Rail Maintenance Management System Market By Component (Solution, Service), By Deployment Mode (On-Premise, Cloud), By Type (Facility Maintenance, Rolling Stock Maintenance, Track Maintenance, Signalling System Maintenance, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Rail maintenance management systems are one of the rising technologies that can make the rail infrastructure digitalized and boosts safety in train management. These systems provide refined and controlled operations, data analytics, asset management, energy management, and passenger & staff information management. It often allows for disaster management, which is of utmost imperative for the protection of assets and human lives. As a result, it can reduce operating costs, optimize efficiency of current assets of a company, and boost service offering and efficiency. Furthermore, safety and reliability in train management are of crucial importance, most automation trends and IoT applications in rail are dedicated to safety and security. Hence, rail operators are deploying rail maintenance management system as it can control collision, control train speed, and monitor track conditions, among others. In addition, suppliers are often integrating emerging technologies, such as AI, machine learning, Big Data, and more, to reap the benefits of real-time monitoring in train management systems. Thus, it has a potential impact on improving passenger comfort and safety, which in turn, boosts the rail infrastructure.
Growing trend of IoT and digitalization in rail transport, favorable government policies, and rising investments in expanding railway infrastructure are the major factors accelerating the growth of rail maintenance management system market. Moreover, increase in rate in development of smart cities and smart railway projects fuel the market growth during the forecast period. However, high initial and maintenance cost of rail maintenance management systems, as well as data security and privacy concern related to IoT devices are some of the factors that hinder the market growth. Moreover, surging adoption of cloud and Industry 4.0 technologies transforming the railway industry and untapped potential of emerging economies is expected to create lucrative growth opportunities for the market during the forecast period.
The rail maintenance management system market is segmented on the basis of component, deployment mode, type, and region. By component, it is categorized into solution and services (consulting, system integration, and support & maintenance). By deployment mode, it is segmented into on-premise and cloud. By type, it is bifurcated into facility maintenance, rolling stock maintenance, track maintenance, signaling system maintenance, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA region.
The report includes a comprehensive analysis of the key players operating in the rail maintenance management system market, such as Cisco Systems, Inc., IBM Corporation, ABB Group, Hitachi Rail Limited, Siemens Mobility GmbH, Toshiba Infrastructure Systems & Solutions Corporation, Trimble Inc., Alstom S.A., RailnovaSA, and Thales Group.
Key Benefits for Stakeholders
The study provides in-depth analysis of the rail maintenance management system market along with the current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the rail maintenance management system market size are provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the rail maintenance management system market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Component
Solution
Service
Services
Consulting
System Integration and Deployment
Support and Maintenance
By Deployment Mode
On-Premise
Cloud
By Type
Others
Facility Maintenance
Rolling Stock Maintenance
Track Maintenance
Signalling System Maintenance
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
IBM CORPORATION
ABB
CISCO
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