鉄道資産管理市場 – 2030年までの世界予測

Rail Asset Management Market - Global Forecast to 2030

鉄道資産管理市場 - 提供内容(ソリューション(状態監視、予知保全、セキュリティ、資産計画とスケジュール)およびサービス)、アプリケーション(鉄道車両とインフラ)、および地域別 - 2030年までの世界予測
Rail Asset Management Market by Offering (Solutions (Condition Monitoring, Predictive Maintenance, Security, Asset Planning & Scheduling) and Services), Application (Rolling Stock and Infrastructure), and Region - Global Forecast to 2030

商品番号 : SMB-10937

出版社MarketsandMarkets
出版年月2025年7月
ページ数309
図表数357
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

鉄道資産管理市場は、提供内容(ソリューションとサービス)、アプリケーション(鉄道車両とインフラ)、地域に分類されています。鉄道資産管理市場のソリューションセグメントは、さらにAPM、アナリティクス、資産計画とスケジューリング、セキュリティ、ワークフォースマネジメント、ネットワーク管理、その他のソリューション(インシデント管理、保証管理、資材管理)に分類されています。鉄道資産管理市場で調査対象となっているサービスには、専門サービス(コンサルティング、システム統合と導入、サポート、保守)とマネージドサービスが含まれます。主要業界プレーヤーの詳細な分析を実施し、鉄道資産管理市場に関連する事業概要、サービス、主要戦略、新サービスおよび新製品の発売、パートナーシップ、契約、コラボレーション、事業拡大、競争環境に関する洞察を提供しています。

The global rail asset management market size is expected to grow from USD 12.79 billion in 2025 to USD 17.59 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period. A nation’s financial and economic status is greatly influenced by its rail sector. It makes enormous profits every day and transports billions of people and freight. The simplicity and comfort of transportation have led to a fast increase in the reliance on railroads for both passenger and freight transit. Most nations are making significant investments in train infrastructure to give their inhabitants a smooth travel experience. Because of its enormous carrying capacity in a single run, railways also assist governments in reducing the cost of moving both passengers and commodities. The demand on the current rail system is rising as a result of our increased reliance on railroads.

世界の鉄道資産管理市場規模は、2025年の127億9,000万米ドルから2030年には175億9,000万米ドルに拡大し、予測期間中の年平均成長率(CAGR)は6.6%になると予想されています。国の財政および経済状況は、その鉄道セクターに大きく左右されます。鉄道は毎日莫大な利益を上げ、数十億の人々と貨物を輸送しています。輸送の簡便性と快適さから、旅客輸送と貨物輸送の両方において鉄道への依存が急速に高まっています。ほとんどの国が、住民にスムーズな移動体験を提供するために、鉄道インフラに多額の投資を行っています。鉄道は1回の運行で膨大な輸送能力を備えているため、政府による旅客と物資の輸送コストの削減にも役立っています。鉄道への依存度の高まりにより、現在の鉄道システムに対する需要は高まっています。

鉄道資産管理市場 - 2030年までの世界予測 - chosareport.com
rail-asset-management-market-new

“By Asset Performance Management (APM), the condition monitoring segment is expected to account for the largest market size during the forecast period.”

APM is a software solution that helps optimize railway industry processes, minimize costs, and maximize productivity by reducing the downtime of assets and operating them to attain their peak performance. Condition monitoring solutions help rail companies to automate condition measurements and report asset failures of an asset. Condition monitoring uses sensors to gain insights into the current health of various devices or items of equipment used in railways. These sensors collect data that helps them to monitor crucial operating parameters, such as vibrations, sound anomalies, airflow, and current. The various types of predictive maintenance enhance condition-based maintenance. With the help of this sensor data, predictive maintenance uses advanced analytics and artificial intelligence to predict machine failures before they happen or to anticipate maintenance needs before they become urgent.

“By application, the rolling stock segment is expected to hold the largest market size during the forecast period.”

The rolling stock segment is expected to hold the largest market size. The railway is an asset-intensive industry, and rolling stock is one of the most important asset categories in the railway industry. Efficiently managing rolling stock can save a significant amount of resources for the rail operator. Rolling stocks usually have a long service life, hence keeping a vehicle in operation for such a long period of time can create various servicing challenges, such as securing parts, unplanned maintenance, etc. Asset management solutions for rolling stocks can provide better control over asset performance, more efficient use of resources, and more effective risk management. Many rail operators are investing in rolling stock.

“By region, Middle East & Africa to grow at the highest CAGR during the forecast period”

The Middle East and Africa (MEA) is seeing a sharp rise in demand for rail asset management due to significant infrastructure investments, the expansion of urban transit, and a focus on digitization. Effective asset tracking and maintenance solutions are required as Saudi Arabia, the United Arab Emirates, and Egypt build extensive rail networks, including high-speed lines and metro systems. Public-private partnerships and regulatory mandates are also driving the uptake of sophisticated asset performance management systems. Dubai Metro Blue Line (UAE), which has been under construction since June 2025, with a 30 km extension, has 14 new stations and comprises the tallest metro station in the world at Dubai Creek Harbor. The line will be connected with other existing metro lines and is expected to have 200,000–320,000 daily passengers by 2040

Breakdown of Primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

  • By Company: Tier 1 – 35%, Tier 2 – 39%, and Tier 3 – 26%
  • By Designation: C-Level Executives – 40%, Directors– 35%, Others*–25%
  • By Region: North America – 38%, Europe – 20%, Asia Pacific – 30%, Rest of the World – 12%

Note: Tier 1 companies have revenues over USD 1 billion; tier 2 companies have revenues ranging from USD 500 million to USD 1 billion, and tier 3 companies have revenues ranging from USD 100 million to USD 500 million.

*Others include sales managers, marketing managers, and product managers.

**Rest of the World (RoW) includes MEA and Latin America.

The major players in the rail asset management market include Siemens (Germany), Alstom (France), Hitachi (Japan), Wabtec (US), IBM (US), SAP (Germany), Capgemini (France), Cisco (US), Huawei (China), Accenture (Ireland), Trimble (US), Bentley Systems (US), Atkins (UK), DXC (US), Trapeze Group (Canada), Tego (US), KONUX (Germany), L&T Technology Services (India), Cyient (India), Assetic (Australia), Machines With Vision (UK), 3Squared (UK), Uptake (US), Delphisonic (US), ZEDAS (Germany), Aitek S.p.A (Italy), Simpleway (US), GIV Solutions (US), CloudMoyo (US), and WSP (Canada). These players have adopted various growth strategies, such as partnerships, agreements, collaborations, product launches/enhancements, and acquisitions, to expand their market footprint.

鉄道資産管理市場 - 2030年までの世界予測 - ecosystem
rail-asset-management-market-new-ecosystem

Research Coverage

The rail asset management market is segmented into offering (solutions and services), application (rolling stock and infrastructure), and region. The solutions segment in the rail asset management market has been further segmented into APM, analytics, asset planning and scheduling, security, workforce management, network management, and other solutions (incident management, warranty management, and material management). The services studied under the rail asset management market include professional services (consulting, system integration and deployment, support, and maintenance) and managed services. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews, services, key strategies, new service and product launches, partnerships, agreements, collaborations, business expansions, and competitive landscape associated with the rail asset management market.

Key Benefits of Buying the Report

The report will help market leaders and new entrants with information on the closest approximations of the global rail asset management market’s revenue numbers and subsegments. It will also help stakeholders understand the competitive landscape, gain insights, and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides the following insights.

  • Analysis of key drivers (rising need for efficient rail operations, increase in government initiatives and public-private partnership model, high demographic growth and hyper-urbanization leading to an expansion in transport networks, adoption of IoT and other automation technologies to enhance optimization, rise in congestion due to aging railway infrastructure), restraints (high initial cost of deployment), opportunities (growing need for advanced transportation infrastructure, increasing demand for cloud-based services, emerging trend of smart cities), and challenges (integration complexities with legacy infrastructure, disruption in logistics and supply chain of IoT devices, data security and privacy issues related to IoT devices) influencing the growth of the rail asset management market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the rail asset management market.
  • Market Development: The report provides comprehensive information about lucrative markets, analyzing the rail asset management market across various regions.
  • Market Diversification: Comprehensive information about new products and services, untapped geographies, recent developments, and investments in the rail asset management market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Siemens (Germany), Alstom (France), Hitachi (Japan), Wabtec (US), IBM (US), SAP (Germany), Capgemini (France), Cisco (US), Huawei (China), Accenture (Ireland), Trimble (US), Bentley Systems (US), Atkins (UK), DXC (US), Trapeze Group (Canada), Tego (US), KONUX (Germany), L&T Technology Services (India), Cyient (India), Assetic (Australia), Machines With Vision (UK), 3Squared (UK), Uptake (US), Delphisonic (US), ZEDAS (Germany), Aitek S.p.A (Italy), Simpleway (US), GIV Solutions (US), CloudMoyo (US), and WSP (Canada).

Table of Contents

1               INTRODUCTION              30

1.1           STUDY OBJECTIVES       30

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   31

1.3.1        MARKET SEGMENTATION           31

1.3.2        INCLUSIONS AND EXCLUSIONS 31

1.3.3        YEARS CONSIDERED      32

1.4           CURRENCY CONSIDERED            32

1.5           STAKEHOLDERS               33

1.6           SUMMARY OF CHANGES               33

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA              34

2.1.1        SECONDARY DATA          35

2.1.2        PRIMARY DATA 35

2.1.2.1    Breakup of primaries            36

2.1.2.2    Key industry insights           37

2.2           MARKET BREAKUP AND DATA TRIANGULATION                 38

2.3           MARKET SIZE ESTIMATION         39

2.3.1        TOP-DOWN APPROACH                39

2.3.2        BOTTOM-UP APPROACH              40

2.3.3        RAIL ASSET MANAGEMENT MARKET ESTIMATION: DEMAND-SIDE ANALYSIS             42

2.4           MARKET FORECAST       43

2.5           RESEARCH ASSUMPTIONS           44

2.6           RESEARCH LIMITATIONS             44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES IN RAIL ASSET MANAGEMENT MARKET               49

4.2           EUROPE: RAIL ASSET MANAGEMENT MARKET, BY OFFERING AND COUNTRY           50

4.3           ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY OFFERING AND COUNTRY           50

5               MARKET OVERVIEW AND INDUSTRY TRENDS    51

5.1           INTRODUCTION              51

5.2           MARKET DYNAMICS       51

5.2.1        DRIVERS               52

5.2.1.1    Rising need for efficient rail operations            52

5.2.1.2    Increase in government initiatives and public-private

partnership model                 52

5.2.1.3    High demographic growth and hyper-urbanization leading to

an expansion in transport networks   52

5.2.1.4    Adoption of IoT and other automation technologies for process optimization          53

5.2.2        RESTRAINTS      54

5.2.2.1    High initial cost of deployment          54

5.2.3        OPPORTUNITIES              54

5.2.3.1    Growing need for advanced transportation infrastructure                 54

5.2.3.2    Increasing demand for cloud-based services    55

5.2.3.3    Emerging trend of smart cities           55

5.2.4        CHALLENGES    56

5.2.4.1    Integration complexities with legacy infrastructure        56

5.2.4.2    Data security and privacy issues related to IoT devices 56

5.3           INDUSTRY TRENDS         57

5.4           BRIEF HISTORY OF RAIL ASSET MANAGEMENT 57

5.4.1        1980S–1990S: LAYING THE FOUNDATIONS            57

5.4.2        2000S: RISE OF INTELLIGENT INFRASTRUCTURE                 57

5.4.3        2010S: DIGITAL TRANSFORMATION AND CONNECTIVITY                58

5.4.4        2020–PRESENT: AI-DRIVEN AND AUTONOMOUS INNOVATIONS  58

5.5           VALUE CHAIN ANALYSIS               58

5.6           RAIL ASSET MANAGEMENT MARKET: ECOSYSTEM ANALYSIS            59

5.7           PATENT ANALYSIS          61

5.8           KEY CONFERENCES AND EVENTS, 2025–2026        62

5.9           REGULATORY LANDSCAPE         63

5.9.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             63

5.9.2        KEY REGULATIONS         67

5.9.2.1    North America      67

5.9.2.1.1 SCR 17: Artificial Intelligence Bill (California)               67

5.9.2.1.2 S1103: Artificial Intelligence Automated Decision

Bill (Connecticut)                 67

5.9.2.1.3 National Artificial Intelligence Initiative Act (NAIIA)   67

5.9.2.1.4 Artificial Intelligence and Data Act (AIDA) – Canada   68

5.9.2.2    Europe   68

5.9.2.2.1 European Union (EU) – Artificial Intelligence Act (AIA)                 68

5.9.2.2.2 General Data Protection Regulation (Europe)                69

5.9.2.3    Asia Pacific            69

5.9.2.3.1 Interim Administrative Measures for Generative Artificial Intelligence Services (China)              69

5.9.2.3.2 National AI Strategy (Singapore)      70

5.9.2.3.3 Hiroshima AI Process Comprehensive Policy Framework (Japan)                 70

5.9.2.4    Middle East & Africa            71

5.9.2.4.1 National Strategy for Artificial Intelligence (UAE)        71

5.9.2.4.2 National Artificial Intelligence Strategy (Qatar)             71

5.9.2.4.3 AI Ethics Principles and Guidelines (Dubai)  71

5.9.2.5    Latin America       72

5.9.2.5.1 Santiago Declaration (Chile)              72

5.9.2.5.2 Brazilian Artificial Intelligence Strategy (EBIA)             72

5.9.2.6    ISO/IEC 73

5.9.2.6.1 ISO/IEC JTC 1     73

5.9.2.6.2 ISO/IEC 27001     73

5.9.2.6.3 ISO/IEC 19770-1 73

5.9.2.6.4 ISO/IEC JTC 1/SWG 5      73

5.9.2.6.5 ISO/IEC JTC 1/SC 31         73

5.9.2.6.6 ISO/IEC JTC 1/SC 27         73

5.9.2.6.7 ISO/IEC JTC 1/WG 7 sensors           73

5.9.2.7    GDPR    74

5.9.2.8    FMCSA  74

5.9.2.9    FHWA    74

5.9.2.10  MARAD 74

5.9.2.11  FAA        74

5.9.2.12  FRA        74

5.9.2.13  IEEE-SA 74

5.9.2.14  CEN/ISO               75

5.9.2.15  CEN/CENELEC  75

5.9.2.16  ETSI       75

5.9.2.17  ITU-T    75

5.10         PRICING MODEL ANALYSIS         75

5.10.1      INDICATIVE PRICING ANALYSIS OF RAIL ASSET MANAGEMENT

SOLUTION, 2024                76

5.11         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            77

5.12         TECHNOLOGY ANALYSIS             77

5.12.1      KEY TECHNOLOGIES     77

5.12.1.1  Internet of Things (IoT)     77

5.12.1.2  Big data analytics and cloud computing            78

5.12.1.3  Artificial intelligence (AI) & machine learning (ML)     78

5.12.1.4  Advanced signaling systems                78

5.12.1.5  Communication-based train control (CBTC) 78

5.12.2      ADJACENT TECHNOLOGIES       79

5.12.2.1  Augmented reality (AR) & virtual reality (VR)                79

5.12.2.2  Blockchain             79

5.12.2.3  Drones   79

5.12.3      COMPLEMENTARY TECHNOLOGIES       80

5.12.3.1  Edge computing   80

5.12.3.2  Digital twin            80

5.12.3.3  Cybersecurity        80

5.12.3.4  5G and wireless communication networks       80

5.13         PORTER’S FIVE FORCES MODEL                81

5.13.1      THREAT OF NEW ENTRANTS      82

5.13.2      THREAT OF SUBSTITUTES          82

5.13.3      BARGAINING POWER OF BUYERS             82

5.13.4      BARGAINING POWER OF SUPPLIERS       82

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 83

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     83

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           83

5.14.2      BUYING CRITERIA           84

5.15         USE CASES           85

5.15.1      CASE STUDY 1: SIEMENS PROVIDES MAINTENANCE SERVICES TO GOVIA THAMESLINK RAILWAY      85

5.15.2      CASE STUDY 2: UPTAKE THROUGH UPTAKE COMPASS TO AUTOMATE A NORTH AMERICAN FREIGHT RAILWAY COMPANY’S MESSY AND MISLABELED MAINTENANCE WORK ORDER DATA    85

5.15.3      CASE STUDY 3: SIEMENS TO PROVIDE MAINTENANCE SERVICES

FOR RHINE-RUHR EXPRESS         86

5.15.4      CASE STUDY 4: ASSETIC HELPED SYDNEY TRAINS VISUALIZE RAIL

ASSETS FOR OPTIMIZED ASSET MANAGEMENT 86

5.15.5      CASE STUDY 5: SIEMENS TO PROVIDE MAINTENANCE SERVICES FOR RUSSIAN RAILWAYS          87

5.15.6      CASE STUDY 6: ATLANTA STREETCAR PIONEERS A NEW APPROACH TO MANAGING ITS LIGHT-RAIL VEHICLES IN PARTNERSHIP WITH SIEMENS DIGITAL RAIL SERVICES 87

5.15.7      CASE STUDY 7: TAIWAN HIGH SPEED RAIL CORPORATION SELECTED IBM MAXIMO TO BUILD AN ADVANCED MAINTENANCE MANAGEMENT SOLUTION                 88

5.16         BEST PRACTICES IN RAIL ASSET MANAGEMENT MARKET               88

5.17         TECHNOLOGY ROADMAP FOR RAIL ASSET MANAGEMENT MARKET               89

5.17.1      SHORT-TERM ROADMAP (2023–2025)      89

5.17.2      MID-TERM ROADMAP (2026–2028)            89

5.17.3      LONG-TERM ROADMAP (2029–2030)        90

5.18         INVESTMENT AND FUNDING SCENARIO               90

5.19         BUSINESS MODELS OF RAIL ASSET MANAGEMENT                 90

5.19.1      CURRENT BUSINESS MODELS    90

5.19.2      EMERGING BUSINESS MODELS 91

5.20         IMPACT OF AI/GENERATIVE AI ON RAIL ASSET MANAGEMENT MARKET               92

5.20.1      USE CASES OF GENERATIVE AI IN RAIL ASSET MANAGEMENT 92

5.21         IMPACT OF 2025 US TARIFF – RAIL ASSET MANAGEMENT MARKET               93

5.21.1      INTRODUCTION              93

5.21.2      KEY TARIFF RATES          93

5.21.3      PRICE IMPACT ANALYSIS             94

5.21.4      IMPACT ON COUNTRY/REGION                95

5.21.4.1  US           95

5.21.4.2  Europe   96

5.21.4.3  Asia Pacific            97

5.21.5      IMPACT ON RAIL ASSET MANAGEMENT MARKET SEGMENTS         97

6               RAIL ASSET MANAGEMENT MARKET, BY OFFERING                 99

6.1           INTRODUCTION              100

6.1.1        OFFERING: MARKET DRIVERS    100

6.2           SOLUTIONS        102

6.2.1        ASSET PERFORMANCE MANAGEMENT  104

6.2.1.1    Enabling data-driven asset performance management to reduce failures and improve service quality  104

6.2.1.2    Condition monitoring          106

6.2.1.3    Predictive maintenance       107

6.2.2        ANALYTICS         109

6.2.2.1    Unlocking operational resilience through predictive rail asset management and lifecycle optimization            109

6.2.3        ASSET PLANNING & SCHEDULING           110

6.2.3.1    Enhancing asset planning and scheduling to drive rail network efficiency and cost control  110

6.2.4        SECURITY            111

6.2.4.1    Strengthening rail infrastructure security through integrated surveillance and real-time threat detection      111

6.2.5        WORKFORCE MANAGEMENT     112

6.2.5.1    Optimizing workforce management to improve field productivity and maintenance turnaround times  112

6.2.6        NETWORK MANAGEMENT           113

6.2.6.1    Streamlining rail network management to boost operational continuity and minimize service disruptions   113

6.2.7        OTHER SOLUTIONS        114

6.3           SERVICES             115

6.3.1        PROFESSIONAL SERVICES            117

6.3.1.1    Delivering expert-driven professional services to support strategic asset planning and regulatory compliance        117

6.3.1.2    Consulting & training          119

6.3.1.3    System integration & deployment      120

6.3.1.4    Support & maintenance       121

6.3.2        MANAGED SERVICES      122

6.3.2.1    Deploying managed services to ensure continuous asset monitoring and optimize lifecycle operations  122

7               RAIL ASSET MANAGEMENT MARKET, BY APPLICATION                 124

7.1           INTRODUCTION              125

7.1.1        APPLICATION: MARKET DRIVERS             125

7.2           ROLLING STOCK              126

7.2.1        IMPROVING ROLLING STOCK PERFORMANCE THROUGH CONDITION-BASED MAINTENANCE AND FLEET MODERNIZATION STRATEGIES 126

7.3           INFRASTRUCTURE          127

7.3.1        ENHANCING RAIL INFRASTRUCTURE RELIABILITY THROUGH PROACTIVE MAINTENANCE AND DIGITAL ASSET TRACKING          127

8               RAIL ASSET MANAGEMENT MARKET, BY REGION                 129

8.1           INTRODUCTION              130

8.2           NORTH AMERICA             131

8.2.1        NORTH AMERICA: MARKET DRIVERS     131

8.2.2        NORTH AMERICA: MACROECONOMIC OUTLOOK                 131

8.2.3        US           136

8.2.3.1    Increasing need for modern rail infrastructure to drive market                 136

8.2.4        CANADA               140

8.2.4.1    Government initiatives and policies to drive market      140

8.3           EUROPE               144

8.3.1        EUROPE: MARKET DRIVERS        144

8.3.2        EUROPE: MACROECONOMIC OUTLOOK               144

8.3.3        UK          148

8.3.3.1    Government investments in rail infrastructure development

to drive market      148

8.3.4        GERMANY           152

8.3.4.1    Rising need for efficient rail operations to drive market                 152

8.3.5        FRANCE                152

8.3.5.1    Advancements in robotics and adoption of IoT to drive market                 152

8.3.6        REST OF EUROPE             152

8.4           ASIA PACIFIC     153

8.4.1        ASIA PACIFIC: MARKET DRIVERS               153

8.4.2        ASIA PACIFIC: MACROECONOMIC OUTLOOK     153

8.4.3        CHINA  158

8.4.3.1    Government investments in rail infrastructure and global trade

to drive market      158

8.4.4        JAPAN   162

8.4.4.1    Increasing adoption of new technologies for rail Infrastructure

to drive market      162

8.4.5        INDIA    162

8.4.5.1    Government investments in rail infrastructure development

to drive market      162

8.4.6        AUSTRALIA & NEW ZEALAND     163

8.4.6.1    Government initiatives and policies to drive market      163

8.4.7        REST OF ASIA PACIFIC   167

8.5           MIDDLE EAST & AFRICA                167

8.5.1        MIDDLE EAST & AFRICA: MARKET DRIVERS        168

8.5.2        MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK                 168

8.5.3        NIGERIA               172

8.5.3.1    Public-private partnerships in rail infrastructure development

to drive market      172

8.5.4        SOUTH AFRICA 176

8.5.4.1    Increasing requirement for transportation services to drive market    176

8.5.5        REST OF MIDDLE EAST & AFRICA             176

8.6           LATIN AMERICA                176

8.6.1        LATIN AMERICA: MARKET DRIVERS        177

8.6.2        LATIN AMERICA: MACROECONOMIC OUTLOOK                 177

8.6.3        BRAZIL 181

8.6.3.1    Increased need for the development of rail infrastructure                 181

8.6.4        MEXICO                185

8.6.4.1    Increasing need for modern and advanced infrastructure

to drive market      185

8.6.5        REST OF LATIN AMERICA             185

9               COMPETITIVE LANDSCAPE         186

9.1           INTRODUCTION              186

9.2           KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 186

9.3           MARKET SHARE ANALYSIS, 202  188

9.4           MARKET RANKING ANALYSIS     189

9.5           REVENUE ANALYSIS, 2020–2024  191

9.6           COMPANY BENCHMARKING       191

9.7           COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 192

9.7.1        STARS   192

9.7.2        EMERGING LEADERS     192

9.7.3        PERVASIVE PLAYERS      192

9.7.4        PARTICIPANTS 192

9.7.5        COMPANY FOOTPRINT: KEY PLAYERS, 2024         193

9.7.5.1    Company footprint               193

9.7.5.2    Region footprint   195

9.7.5.3    Offering footprint 196

9.7.5.4    Application footprint            197

9.8           COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        198

9.8.1        PROGRESSIVE COMPANIES         198

9.8.2        RESPONSIVE COMPANIES            198

9.8.3        DYNAMIC COMPANIES  198

9.8.4        STARTING BLOCKS         198

9.8.5        COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 200

9.8.5.1    Detailed list of key startups/SMEs    200

9.8.5.2    Competitive benchmarking of key startups/SMEs          201

9.9           COMPETITIVE SCENARIO             202

9.9.1        PRODUCT LAUNCHES & ENHANCEMENTS           202

9.9.2        DEALS  205

9.10         BRAND/PRODUCT COMPARISON             212

9.11         COMPANY VALUATION AND FINANCIAL METRICS                 213

10            COMPANY PROFILES      214

10.1         KEY PLAYERS     214

10.1.1      SIEMENS              214

10.1.1.1  Business overview 214

10.1.1.2  Products/Solutions/Services offered 215

10.1.1.3  Recent developments           216

10.1.1.3.1                Product launches & enhancements    216

10.1.1.3.2                Deals      217

10.1.1.3.3                Other developments             217

10.1.1.4  MnM view              218

10.1.1.4.1                Key strengths        218

10.1.1.4.2                Strategic choices   218

10.1.1.4.3                Weaknesses and competitive threats 218

10.1.2      HITACHI               219

10.1.2.1  Business overview 219

10.1.2.2  Products/Solutions/Services offered 220

10.1.2.3  Recent developments           221

10.1.2.3.1                Product launches & enhancements    221

10.1.2.3.2                Deals      222

10.1.2.3.3                Other developments             223

10.1.2.4  MnM view              224

10.1.2.4.1                Key strengths        224

10.1.2.4.2                Strategic choices   225

10.1.2.4.3                Weaknesses and competitive threats 225

10.1.3      ALSTOM               226

10.1.3.1  Business overview 226

10.1.3.2  Products/Solutions/Services offered 227

10.1.3.3  Recent developments           228

10.1.3.3.1                Deals      228

10.1.3.3.2                Other developments             230

10.1.3.4  MnM view              231

10.1.3.4.1                Key strengths        231

10.1.3.4.2                Strategic choices   231

10.1.3.4.3                Weaknesses and competitive threats 231

10.1.4      IBM        232

10.1.4.1  Business overview 232

10.1.4.2  Products/Solutions/Services offered 233

10.1.4.3  Recent developments           234

10.1.4.3.1                Product launches & enhancements    234

10.1.4.3.2                Deals      234

10.1.4.4  MNM view             235

10.1.4.4.1                Key strengths        235

10.1.4.4.2                Strategic choices   235

10.1.4.4.3                Weaknesses and competitive threats 235

10.1.5      WABTEC               236

10.1.5.1  Business overview 236

10.1.5.2  Products/Solutions/Services offered 237

10.1.5.3  Recent developments           238

10.1.5.3.1                Deals      238

10.1.5.4  MnM view              240

10.1.5.4.1                Key strengths        240

10.1.5.4.2                Strategic choices   241

10.1.5.4.3                Weaknesses and competitive threats 241

10.1.6      SAP         242

10.1.6.1  Business overview 242

10.1.6.2  Products/Solutions/Services offered 243

10.1.6.3  Recent developments           244

10.1.6.3.1                Product launches & enhancements    244

10.1.7      CAPGEMINI        245

10.1.7.1  Business overview 245

10.1.7.2  Products/Solutions/Services offered 246

10.1.7.3  Recent developments           247

10.1.7.3.1                Deals      247

10.1.8      CISCO   248

10.1.8.1  Business overview 248

10.1.8.2  Products/Solutions/Services offered 249

10.1.8.3  Recent developments           250

10.1.8.3.1                Product launches & enhancements    250

10.1.8.3.2                Deals      250

10.1.9      HUAWEI               251

10.1.9.1  Business overview 251

10.1.9.2  Products/Solutions/Services offered 252

10.1.9.3  Recent developments           254

10.1.9.3.1                Product launches & enhancements    254

10.1.10   ACCENTURE      255

10.1.10.1                 Business overview 255

10.1.10.2                 Products/Solutions/Services offered 256

10.1.10.3                 Recent developments           257

10.1.10.3.1             Deals      257

10.1.11   TRIMBLE              258

10.1.12   BENTLEY SYSTEMS         260

10.1.13   ATKINS 262

10.1.14   DXC TECHNOLOGY        263

10.1.15   TRAPEZE GROUP             264

10.1.16   L&T TECHNOLOGY SERVICES    265

10.1.17   CYIENT 266

10.1.18   WSP       267

10.2         STARTUPS/SMES              268

10.2.1      3SQUARED          268

10.2.1.1  Business overview 268

10.2.1.2  Products/Solutions/Services offered 269

10.2.1.3  Recent developments           270

10.2.1.3.1                Product launches & enhancements    270

10.2.1.3.2                Deals      271

10.2.1.3.3                Other developments             272

10.2.2      TEGO    273

10.2.3      KONUX 274

10.2.4      ASSETIC               275

10.2.5      MACHINES WITH VISION              276

10.2.6      UPTAKE                277

10.2.7      DELPHISONIC   278

10.2.8      ZEDAS  279

10.2.9      SIMPLEWAY       280

10.2.10   AITEK S.P.A.       281

10.2.11   CLOUDMOYO   282

10.2.12   GIV SOLUTION 283

11            ADJACENT/RELATED MARKET  284

11.1         INTRODUCTION              284

11.1.1      LIMITATIONS    284

11.2         SMART RAILWAYS MARKET–GLOBAL FORECAST TO 2030        284

11.2.1      MARKET DEFINITION   284

11.2.2      MARKET OVERVIEW       284

11.2.3      SMART RAILWAYS MARKET, BY OFFERING           285

11.2.4      SMART RAILWAYS MARKET, BY SOLUTION          285

11.2.5      SMART RAILWAYS MARKET, BY SERVICE               287

11.2.6      SMART RAILWAYS MARKET, BY PROFESSIONAL SERVICE                 287

11.2.7      SMART RAILWAYS MARKET, BY REGION                288

11.3         RAILWAY MANAGEMENT SYSTEM MARKET – GLOBAL FORECAST TO 2025          289

11.3.1      MARKET DEFINITION   289

11.3.2      MARKET OVERVIEW       289

11.3.3      RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING           290

11.3.4      RAILWAY MANAGEMENT SYSTEM MARKET, BY SOLUTION          291

11.3.5      RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION                 291

11.4         RAILWAY PLATFORM SECURITY MARKET – GLOBAL FORECAST TO 2024          292

11.4.1      MARKET DEFINITION   292

11.4.2      MARKET OVERVIEW       292

11.4.3      RAILWAY PLATFORM SECURITY MARKET, BY COMPONENT    293

11.4.4      RAILWAY PLATFORM SECURITY MARKET, BY SOLUTION          293

11.4.5      RAILWAY PLATFORM SECURITY MARKET, BY SERVICE                 294

11.4.6      RAILWAY PLATFORM SECURITY MARKET, BY PROFESSIONAL SERVICE              294

11.4.7      RAILWAY PLATFORM SECURITY MARKET, BY APPLICATION   295

11.4.8      RAILWAY PLATFORM SECURITY MARKET, BY REGION                 295

11.5         DIGITAL RAILWAY MARKET – GLOBAL FORECAST TO 2030        296

11.5.1      MARKET DEFINITION   296

11.5.2      MARKET OVERVIEW       296

11.5.3      DIGITAL RAILWAY MARKET, BY SOLUTION         296

11.5.4      DIGITAL RAILWAY MARKET, BY SERVICE              297

11.5.5      DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE               298

11.5.6      DIGITAL RAILWAY MARKET, BY APPLICATION  299

11.5.7      DIGITAL RAILWAY MARKET, BY REGION               299

12            APPENDIX           301

12.1         DISCUSSION GUIDE        301

12.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                305

12.3         CUSTOMIZATION OPTIONS        307

12.4         RELATED REPORTS         307

12.5         AUTHOR DETAILS           308

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2020–2024            33

TABLE 2                PRIMARY INTERVIEWS  36

TABLE 3                FACTOR ANALYSIS          43

TABLE 4                RAIL ASSET MANAGEMENT MARKET ECOSYSTEM ANALYSIS  60

TABLE 5                RAIL ASSET MANAGEMENT MARKET: LIST OF TOP PATENTS, 2024         62

TABLE 6                RAIL ASSET MANAGEMENT MARKET: LIST OF KEY CONFERENCES AND

EVENTS, 2025–2026           62

TABLE 7                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 8                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           64

TABLE 9                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  65

TABLE 10              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  66

TABLE 11              INDICATIVE PRICING ANALYSIS OF RAIL ASSET MANAGEMENT SOLUTIONS,

BY KEY PLAYER, 2024      76

TABLE 12              IMPACT OF EACH FORCE ON RAIL ASSET MANAGEMENT MARKET               81

TABLE 13              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS 83

TABLE 14              KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS        84

TABLE 15              US ADJUSTED RECIPROCAL TARIFF RATES                 93

TABLE 16              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKET

DUE TO TARIFF IMPACT               94

TABLE 17              RAIL ASSET MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     101

TABLE 18              RAIL ASSET MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     101

TABLE 19             OFFERING: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            103

TABLE 20             OFFERING: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            103

TABLE 21              SOLUTIONS: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            103

TABLE 22              SOLUTIONS: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            104

TABLE 23              SOLUTIONS: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)       105

TABLE 24              SOLUTIONS: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)       105

TABLE 25              ASSET PERFORMANCE MANAGEMENT: RAIL ASSET MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   106

TABLE 26              ASSET PERFORMANCE MANAGEMENT: RAIL ASSET MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   106

TABLE 27              CONDITION MONITORING: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            107

TABLE 28              CONDITION MONITORING: RAIL ASSET MANAGEMENT MARKET BY REGION,

2025–2030 (USD MILLION)            107

TABLE 29              PREDICTIVE MAINTENANCE: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)                 108

TABLE 30              PREDICTIVE MAINTENANCE: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)                 108

TABLE 31              ANALYTICS: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            109

TABLE 32              ANALYTICS: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            109

TABLE 33              ASSET PLANNING AND SCHEDULING: RAIL ASSET MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   110

TABLE 34              ASSET PLANNING AND SCHEDULING: RAIL ASSET MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   110

TABLE 35             SECURITY: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            111

TABLE 36             SECURITY: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            112

TABLE 37              WORKFORCE MANAGEMENT: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)                 112

TABLE 38              WORKFORCE MANAGEMENT: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)                 113

TABLE 39              NETWORK MANAGEMENT: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)                 113

TABLE 40              NETWORK MANAGEMENT: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)                 114

TABLE 41              OTHER SOLUTIONS: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            114

TABLE 42              OTHER SOLUTIONS: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            115

TABLE 43             OFFERING: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            116

TABLE 44             OFFERING: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            116

TABLE 45              SERVICES: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            116

TABLE 46              SERVICES: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            116

TABLE 47              SERVICES: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION) 117

TABLE 48              SERVICES: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION) 118

TABLE 49              PROFESSIONAL SERVICES: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)                 118

TABLE 50              PROFESSIONAL SERVICES: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)                 118

TABLE 51              CONSULTING & TRAINING: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)                 119

TABLE 52              CONSULTING & TRAINING: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)                 119

TABLE 53              SYSTEM INTEGRATION & DEPLOYMENT: RAIL ASSET MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   120

TABLE 54              SYSTEM INTEGRATION & DEPLOYMENT: RAIL ASSET MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   120

TABLE 55              SUPPORT & MAINTENANCE: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)                 121

TABLE 56              SUPPORT & MAINTENANCE: RAIL ASSET MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)                 121

TABLE 57              MANAGED SERVICES: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            122

TABLE 58              MANAGED SERVICES: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            123

TABLE 59              RAIL ASSET MANAGEMENT MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              125

TABLE 60              RAIL ASSET MANAGEMENT MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              126

TABLE 61              ROLLING STOCK: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            126

TABLE 62              ROLLING STOCK: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            127

TABLE 63              INFRASTRUCTURE: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            127

TABLE 64              INFRASTRUCTURE: RAIL ASSET MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            128

TABLE 65              RAIL ASSET MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)          130

TABLE 66              RAIL ASSET MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)          131

TABLE 67              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            133

TABLE 68              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            133

TABLE 69              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            133

TABLE 70              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            134

TABLE 71              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)       134

TABLE 72              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)       134

TABLE 73              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            134

TABLE 74              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            135

TABLE 75              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)                 135

TABLE 76              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)                 135

TABLE 77              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            135

TABLE 78              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            136

TABLE 79              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            136

TABLE 80              NORTH AMERICA: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            136

TABLE 81              US: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            137

TABLE 82              US: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            137

TABLE 83              US: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            137

TABLE 84              US: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            138

TABLE 85              US: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)            138

TABLE 86              US: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)            138

TABLE 87              US: RAIL ASSET MANAGEMENT MARKET, BY SERVICE, 2020–2024 (USD MILLION)         138

TABLE 88              US: RAIL ASSET MANAGEMENT MARKET, BY SERVICE, 2025–2030 (USD MILLION)         139

TABLE 89              US: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2020–2024 (USD MILLION)            139

TABLE 90              US: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD MILLION)            139

TABLE 91              US: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            139

TABLE 92              US: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            140

TABLE 93              CANADA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            140

TABLE 94              CANADA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            140

TABLE 95              CANADA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            141

TABLE 96              CANADA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            141

TABLE 97              CANADA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)            141

TABLE 98              CANADA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)            142

TABLE 99              CANADA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            142

TABLE 100            CANADA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            142

TABLE 101            CANADA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2020–2024 (USD MILLION)            142

TABLE 102            CANADA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD MILLION)            143

TABLE 103            CANADA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            143

TABLE 104            CANADA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            143

TABLE 105            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            145

TABLE 106            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            145

TABLE 107            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            145

TABLE 108            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            146

TABLE 109            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)            146

TABLE 110            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)            146

TABLE 111            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            146

TABLE 112            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            147

TABLE 113            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2020–2024 (USD MILLION)            147

TABLE 114            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD MILLION)            147

TABLE 115            EUROPE: RAIL ASSET MANAGEMENT MARKET BY APPLICATION,

2020–2024 (USD MILLION)            147

TABLE 116            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            148

TABLE 117            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            148

TABLE 118            EUROPE: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            148

TABLE 119            UK: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            149

TABLE 120            UK: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            149

TABLE 121            UK: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            149

TABLE 122            UK: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            150

TABLE 123            UK: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)            150

TABLE 124            UK: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)            150

TABLE 125            UK: RAIL ASSET MANAGEMENT MARKET, BY SERVICE, 2020–2024 (USD MILLION)         150

TABLE 126            UK: RAIL ASSET MANAGEMENT MARKET, BY SERVICE, 2025–2030 (USD MILLION)         151

TABLE 127            UK: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2020–2024 (USD MILLION)            151

TABLE 128            UK: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD MILLION)            151

TABLE 129            UK: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            151

TABLE 130            UK: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            152

TABLE 131            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            154

TABLE 132            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            155

TABLE 133            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            155

TABLE 134            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            155

TABLE 135            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)       156

TABLE 136            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)       156

TABLE 137            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            156

TABLE 138            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            156

TABLE 139            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)                 157

TABLE 140            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)                 157

TABLE 141            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            157

TABLE 142            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            157

TABLE 143            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            158

TABLE 144            ASIA PACIFIC: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            158

TABLE 145            CHINA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            159

TABLE 146            CHINA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            159

TABLE 147            CHINA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            159

TABLE 148            CHINA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            160

TABLE 149            CHINA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)            160

TABLE 150            CHINA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)            160

TABLE 151            CHINA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            160

TABLE 152            CHINA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            161

TABLE 153            CHINA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2020–2024 (USD MILLION)            161

TABLE 154            CHINA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD MILLION)            161

TABLE 155            CHINA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            161

TABLE 156            CHINA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            162

TABLE 157            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)            164

TABLE 158            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)            164

TABLE 159            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)            164

TABLE 160            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)            165

TABLE 161            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)                165

TABLE 162            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)                165

TABLE 163            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY SERVICE, 2020–2024 (USD MILLION)                 166

TABLE 164            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET, BY SERVICE, 2025–2030 (USD MILLION)                 166

TABLE 165            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET,

BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION) 166

TABLE 166            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET,

BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION) 166

TABLE 167            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET,

BY APPLICATION, 2020–2024 (USD MILLION)       167

TABLE 168            AUSTRALIA & NEW ZEALAND: RAIL ASSET MANAGEMENT MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       167

TABLE 169            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)            168

TABLE 170            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)            169

TABLE 171            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)            169

TABLE 172            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)            169

TABLE 173            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)                170

TABLE 174            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)                170

TABLE 175            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            170

TABLE 176            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            170

TABLE 177            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION) 171

TABLE 178            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION) 171

TABLE 179            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            171

TABLE 180            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            171

TABLE 181            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            172

TABLE 182            MIDDLE EAST & AFRICA: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            172

TABLE 183            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            173

TABLE 184            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            173

TABLE 185            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            173

TABLE 186            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            174

TABLE 187            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)            174

TABLE 188            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)            174

TABLE 189            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            174

TABLE 190            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            175

TABLE 191            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2020–2024 (USD MILLION)            175

TABLE 192            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD MILLION)            175

TABLE 193            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            175

TABLE 194            NIGERIA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            176

TABLE 195            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            177

TABLE 196            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            177

TABLE 197            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            178

TABLE 198            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            178

TABLE 199            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)       178

TABLE 200            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)       179

TABLE 201            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            179

TABLE 202            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            179

TABLE 203            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)                 179

TABLE 204            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)                 180

TABLE 205            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            180

TABLE 206            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            180

TABLE 207            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            180

TABLE 208            LATIN AMERICA: RAIL ASSET MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            181

TABLE 209            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            181

TABLE 210            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            182

TABLE 211            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            182

TABLE 212            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY SOLUTION,

2025–2030 (USD MILLION)            182

TABLE 213            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2020–2024 (USD MILLION)            183

TABLE 214            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY ASSET PERFORMANCE MANAGEMENT TYPE, 2025–2030 (USD MILLION)            183

TABLE 215            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            183

TABLE 216            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            183

TABLE 217            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2020–2024 (USD MILLION)            184

TABLE 218            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD MILLION)            184

TABLE 219            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            184

TABLE 220            BRAZIL: RAIL ASSET MANAGEMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            184

TABLE 221            OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS,

2022–JUNE 2025  186

TABLE 222            RAIL ASSET MANAGEMENT MARKET: DEGREE OF COMPETITION           189

TABLE 223            RAIL ASSET MANAGEMENT MARKET: REGION FOOTPRINT       195

TABLE 224            RAIL ASSET MANAGEMENT MARKET: OFFERING FOOTPRINT       196

TABLE 225            RAIL ASSET MANAGEMENT MARKET: APPLICATION FOOTPRINT         197

TABLE 226            RAIL ASSET MANAGEMENT MARKET: LIST OF KEY STARTUPS/SMES    200

TABLE 227            RAIL ASSET MANAGEMENT MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              201

TABLE 228            RAIL ASSET MANAGEMENT MARKET: PRODUCT LAUNCHES

& ENHANCEMENTS, 2020–JULY 2025         202

TABLE 229            RAIL ASSET MANAGEMENT MARKET: DEALS, 2020–JULY 2025  205

TABLE 230            SIEMENS: COMPANY OVERVIEW               214

TABLE 231            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             215

TABLE 232            SIEMENS: PRODUCT LAUNCHES & ENHANCEMENTS             216

TABLE 233            SIEMENS: DEALS               217

TABLE 234            SIEMENS: OTHER DEVELOPMENTS         217

TABLE 235            HITACHI: COMPANY OVERVIEW               219

TABLE 236            HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED             220

TABLE 237            HITACHI: PRODUCT LAUNCHES & ENHANCEMENTS             221

TABLE 238            HITACHI: DEALS               222

TABLE 239            HITACHI: OTHER DEVELOPMENTS         223

TABLE 240            ALSTOM: COMPANY OVERVIEW                226

TABLE 241            ALSTOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             227

TABLE 242            ALSTOM: DEALS               228

TABLE 243            ALSTOM: OTHER DEVELOPMENTS         230

TABLE 244            IBM: COMPANY OVERVIEW         232

TABLE 245            IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             233

TABLE 246            IBM: PRODUCT LAUNCHES & ENHANCEMENTS                 234

TABLE 247            IBM: DEALS        234

TABLE 248            WABTEC: COMPANY OVERVIEW               236

TABLE 249            WABTEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             237

TABLE 250            WABTEC: DEALS               238

TABLE 251            SAP: COMPANY OVERVIEW         242

TABLE 252            SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED             243

TABLE 253            SAP: PRODUCT LAUNCHES & ENHANCEMENTS                 244

TABLE 254            CAPGEMINI: COMPANY OVERVIEW         245

TABLE 255            CAPGEMINI: PRODUCTS/SOLUTIONS/SERVICES OFFERED    246

TABLE 256            CAPGEMINI: DEALS        247

TABLE 257            CISCO: COMPANY OVERVIEW    248

TABLE 258            CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             249

TABLE 259            CISCO: PRODUCT LAUNCHES & ENHANCEMENTS             250

TABLE 260            CISCO: DEALS   250

TABLE 261            HUAWEI: COMPANY OVERVIEW                251

TABLE 262            HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED             252

TABLE 263            HUAWEI: PRODUCT LAUNCHES & ENHANCEMENTS             254

TABLE 264            ACCENTURE: COMPANY OVERVIEW       255

TABLE 265            ACCENTURE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    256

TABLE 266            ACCENTURE: DEALS       257

TABLE 267            3SQUARED: COMPANY OVERVIEW           268

TABLE 268            3SQUARED: PRODUCTS/SOLUTIONS/SERVICES OFFERED             269

TABLE 269            3SQUARED: PRODUCT LAUNCHES & ENHANCEMENTS             270

TABLE 270            3SQUARED: DEALS          271

TABLE 271            3SQUARED: OTHER DEVELOPMENTS     272

TABLE 272            SMART RAILWAYS MARKET, BY OFFERING, 2019–2024 (USD MILLION)       285

TABLE 273            SMART RAILWAYS MARKET, BY OFFERING, 2025–2030 (USD MILLION)       285

TABLE 274            SOLUTIONS: SMART RAILWAYS MARKET, BY TYPE, 2019–2024 (USD MILLION)                286

TABLE 275            SOLUTIONS: SMART RAILWAYS MARKET, BY TYPE, 2025–2030 (USD MILLION)                286

TABLE 276            SERVICES: SMART RAILWAYS MARKET, BY TYPE, 2019–2024 (USD MILLION)            287

TABLE 277            SERVICES: SMART RAILWAYS MARKET, BY TYPE, 2025–2030 (USD MILLION)            287

TABLE 278            PROFESSIONAL SERVICES: SMART RAILWAYS MARKET, BY TYPE,

2019–2024 (USD MILLION)            288

TABLE 279            PROFESSIONAL SERVICES: SMART RAILWAYS MARKET, BY TYPE,

2025–2030 (USD MILLION)            288

TABLE 280            SMART RAILWAYS MARKET, BY REGION, 2019–2024 (USD MILLION)       289

TABLE 281            SMART RAILWAYS MARKET, BY REGION, 2025–2030 (USD MILLION)       289

TABLE 282            RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING,

2018–2023 (USD MILLION)            290

TABLE 283            RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING,

2024–2029 (USD MILLION)            290

TABLE 284            RAILWAY MANAGEMENT SYSTEM MARKET, BY SOLUTIONS,

2018–2023 (USD MILLION)            291

TABLE 285            RAILWAY MANAGEMENT SYSTEM MARKET, BY SOLUTIONS,

2024–2029 (USD MILLION)            291

TABLE 286            RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION,

2018–2023 (USD MILLION)            292

TABLE 287            RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION,

2024–2029 (USD MILLION)            292

TABLE 288            RAILWAY PLATFORM SECURITY MARKET, BY COMPONENT,

2017–2024 (USD MILLION)            293

TABLE 289            SOLUTIONS: RAILWAY PLATFORM SECURITY MARKET, BY TYPE,

2017–2024 (USD MILLION)            294

TABLE 290            SERVICES: RAILWAY PLATFORM SECURITY MARKET, BY TYPE,

2017–2024 (USD MILLION)            294

TABLE 291            PROFESSIONAL SERVICES MARKET, BY TYPE, 2017–2024 (USD MILLION)            294

TABLE 292            RAILWAY PLATFORM SECURITY MARKET, BY APPLICATION,

2017–2024 (USD MILLION)            295

TABLE 293            RAILWAY PLATFORM SECURITY MARKET, BY REGION, 2017–2024 (USD MILLION)          295

TABLE 294            DIGITAL RAILWAY MARKET, BY SOLUTION, 2019–2024 (USD BILLION)             297

TABLE 295            DIGITAL RAILWAY MARKET, BY SOLUTION, 2025–2030 (USD BILLION)             297

TABLE 296            DIGITAL RAILWAY MARKET, BY SERVICE, 2019–2024 (USD BILLION)        297

TABLE 297            DIGITAL RAILWAY MARKET, BY SERVICE, 2025–2030 (USD BILLION)        298

TABLE 298            PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET, BY TYPE,

2019–2024 (USD BILLION)             298

TABLE 299            PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET, BY TYPE,

2025–2030 (USD BILLION)             298

TABLE 300            DIGITAL RAILWAY MARKET, BY APPLICATION, 2019–2024 (USD BILLION)             299

TABLE 301            DIGITAL RAILWAY MARKET, BY APPLICATION, 2025–2030 (USD BILLION)             299

TABLE 302            DIGITAL RAILWAY MARKET, BY REGION, 2019–2024 (USD BILLION)        300

TABLE 303            DIGITAL RAILWAY MARKET, BY REGION, 2025–2030 (USD BILLION)        300

LIST OF FIGURES

FIGURE 1              RAIL ASSET MANAGEMENT MARKET: RESEARCH DESIGN         34

FIGURE 2              DATA TRIANGULATION                38

FIGURE 3              RAIL ASSET MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES                39

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN RAIL ASSET MANAGEMENT MARKET 40

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 2 (DEMAND SIDE):

RAIL ASSET MANAGEMENT MARKET      41

FIGURE 6              MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS             42

FIGURE 7              MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH         42

FIGURE 8              RAIL ASSET MANAGEMENT MARKET, 2023–2030 (USD MILLION) 46

FIGURE 9              LEADING SEGMENTS IN RAIL ASSET MANAGEMENT MARKET IN 2025                46

FIGURE 10            RAIL ASSET MANAGEMENT MARKET ANALYSIS                 48

FIGURE 11            GROWING NEED FOR ADVANCED TRANSPORTATION INFRASTRUCTURE

TO DRIVE RAIL ASSET MANAGEMENT MARKET 49

FIGURE 12            SOLUTIONS SEGMENT AND UK TO ACCOUNT FOR SIGNIFICANT SHARES

IN EUROPEAN RAIL ASSET MANAGEMENT MARKET IN 2025                 50

FIGURE 13            SOLUTIONS SEGMENT AND CHINA TO ACCOUNT FOR SIGNIFICANT

SHARES IN ASIA PACIFIC RAIL ASSET MANAGEMENT MARKET IN 2025        50

FIGURE 14            RAIL ASSET MANAGEMENT MARKET: DRIVERS, RESTRAINTS,

OPPORTUNITIES, AND CHALLENGES     51

FIGURE 15            GLOBAL URBANIZATION TREND, 1960-2020                 53

FIGURE 16            BRIEF HISTORY OF RAIL ASSET MANAGEMENT                 57

FIGURE 17            RAIL ASSET MANAGEMENT MARKET: VALUE CHAIN ANALYSIS              58

FIGURE 18            RAIL ASSET MANAGEMENT MARKET: ECOSYSTEM       59

FIGURE 19            RAIL ASSET MANAGEMENT MARKET: PATENTS APPLIED AND

GRANTED, 2015–2025      61

FIGURE 20            AVERAGE SELLING PRICE OF RAIL ASSET MANAGEMENT SERVICES,

BY KEY PLAYER, 2024      75

FIGURE 21            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   77

FIGURE 22            RAIL ASSET MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS 81

FIGURE 23            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS 83

FIGURE 24            KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS        84

FIGURE 25            INVESTMENT IN LEADING GLOBAL RAIL ASSET MANAGEMENT,

BY STARTUPS/ SMES (USD MILLION)      90

FIGURE 26            USE CASES OF GENERATIVE AI IN RAIL ASSET MANAGEMENT 92

FIGURE 27            SERVICES SEGMENT TO REGISTER HIGHER CAGR THAN SOLUTIONS

SEGMENT FROM 2025 TO 2030    101

FIGURE 28            ANALYTICS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD          102

FIGURE 29            PREDICTIVE MAINTENANCE SEGMENT TO REGISTER HIGHER CAGR THAN CONDITION MONITORING SEGMENT DURING FORECAST PERIOD 105

FIGURE 30            MANAGED SERVICES SEGMENT TO REGISTER HIGHER CAGR THAN

PROFESSIONAL SERVICES SEGMENT DURING FORECAST PERIOD                115

FIGURE 31            SUPPORT & MAINTENANCE SEGMENT TO REGISTER HIGHEST CAGR

DURING FORECAST PERIOD       117

FIGURE 32            INFRASTRUCTURE SEGMENT TO REGISTER HIGHER CAGR THAN ROLLING

STOCK SEGMENT DURING FORECAST PERIOD 125

FIGURE 33            ASIA PACIFIC ESTIMATED TO LEAD RAIL ASSET MANAGEMENT MARKET IN 2025                130

FIGURE 34            NORTH AMERICA: MARKET SNAPSHOT 132

FIGURE 35            ASIA PACIFIC: MARKET SNAPSHOT          154

FIGURE 36            SHARES OF LEADING COMPANIES IN RAIL ASSET MANAGEMENT MARKET, 2024      188

FIGURE 37            RANKING OF KEY PLAYERS IN THE RAIL ASSET MANAGEMENT MARKET, 2024    189

FIGURE 38            REVENUE ANALYSIS OF LEADING PLAYERS, 2020–2024              191

FIGURE 39            RAIL ASSET MANAGEMENT MARKET, COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       193

FIGURE 40            RAIL ASSET MANAGEMENT MARKET: COMPANY FOOTPRINT       194

FIGURE 41            RAIL ASSET MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 199

FIGURE 42            RAIL ASSET MANAGEMENT MARKET: BRAND/PRODUCT COMPARISON             212

FIGURE 43            COMPANY VALUATION, 2025      213

FIGURE 44            FINANCIAL METRICS OF KEY VENDORS, 2025                 213

FIGURE 45            SIEMENS: COMPANY SNAPSHOT               215

FIGURE 46            HITACHI: COMPANY SNAPSHOT               220

FIGURE 47            ALSTOM: COMPANY SNAPSHOT               227

FIGURE 48            IBM: COMPANY SNAPSHOT         233

FIGURE 49            WABTEC: COMPANY SNAPSHOT               237

FIGURE 50            SAP: COMPANY SNAPSHOT         243

FIGURE 51            CAPGEMINI: COMPANY SNAPSHOT         246

FIGURE 52            CISCO: COMPANY SNAPSHOT    249

FIGURE 53            HUAWEI: COMPANY SNAPSHOT                252

FIGURE 54            ACCENTURE: COMPANY SNAPSHOT       256