PUBLISHER: Allied Market Research | PRODUCT CODE: 1179537
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179537
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
By Component
By Deployment Mode
By Type
By Region