The Europe Rail Asset Management Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).
With the help of technology like smart watches, smart glasses, and portable screens, field technicians can act on that information. Hands-free smart glasses, for example, can show a real-time augmented-reality version of a repair site, coupled with diagrams or instructional films. Voice-activated commands and controls, remote collaboration with specialists through audio or video conferencing, and intelligent lists with step-by-step directions for repair and maintenance are all possible with smart devices in the field. Real-time asset data can also be supplied into mass transit control systems, mobile work-order systems, delay predictors, rail energy optimization systems, and a variety of other intelligent systems that use powerful artificial intelligence to centralise operations and connect sensors to technicians.
Connected, intelligent devices enabled by the rail internet of things (IoT) may track rail assets in real time using camera drones, sensors, and other mobile technologies, and transferring the data into analytics systems for further processing. Having a network of devices that can monitor infrastructure in real time provides huge benefits for businesses dealing with ageing infrastructure, particularly in terms of maintenance, repair, and operations.
Infrastructure managers and railway undertakings have had to adopt a more business-like mentality as a result of European legislation: their management focus has switched from a technical approach to costs and performance. For many European infrastructure managers, this development resulted in a situation where stakeholders began to impose more stringent performance and cost requirements, forcing infrastructure managers to make new and transparent trade-offs in order to make the best decisions possible.
The Green Deal has emphasized the relevance of decarbonization: rail is far more ecologically friendly and energy efficient than other forms of transport, and it is yet capable of being even more so. It will be feasible to establish an integrated research and innovation programme by better understanding the interfaces & interactions among the components of the entire system, as well as their linkages with other modes.
The Germany market dominated the Europe Rail Asset Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,160.8 million by 2027. The UK market is anticipated to grow at a CAGR of 4.7% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 6.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Rail Asset Management Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 2 Europe 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 Europe Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 8 Europe Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 9 Europe Solution Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Solution Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 12 Europe Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 13 Europe Asset Performance Management (APM) Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Asset Performance Management (APM) Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Asset Planning & Scheduling Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Asset Planning & Scheduling Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Workforce Management Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe Workforce Management Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Security Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Security Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Analytics Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Analytics Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Network Management Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe Network Management Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe Incident Management Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe Incident Management Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe Other Solution Type Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Other Solution Type Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Services Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Services Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 32 Europe Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 33 Europe Professional Services Market by Country, 2017 - 2020, USD Million
TABLE 34 Europe Professional Services Market by Country, 2021 - 2027, USD Million
TABLE 35 Europe Managed Services Market by Country, 2017 - 2020, USD Million
TABLE 36 Europe Managed Services Market by Country, 2021 - 2027, USD Million
TABLE 37 Europe Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 38 Europe Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 39 Europe On-premise Market by Country, 2017 - 2020, USD Million
TABLE 40 Europe On-premise Market by Country, 2021 - 2027, USD Million
TABLE 41 Europe Cloud Market by Country, 2017 - 2020, USD Million
TABLE 42 Europe Cloud Market by Country, 2021 - 2027, USD Million
TABLE 43 Europe Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 44 Europe Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 45 Europe Rolling Stock Market by Country, 2017 - 2020, USD Million
TABLE 46 Europe Rolling Stock Market by Country, 2021 - 2027, USD Million
TABLE 47 Europe Infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 48 Europe Others Market by Country, 2021 - 2027, USD Million
TABLE 49 Europe Rail Asset Management Market by Country, 2017 - 2020, USD Million
TABLE 50 Europe Rail Asset Management Market by Country, 2021 - 2027, USD Million
TABLE 51 Germany Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 52 Germany Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 53 Germany Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 54 Germany Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 55 Germany Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 56 Germany Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 57 Germany Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 58 Germany Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 59 Germany Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 60 Germany Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 61 Germany Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 62 Germany Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 63 UK Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 64 UK Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 65 UK Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 66 UK Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 67 UK Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 68 UK Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 69 UK Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 70 UK Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 71 UK Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 72 UK Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 73 UK Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 74 UK Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 75 France Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 76 France Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 77 France Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 78 France Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 79 France Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 80 France Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 81 France Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 82 France Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 83 France Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 84 France Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 85 France Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 86 France Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 87 Russia Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 88 Russia Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 89 Russia Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 90 Russia Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 91 Russia Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 92 Russia Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 93 Russia Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 94 Russia Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 95 Russia Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 96 Russia Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 97 Russia Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 98 Russia Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 99 Spain Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 100 Spain Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 101 Spain Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 102 Spain Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 103 Spain Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 104 Spain Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 105 Spain Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 106 Spain Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 107 Spain Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 108 Spain Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 109 Spain Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 110 Spain Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 111 Italy Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 112 Italy Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 113 Italy Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 114 Italy Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 115 Italy Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 116 Italy Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 117 Italy Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 118 Italy Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 119 Italy Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 120 Italy Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 121 Italy Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 122 Italy Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 123 Rest of Europe Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 124 Rest of Europe Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 125 Rest of Europe Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 126 Rest of Europe Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 127 Rest of Europe Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 128 Rest of Europe Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 129 Rest of Europe Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 130 Rest of Europe Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 131 Rest of Europe Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 132 Rest of Europe Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 133 Rest of Europe Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 134 Rest of Europe 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