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Railway Management System Market by Solution, Service And Region - Global Forecast to 2023

Railway Management System Market: Global Forecast until 2023

  • July 2018
  • 173 pages
  • ID: 4499030
In this report:
EUROPE IS EXPECTED TO BE THE LEADING REGION IN TERMS OF THE GROWTH OF THE RAILWAY MANAGEMENT SYSTEM MARKET, WITH ##.##% OF THE TOTAL MARKET SHARE IN 2018, WHICH IS EXPECTED TO GROW AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.
THE RAIL TRAFFIC MANAGEMENT SYSTEM SEGMENT IS ESTIMATED TO HAVE THE LARGEST MARKET SIZE OF ##.##% IN 2018, WHICH IS EXPECTED TO GROW AT CAGR OF ##.##% DURING THE FORECAST PERIOD.

Summary

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The railway management system market is anticipated to increase at a CAGR of 10.20 percent during the forecast period.

The railway management system market size is forecasted to grow from ~$34.5B in 2018 to ~$56.2B by 2023, at a compound annual growth rate (CAGR) of 10.2% during the forecast horizon. This increase is anticipated to be fueled by the high demographic increase, hyper-urbanization, adoption of IoT as well as automation technologies to embellish optimization, technological improvements, government actions and the PPP model, and emerging trend of smart cities. The restraints for the railway management system market are operational inefficiency and growing congestion with respect to the existing railway infrastructure capacity and high initial cost of deployment.

Among solutions, the PIS segment is anticipated to witness the more significant rise rate during the estimate period.

The PIS segment is anticipated to rise at the highest compound annual growth rate (CAGR) during the outlook period.PIS is a top communication link between transportation operators and passengers.

It is an electronic operating tool that provides, at any given time, visual and acoustic information to passengers on a route, both automatically or programmed manually.Together with system reliability, safety, and general appearance, the ability of the operators to offer accurate and current information on arrival and departure times is a main component of passenger satisfaction.

PIS consists of real-time train tracking, route information and scheduling, travel planning, passenger infotainment, and online connectivity solutions.

The system integration and deployment services segment is forecasted to have the maximum growth rate during the estimate period.

The system integration and deployment services segment is anticipated to witness the more significant rise rate during the outlook period.System integration and deployment services help identify the need for adaptation or upgradation to support the smart railways software in the existing infrastructures and avoid the restriction of such software.

These services help reduce deployment time, save time and costs, enable efficient working, and minimize deployment-related disruptions.

Asia Pacific (APAC) is anticipated to grow at the quickest rate during the estimate period

As per the geographic review, the railway management system market in the APAC area is forecast to witness the quickest increase rate due to the region's nature of quickly adopting new technologies and making high investments in rail infrastructure.The rising GDP of the APAC countries is also anticipated to contribute to the market rise.

The high population increase rate in the territory has intensified the need for transformation and expansion of the existing rail infrastructure. Untapped potential industries, high penetration of advanced technologies, increasing freight usage in different industries, economic developments, and government regulations are forecast to steer the railway management system market increase at the maximal rate in Asia-Pacific during the outlook period.

The break-up of the profiles of the primary participants has been provided below:

• By Company category: Tier 1 - (40.0 percent), Tier 2 - (35.0 percent), and Tier 3 - (25.0 percent)

• By Description: C-suite - (45.0 percent), D-level - (30.0 percent), and Grade of manager - (25.0 percent)

• By Area: North America continent - (35.0 percent), Asia-Pac - (30.0 percent), Europe (EU) - (20.0 percent), and rest of the world - (15.0 percent)

Segment Research

The overall railway management system market has been broken down by solution, service, and area.An in-depth study of the regional sectors has been done to furnish business insights into the potential business opportunities across several regions.

Additionally to this, product portfolio, recent evolutions, and strategic review of vendors are some of the other MarketsandMarkets analyses included in the industry report.

Reasons to Buy the Report

The study would benefit the market top players/new sector entrants in the railway management system market in these ways:

1. The document breaks down the railway management system market comprehensively to provide the best approximations of the revenue data for the global market and its sub-segments across different areas.

2. The analysis benefits partners distinguish the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits partners comprehend their players and obtain additional insights to improve their positions in the sector.

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