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(IT-NEWSWIRE.COM, May 05, 2018 ) SUMMARY
The railway management system market size is estimated to grow from USD 29.27 Billion in 2016 to USD 57.88 Billion by 2021, at a CAGR of 14.6% during the forecast period. Some of the major factors that are driving the growth of the market include the high demographic growth & hyper-urbanization, adoption of Internet of Things (IoT), as well as, automation technologies to enhance optimization, government initiatives, and partnership models.
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The scope of this report covers the railway management system market by system & solution, service, and region. The managed services segment is expected to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. Managed services support the implementation of railway management systems and solutions, across trains & stations.
The rail traffic management system is expected to grow at the highest CAGR during the forecast period, due to the rise of demographic growth and hyper-urbanization. In addition to that, increasing awareness regarding the installation of intelligent signaling solutions is expected to drive the demand for real-time train planning and route scheduling solution and centralized traffic control solution leading towards the growth of the rail traffic management system market. The solution helps railway operators determine the future trends and patterns of transportation. It also helps in future planning and scheduling the routes to increase operational accuracy and utilization.
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As per the geographic analysis, the adoption of railway management systems across Asia-Pacific (APAC) is estimated to rise at a significant growth rate, due to increasing global competition, increasing penetration of smart devices, connected machines, and increasing investment in smart cities. In APAC, developing countries are expected to experience significant growth, primarily in urban rail and mainline infrastructure construction markets. Most of the countries in the APAC region are shifting their focus on improving safety, operational efficiency, and passenger comfort, by reducing travel time congestion. The regional analysis of the railway management system market involves the classification of systems and services into North America, Europe, APAC, MEA, and Latin America.
A few of the restraining factors that affect the growth of the railway management system market include operational efficiency & increasing congestion, complex interoperability, and high initial cost of deployment. The major railway management system and solution vendors profiled in the report include Alstom SA (Saint-Ouen, France), Cisco Systems, Inc. (San Jose, U.S.), General Electric (Connecticut, U.S.), ABB Ltd. (Zurich, Switzerland), IBM Corporation (New York, U.S.), Hitachi Limited (Tokyo, Japan), Bombardier, Inc. (Quebec, Canada), Huawei Technologies Co. Ltd. (Shenzhen, China), Indra Sistemas SA (Alcobendas, Spain), Siemens AG (Munich, Germany), Alcatel-Lucent (Paris, France), and Ansaldo STS (Genoa, Italy).
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Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
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Dani Rodriguez
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dani@researchcosmos.com
Source: EmailWire.Com 
Source: EmailWire.com
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