Global Railway Management System Market to reach USD 66.02 billion by 2025.
Global Railway Management System Market valued approximately USD 28 billion in 2016 is anticipated to grow with a healthy growth rate of more than 10% over the forecast period 2017-2025. A railway management system combines solutions and associated services for improving the speed, safety, and reliability of rail services, leading to the smarter utilization of railway infrastructure. Railway management systems leverage a combination and integration of technology, planning, and greater intelligence to harness the power of data to meet the consumers' demand for better services and safer travel, and help rail management authorities manage routes, schedules, and capacity on a real-time basis.
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
> Rail Operations Management System
> Rail Traffic Management System
> Rail Asset Management System
> Rail Control System
> Rail Maintenance Management System
> Rail Security
> Rail Analytics
> Freight Information System
> Passenger Information System
By Services:
> Consulting
> System Integration and Deployment
> Support and Maintenance
By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2015
Base year - 2016
Forecast period - 2017 to 2025
Some of the key manufacturers involved in the market are - Alstom, Cisco , General Electric, ABB, IBM, Hitachi, Bombardier, HUAWEI, Tech Mahindra,& Nokia.
Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Railway Management System Market In Market Study:
> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investors
