The North America Rail Asset Management Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
Rail asset management covers all areas of asset management, including hardware, software, and consulting. The stronger economy has resulted in a backlog of new rail asset management system projects. This guide will help meet the increased demand for supplier selection assistance. The choice of a rail asset management system is crucial, especially in the asset-intensive rail industry. The total solution has expanded and evolved, and functionality currently entails a mix of new capabilities and specialized technological requirements. Suppliers have unique domain experience, geographical presence, and understanding of certain industry dynamics, while product plays a major influence. All of these must be considered during the supplier selection process.
To track and analyse the integrity, safety, and compliance of their assets and infrastructure, rail companies have historically depended on field people and paper records. Nowadays, using solutions like connected asset life-cycle management and "smart technician" tools in the field, digital rail asset management can help organizations reach more efficient approaches.
A variety of factors have combined to increase the economic relevance of rail travel in the United States. These same causes present fresh potential for domestic rail car and equipment makers to benefit, but there are historical and structural hurdles to taking advantage of these opportunities. These recent rail procurements include "Buy America" requirements that demand the use of items manufactured in the United States, in line with stipulations in the American Reinvestment and Recovery Act (ARRA) and preceding legislation. Currently, however, most rail equipment manufacturers are foreign-owned and only do some final assembly work in the United States. Government in developed nations of the region are increasingly spending on the improvements of the railway operations and thus, augmenting the growth of the regional rail asset management market.
The US market dominated the North America Rail Asset Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,016.8 million by 2027. The Canada market is anticipated to grow at a CAGR of 8.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Rail Asset Management Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Rail Asset Management Market, by Component
1.4.2 North America Rail Asset Management Market, by Deployment Type
1.4.3 North America Rail Asset Management Market, by Application
1.4.4 North America Rail Asset Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Acquisitions and Mergers : 2020, Jan – 2022, Jan) Leading Players
Chapter 4. North America Rail Asset Management Market by Component
4.1 North America Solution Market by Country
4.2 North America Rail Asset Management Market by Solution Type
4.2.1 North America Asset Performance Management (APM) Market by Country
4.2.2 North America Asset Planning & Scheduling Market by Country
4.2.3 North America Workforce Management Market by Country
4.2.4 North America Security Market by Country
4.2.5 North America Analytics Market by Country
4.2.6 North America Network Management Market by Country
4.2.7 North America Incident Management Market by Country
4.2.8 North America Other Solution Type Market by Country
4.3 North America Services Market by Country
4.4 North America Rail Asset Management Market by Services Type
4.4.1 North America Professional Services Market by Country
4.4.2 North America Managed Services Market by Country
Chapter 5. North America Rail Asset Management Market by Deployment Type
5.1 North America On-premise Market by Country
5.2 North America Cloud Market by Country
Chapter 6. North America Rail Asset Management Market by Application
6.1 North America Rolling Stock Market by Country
6.2 North America Infrastructure Market by Country
Chapter 7. North America Rail Asset Management Market by Country
7.1 US Rail Asset Management Market
7.1.1 US Rail Asset Management Market by Component
7.1.1.1 US Rail Asset Management Market by Solution Type
7.1.1.2 US Rail Asset Management Market by Services Type
7.1.2 US Rail Asset Management Market by Deployment Type
7.1.3 US Rail Asset Management Market by Application
7.2 Canada Rail Asset Management Market
7.2.1 Canada Rail Asset Management Market by Component
7.2.1.1 Canada Rail Asset Management Market by Solution Type
7.2.1.2 Canada Rail Asset Management Market by Services Type
7.2.2 Canada Rail Asset Management Market by Deployment Type
7.2.3 Canada Rail Asset Management Market by Application
7.3 Mexico Rail Asset Management Market
7.3.1 Mexico Rail Asset Management Market by Component
7.3.1.1 Mexico Rail Asset Management Market by Solution Type
7.3.1.2 Mexico Rail Asset Management Market by Services Type
7.3.2 Mexico Rail Asset Management Market by Deployment Type
7.3.3 Mexico Rail Asset Management Market by Application
7.4 Rest of North America Rail Asset Management Market
7.4.1 Rest of North America Rail Asset Management Market by Component
7.4.1.1 Rest of North America Rail Asset Management Market by Solution Type
7.4.1.2 Rest of North America Rail Asset Management Market by Services Type
7.4.2 Rest of North America Rail Asset Management Market by Deployment Type
7.4.3 Rest of North America Rail Asset Management Market by Application
Chapter 8. Company Profiles
8.1 ALSTOM Holdings
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Geographical Expansions:
8.2.6 SWOT Analysis
8.3 IBM Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Hitachi, Ltd. (Hitachi ID Systems, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.5 SAP SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Cisco Systems, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Capgemini SE
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 Accenture PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.9 Wabtec Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Partnerships, Collaborations, and Agreements:
8.9.4.2 Acquisition and Mergers:
8.10. Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
TABLE 1 North America Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 8 North America Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 9 North America Solution Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Solution Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 12 North America Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 13 North America Asset Performance Management (APM) Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Asset Performance Management (APM) Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Asset Planning & Scheduling Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Asset Planning & Scheduling Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Workforce Management Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Workforce Management Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Security Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Security Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Analytics Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Analytics Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Network Management Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Network Management Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Incident Management Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Incident Management Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Other Solution Type Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Other Solution Type Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Services Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Services Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 32 North America Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 33 North America Professional Services Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Professional Services Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Managed Services Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Managed Services Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 38 North America Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 39 North America On-premise Market by Country, 2017 - 2020, USD Million
TABLE 40 North America On-premise Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Cloud Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Cloud Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 44 North America Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 45 North America Rolling Stock Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Rolling Stock Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Infrastructure Market by Country, 2021 - 2027, USD Million
TABLE 49 North America Rail Asset Management Market by Country, 2017 - 2020, USD Million
TABLE 50 North America Rail Asset Management Market by Country, 2021 - 2027, USD Million
TABLE 51 US Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 52 US Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 53 US Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 54 US Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 55 US Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 56 US Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 57 US Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 58 US Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 59 US Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 60 US Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 61 US Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 62 US Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 63 Canada Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 64 Canada Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 65 Canada Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 66 Canada Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 67 Canada Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 68 Canada Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 69 Canada Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 70 Canada Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 71 Canada Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 72 Canada Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 73 Canada Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 74 Canada Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 75 Mexico Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 76 Mexico Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 77 Mexico Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 78 Mexico Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 79 Mexico Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 80 Mexico Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 81 Mexico Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 82 Mexico Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 83 Mexico Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 84 Mexico Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 85 Mexico Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 86 Mexico Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 87 Rest of North America Rail Asset Management Market, 2017 - 2020, USD Million
TABLE 88 Rest of North America Rail Asset Management Market, 2021 - 2027, USD Million
TABLE 89 Rest of North America Rail Asset Management Market by Component, 2017 - 2020, USD Million
TABLE 90 Rest of North America Rail Asset Management Market by Component, 2021 - 2027, USD Million
TABLE 91 Rest of North America Rail Asset Management Market by Solution Type, 2017 - 2020, USD Million
TABLE 92 Rest of North America Rail Asset Management Market by Solution Type, 2021 - 2027, USD Million
TABLE 93 Rest of North America Rail Asset Management Market by Services Type, 2017 - 2020, USD Million
TABLE 94 Rest of North America Rail Asset Management Market by Services Type, 2021 - 2027, USD Million
TABLE 95 Rest of North America Rail Asset Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 96 Rest of North America Rail Asset Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 97 Rest of North America Rail Asset Management Market by Application, 2017 - 2020, USD Million
TABLE 98 Rest of North America Rail Asset Management Market by Application, 2021 - 2027, USD Million
TABLE 99 Key Information – ALSTOM Holdings
TABLE 100 Key Information – Siemens AG
TABLE 101 Key information – IBM Corporation
TABLE 102 Key Information – Hitachi, Ltd.
TABLE 103 Key Information – SAP SE
TABLE 104 Key Information – Cisco Systems, Inc.
TABLE 105 Key Information – Capgemini SE
TABLE 106 Key information – Accenture PLC
TABLE 107 Key information – Wabtec Corporation
TABLE 108 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