Railway Management System Market Reach $82,973 Million by 2023 | Key Players and Growth Analysis

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 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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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.

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.

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Key Benefits:

• In-depth analysis of the global railway management system industry and dynamics is provided to understand the market scenario.

• Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist the strategists and stakeholders to capitalize on prevailing opportunities.

• 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.

• A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global railway management system industry.

• Comprehensive analyses of the trends, sub-segments, and key revenue pockets are provided.

• 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.

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