LONDON, Sept. 14, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company's research report on the rail asset management market, companies operating in the rail asset market are increasingly undergoing strategic partnerships and collaboration to improve their financial position, strengthen their product portfolio, and expand the global presence of their company.
For instance, in August 2020, Hitachi Rail Ltd., an Italy-based company that offers fully integrated, rail solutions across rolling stock, signaling, operation, service & maintenance, digital technology, and turnkey acquired Perpetuum for an undisclosed amount. Perpetuum is a UK-based company that uses digital technology to optimize railway operations, improving safety, efficiency, and service quality. With the acquisition of Perpetuum, Hitachi Rail Ltd. plans to accelerate the UK digitalization strategy through advancing and digitalizing its global train maintenance program.
Major players in the rail asset management industry are Siemens, Hitachi, Wabtec, DXC Technology, L&T Technology Services, SAP, Capgemini, Cisco, Accenture, Atkins, Trimble Inc., WSP, Tego, KONUX, Oxplus, Bentley Systems, Trapeze Group, Uptake, Huawei, Cyient, Assetic, Machines With Vision, ZEDAS, SNC-Lavalin, and Bombardier.
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.
In April 2020, Cyient Limited, an India-based company focused on engineering, data analytics, network & operations, and manufacturing collaborated with Hitachi Rail to enhance the installation of signaling technology and improve Hitachi Rail's project execution capabilities. Cyient will create and run a central distribution facility for Hitachi Rail in India, as well as a regional center in the USA as part of the agreement.
Additionally, in March 2019, Kapsch CarrierCom expanded its portfolio for railway providers by building a strong partnership with 3Binfra, an Austrian rail asset management system specialist. Kapsch has been named as distributor and integrator of 3Binfra's INFRALIFE system …
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