New ARC Advisory Group research on the rail asset management market reveals that the rail industry has been continuously improving its asset maintenance strategies to obtain greatest lifetime value for rail assets.
“In this asset-intensive industry, effective asset management is key for maintaining assets, comprehending risks and expenditures over the asset lifecycle, maintaining safety and reliability at any speed, and earning a high return on investments,” said Pranav Misal, ARC Analyst and the key author of ARC’s Rail Asset Management Global Market Research 2017-2022 report.
“In the context of the new digital economy, the emerging Industrial Internet of Things-enabled technologies such as mobility, Cloud, Big Data, and analytics (including machine learning) are disrupting the legacy operations and asset management strategies of the rail operators and suppliers alike. This innovation should be leveraged to improve lifecycle, performance, safety, and reliability of critical rail assets (linear and rolling stock),” continued Misal.
About the Rail Asset Management Market Research
This ARC market research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the rail asset management market. This new research is based on ARC’s extensive primary and secondary research and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by world regions, type of assets (linear or rolling stock), type of train service, further to segmented by hardware (sensors, servers, and monitoring units), software (condition-based analysis, preventive and predictive maintenance, and reliability analysis), and services (offline maintenance, expert consultation, and support and training).
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
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Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to five years of historical data (assuming this is included) in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
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Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.