Railway Management System Market
The Global Railway Management System Market size is estimated to be USD 46.41 billion in 2019 and is predicted to reach USD 246.66 billion by 2030 with a CAGR of 16.4% from 2020-2030.
Railway Management System consists of various tools and application to manage the complete railway system which includes maintenance, operational management, power supply and many more on a large scale. This system also assists in the proper communication about the train location, speed tracking and also helps in the disaster management in case of emergency. It offers batter operational control, passenger information management, traffic planning and various other services and solutions in single software.
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Top Companies: Hitachi, Atos, Huawei, Nokia, Thales, Tech Mahindra, Bombardier, Ansaldo, Indra Sistemas, DXC Technology, Toshiba, Amadeus, Optasense, General Electric, Alstom, Cisco, IBM, Siemens, ABB, Frequentis, EKE Electronics, Eurotech, Gao Rfid, Trimble and others.
The global railway management system market share is analyzed on the basis of component, deployment and geography. Based on component, the market is fragmented into solution and services. The solution segment is sub segmented into Rail Operations Management System, Rail Traffic Management System, Rail Asset Management System, Rail Control System, Rail Maintenance Management System, Rail Communication and Networking System, Rail Analytics, Passenger Information System, Rail Security, and Freight Information System. The services segment is further divided into Consulting, System Integration and Deployment, and Support and Maintenance. Based on deployment, the market is divided into on-premise and cloud. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to represent the major market share over the forecast period owing to the increased adoption of advanced technology coupled with developed infrastructure and increase in tourism industry is further expected augment the growth of railway management system market over the forecast period. Asia Pacific is expected to develop rapidly over the forecast period with gradual increase in market share owing to the presence of developing economies with increase in railway projects and increase in investment by government to promote the railway industry and increase in per capita income is also expected to anticipate the growth of railway management system market.
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