Railway Management System Market Growth Factors and Trends during 2019-2025
The
railway management system market size was US$ 30.00 billion in 2018 and is
projected to reach US$ +56.18 billion by 2025, at a compound annual growth rate
(CAGR) of +10.2% during the forecast period.
Railway
management system incorporates various tools and services that enable better
management of the rail industry. It includes various activities, such as
traffic planning, operation management, power supply & infrastructure
management, maintenance & support, station control & communication
network, rail-facility information management, and others. Furthermore, the
major tools used in the global railway management system market include rail
traffic management system, rail asset management system, rail operation
management system, rail control system, and rail maintenance management system.
Top Key Players:
Hitachi
(Japan),Bombardier (Canada),Huawei (China), Indra Sistemas (Spain), Atos
(France), Toshiba (Japan), Tech Mahindra (India), Nokia (Finland), Ansaldo
(Italy), Siemens (Germany), Thales (France), DXC Technology (US), ABB
(Switzerland), Amadeus (Spain), Alstom (France), Cisco (US), Optasense (UK), IBM
(US), General Electric (US), GAO RFID (Canada), EKE Electronics (Finland), Sierra
Wireless (Canada), Eurotech (Italy), Frequentis (Austria), Trimble (US)
Growing
advancements in the transportation sector coupled with the integration of
advanced technologies, such as IoT, cloud computing, and big data, are the
major factors contributing to the increasing demand for the railway management
system market. The companies are also focused on developing new solutions to
meet the increasing customer demand by having a positive impact on the market.
The growing investments in the railway sector by governments and a rise in the
number of PPP models also act as important parameters supporting the railway
management system development.
Objectives of this research report:
·
Identifying the
market needs
·
Identifying the
customers as well as potential customers
·
Gives more focus
on market growth opportunities
·
Estimation of
cost structure and market size
·
Identifying
demanding region with analysis of specific countries
The
geographical segmentation of the railway management system market entails the
dominant regions in the market during the forecast period. Information on the
region leading this market and the reasons for the dominance of this region are
also some of the aspects highlighted under this section of the report. The
competitive landscape section of the report presents the major vendors
operating in the global market. These key vendors are analyzed based on
attributes such as their product profile, product introductions, SWOT analysis,
and contact information.
Market Segmentation:
By Component
·
Solutions
·
Services
By Solution
·
Rail Operations
Management System
·
Rail Traffic
Management System
·
Rail Asset
Management System
·
Rail Control
System
·
Rail Maintenance
Management System
·
Rail
Communication and Networking System
·
Rail Security
·
Rail Analytics
·
Passenger
Information System
·
Freight
Information System
By Service
·
Consulting
·
System
Integration and Deployment
·
Support and
Maintenance
The
increasing need for this service and the growing acceptance of its concept are
likely to fuel the demand for Railway Management System market across the world
in the near future. The faster deployment of these industry and the scalability
and flexibility they offer are expected to add to their popularity over the
forecast period are clearly mentioned.
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