Rail Asset Management Global Market Report 2023 – By Solution (Asset Performance Management, Analytics, Asset Planning and Scheduling, Security, Workforce Management, Other Solutions), By Services (Professional Services, Managed Services), By Deployment Mode (Cloud, On premises), By Application (Rolling Stock, Infrastructure) – Market Size, Trends, And Global Forecast 2023-2032

Digital asset management (DAM) is a software-based solution that allows organizations to store, retrieve, and use digital assets quickly. Digital assets are files like videos, music, photos, documents, and other media containing the rights to use them. DAM is an organization's content sharing and storage solution. The main types of digital asset management are solutions and services. The solutions allow users to develop, manage, distribute, monitor and locate digital assets while still managing the creative process. The various deployment modes include on-premises and cloud and are employed in different enterprise sizes such as large enterprises and small and medium-sized enterprises (SMEs). It is used in sales, marketing, IT, photography, graphics and designing, others and is implemented in various verticals such as media and entertainment, BFSI, retail, healthcare, automotive and manufacturing, others. The global digital asset management market is segmented - 1) By Type: Solution, Services 2) By Deployment Type: On-Premises, Cloud 3) By Enterprise Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs) 4) By Application: Sales, Marketing, IT, Photography, Graphics and Designing, Other Applications 5) By End User: Media and Entertainment, BFSI, Retail, Healthcare, Automotive and Manufacturing, Other End Users The global digital asset management market size will grow from $5.05 billion in 2022 to $5.86 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the digital asset management is expected to grow to $10.71 billion in 2027 at a CAGR of 16.3%. The increasing prevalence of cloud-based digital asset management (DAM) solutions is projected to propel the growth of the digital asset management (DAM) market. Cloud-based digital asset management (DAM) is a platform that enables businesses to handle, store, and organize their resources in a cloud-based environment. Any organization that uses resources for packaging, marketing, advertisement, or any other business-related activity would benefit from a cloud DAM. For instance, in 2020, according to the report by Gartner Inc., a US-based technological research and consulting firm, around 80% of business owners intend to permit staff to work remotely at least occasionally and 47% stated they would permit full-time remote work for staff members which has facilitatedthe need of digital assest management solution in an organization to manage business operations remotely. Additionally, marketing teams squander approximately a day per week looking for assets, a digital asset management (DAM) recovers wasted time and can significantly increase productivity by 30–35%. Therefore, the increasing prevalence of cloud-based digital asset management (DAM) solutions drives the digital asset management (DAM) market growth. Major players in the digital asset management market are Adobe, OpenText, MediaBeacon, Aprimo, Bynder, Widen, Cognizant, CELUM, Canto, Northplains, Oracle Corporation, IBM Corporation, Nuxeo, Digizuite, Cloudinary, MediaValet, Extensis, QBNK Holding AB, Dell Technologies, IntelligenceBank, Sitecore, Wedia, Censhare, BrandMaker, Brandfolder, Bright, MarcomCentral, Filecamp, and Webdam Inc. Technological advancement is a key trend shaping the digital asset management (DAM) market. Major companies operating in the digital asset management (DAM) sector are focused on developing technologically advanced solutions for digital asset management (DAM). For instance, in July 2020, Sitecore, a US-based software company launched version 3.4 of its Sitecore Content Hub solution, which includes new and improved workflow and third-party integration capabilities. Sitecore Content Hub version 3.4 adds artificial intelligence (AI) and video technologies to its Digital Asset Management (DAM) platform, allowing for the automated production of metadata and transcripts for video, as well as time and range-based annotation, cropping, and subtitles. In April 2021, Hyland Software, a US-based software company acquired Nuxeo for an undisclosed amount. Through this acquisition, Nuxeo reinforces Hyland’s commitment to cloud-native platforms and open-source communities while expanding its global footprint with additional team members, customers, and partners. Nuxeo is a US-based company that offers digital asset management solutions. North America was the largest region in the digital asset management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital asset management (DAM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the digital asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The digital asset management market includes revenues earned by entities by providing software that automates the processes for finding, storing, and organizing the digital content of an organization to the central store and managing it to enhance business operations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital asset management (DAM) market research report is one of a series of new reports from The Business Research Company that provides digital asset management (DAM) market statistics, including digital asset management (DAM) industry global market size, regional shares, competitors with a digital asset management (DAM) market share, detailed digital asset management (DAM) market segments, market trends and opportunities, and any further data you may need to thrive in the digital asset management (DAM) industry. This digital asset management (DAM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asset integrity management (AIM) is a method that enables the asset's ability and potential to be effectively managed to mitigate and eliminate corrosion and fatigue crack degradation. It ensures that a facility's assets are designed, fabricated, procured, installed, and maintained appropriately for their intended application throughout the operation's life. The main types of services in the asset integrity management market are non-destructive testing (NDT), risk-based inspection (RBI), corrosion management, pipeline integrity management, hazard identification (HAZID), structural integrity management and others. Nondestructive Testing (NDT) is a term that refers to a group of non-invasive inspection techniques that are used to inspect material properties, parts, and whole process units. NDT checks are used in the lifecycle of a plant in the petrochemical industry. Asset integrity management relies heavily on this approach. The asset integrity management market is used in various industries such as oil and gas, power, mining, aerospace and others. The global asset integrity management market is segmented - 1) By Service Type: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Other Services Types 2) By End Use Industry: Oil And Gas, Power, Mining, Aerospace, Other End Users The global asset integrity management market size will grow from $25.51 billion in 2022 to $28.59 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the asset integrity management is expected to grow to $39.84 billion in 2027 at a CAGR of 8.6%. The growing demand for maintaining the assets is expected to fuel the growth of the asset integrity management market in the coming years. The majority of businesses are introducing asset integrity management (AIM) services because it prevents significant harm to people and the community, and improves business efficiency. For example, MISTRAS Group, a US-based provider of advanced technology-enabled asset security solutions, reported revenue of $160.8 million in the fourth quarter of 2020, an increase of 8.7% from the third quarter of 2020. Therefore, the increasing demand for asset integrity management drives the asset integrity management market growth. Major players in the asset integrity management market are SGS SA, TWI Ltd., EM&I, LifeTech Engineering Ltd., Aker Solutions ASA, Applus+, DNV GL, John Wood Group PLC, Oceaneering International Inc., Intertek Group plc, Metegrity Inc., FORCE Technology Norway AS, Bureau Veritas SA, TechnipFMC plc, Fluor Corporation, Dacon Inspection Technologies, General Electric, ABB, Siemens, TÜV SÜD, ABS Group, Velosi Asset Integrity Ltd., Axess Group, Element Materials Technology, and MISTRAS Group Inc. The launch of innovative solutions is shaping the asset integrity management market. Major companies operating in the asset integrity management sector are focused on developing technological solutions for asset integrity management. For instance, in November 2020, OMNI, part of ICR Integrity, a UK-based provider of integrated maintenance, repair, and manufacturing solutions introduced a new digital full lifecycle asset integrity management system built by industry specialists that allow businesses to track, forecast, schedule, and optimize their asset integrity management programs. In August 2022, Baker Hughes Company, a US-based multinationalindustrial service company acquired Quest Integrity for an undisclosed amount. Through this acquisition,Baker Hughes Company aims to expand its portfolio in asset inspection solutions for the energy and industrial sectors. Quest Integrity is a US-based asset integrity and reliability management solutions, provider. North America was the largest region in the asset integrity management market in 2022. The regions covered in the asset integrity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the asset integrity management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The asset integrity management (AIM) market includes revenues earned by entities by providing solutions and services such as risk-based inspection, forensic engineering & failure analysis services, laser scanning, technical inspection, asset optimiations, surveying and mapping for monitoring and maintaining an asset's capacity to carry out its intended purpose effectively and efficiently, such as a power plant, an oil rig, and refinery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The asset integrity management market research report is one of a series of new reports from The Business Research Company that provides asset integrity management market statistics, including asset integrity management industry global market size, regional shares, competitors with a asset integrity management market share, detailed asset integrity management market segments, market trends and opportunities, and any further data you may need to thrive in the asset integrity management industry. This asset integrity management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asset servicing refers to a set of tasks and activities performed by a custodian for his clients in relation to the assets in his custody. The main services offered in asset servicing are fund services, custody and accounting, outsourcing services, and securities lending. Securities lending is the process of lending shares of stock, commodities, derivative contracts, or other securities to other investors or firms. The borrower must put up collateral in the form of cash, other assets, or a letter of credit when applying for a security loan. The services are offered to large enterprises, medium-sized and small enterprises, capital markets, and wealth management firms. The global asset servicing market is segmented – 1) By Service: Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending 2) By End User: Capital Markets, Wealth Management Firms 3) By Enterprise Size: Large Enterprises, Medium and Small Enterprises The global asset servicing market size will grow from $1159.45 billion in 2022 to $1277.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global asset servicing market size is expected to grow to $1830.69 billion in 2027 at a CAGR of 9.4%. Globalization acts as a major driver for the growth of the asset servicing industry. According to a study on global asset servicing, nearly 60% of asset services in Assets Under Administration (AUA) and Assets Under Contract (AUC) predict that globalization is likely to be a strong driver for the asset servicing market’s growth over the forecast period. The players dealing in the asset servicing industry are majorly focusing on the APAC markets and other growing economies. Moreover, according to the BNP Paribas Securities Services article published in January 2020, India was expected to experience impressive growth in the asset management and servicing industry owing to the increasing working population, the rising buying power of the populace, and expected growth in the GDP of the country. Thus, globalization creates a large avenue for the expansion and growth of the asset servicing market over the forecast period. Major players in the asset servicing market are National Australia Bank Limited, CACEIS, BNY Mellon, HSBC, JP Morgan, Citi, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, UBS, and Clearstream (Deutsche Börse Group). The stringent regulatory framework is predicted to limit the growth of the asset servicing industry over the forecast period. According to Funds Europe’s asset servicing roundtable, rising global regulation is adding cost and risk to asset servicing, creating a requirement for asset servicers to constantly engage with clients and regulators. In addition to this, according to EY’s new opportunities for asset servicing study, nearly 75% of the companies see the impact of regulations as the greater risk facing the asset servicing industry. Therefore, the increased scrutiny from regulatory agencies is anticipated to hinder the asset service market’s growth in the forecast period. Robotic process automation (RPA) or automation is a major trend shaping the growth of the asset servicing market. Robotic process automation alone could reduce the headcount by 60–70% in the asset servicing industry while also achieving cost savings of approximately 30–40%. Robotic process automation (RPA) refers to a set of software tools known as bots or robots that are used to perform a repetitive or routine business process that is currently used by transaction processing teams or service centers. RPA can replace manual tasks involved in asset servicing such as reconciliation, trade processing, and reporting for regulators and clients, reducing the time required with cost-efficiency. For instance, the ANZ Banking Group was one of the early ones to adopt RPA aggressively and automated its HR, finance, and technology processes in its Bengaluru hub, creating thousands of bots. In April 2020, JP Morgan sought to take whole ownership of China International Fund Management (CIFM), a local asset management firm, for an amount of $1 billion. This step was taken following China's reforms on the elimination of caps on foreign companies' taking full control of local asset management operations. This acquisition is expected to enable JP Morgan's long-term involvement with CIFM and strengthen the company’s position in the Chinese market. China International Fund Management (CIFM) was founded in 2004 and offers asset management and related services to China. North America was the largest region in the asset servicing market in 2022. Western Europe was the second largest region in the global asset management market share. The regions covered in the global asset servicing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the asset servicing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The asset servicing market consists of revenues earned by entities by providing administration services through a central securities depository (CSD) or custodian in connection with the custody and/or safekeeping of financial instruments (e.g., the processing of corporate events or the handling of taxes) on a fee or commission basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The asset servicing research report is one of a series of new reports from The Business Research Company that provides asset servicing statistics, including asset servicing industry global market size, regional shares, competitors with asset servicing shares, detailed asset servicing segments, market trends and opportunities, and any further data you may need to thrive in the asset servicing industry. This asset servicing research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Management consulting is defined as advising and/or implementing services to organizations' management with the goal of improving the effectiveness of their business strategy, organizational performance, and operational processes. The main types of management consulting are operations advisory, financial advisory, technology advisory, strategy advisory, other consulting services, and HR advisory. HR advisory provides advice on human capital matters and/or offerings revolving around the HR function. The services are used by various industries, including IT services, manufacturing, financial services, mining, oil and gas, construction, and others. The different service providers include large enterprises, as well as small and medium-sized enterprises. The global management consulting services market is segmented - 1) By Type: Operations Advisory, Financial Advisory, Technology Advisory, Strategy Advisory, Other Consulting Services, HR Advisory 2) By End Use Industry: IT Services, Manufacturing, Financial Services, Mining And Oil & Gas, Construction, Other End Use Industries 3) By Service Provider: Large Enterprise, Small and Medium Enterprise The global management consulting services market size grew from $976.34 billion in 2022 to $1,022.24 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The market size of global management consulting services market is expected to grow from $1,184.03 billion in 2027 at a CAGR of 3.7%. Many clients of the management consulting services market are expanding globally and thus require more sophisticated and internationally-oriented services. Globalization is expected to pave the way for more joint ventures, foreign investments, global expansion, and multi-national companies setting up facilities in high-growth regions. Companies are increasingly forming joint ventures with firms in other countries to test the market. Similarly, some companies are looking to acquire an established company in a new market to minimise the risk. Furthermore, globalisation in the management consulting services industry is gaining momentum due to rapid growth in the internet, automation of consultancy processes, and developments in data security. In response to this, many domestic management consultancies have entered into new markets, collaborating with foreign groups to offer services in a wider range of countries. Major companies in the management consulting market include Accenture, Deloitte Touche Tohmatsu Limited, Total SA, PwC, Ernst & Young, KPMG, Aon P.L.C, Aon Hewitt, McKinsey & Company, and Boston Consulting Group Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a restraint on the management consulting services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province, of the People’s Republic of China and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down" and the outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the management consulting services market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Artificial intelligence (AI) and automation are revolutionising the way management consultants explore data. AI and automation help management consultants handle such processes as processing and analysing massive amounts of data more efficiently and faster than an average human. It can also provide accurate insights in the areas of businesses such as sales, operations, supply chain, and more. For example, JLL, an American professional services and investment management company specialising in real estate, leverages an AI analysis system to drastically streamline workloads. The real estate consultancy advises on client portfolios that can be made up of anything between 1 and 100,000 properties, which traditionally took professionals weeks to analyze. In the consulting area, the information gathered through AI on sales channels, customer journeys, and client behaviour can help consultants identify new opportunities and develop effective strategies for advertising campaigns. According to Euan Cameron, PwC’s UK AI Leader, AI could add huge value to the management consulting sector, which traditionally was conservative and human-driven. Western Europe was the largest region in the management consulting services market share in 2022. North America was the second largest region in the management consulting services market. The regions covered in the global management consulting services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the management consulting 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, and Vietnam. The management consulting (MCS) market consists of revenue earned by that provide a range of services providing advice and assistance on organizational planning, financial budgeting, marketing strategies, human resource practices, administration policies and production and logistics scheduling. Such services include solutions for administrative management issues, strategic and organizational planning, business process improvement, human resource and personnel policies, developing marketing planning and strategy, productivity improvement, quality assurance and quality control. Management consulting providers undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The management consulting services market research report is one of a series of new reports from The Business Research Company that provides management consulting services market statistics, including management consulting services industry global market size, regional shares, competitors with a management consulting services market share, detailed management consulting services market segments, market trends and opportunities, and any further data you may need to thrive in the management consulting services industry. This management consulting services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Aviation asset management refers to a programmatic method of proactively managing and maintaining aircraft across each aircraft’s useful life, from initial acquisition to final disposition. Aviation asset management help for cost savings, improving productivity, and reducing ownership costs within the airport. The main types of aviation asset management services are leasing services, technical services, regulatory certifications, and end-to-end. Leasing services include temporary ownership of aircraft. The different types of aircraft for aviation asset management include wide-body aircraft, narrow-body aircraft, and private jets. Aviation asset management is used by end-users, including commercial platforms and maintenance, repair, and overhaul (MRO) services. The global aviation asset management market is segmented - 1) By Service Types: Leasing Services, Technical Services, Regulatory Certifications, End-to-End 2) By Types Of Aircraft: Wide-Body Aircraft, Narrow-Body Aircraft, Private Jets 3) By End-User: Commercial Platforms, Maintenance, Repair, and Overhaul (MRO) Services The global aviation asset management market size will grow from $221.37 billion in 2022 to $237.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global aviation asset management market is expected to grow to $310.87 billion in 2027 at a CAGR of 7.0%. The increasing air passenger traffic is expected to propel the growth of the aviation asset management market going forward. Air passenger traffic refers to the number of passengers who have booked a flight. Aviation asset management helps passengers travelling in the air by reducing customer complaints and minimising users' downtime. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air traveller numbers are expected to reach 4.0 billion in 2024. Therefore, the rise in air passenger traffic is driving the aviation asset management market. Major players in the aviation asset management market are Aerdata, Airbus Group, Aercap Holdings N.V., GE Capital Aviation Services, Charles Taylor Aviation (Asset Management) Ltd., BBAM LP, Aviation Asset Management Inc., Skyworks Capital LLC, GA Telesis LLC, Acumen Aviation, Air Affairs Australia Pty Ltd., Aerotargets International LLC, Lockheed Martin Corporation, Leonardo S.P.A, Saab Ab, The Boeing Company, and Asv Global Technological advancement is a key trend gaining popularity in the aviation asset management market. Major companies in the aviation asset management market are focusing on new technologies to develop advanced asset management software solutions to strengthen their position in the market. For instance, in 2022, flydocs, a UK-based asset management solution provider, partnered with SGI Aviation Services, a Netherlands-based aviation asset management company, to develop a financial asset management software solution to cater to a diverse range of aviation asset owners through flydocs’ digitised asset management tools, maximising the value of assets with the use of technology and support. In June 2021, EnTrust Globa, a UK-based asset management firm, and SVPGlobal, a global investment firm, acquired the Aviation Investment and Asset Management business from DVB Bank Group, forming Deucalion Aviation Limited Company for an undisclosed amount. The acquisition will strengthen the businesses, creating a global leader in innovative financing solutions for airlines and leasing clients globally. Deucalion Company is a UK-based aircraft asset management company. Asia-Pacific was the largest region in the aviation asset management market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this global aviation asset management industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the aviation asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aviation asset management market includes revenues earned by entities by providing services such as maintenance and pavement management systems and enterprise resource planning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aviation asset management market research report is one of a series of new reports from The Business Research Company that provides aviation asset management market statistics, including aviation asset management industry global market size, regional shares, competitors with an aviation asset management market share, detailed aviation asset management market segments, market trends and opportunities, and any further data you may need to thrive in the aviation asset management industry. This aviation asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Enterprise asset management (EAM) refers to software, systems, and services, which are used to control and maintain the assets and equipment. EAM is a transactional workflow system designed to manage capital asset management by managing asset data and work processes. The main types of enterprise asset management are on-premise and cloud. On-premise software is installed on your company's PCs and servers locally. Enterprise asset management has applications in asset lifecycle management, inventory management, work order management, labor management, other applications that is used in energy and utilities, transportation and logistics, government and public sector, IT and telecommunications, manufacturing, healthcare and life sciences, education, and other verticals. The global enterprise asset management market is segmented - 1) By Development: On-Premise, Cloud 2) By Application: Asset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Other Applications 3) By Vertical: Energy And Utilities, Transportation And Logistics, Government And Public Sector, IT And Telecommunications, Manufacturing, Healthcare And Life Sciences, Education, Other Verticals The global enterprise asset management market size will grow from $5.75 billion in 2022 to $6.39 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise asset management is expected to grow to $9.68 billion in 2027 at a CAGR of 10.9%. Rising demand for SaaS-based EAM solutions is driving the growth of the market. SaaS-based EAM services are a cloud bases software service that helps vendors provide applications via a subscription-based model. These solutions have become a basic fundamental in the technology world for dashboards, mobile apps, asset tracking, performance management, forecasting, and regulatory compliances. The customers are increasingly investing in SaaS-based solutions over the traditional on-premise solutions, owing to various factors such as reduced time to benefit, lower costs, scalability and integration, and others. For instance, according to the study published on DevSquad in 2022, 73% of businesses are switching all systems to SaaS, and the companies are planning to increase their spending by 44% from the previous year. Major players in the enterprise asset management market are ABB Ltd., CGI Inc., IBM, Infor, Oracle, SAP, Schneider Electric SE, MRI Software LLC, Ramco Systems Limited, Rockwell Automation Inc., Ultimo Software Solutions BV, Upkeep Technologies Inc., Assetworks LLC, Bentley Systems Incorporated, and IFS. Technological advancement are shaping the enterprise asset management market. Major companies in the enterprise asset management market are focusing on expanding their developmental activities in new technologies. For instance, in March 2022, Aptean has launched a cloud-based EAM solutions including a computerized maintenance management system for manufacturing customers. Then new launch will help the customers from small and medium manufacturers to meet their asset management requirements and demands. In November 2021, COSOL Limited an Australia-based IT services provider acquired Clarita Solutions Pty Ltd for AUD 7 million ($5.23 million). The acquisition by COSOL Ltd System is focused on expanding its business units and strengthening its products portfolio, combining the technologies of the two companies and attaining a strategic advantage over the competitors. Clarita Solutions Pty Ltd is an Australia-based provider of enterprise asset management services. North America was the largest region in the enterprise asset management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise asset management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise asset management market includes revenues earned by entities by providing services such as construction industry assets, healthcare industry assets, automotive manufacturing industry assets, hotel industry assets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise asset management market research report is one of a series of new reports from The Business Research Company that provides enterprise asset management market statistics, including enterprise asset management industry global market size, regional shares, competitors with a enterprise asset management market share, detailed enterprise asset management market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise asset management industry. This enterprise asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The railway management system refers to tools and services that help better manage the rail industry. Railway management system implements information technology for improvement in efficiency, traffic planning, operation management, monitoring, decision-making, maintenance and support, and better management of railways. The main types of offerings in railway management systems are services and solutions. The railway management system services include system integration, consulting, deployment, support, and maintenance. The different components include rail operations management system, rail traffic management system, rail asset management system, rail control system, rail maintenance management system, passenger information system (PIS), rail security and involves various organization sizes such as small and medium enterprises (SMEs), large enterprise. It is deployed in several modes, including on-premise and cloud-based. The global railway management system market is segmented – 1) By Offerings: Solutions, Services 2) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprise 3) By Deployment Model: On-Premise, Cloud Based 4) By Component: Rail Operations Management System, Rail Traffic Management System, Rail Asset Management System, Rail Control System, Rail Maintenance Management System, Passenger Information System (PIS), Rail Security The global railway management system market size will grow from $38.78 billion in 2022 to $44.3 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of railway management system market is expected to grow to $65.13 billion in 2027 at a CAGR of 10.1%. Digitization and automation technologies are contributing to the growth of the railway management systems market. The railway system is complex for operations due to the involvement of a wide range of organizations, humans, and technical solutions. As a result, computerized systems are required to manage and regulate such complex environments to improve safety and speed up train movement in the congested railway network. For instance, in September 2020, Delhi Metro launched first made-in-India automatic train supervision signaling system for metro rails. Therefore, digitization and automation technologies are projected to propel the growth of the railway management system market. Major players in the railway management system market are Indra Sistemas, Ansaldo STS, Alstom, Hitachi Ltd., ABB Ltd., IBM Corporation, Siemens AG, GE Transportation, Cisco, Huawei Technologies Co. Ltd., Amadeus, Alcatel-Lucent, DXC Technology, and Eurotech. Strategic partnerships and collaborations have emerged as a key trend in the railway management systems market. Key players operating in the railway management systems sector are focused on partnerships and collaborations to extend their growth into new areas. For instance, in October 2020, Hitachi Rail STS, a US-based company, announced a partnership with BART (Bay Area Rapid Transit) for a $798 million contract to design Communications-Based Train Control (CBTC), the latest technology for digitally controlling trains with increased capacity and improved service. Also, in January 2020, Siemens, a Germany-based automation company, announced a partnership with Advanced Rail Management Corporation (Arm), a US-based railroad company, to aid the automotive supply chain with design, advanced driver assistance, in-vehicle infotainment, and verification difficulties. In January 2021, Alstom, a France-based company providing digital, traffic management, and electrification infrastructure, acquired Bombardier Transportation for an undisclosed amount. Through this acquisition, Alstom will improve its position in the burgeoning mobility sector by achieving critical mass across all geographies and integrating additional solutions and assets to better serve its clients globally. Bombardier Transportation is a Germany-based company that provides rail management systems for operations and maintenance, component repair, and service solutions. Asia-Pacific was the largest region in the railway management system market in 2022. The regions covered in the railway management system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the railway management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The railway management system market includes revenues earned by entities by facility management, revenue management, workforce management, rail automation management and rail traffic management system. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The railway management system market research report is one of a series of new reports from The Business Research Company that provides railway management system market statistics, including railway management system industry global market size, regional shares, competitors with railway management system market shares, detailed railway management system market segments, market trends and opportunities, and any further data you may need to thrive in the railway management system industry. This railway management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rail transport refers to the transportation of people and products using wheeled vehicles that are specifically made to travel along railroads. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area or over a short distance on a local rail line. The main types in the rail transport market are passenger rail transport and rail freight. Rail freight includes the services in which goods are transported by rail cars. The market is also segmented by distance into long-distance and short-distance and by destination into domestic and international. It is also segmented by the end-use industry into mining, construction, agriculture, construction, and others. The global rail transport market is segmented - 1) By Type: Passenger Rail Transport, Rail Freight 2) By Distance: Long-Distance, Short-Distance 3) By Destination: Domestic, International 4) By End-Use Industry: Mining, Construction, Agriculture, Other End Use Industries Subsegments Covered: Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport, Intermodals, Tank Wagons, Freight Cars The global rail transport market size grew from $505.41 billion in 2022 to $538.55 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rail transport market is expected to grow to $677.78 billion in 2027 at a CAGR of 5.9%. Faster Economic Growth: The rail transport services market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. Major companies in the rail transport market include China Railway Corporation, Duetsche Bahn AG, Indian Railways, JSC Russian Railways, BNSF Railway, Union Pacific Corp, Berkshire Hathaway Inc., Central Japan Railway Co, Canadian National Railway, and CSX Corp. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the rail transport market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down" and harming businesses throughout 2020 and into 2021. However, the rail transport market has started recovering from the shock. Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimise energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety. Around 60 million units of advanced driver assistance systems were produced globally. Some companies providing these systems for locomotives are Thales Group, Alstom S.A., Bombardier Transportation, Hitachi Ltd., CRRC Corporation Limited, Ansaldo STS, and SIEMENS AG. Asia-Pacific was the largest region in the rail transport market in 2022. Western Europe was the second largest region in the rail transport market. The regions covered in the rail transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rail transport market analysis 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, and Vietnam. The rail transport market includes revenues earned by entities by providing transportation because it is unaffected by traffic and adverse weather conditions and can carry large amounts of goods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rail transport market research report is one of a series of new reports from The Business Research Company that provides rail transport market statistics, including rail transport industry, market size, regional shares, competitors with a rail transport market share, detailed rail transport market segments, market trends and opportunities, and any further data you may need to thrive in the rail transport industry. This rail transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.