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Railway Management System Market Growth Projections | 2018 to 2024 - Nokia, Siemens, Toshiba, Bombardier, Cisco, DXC Technology, Huawei Technologies, IBM, Alstom, ABB, Amadeus, Ansaldo STS, Atos
Railway Management System
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Industry Growth drivers:
1. Rapid urbanization and demographic growth
2. Government funding and PPP models
3. Rising trend of smart cities
4. Growing adoption of AI and cloud-based services
5. Growing trend of IoT and digitalization in rail transport
Europe dominates the rail management system market with a revenue of USD 13.41 billion in 2017. Europe is the chief accessible railway market worldwide with the rail operators residing in this region making strategic investments for automating their railway solutions. Railway operators are also focusing on working towards the renewal of high-speed trains as well as improving the railway infrastructure and urban transportation systems. Furthermore, signaling projects are also being initiated in various countries including Poland, Netherlands, Hungry and Portugal driving the market growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.ABB
2. Alstom
3. Amadeus
4. Ansaldo STS
5. Atos SE
6. Bombardier
7. Cisco
8. DXC Technology
9. EKE-Electronics Ltd
10. Eurotech
11. Frequentis
12. General Electric
13. GAO RFID
14. Hitachi, Ltd.
15. Huawei Technologies Co., Ltd.
16. IBM
17. Indra
18. Nokia
19. OptaSense
20. Siemens AG
21. Thales Group
22. Trimble Inc.
23. Toshiba Corporation
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The on-premise deployment model holds the majority of the share in the railway management system market with a share of over 78% in 2017. These deployment models deliver enhanced flexibility in terms of data modifications, configurations and integration management driving their adoption in the market. However, the on-premise models require significant computing resources and large sensor networks due to which various rail authorities are now shifting towards cloud-based deployment models. For instance, VR a Finland based government owned railway company which operates around 6,000 kms of tracks is planning to move its all travel applications and website from on-premise to AWS cloud by the end of 2019.
The railway traffic management system dominates the railway management system market with a market revenue of over USD 7 billion in 2017. This growth is attributed to the rising demand for smart transportation services and efficient rail traffic management. These systems assist in augmenting operation efficiency and improve the level of rail automation. Companies are working with various rail networks for developing traffic management tools thereby delivering augmented passenger experience. In September 2018, ETH Zurich and Swiss Federal Railways (SBB) launched an innovate traffic management solution thereby increasing the rail traffic capacity at reduced costs.
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The leading players functioning in the railway management system market include Cisco, Nokia, Hitachi, IBM, Huawei, Alstom, ABB, Atos, Eurotech, Bombardier, Indra, Tech Mahindra, Thales, Toshiba, Trimble, Siemens, Sierra, Optasense, Frequentis, Amadeus, Ansaldo, General Electric and EKE Electronics. The companies are entering into strategic partnerships to expand their business offerings and serve a larger customer base.
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