Global Railway Management System Market - Revenue, Industry Trends, Demand and Growth Opportunities by 2024

Global railway management system market is expected to witness significant growth during the forecast period (2018 – 2024). Furthermore, hyper-urbanization, technological developments in railways and extensive number of initiatives undertaken by the government authorities across the globe are the major factors strengthening the growth of market worldwide. Rail control system is further sub categorized into communication-based train control solution, positive train control solution and integrated control solution. Among all these segments, therail traffic management system segment generate largest revenue to the railway management system market owing to its growing benefits such as controlling traffic of entire railway network, enforcement of laws and regulations along with providing centralized administration, enforcing regulations and traffic control of the entire rail network. Moreover, the system provides flexibility, time efficacy, increasing effectiveness of operations and improvement of risk associated at the time of disaster over the network.

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Geographically, Asia-Pacific is expected to witness fastest growth in the railway management system market, globally, during the forecast period. The extensive growth is attributed towards technological advancements, increasing investment towards digital transformation and increasing disposable income of the citizens residing in Asia-Pacific. Several countries in this region such as China, Australia, Hong Kong, Singapore, Korea and India are concentrating their investments towards technological advancements. According to a recent report, it has been indicated that approximately 30% of the investment towards rail is confined and localized in this region in APAC.

The high population growth rate in the region has intensified the need for transformation. Furthermore, increasing population and enlargement of the prevailing rail infrastructure is expected to further drive the growth of railway management system market in this region. Moreover, North America generates the largest revenue in the global market and is expected to witness high growth during the forecast period. The increasing revenue growth of railway management system market in this region is attributed towards technological advancements and extensive infrastructural development.

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The key players operatingin the railway management system market across the globe include ComputerSciences Corporation, Indra Sistemas, GE Transportation, Ansaldo STS, Alstom,Hitachi Ltd., ABB Ltd., IBM Corporation and Bombardier Inc.


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