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 2025″, published by MarketsandMarkets, The global railway management system market size to grow from USD 40.8 billion in 2020 to USD 61.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.7% forecast period. Railway management system solutions have spurred tremendous growth opportunities for technology vendors and various associated service providers. Factors contributing to the high growth rate in these regions are the increasing need for efficient rail operations, rising PPP model and government initiatives, growing population and hyper-urbanization, and increasing congestion due to aging railway infrastructure. These factors are also expected to shape the future of the global railway management system market.
Browse and in-depth TOC on “Railway Management System Market”
228 – Tables
52 – Figures
249 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193193339
The solutions segment to hold a larger market size during the forecast period
The solutions segment of the railway management system market is projected to hold a larger market size during the forecast period. The solutions segment in the railway management system market is further segmented into rail asset management, track monitoring, revenue management, intelligent signaling system, route planning & scheduling, ptc, cbtc, pis, security & analytics. The incorporation of various railway management system solutions for the railway industry has become necessary for developing and establishing advanced and automated railway infrastructures.
By services, the Support and Maintenance segment to record a highest growth rate during the forecast period
The support and maintenance services include 24/7 troubleshooting assistance, upgradation of the existing freight management system solution, problem-solving, repairing, replacing failure components, proactive services, technical support by technicians, and test scenario management. The support and maintenance segment also includes facility inspection and training, and round-the-clock support for railway management system solutions. These services are widely adopted by organizations to avoid business threats and safeguard devices.
Request a Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=193193339
By region, Europe to account for the largest market size during the forecast period
Countries from Western Europe, such as the UK, France, and Germany, have well-established railway infrastructure, and various railway operators in this region use some advanced railway management system solutions. European countries have been investing majorly in the modernization and upgradation of their existing rail infrastructure. Social and trade agreements among the EU countries have promoted large-scale, cross-border trade, and passenger traffic in Europe. The high growth of the adoption of railway management system solutions is expected in the region, especially in communication technology, as the European Telecommunications Standards Institute (ETSI) has formed a separate committee to focus on the Machine-to-Machine (M2M) communication privacy standardization and high trading standard.
Major vendors in the rail asset management market include Siemens (Germany), Cisco (US), Alstom (France), Hitachi (Japan), Wabtec (US), Trimble (US), Atkins (UK), Uptake (US), Accenture (Ireland), Capgemini (France), Amadeus (Spain), Advantech (Waiwan), Thales Group (France), Eurotech (Italy), and Frequentis (Austria).
Browse Adjacent Markets @ Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com