Railway Management System Market by Global Size, Trends and Research Analysis 2021 - Alstom SA, Cisco Systems, Inc., General Electric

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.

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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.

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 railway management system market in the near future.

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Market Segmentations and Scope of the Study:

The global railway management system market is segmented based on component 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. 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 growth of railway management system market 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.

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