Global Railway Management System Market - Forecasts to 2026 By Type of Solution (Rail Operations Management System [Facility Management, Revenue Management, Workforce Management, Rail Automation Management], Rail Traffic Management System [Intelligent Signalling, Real-Time Train Planning and Route Scheduling/Optimizing, Centralised Traffic Control] Rail Asset Management System [Train Information, Track Monitoring, Maintenance Management], Rail Control System [Positive Train Control, Communication- Based Train Control, Integrated Control], Rail Communication and Networking System [Ground- To- Train Communication, Train- To- Train Communication], Rail Security, Rail Analytics, Passenger Information System, Freight Information System), By Type of Service (Consulting, System Integration and Deployment, Support and Maintenance), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Railway Management System Market Insights
Factors such as rising demographic growth, increasing urbanization, developing smart cities, improved government interventions, better public-private participation, increased application of AI and adaptation to IoT, rising trend of cloud-based services, and digitalized rail transport are influencing the railway management system market growth.
In addition to these economic drivers, the railways have also proven to be advantageous in many countries by accelerating their revenue production. Railway acts as the backbone of every middle-class family all over the globe, facilitating ease and convenience. With increasing population and dependency of people on the railway, across the developing countries, the better railway management system has become a necessity. The old railway networking and infrastructure cannot fulfil the increasing requirements of the population and the adaptability to technology. And thus, improved technology and software-driven railway management system is very essential in today’s economy. Efficient railway management system ensures passenger safety, comfortable reservation procedures, public welfare, and better organisation of large capacity. Increasing technological application in this railway management system is not only benefiting the users by making the service economical but is also benefiting the operators.
Railway Management System Market: By Type of Solutions
Based on the type of solutions, the market is segmented into rail security, passenger information system, rail asset management system, rail communication and networking system, into rail traffic management system, rail operations management system, rail control system, rail analytics, and freight information system. Rail traffic management system is the largest and the fastest-growing segment globally as it helps the railway operators to bring balance in managing the train networks and minimalize the complexities among the various rail operations.
Railway Management System Market: By Type of Services
System integration & deployment, consulting, and support & maintenance are the major three type of services. System integration and deployment has been and will dominate the market as it is the much crucial aspect under the railway management system. It brings centralised working and integrates all the operating systems for smooth and efficient management. With increasing AI and technological advances, system integration and deployment is very essential for simplified management and easy delivery of services. Integrated systems and deployments bring the modernised way of tackling operational complexities, at low cost and with efficient results/outcomes.
Railway Management System Market: By End-Users
Based on end-user, the market is segregated into passenger, railway infrastructure manager/operators and the managers/ operators of rolling stocks in the railway industry. These infrastructural operations are ageing out and are replaced by technology and computerised techniques. The managers/operators of these infrastructural operations in railway are the largest end-users of the railway management system, however, with the growing population and demand for railway services, the fastest-growing end users are the passengers. With technology-driven and advanced reservation and operational management, it becomes easy for the passengers to make bookings and keep a track on train-related information through online formals of railway management systems.
Railway Management System Market: By Region
Countries like India, China and Japan are projected to dominate the market in the APAC region. With the rising government interventions and investments from the public as well as the private sector is boosting growth and demand in this region for improvised railway management system.
Railway Management System Market Share and Competitor Analysis
The key players operating in the market include Alstom, Cisco, Hitachi, Wabtec, Siemens, ABB, IBM, Huawei, Indra Sistemas, Honeywell, Fujitsu, Toshiba, Tech Mahindra, DXC Technology, Trimble, Atkins, Uptake, Accenture, Capgemini, Amadeus, Advantech, Thales Group, Eurotech, Frequentis, And Nokia Networks among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2020, Bombardier (Berlin, Germany), launched a new digital service named EBI Sense. This new launch provides efficient rail signalling through predictive maintenance by using IoT and cloud-based machine learning.
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The Global Railway Management System Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Railway Management System Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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