Railway Management System Market to 2027 - Global Analysis and Forecasts by Solution (Traffic Management System, Operations Management System, Railway Reservation System, Passenger Information System, Maintenance Management System, and Others); Services (Managed Services and Professional Services); Deployment Type (On-premise and Cloud)
Publication Month: Nov 2019 | Report Code: TIPTE100001317 | No. of Pages: 170 | Category: Technology, Media and Telecommunications | Status: Published
[Research Report] The railway management system market expected to grow from US$ 16,434.5 million in 2019 to US$ 43,416.4 million by 2027; it is estimated to grow at a CAGR of 12.9% from 2019 to 2027.
Expanding network of rail freight transport is attributing to the growth of the market. Globalization has led to increasing domestic and international trade relations between the nations. Further, as many international companies lean towards globalization and market expansions, operational challenges have become more complex than ever. The complexities have multiplied mainly due to the diverse nature of consumer demands observed in different regions of the world pertaining to any product. Further, the logistics industry gathered pace in the early part of this decade with advancements in the infrastructures, as well as increasing internet penetration among the users. Increased competitiveness in the industry is the major reason for the third party investing in automation and digitization. The increasing developments in the rail freight transportation is projected to create new growth avenues for the overall railway management system market
Lucrative Regions in Railway Management System Market
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Market Insights–Railway Management System Market
Proliferation of smart cities across the world
The intensifying trend of building smart cities and smart transportation networks denotes a burgeoning impact on the market for railway management system as most of the advancements are revolving around the public transportation networks. These systems aid in implementation of advanced data and technology in order to improve the sustainability, mobility, and efficiency of the railway networks. Recently, the Indian Ministry of Railways had entered into a strategic alliance with the Ministry of Urban Development to ensure development of smart stations as a part of India’s ongoing mission of Smart Cities. Under this, there are over 400 stations in India being redeveloped for providing advanced facilities and easier access.
Solution -Based Insights
Based on solution, the railway management system market is segmented into traffic management systems, railway reservation systems, operations management systems, passenger information systems, maintenance management systems, and others. The traffic management system segment held the largest market share in 2018.
Strategic Insights
Players operating in the railway management system market are mainly focused on the development of advanced and efficient products.
- In 2019, To support next generation rail signaling engineers and operators in gaining experience in safely managing passenger and freight rail traffic, the Pittsburgh-based Hitachi Rail STS USA has partnered with a Rail Transportation Engineering (RTE) program at Penn State Altoona. Under this, the company has donated MicroLok Wayside Control System that is used to perform both vital and nonvital management of signaling systems.
- In 2018, Bombardier Transportation has conducted a first tests of the latest wayside software of the ERTMS Level 2 solution, dubbed Baseline 3 Release 2. The pilot experiment of the BOMBARDIER INTERFLO 450 solution held on August 2018 on Sweden’s ERTMS test track as a part of the preparations for national rail upgrade with Europe.
The railway management system market has been segmented as follows:
Railway Management System Market – by Solution
- Traffic Management System
- Operations Management System
- Railway Reservation System
- Passenger Information System
- Maintenance Management System
- Others
Railway Management System Market – by Services
- Professional Services
- Managed Services
Global Railway Management System Market – By Deployment Type
- On-premises
- Cloud
Railway Management System Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- U.K
- Rest of Europe
Asia Pacific (APAC)
- Japan
- China
- Australia
- India
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Railway Management System Market – Company Profiles
- Bombardier, Inc
- DXC Technology Company
- EKE-Electronics Ltd
- General Electric Company
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- Indra Sistemas S.A.
- OptaSense
- Siemens AG
- Thales Group
The List of Companies
- Bombardier, Inc.
- DXC Technology Company
- EKE-Electronics Ltd
- General Electric Company
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- Indra Sistemas S.A.
- OptaSense
- Siemens AG
- Thales Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global railway management system market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global railway management system market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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