According to the new research report published by The Insight Partners, titled “Railway management System Market — Global Analysis and Forecast to 2027”, the global railway management system market is expected to reach US$ 43.41 Bn in 2027, registering a CAGR of 12.9% during the forecast period 2019-2027.
In 2018, Europe was estimated to hold the largest market share, while Asia Pacific is expected to be fastest region with a CAGR of 6.7%.
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The railway management system market by solution is segmented into traffic management system, railway reservation system, operations management system, passenger information system, maintenance management system, and others. The traffic management system holds a significant share in the market in 2018 and maintenance management system is expected to be the fastest-growing solution during the forecast period. Rail traffic management comprises traffic control, signaling, routing, and train scheduling. A traffic management system creates the staff and train roasters that are based on the traffic situations. It also provides the actual diagrams for daily operations and delivers this information to the operating companies and the operation management system. A maintenance management system offers the station staff, train staff, and the maintenance staff with crucial working information related to the train operation status and the real-time diagrams. The Maintenance Management Information System (MMIS) is deployed as a system for asset information registration & management.
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The major players operating in the market for railway management system market are Bombardier, Inc, DXC Technology Company, EKE-Electronics Ltd, General Electric Company, Hitachi, Ltd., Huawei Technologies Co., Ltd., Indra Sistemas S.A., OptaSense, Siemens AG, and Thales Group among others.
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