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2021 Global Rail Asset Management Market Size, Share, Trends, COVID-19 Impact And Growth Analysis Report
Rail Asset Management Market
The countries covered in the global rail asset management market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global rail asset management market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The rail asset management market consists of sales of rail asset management services by entities (organizations, sole traders, and partnerships) that plan, advise on and manage various kinds of rail assets. Rail assets management includes several solutions that enable improvement in the management of rail assets. It comprises several activities such as design, construction, operations, maintenance & support, traffic planning, infrastructure management, communication network, station control, rail-facility information management, among others. These solutions and services enable timely monitoring and efficient scheduling of assets with reduced downtime.
The global rail asset management market is expected to grow from $9.07 billion in 2020 to $9.85 billion in 2021 at a compound annual growth rate (CAGR) of 8.6%. The growth is in the rail asset management market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The rail asset management market is expected to reach $12.88 billion in 2025 at a CAGR of 6.9%.
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The global rail asset management market is segmented -
1) By Solution: Asset Performance Management, Analytics, Asset Planning & Scheduling, Security, Workforce Management, Others
2) By Services: Professional Services, Managed Services
3) By Deployment Mode: Cloud, On-Premises
4) By Application: Rolling Stock, Infrastructure
Major players in the rail asset management market are Siemens, Hitachi, Wabtec, DXC Technology, L&T Technology Services, SAP, Capgemini, Cisco, Atkins, Trimble Inc., WSP, Tego, KONUX, Oxplus, Bentley Systems, Trapeze Group, Uptake, Huawei, Cyient, Assetic, Machines With Vision, and SNC-Lavalin, and Bombardier.
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The Table of Contents includes:
1. Executive Summary
2. Rail Asset Management Market Characteristics
3. Rail Asset Management Market Trends And Strategies
4. Impact Of COVID-19 On Rail Asset Management
5. Rail Asset Management Market Size And Growth
.....
26. Africa Rail Asset Management Market
27. Rail Asset Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rail Asset Management Market
29. Rail Asset Management Market Future Outlook and Potential Analysis
30. Appendix
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