The Asia Pacific Rail Asset Management Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027).
Rail operators must modernise their basic IT platforms in order to fully reap the advantages of advanced digital asset management. It's possible that legacy technology systems won't be able to handle the massive amounts of data generated by sensors and drones. Modern platforms will most certainly be able to better handle this avalanche of data, as well as analyse it faster and more thoroughly to enable speedier decision-making. A modern digital platform is made up of a collection of microservices that operate together as an obtaining the data to help train operators get the most out of a consistent, data-driven operating strategy. A digital platform lays the groundwork for transformation, allowing for dependable and efficient worldwide operations and service delivery.
Intelligent sensors attached to rail line intervals, for example, can measure temperature, pressure, motion, and other parameters. Train operators can discover where repair is needed before rail components exhibit signs of deterioration by feeding sensor data via an advanced analytics engine powered by artificial intelligence and machine learning.
Because of the increased acceptance of new technologies, rising investments in digital transformation, and increasing GDP in APAC countries, the APAC region is experiencing rapid growth in the rail asset management market. Australia, Singapore, China, Korea, Hong Kong, and India are among the region's most promising economies, with each reportedly spending heavily on rail technology transformation.
Indian Railways is a massive organization that defies description using adjectives like "gigantic" and "colossal." In the field of big data analytics, IR has a wide range of options to investigate. Customer experience, train scheduling, timetabling, increasing security at railway stations, network optimization, automatic charting, inventory management, crew management, and IRCTC ticket administration are just a few of the applications available.
The China market dominated the Asia Pacific Rail Asset Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,145.5 million by 2027. The Japan market is poised to grow at a CAGR of 5.4% during (2021 - 2027). Additionally, The India market would display a CAGR of 6.6% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Further, the solution segment is bifurcated into Asset Performance Management (APM), Asset Planning & Scheduling, Workforce Management, Security, Analytics, Network Management, Incident Management, and Others. Based on Services, the market is segmented into Professional Services and Managed Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Rolling Stock and Infrastructure. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Rail Asset Management Market is Projected to reach USD 13.9 Billion by 2027, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ALSTOM Holdings, Siemens AG, IBM Corporation, Hitachi, Ltd. (Hitachi ID Systems, Inc.), SAP SE, Cisco Systems, Inc., Capgemini SE, Accenture PLC, Wabtec Corporation, and Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Asset Performance Management (APM)
- Asset Planning & Scheduling
- Workforce Management
- Security
- Analytics
- Network Management
- Incident Management
- Others
- Services
- Professional Services
- Managed Services
By Deployment Type
By Application
- Rolling Stock
- Infrastructure
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ALSTOM Holdings
- Siemens AG
- IBM Corporation
- Hitachi, Ltd. (Hitachi ID Systems, Inc.)
- SAP SE
- Cisco Systems, Inc.
- Capgemini SE
- Accenture PLC
- Wabtec Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
TABLE 1 Asia Pacific Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Rail Asset Management Market
TABLE 4 Product Launches And Product Expansions– Rail Asset Management Market
TABLE 5 Acquisition and Mergers– Rail Asset Management Market
TABLE 6 Geographical Expansions– Rail Asset Management Market
TABLE 7 Asia Pacific Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Solution Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Solution Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Asset Performance Management (APM) Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Asset Performance Management (APM) Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Asset Planning & Scheduling Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Asset Planning & Scheduling Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Workforce Management Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Workforce Management Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Security Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Security Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Analytics Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Analytics Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Network Management Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Network Management Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Incident Management Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Incident Management Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Other Solution Type Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Other Solution Type Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Services Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Services Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Professional Services Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Professional Services Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Managed Services Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Managed Services Market by Country, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 39 Asia Pacific On-premise Market by Country, 2017 - 2020, USD Million
TABLE 40 Asia Pacific On-premise Market by Country, 2021 - 2027, USD Million
TABLE 41 Asia Pacific Cloud Market by Country, 2017 - 2020, USD Million
TABLE 42 Asia Pacific Cloud Market by Country, 2021 - 2027, USD Million
TABLE 43 Asia Pacific Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 44 Asia Pacific Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 45 Asia Pacific Rolling Stock Market by Country, 2017 - 2020, USD Million
TABLE 46 Asia Pacific Rolling Stock Market by Country, 2021 - 2027, USD Million
TABLE 47 Asia Pacific Infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 48 Asia Pacific Infrastructure Market by Country, 2021 - 2027, USD Million
TABLE 49 Asia Pacific Rail Asset Management Market by Country, 2017 - 2020, USD Million
TABLE 50 Asia Pacific Rail Asset Management Market by Country, 2021 - 2027, USD Million
TABLE 51 China Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 52 China Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 53 China Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 54 China Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 55 China Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 56 China Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 57 China Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 58 China Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 59 China Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 60 China Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 61 China Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 62 China Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 63 Japan Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 64 Japan Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 65 Japan Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 66 Japan Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 67 Japan Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 68 Japan Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 69 Japan Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 70 Japan Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 71 Japan Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 72 Japan Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 73 Japan Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 74 Japan Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 75 India Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 76 India Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 77 India Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 78 India Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 79 India Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 80 India Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 81 India Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 82 India Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 83 India Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 84 India Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 85 India Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 86 India Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 87 South Korea Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 88 South Korea Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 89 South Korea Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 90 South Korea Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 91 South Korea Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 92 South Korea Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 93 South Korea Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 94 South Korea Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 95 South Korea Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 96 South Korea Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 97 South Korea Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 98 South Korea Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 99 Singapore Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 100 Singapore Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 101 Singapore Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 102 Singapore Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 103 Singapore Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 104 Singapore Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 105 Singapore Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 106 Singapore Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 107 Singapore Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 108 Singapore Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 109 Singapore Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 110 Singapore Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 111 Malaysia Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 112 Malaysia Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 113 Malaysia Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 114 Malaysia Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 115 Malaysia Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 116 Malaysia Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 117 Malaysia Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 118 Malaysia Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 119 Malaysia Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 120 Malaysia Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 121 Malaysia Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 122 Malaysia Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 123 Rest of Asia Pacific Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 124 Rest of Asia Pacific Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 125 Rest of Asia Pacific Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 126 Rest of Asia Pacific Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 127 Rest of Asia Pacific Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 128 Rest of Asia Pacific Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 129 Rest of Asia Pacific Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 130 Rest of Asia Pacific Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 131 Rest of Asia Pacific Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 132 Rest of Asia Pacific Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 133 Rest of Asia Pacific Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 134 Rest of Asia Pacific Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 135 Key Information – ALSTOM Holdings
TABLE 136 Key Information – Siemens AG
TABLE 137 Key information – IBM Corporation
TABLE 138 Key Information – Hitachi, Ltd.
TABLE 139 Key Information – SAP SE
TABLE 140 Key Information – Cisco Systems, Inc.
TABLE 141 Key Information – Capgemini SE
TABLE 142 Key information – Accenture PLC
TABLE 143 Key information – Wabtec Corporation
TABLE 144 key information – Huawei Technologies Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Acquisitions and Mergers : 2020, Jan – 2022, Jan) Leading Players
FIG 5 Recent strategies and developments: Siemens AG
FIG 6 Swot analysis: Siemens AG
FIG 7 Swot analysis: IBM Corporation
FIG 8 SWOT Analysis: SAP SE
FIG 9 SWOT Analysis: Cisco Systems, Inc.
FIG 10 Recent strategies and developments: Wabtec Corporation