Explore detailed Railway Management Systemp

Explore detailed Railway
Management System Market with new innovations, Competitive Situation, Trends
and Forecast 2023

Railway Management System Market report provides detailed synopsis about opportunities, competitive
landscape, emerging technologies, key trends and dynamics.

According to a new
market research report "Railway Management System
Market by Solution (Rail
Asset Management, Track Monitoring, Revenue Management, Intelligent Signaling
System, Route Planning & Scheduling, PTC, CBTC, PIS, Security &
Analytics), Service, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Railway Management System Market size estimated to be $34.50
billion in 2018 and expected to reach $56.18 billion by 2023, growing at a
compound annual growth rate (CAGR) of 10.2% during the forecast period.

Major factors driving the
Railway Management System Market include high demographic growth,
hyper-urbanization, adoption of IoT as well as automation technologies to
enhance optimization, technological advancements in railways, and increasing
number of government initiatives and PPP models for modernization of railways.

Browse in-depth TOC on "Railway Management System Market”

89- Tables

50- Figures

171- Pages

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The rail traffic
management system segment is estimated to account for the largest market share in 2018.

The rail traffic
management system segment is estimated to account for the largest market share
in 2018. Rail traffic management systems allow centralized supervision,
enforcing regulations and traffic control of the entire rail network. This
central administration system uses real-time data over high-speed communication
links across trains and rail infrastructures to automate the traffic. Rail
traffic management involves signaling, traffic control, routing, and train
scheduling. The system offers a flexible solution to increase the network
capacity and time efficiency, regulate the flow of traffic, reduce the risk of
operational delays, and improve disaster management over the network. The
features of rail traffic management system include traffic planning, operation
management system, power supply and infrastructure, operation information for
passengers, maintenance support, and driver-only and driverless operation. This
solution segment has been further sub-divided into three segments, namely,
intelligent signaling solution, real-time train planning and route
scheduling/optimizing solution, and centralized traffic control solution.
Hence, this segment is expected to dominate the Railway Management System
Market.

System integration and
deployment segment is expected to be a larger segment in terms of market size
in the services market during the forecast period.

System integration and
deployment services help identify the need for adaptation or upgradation to
support the smart railways software in the existing infrastructures and avoid
the restriction of such software. These services help reduce deployment time,
save cost, enable efficient working, and minimize deployment-related
disruptions. Deployment and integration services begin with collecting
customers’ requirements, and then deploying, integrating, testing, and rolling
out solutions. Deployment and integration service providers help end users
integrate smart infrastructure solutions with their existing legacy
infrastructures. These services help in deploying the best-in-class solutions,
independent of the vendor, to develop highly optimized smart railways. All
these factors are fueling the adoption of system integration and deployment
services, which is expected to have the largest market size in the railway management
system.

APAC is expected to hold
the largest market size during the forecast period.

APAC is expected to
account for the largest market size during the forecast period. European
countries such as the UK, France, and Germany are mature in terms of market
growth. This is due to the increase in the adoption of new technologies, high
investments for digital transformation, and the increasing GDP in the APAC
countries. Majority of the potential economies in this region include
Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be
rapidly investing in technological transformation. In APAC, the total rail
network size is nearly 320,600 km, which constitutes approximately 28.8% of the
global rail network. According to Business Line’s latest estimates, 30% of the
global rail investment is localized in APAC. The high population growth rate in
the region has intensified the need for transformation and expansion of the
existing rail infrastructure.

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Major vendors covered in
the Railway Management System Market report include 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), and Trimble (US).

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