The Worldwide Railway Management System Industry is Expected to Reach $88.9 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Railway Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global railway management system market size reached US$ 44.31 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 88.92 Billion by 2027, exhibiting a CAGR of 12.31% during 2021-2027.

Companies Mentioned

• ABB Ltd.
• Alstom SA
• Capgemini SE
• Cisco Systems Inc.
• General Electric Company
• Hitachi Ltd.
• Huawei Technologies Co. Ltd.
• Indra Sistemas S.A.
• International Business Machines Corporation
• Nokia Corporation
• Siemens AG
• Thales Group

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A railway management system involves various tools that are designed for performing, supporting, and managing different operations effectively across the railway industry. It necessitates continuous freight operations, such as rail planning and traffic, assets, infrastructure management, operation control, station communication, and maintenance schedules.

These solutions assist in overseeing booking details, checking the availability of trains based on sources and destinations, tracking speed, analyzing data, handling cargo, and managing staff and passenger information.

Apart from this, railway management systems employ advanced digital communication and disaster management systems, which further help in delivering enhanced consumer satisfaction, while ensuring optimum security and safety. At present, it is commercially categorized based on its varying deployment models, such as on-premises and cloud.

The widespread adoption of railway management systems can be attributed to the increasing need to optimize transportation management, reduce operational costs, ensure the safety of passengers, and improve revenue. This, along with rapid urbanization, growing working population, and the increasing need for convenient transportation, particularly in developing regions, are currently driving the market growth across the globe.

In line with this, the increasing incorporation of on-train processing systems and advanced digital communications, such as railway management systems, have enabled the availability of high-speed internet connectivity and offered enhanced comfort to consumers, which is contributing to the market growth.

Additionally, government bodies of various countries are consistently upgrading existing railway infrastructure through the integration of big data analytics, intelligent sensors, and the Internet of Things (IoT), which is acting as another major growth-inducing factor.

These technologies further assists in minimizing deployment time, reducing bottlenecks, enhancing services, and facilitating efficient workflow. Apart from this, the increasing incorporation of disaster management in railway systems and the rapid establishment of smart cities across the globe are further creating a positive outlook for the market.

Key Questions Answered in This Report:

• How has the global railway management system market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global railway management system market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the deployment mode?
• What is the breakup of the market based on the organization size?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global railway management system market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Railway Management System Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Component

7 Market Breakup by Deployment Mode

8 Market Breakup by Organization Size

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/lr4fnn