The trend of optimisation has spanned beyond the fields of electronics, technology and media, reaching key verticals in the transportation sector such as the railways. With the evolution of sensors and wireless connectivity, remote management of railways is becoming more accurate. Railways management systems are being developed on a range of new technologies that can potentially augment the operational performance of railways administration.
As per the geographic analysis, APAC is expected to hold the largest market share during the forecast period. This is due to the increase in the adoption of new technologies and high investments for digital transformation. The increasing GDP of the APAC countries is also expected to contribute to the market growth. Most 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.
Increasing passenger & freight traffic, unoptimized use of rail networks and inefficient management of operating & maintenance costs may pose a challenge to the market growth. Rail operations coupled with new age information and communication technology solutions are expected to help the railway management system market overcome the aforementioned challenges. Further, the need to comply with the industry safety standards in order to provide safe and reliable service is also expected to spur market demand.
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Segment by Key players:
Alstom
Cisco
General Electric
ABB
IBM
Hitachi
Bombardier
Huawei
Indra Sistemas
Siemens
Ansaldo
ATOS
Toshiba
Tech Mahindra
Nokia Networks
Thales Group
DXC Technology
Eke-Electronics
Sierra Wireless
Eurotech
Segment by Type:
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
Segment by Application:
Ordinary Railway
Rapid Transit Railway
Segment by Regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Table of Content:
Continued……
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