What’s Driving the Railway Management System Market trends? Key Participants ABB, Alstom, Amadeus, Atos, BOMBARDIER, Cisco, DXC Technology, General Electric, Hitachi, Huawei Technologies, IBM, Nokia, Siemens, Thales, Toshiba

The railway management system market growth is attributed to the increasing adoption of IoT and digitalization in the railway industry. IoT allows the rail operators to have proper information about the train’s location with respect to other trains to ensure passengers’ safety. It also automatically regulates the trains speed on the basis of real-time information, in turn, reducing the chances of collision driving their adoption in the railway management system market.

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The Passenger Information System (PIS) holds the highest growth potential in the railway management system market. Due to a rising competition in the market and growing passenger expectations, train operating companies are continually striving to augment passenger satisfaction by delivering more information than just departure and arrival timings. Various reference messages and advertising content are displayed on the information devices inside & outside trains, enabling passengers to know their precise location, next train stops, and other beneficial information related to the train’s path.

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

The Asia Pacific railway management system market is anticipated to grow at the fastest rate at a CAGR of over 14% over the forecast timeframe. The major factors contributing to market growth in this region include the strategic initiatives adopted by the government, which include smart cities and digitalization coupled with the increasing GDP of the Asian countries. Furthermore, as transportation infrastructure in some of the countries is still in development phases, various companies are making strategic investments in this region due to a huge growth potential driving the railway management system market demand.

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The system integration & deployment service segment dominates the railway management system market with a industry revenue of over USD 1 billion in 2017. Railway operators are working toward transforming their traditional network systems with advanced IP-based technologies. Hence, adopting efficient system integration & deployment services assist them in integrating their existing legacy systems with new technologies as well as deploying new systems for creating cost-efficient and highly-scalable & secured solutions delivering an enhanced end-to-end connectivity. These services also assist rail operators by reducing their deployment time & cost enabling, efficient work capabilities with reduced disruptions.

The cloud deployment model is growing at the fastest rate in the railway management system market due to various benefits that it offers such as ongoing software updates and easy access anywhere using the browser, making it easier for rail authorities to carry out their operations. These models are also highly secure & scalable, augmenting their demand in the railway management system market. In January 2018, Network Rail partnered with Preservica for creating a cloud-hosted digital archive developed to actively preserve and deliver secure access to important digital assets and operational information from the historical data of UK railway networks.

Table Of Content-

Chapter 3. Railway Management System Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2013-2024

3.4. Investment

3.5. Railway management system ecosystem analysis

3.5.1. Railway management system solution providers

3.5.2. Railway management system service providers

3.5.3. System integrators

3.5.4. Value-Added Resellers (VARs) and distributors

3.5.5. End users

3.6. Railway management system architecture analysis

3.7. Railway management system evolution

3.8. Technology & innovation landscape

3.8.1. Blockchain technology

3.8.2. IoT

3.8.3. Cloud computing

3.9. Regulatory landscape

3.9.1. North America

3.9.2. Europe

3.9.3. Asia Pacific

3.9.4. LAMEA

3.10. Industry impact forces

3.10.1. Growth drivers

3.10.1.1. Rapid urbanization and demographic growth

3.10.1.2. Government funding and PPP models

3.10.1.3. Rising trend of smart cities

3.10.1.4. Growing adoption of AI and cloud-based services

3.10.1.5. Growing trend of IoT and digitalization in rail transport

3.10.2. Industry Pitfalls and Challenges

3.10.2.1. Huge initial investment

3.10.2.2. Integration complexities with legacy systems

3.10.2.3. Immature market conditions

3.11. Porter’s Analysis

3.11.1. Threat of new entrants

3.11.2. Threat of substitutes

3.11.3. Bargaining power of buyer

3.11.4. Bargaining power of supplier

3.11.5. Industry rivalry

3.12. PESTEL analysis

3.13. Growth potential analysis

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The major companies working in the railway management system market include ABB, Ansaldo, EKE Electronics, Frequentis, Cisco, IBM, Nokia, Huawei, Bombardier, Indra, Toshiba, Trimble, Thales, Hitachi, Siemens, Alstom, Atos, Sierra Wireless, Thales, and Amadeus. These companies offer various rail management solutions & services to meet the growing needs of passengers.

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