMPACT
                 TABLE 57 CLOUD: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 58 CLOUD: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

8 RAIL ASSET MANAGEMENT MARKET, BY APPLICATION (Page No. - 103)
    8.1 INTRODUCTION
        FIGURE 29 INFRASTRUCTURE SEGMENT TO GROW AT A HIGHER CAGR DURING 2020–2025
        TABLE 59 MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
        TABLE 60 MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
    8.2 ROLLING STOCK
           8.2.1 ROLLING STOCK: MARKET DRIVERS
           8.2.2 ROLLING STOCK: COVID-19 IMPACT
                 TABLE 61 ROLLING STOCK: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 62 ROLLING STOCK: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.3 INFRASTRUCTURE
           8.3.1 INFRASTRUCTURE: MARKET DRIVERS
           8.3.2 INFRASTRUCTURE: COVID-19 IMPACT
                 TABLE 63 INFRASTRUCTURE: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 64 INFRASTRUCTURE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

9 RAIL ASSET MANAGEMENT MARKET, BY REGION (Page No. - 108)
    9.1 INTRODUCTION
        FIGURE 30 EUROPE TO HOLD THE LARGEST MARKET SIZE IN MARKET IN 2020
        FIGURE 31 ASIA PACIFIC TO BE FASTEST-GROWING REGION IN THE MARKET DURING THE FORECAST PERIOD
        TABLE 65 MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 66 MARKET SIZE, BY REGION, 2019–2025 (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: MARKET REGULATORY IMPLICATIONS
                 TABLE 67 NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 68 NORTH AMERICA: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 69 NORTH AMERICA: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 70 NORTH AMERICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 71 NORTH AMERICA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 72 NORTH AMERICA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 73 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 74 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 75 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 76 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 77 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 78 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 79 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 80 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                 TABLE 81 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 82 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           9.2.4 UNITED STATES
                 TABLE 83 UNITED STATES: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 84 UNITED STATES: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 85 UNITED STATES: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 86 UNITED STATES: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 87 UNITED STATES: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 88 UNITED STATES: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 89 UNITED STATES: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 90 UNITED STATES: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 91 UNITED STATES: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 92 UNITED STATES: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 93 UNITED STATES: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 94 UNITED STATES: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 95 UNITED STATES: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 96 UNITED STATES: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
           9.2.5 CANADA
                 TABLE 97 CANADA: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 98 CANADA: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 99 CANADA: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 100 CANADA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 101 CANADA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 102 CANADA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 103 CANADA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 104 CANADA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 105 CANADA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 106 CANADA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 107 CANADA: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 108 CANADA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 109 CANADA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 110 CANADA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
    9.3 EUROPE
           9.3.1 EUROPE: MARKET DRIVERS
           9.3.2 EUROPE: COVID-19 IMPACT
           9.3.3 EUROPE: RAIL ASSET MANAGEMENT MARKET REGULATORY IMPLICATIONS
                 FIGURE 32 EUROPE: MARKET SNAPSHOT
                 TABLE 111 EUROPE: MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 112 EUROPE: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 113 EUROPE: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 114 EUROPE: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 115 EUROPE: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 116 EUROPE: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 117 EUROPE: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 118 EUROPE: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 119 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 120 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 121 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 122 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 123 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 124 EUROPE: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                 TABLE 125 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 126 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           9.3.4 UNITED KINGDOM
                 TABLE 127 UNITED KINGDOM: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 128 UNITED KINGDOM: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 129 UNITED KINGDOM: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 130 UNITED KINGDOM: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 131 UNITED KINGDOM: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 132 UNITED KINGDOM: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 133 UNITED KINGDOM: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 134 UNITED KINGDOM: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 135 UNITED KINGDOM: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 136 UNITED KINGDOM: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 137 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 138 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 139 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 140 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
           9.3.5 GERMANY
           9.3.6 FRANCE
           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: RAIL ASSET MANAGEMENT MARKET REGULATORY IMPLICATIONS
                 FIGURE 33 ASIA PACIFIC: MARKET SNAPSHOT
                 TABLE 141 ASIA PACIFIC: MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 142 ASIA PACIFIC: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 143 ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 144 ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 145 ASIA PACIFIC: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 146 ASIA PACIFIC: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 147 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 148 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 149 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 150 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 151 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 152 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 153 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 154 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                 TABLE 155 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 156 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           9.4.4 CHINA
                 TABLE 157 CHINA: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 158 CHINA: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 159 CHINA: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 160 CHINA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 161 CHINA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 162 CHINA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 163 CHINA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 164 CHINA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 165 CHINA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 166 CHINA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 167 CHINA: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 168 CHINA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 169 CHINA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 170 CHINA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
           9.4.5 JAPAN
           9.4.6 INDIA
           9.4.7 REST OF ASIA PACIFIC
    9.5 MIDDLE EAST AND AFRICA
           9.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS
           9.5.2 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
           9.5.3 MIDDLE EAST AND AFRICA: RAIL ASSET MANAGEMENT MARKET REGULATORY IMPLICATIONS
                 TABLE 171 MIDDLE EAST AND AFRICA: MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 172 MIDDLE EAST AND AFRICA: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 173 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 174 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 175 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 176 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 177 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 178 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 179 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 180 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 181 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 182 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 183 MIDDLE EAST AND AFRICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 184 MIDDLE EAST AND AFRICA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                 TABLE 185 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 186 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           9.5.4 NIGERIA
                 TABLE 187 NIGERIA: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 188 NIGERIA: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 189 NIGERIA: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 190 NIGERIA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 191 NIGERIA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 192 NIGERIA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 193 NIGERIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 194 NIGERIA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 195 NIGERIA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 196 NIGERIA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 197 NIGERIA: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 198 NIGERIA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 199 NIGERIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 200 NIGERIA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
           9.5.5 SOUTH AFRICA
           9.5.6 REST OF MIDDLE EAST AND 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: MARKET REGULATORY IMPLICATIONS
                 TABLE 201 LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 202 LATIN AMERICA: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 203 LATIN AMERICA: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 204 LATIN AMERICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 205 LATIN AMERICA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 206 LATIN AMERICA: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 207 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 208 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 209 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 210 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 211 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 212 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 213 LATIN AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 214 LATIN AMERICA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                 TABLE 215 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 216 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           9.6.4 BRAZIL
                 TABLE 217 BRAZIL: RAIL ASSET MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                 TABLE 218 BRAZIL: MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                 TABLE 219 BRAZIL: MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                 TABLE 220 BRAZIL: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 221 BRAZIL: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2016–2019 (USD MILLION)
                 TABLE 222 BRAZIL: MARKET SIZE, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2019–2025 (USD MILLION)
                 TABLE 223 BRAZIL: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 224 BRAZIL: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 225 BRAZIL: MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2019 (USD MILLION)
                 TABLE 226 BRAZIL: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 227 BRAZIL: MARKET SIZE, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                 TABLE 228 BRAZIL: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                 TABLE 229 BRAZIL: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 230 BRAZIL: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
           9.6.5 MEXICO
           9.6.6 REST OF LATIN AMERICA

10 COMPETITIVE LANDSCAPE (Page No. - 170)
     10.1 OVERVIEW
     10.2 MARKET EVALUATION FRAMEWORK
          FIGURE 34 MARKET EVALUATION FRAMEWORK, 2018–2020
     10.3 KEY MARKET DEVELOPMENTS
             10.3.1 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
                    TABLE 231 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2018 –2019
             10.3.2 BUSINESS EXPANSIONS
                    TABLE 232 BUSINESS EXPANSIONS, 2019
             10.3.3 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
                    TABLE 233 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2018–2020
             10.3.4 MERGERS AND ACQUISITIONS
                    TABLE 234 MERGERS AND ACQUISITIONS, 2019 –2020
     10.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS
          FIGURE 35 REVENUE ANALYSIS OF PLAYERS IN THE RAIL ASSET MANAGEMENT MARKET
     10.5 HISTORICAL REVENUE ANALYSIS
          FIGURE 36 HISTORIC FIVE YEARS REVENUE ANALYSIS OF LEADING PLAYERS IN THE MARKET
     10.6 COMPANY EVALUATION MATRIX
          FIGURE 37 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
             10.6.1 STAR
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE
             10.6.4 PARTICIPANT
                    FIGURE 38 RAIL ASSET MANAGEMENT MARKET: COMPANY EVALUATION MATRIX, 2020
     10.7 MARKET RANKING OF TOP 5 KEY PLAYERS
          FIGURE 39 RANKING OF KEY PLAYERS, 2020
     10.8 STARTUP/SME EVALUATION MATRIX
          FIGURE 40 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
             10.8.1 PROGRESSIVE COMPANIES
             10.8.2 RESPONSIVE COMPANIES
             10.8.3 DYNAMIC COMPANIES
             10.8.4 STARTING BLOCKS
                    FIGURE 41 RAIL ASSET MANAGEMENT MARKET: STARTUP/SME EVALUATION MATRIX, 2020

11 COMPANY PROFILES (Page No. - 182)
     11.1 INTRODUCTION
(Business Overview, Solutions & Services, Key Insights, Recent Developments, MnM View)*
     11.2 SIEMENS
          FIGURE 42 SIEMENS: COMPANY SNAPSHOT
     11.3 HITACHI
          FIGURE 43 HITACHI: COMPANY SNAPSHOT
     11.4 ALSTOM
          FIGURE 44 ALSTOM: COMPANY SNAPSHOT
     11.5 IBM
          FIGURE 45 IBM: COMPANY SNAPSHOT
     11.6 WABTEC
          FIGURE 46 WABTEC: COMPANY SNAPSHOT
     11.7 SAP
          FIGURE 47 SAP: COMPANY SNAPSHOT
     11.8 CAPGEMINI
          FIGURE 48 CAPGEMINI: COMPANY SNAPSHOT
     11.9 CISCO
          FIGURE 49 CISCO: COMPANY SNAPSHOT
     11.10 HUAWEI
           FIGURE 50 HUAWEI: COMPANY SNAPSHOT
     11.11 ACCENTURE
           FIGURE 51 ACCENTURE: COMPANY SNAPSHOT
     11.12 TRIMBLE
     11.13 BENTLEY SYSTEMS
     11.14 ATKINS
     11.15 DXC TECHNOLOGY
     11.16 TRAPEZE GROUP
     11.17 WSP
     11.18 TEGO
     11.19 KONUX
     11.2 L&T TECHNOLOGY SERVICES LIMITED
     11.21 CYIENT
*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
     11.22 ASSETIC
     11.23 MACHINES WITH VISION
     11.24 UPTAKE
     11.25 DELPHISONIC
     11.26 ZEDAS
     11.27 OXPLUS

12 APPENDIX (Page No. - 229)
     12.1 ADJACENT/RELATED MARKET
             12.1.1 LIMITATIONS
             12.1.2 SMART RAILWAYS MARKET – GLOBAL FORECAST TO 2024
                        12.1.2.1 Market definition
                        12.1.2.2 Market overview
                        12.1.2.3 Smart railways market, by offering
                                 TABLE 235 SMART RAILWAYS MARKET SIZE, BY OFFERING, 2017–2024 (USD MILLION)
                        12.1.2.4 Smart railways market, by solution
                                 TABLE 236 SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        12.1.2.5 Smart railways market, by service
                                 TABLE 237 SMART RAILWAYS MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
                        12.1.2.6 Smart railways market, by professional service
                                 TABLE 238 PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        12.1.2.7 Smart railways market, by region
                                 TABLE 239 SMART RAILWAYS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
             12.1.3 RAILWAY PLATFORM SECURITY MARKET – GLOBAL FORECAST TO 2024
                        12.1.3.1 Market definition
                        12.1.3.2 Market overview
                        12.1.3.3 Railway platform security market, by component
                                 TABLE 240 RAILWAY PLATFORM SECURITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
                        12.1.3.4 Railway platform security market, by solution
                                 TABLE 241 SOLUTIONS: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        12.1.3.5 Railway platform security market, by service
                                 TABLE 242 SERVICES: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        12.1.3.6 Railway platform security market, by professional service
                                 TABLE 243 PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        12.1.3.7 Railway platform security market, by application
                                 TABLE 244 RAILWAY PLATFORM SECURITY MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
                        12.1.3.8 Railway platform security market, by region
                                 TABLE 245 RAILWAY PLATFORM SECURITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
             12.1.4 DIGITAL RAILWAY MARKET – GLOBAL FORECAST TO 2024
                        12.1.4.1 Market definition
                        12.1.4.2 Market overview
                        12.1.4.3 Digital railway market, by solution
                                 TABLE 246 DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017–2024 (USD BILLION)
                        12.1.4.4 Digital railway market, by service
                                 TABLE 247 DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017–2024 (USD BILLION)
                        12.1.4.5 Digital railway market, by professional service
                                 TABLE 248 PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET SIZE, BY TYPE, 2017–2024 (USD BILLION)
                        12.1.4.6 Digital railway market, by application
                                 TABLE 249 DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017–2024 (USD BILLION)
                        12.1.4.7 Digital railway market, by region
                                 TABLE 250 DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017–2024 (USD BILLION)
             12.1.5 RAILWAY MANAGEMENT SYSTEM MARKET – GLOBAL FORECAST TO 2023
                        12.1.5.1 Market definition
                        12.1.5.2 Market overview
                        12.1.5.3 Railway management system market, by solution
                                 TABLE 251 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
                        12.1.5.4 Railway management system market, by service
                                 TABLE 252 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
                        12.1.5.5 Railway management system market, by region
                                 TABLE 253 RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the rail asset management market. Exhaustive secondary research was done to collect information on the logistics industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub segments of the rail asset management market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. These secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The rail asset management market comprises several stakeholders, such as rail asset management vendors, rail asset management service providers, venture capitalists, government organizations, regulatory authorities, policymakers, and financial organizations, consulting firms, research organizations, academic institutions, resellers and distributors, and training providers. The demand side of the rail asset management market consists of all the firms operating in several industry verticals. The supply side includes rail asset management providers, offering rail asset management services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Given below is the breakup of the primary respondents:

Rail Asset Management MarketSize, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the global rail asset management market and various other dependent submarkets in the overall market. An exhaustive list of all the vendors offering solutions and services in the rail asset management market was prepared while using the top-down approach. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on its offering (solutions and services). The aggregate of all companies’ revenues was extrapolated to reach the overall market size.

Further, each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and managers.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To describe and forecast the size of the rail asset management market, by offering, deployment mode, application, and region
  • To describe and forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze the impact of COVID-19 on the market
  • To analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall rail asset management market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments
  • To profile key market players, including top vendors and startups, provide comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and provide a detailed competitive landscape of the market
  • To analyze competitive developments, such as Mergers and Acquisitions (M&A); new product launches and product enhancements; agreements, partnerships, and collaborations; business expansions; and Research and Development (R&D) activities in the market

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company information:

  • Detailed analysis and profiling of additional market players (Up to 5)

Geographic analysis:

  • Further breakdown of the Germany rail asset management market
  • Further breakdown of the France market
  • Further breakdown of Japan market
  • Further breakdown of South Africa market
  • Further breakdown of Brazil market
COVID-19

Get in-depth analysis of the COVID-19 impact on the Rail Asset Management Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Rail Asset Management Market

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Report Code
TC 7440
Published ON
Nov, 2020
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