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
Report Coverage - Railway Management System Market
Report Coverage
Details
Market Size Value in
US$ 16,434.5 Million in 2019
Market Size Value by
US$ 43,416.4 Million by 2027
Growth rate
CAGR of 12.9% from 2020-2027
Forecast Period
2020-2027
Base Year
2020
No. of Pages
170
No. of Tables
82
No. of Charts & Figures
74
Historical data available
Yes
Segments covered
Solution ; Services ; Deployment Type
Regional scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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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
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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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