Enterprise Asset Management Space in Public Transport and Railways Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global enterprise asset management space in the public transport and railways market is anticipated to grow at a CAGR of nearly 9.0% during the forecast period (2022-2028).The major factor expected to drive the market growth is the increasing requirement for improved rail operations and rising demand for cloud-based solutions in transportation and railways for better safety and ease of work. Additionally, by deployment type segment, the increasing demand and awareness and benefits of cloud-based solutions such as flexibility and cost-effectiveness is making it the fastest-growing segment.

Some major players in the market include Alstom, Capgemini SE, and Siemens AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2020, Capgemini SE announced a partnership agreement with SNCF Réseau, the service provider that manages railway infrastructure. Through this partnership, the company aimed to enhance its performance and meet the increasing demand for mobility by deploying an innovative application that optimizes the supervision of its rail network with that the tool would support enhancing the regularity of traffic flows and passenger information. Furthermore, in April 2021, Hitachi Rail Ltd. announced that the company acquires Perpetuum a UK-based rail technology firm. With this acquisition, the company expands its digital innovation and sustainability offers as well as enhances customer service by leveraging Perpetuum’s data-driven insights that accelerate better journeys for passengers.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By Deployment Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape-Alstom, Capgemini SE, and Siemens AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Enterprise Asset Management Space in Public Transport and Railways Market Report by Segment

By Product Type

• Bus
• Heavy Rail
• Light Rail
• Trolley Cars

By Deployment Type

• On-Premises
• Cloud

By Application

• Private Company
• National Company