Railway Management System Market by Component (Solution and Services), by Deployment (On Premise and Cloud) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Industry: ICT & Media | Publish Date: 27-Nov-2024 | No of Pages: 216 | No. of Tables: 118 | No. of Figures: 88 | Format: PDF | Report Code : IC65
Market Definition
The global Railway Management System Market size was valued at USD 37.4 billion in 2019 and is projected to reach 85.44 billion by 2030, growing at a CAGR of 7.8% from 2020 to 2030. Railway Management System consists of various tools and applications necessary for managing the smooth functioning of the entire railway system including its maintenance, operational management, power supply and many more at a large scale.
These systems also provide information regarding the precise location of the train, tracks its speed and helps in disaster management in case of an emergency. It offers batter operational control, passenger information management, traffic planning and various other services and solutions in a single platform.
Market Dynamics and Trends:
The increasing demand of travel within the country and growth in tourism industry are expected to drive the railway management system market. Furthermore, developing infrastructure with advanced technology and expansion of railway networks at a global level is expected to accelerate the market growth.
Other factors such as increase in disposable income, rising investment from government to improve the railway infrastructure and introduction of new railway projects are further expected to expand the market. However, high initial investment is expected to inhibit the growth of railway management system market. Moreover, technological advancement and increased demand of automation are expected to create ample opportunities in the global market in the near future.
Market Segmentations and Scope of the Study
The global railway management system market report is segmented based on component, deployment and geography. On the basis of component, it is bifurcated into solution and services. On the basis of solution, it is categorized into rail traffic management system, rail asset management system, rail operation management system, rail control system, and rail maintenance management system. On the basis of deployment, it is bifurcated into on premise and cloud. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
Europe holds the largest market share owing to increased adoption of advanced technology and growth in its tourism industry. Also, there is no cross-border travel restriction among countries within the European region. This is further expected to augment the railway management system market growth in this region.
Asia Pacific is expected to develop rapidly over the forecast period with gradual increase in market share owing to the presence of developing economies, increasing number of railway projects, growing government investments for promoting the railway industry and increase in per capita income.
Competitive Landscape
The key players operating in the global railway management system industry include Alstom SA, Cisco Systems, Inc., General Electric, ABB Limited, IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Indra Sistemas SA, Siemens AG, and Alcatel-Lucent. These players have expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.
Key Benefits
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In-depth analysis of the global railway management system industry and dynamics is provided to understand the market scenario.
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Quantitative analysis of the current trends and future estimations from 2020 to 2030 is provided to assist the strategists and stakeholders to capitalize on prevailing opportunities.
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Porters five forces analysis examines the competitive structure of the railway management system market and provides a clear understanding of the factors that influence the market entry and expansion.
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A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global railway management system industry.
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Comprehensive analyses of the trends, sub-segments, and key revenue pockets are provided.
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Detailed analyses of the key players operating in the global railway management system industry and their business strategies are anticipated to assist the stakeholders to take informed business decisions.
Railway Management System Market Key Segments
By Component
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Solution
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Rail Traffic Management System
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Rail Asset Management System
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Rail Operation Management System
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Rail Control System
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Rail Maintenance Management System
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-
Services
By Deployment
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On Premise
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Cloud
By Geography
- North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Italy
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Germany
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Spain
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Netherlands
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Rest of Europe
-
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Taiwan
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Vietnam
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Rest of Asia Pacific
-
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RoW
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Latin America
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Middle East
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Africa
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Key Players:
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Alstom SA
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Cisco Systems, Inc.
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General Electric
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ABB Limited
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IBM Corporation
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Hitachi Limited
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Huawei Technologies Co. Ltd.
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Indra Sistemas SA
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Siemens AG
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Alcatel-Lucent
Report Scope and Segmentation
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
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Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Component (Solution, Services), By Deployment (On Premise And Cloud) |
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Italy, Germany, Spain, Netherlands, Rest of Europe) Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Vietnam, Rest of Asia Pacific) RoW (Latin America, Middle East, Africa) |
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Companies Profiled |
Alstom SA, Cisco Systems, Inc., General Electric, ABB Limited, IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Indra Sistemas SA, Siemens AG, and Alcatel-Lucent. |
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