Railway Management System Market Growth Report, Size and analysis

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
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 170
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[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


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.

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Railway Management System Market: Strategic Insights

railway-management-systems-market
Market Size Value inUS$ 16,434.5 Million in 2019
Market Size Value byUS$ 43,416.4 Million by 2027
Growth rateCAGR of 12.9% from 2020-2027
Forecast Period2020-2027
Base Year2020
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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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Solution ; Services ; Deployment Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. Bombardier, Inc.
  2. DXC Technology Company
  3. EKE-Electronics Ltd
  4. General Electric Company
  5. Hitachi, Ltd.
  6. Huawei Technologies Co., Ltd.
  7. Indra Sistemas S.A.
  8. OptaSense
  9. Siemens AG
  10. Thales Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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