Railway Management System Market by Component (Solution and Services) - Global Opportunity Analysis and Industry Forecast, 2016-2023

According to a new report by Allied Market Research, titled, Railway Management System Market by Component: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global railway management system market was valued at $29,434 million in 2016, and is projected to reach $82,973 million by 2023, growing at a CAGR of 16.6% from 2017 to 2023. The solution segment is anticipated to grow at the highest growth rate during the forecast period.

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The European region was the highest revenue contributor in the global railway management system market in 2016, due to its advanced technical aspects, high adoption of IoT, and well equipped with enormous railway infrastructure. Furthermore, the urban transport and highly developed infrastructure in the key countries, such as France, Germany, UK, and Italy, have lured the key vendors into investing in technological development of railway management solutions of these regions. The LAMEA railway management systems market is expected to grow at the highest rate during the forecast period, owing to the unprecedented increase in demand for technological upgrade of railway infrastructure in Africa and South America.

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Railway Management System Market incorporates various tools and services that enable better management of the rail industry. It includes various activities, such as traffic planning, operation management, power supply & infrastructure management, maintenance & support, station control & communication network, rail-facility information management, and others. Furthermore, the major tools used in the global railway management industry include rail traffic management system, rail asset management system, rail operation management system, rail control system, and rail maintenance management system.

LIST OF TABLES
TABLE 1. RAILWAY MANAGEMENT SYSTEM MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 2. GLOBAL RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 3. GLOBAL RAILWAY MANAGEMENT SYSTEM SOLUTION MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL RAILWAY MANAGEMENT SYSTEM SOLUTION MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 5. GLOBAL RAILWAY MANAGEMENT SYSTEM SERVICES MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 6. RAILWAY MANAGEMENT SYSTEM MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. NORTH AMERICA RAILWAY MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 8. NORTH AMERICA RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 9. EUROPE RAILWAY MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 10. EUROPE RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 11. ASIA-PACIFIC RAILWAY MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 12. ASIA-PACIFIC RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 13. LAMEA RAILWAY MANAGEMENT SYSTEM MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 14. LAMEA RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 15. COMPANY SNAPSHOT: ABB LIMITED

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The key players profiled in the study are 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 adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the railway management system market.

The Key Players Profiled in the Report are as follows:
• Alstom SA
• Cisco Systems, Inc.
• General Electric
• ABB Limited
• IBM Corporation
• Hitachi Limited
• Huawei Technologies Co. Ltd.
• Indra Sistemas SA
• Siemens AG
• Alcatel-Lucent

The key market players in the global railway management systems industry have adopted various strategies, such as product launches, partnerships, business expansions, promotional activities, and strategic alliances, to create awareness about the technology and increase their adoption across various verticals.
In 2016 the railway traffic management systems segment accounted for the highest share in the market, and is expected to witness highest growth rate from 2017 to 2023, owing to high demand for rail traffic management such as traffic control, scheduling & planning, routing, signaling, and monitoring. This offers efficient solutions to increase time utilization and network capabilities. Furthermore, it regulates the traffic, offers solutions for disaster management over the network, and reduces possible delays in the operation.

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