10-26-2017 12:06 PM CET - Advertising, Media Consulting, Marketing Research
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Cloud deployment of railways management system to register highest CAGR

Press release from: future market insights
PR Agency: future market insights


The trend of optimisation has spanned beyond the fields of electronics, technology and media, reaching key verticals in the transportation sector such as the railways. With the evolution of sensors and wireless connectivity, remote management of railways is becoming more accurate. Railways management systems are being developed on a range of new technologies that can potentially augment the operational performance of railways administration.

According to Future Market Insights, the global market railways management systems in anticipated to gain traction in terms of revenues over the period of next five years. During this forecast period (2017-2022), advent of new and improved technologies and subsystems will continue to transform the efficiency of railways management systems. The report projects that by the end of 2022, the global market for railways management system will be worth nearly US$ 5 billion.

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According to the report, North America is anticipated to represent the largest market for railways management systems. Robust railway infrastructure in the US, increasing interests of North American railway administration towards adoption of advanced technologies, and extended railway budgets will continue to factor the soaring adoption of railways management systems in this region through 2022.

Advanced traffic management systems for railways are expected to enable local administration adapt to the changing traffic patterns of regional railways. Management and planning of narrow track traffic will continue to be a key concern for railways administration, especially in metropolitan environments.

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The demand for operation management systems is also expected to soar in the view of increasing incidence of train collisions due to operational flaws. By 2022-end, operation management systems sold across the globe are likely to bring in over US$ 1.1 billion in revenues.

On-premise deployment of railways management system is anticipated to bring in nearly US$ 2 billion in global revenues by the end of 2017. In the approaching years, however, several railway administrations across the globe are likely to deploy railways management system through cloud-based networking models.

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About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly

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This release was published on openPR.
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