Insights

In a world undergoing massive digital transformation, managed services have become increasingly critical as a way for companies to focus on what is important to them. The global Managed Services market size is projected to reach USD 350 Billion by 2026, from USD 242 Billion in 2021, at a CAGR of 7.9% during 2021-2026. The scarcity of skilled IT resources, as well as cost reduction and lower IT budgets, are driving the expansion of the managed services market.

The Railway network has always been the underdog in the transportation sector. Ever since the pandemic hit the globe, the logistics industry and rail operations played a crucial role in overcoming the hurdles in shipping brought about by the pandemic. With innovative foresight, the year 2021 and ahead could be pivotal for the rail industry globally.

Our study into this topic has led us to identify the below five trends and technologies that could drive the rail industry forward.

Digital transformation roadmap has become the driving force behind every successful company.

New Ways of Internal Working is radically transforming internal processes and decision-making in organizations. Not only does it reduce costs but it also improves speed, transparency, responsive delivery, consistent synchronization, and customer improvement. This improves the interaction between retailers/suppliers and retailers to have demand for data-driven forecasting, asset management, and local order management.

Using digital solutions to transform your business.

Every enterprise is going through a massive digital transformation. In the past few years, the term digital transformation has taken over the entire world. Every company is trying to make its mark in the digital space using technologies and solutions to fulfill the needs of its customers, partners, and suppliers.