Global Railway Management System Market was valued US$ 24.90 Bn in 2017 and is estimated to reach US$ 60.18 Bn by 2026 at a CAGR of 10.3%. Railway management system market is segmented into solution, service, and region.
Base on solution, railway management system market is divided by rail operation 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, and freight information system. The rail traffic management segment is estimated to hold the largest share of market railway management system in forecast period due to rising passengers and freight traffic across the globe.
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In terms of service, the railway management system market is classified into consulting, system integration & deployment, and support & maintenance. System integration & deployment is expected to hold the largest share of a market in forecast period due to services of system integration & deployment such as reduce deployment time, save time & cost, reduce deployment-related disruptions, and enable efficient working.
Major driving factors of railway management system market are rise in dependency of society on railway, increasing development of infrastructure, rising focus towards railway administration, safety-security, and capacity of rails, rising focus IT to develop new technologies with cost-efficiency, increasing use of IoT and rise automation, and rising growth of passenger traffic among globe and at same time high initial cost of deployment, different compliance of different countries, and complex interoperability are few of them will hamper the market in forecast period.
In terms of region, railway management system market is divided into North America, Europe, Asia Pacific, and Latin America. Asia Pacific is estimated to hold the largest share of a market in forecast period due to the rising adoption rate of new technologies, increasing investment for digital transformation, and rising GDP in the Asia Pacific.
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Key playerâ€™s studies, analyzed, profiled and benchmarked in railway management system market are Hitachi, Bombardier, Huawei, Indra Sistemas, Atos, Toshiba, Tech Mahindra, Nokia, Ansaldo, Siemens, Thales, DXC Technology, ABB, Amadeus, Alstom, Cisco, Optasence, IBM, General Electric, GAO RFID, EKE Electronics, Sierra Wireless, Eurotech, Frequentis, GE Transportation, Alcatel-Lucent, and Trimble.
The Scope of Report Railway Management System Market:
Global Railway Management System Market, by Solution:
Rail operation management system
Rail traffic management system
Rail asset management system
Rail control system
Rail maintenance management system
Rail communication and networking system
Passenger information system
Freight information system
Global Railway Management System Market, by Service:
System integration & deployment
Support & maintenance
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Global Railway Management System Market, by Region:
Middle East& Africa
Key players in the operating Global Railway Management System Market: