Railway Management System Market - By Solution (Rail Asset Management, Track Management, Revenue Management, Signaling System, Route Planning & Scheduling, Security & Analytics And Others) By Platform (Cloud Based And On-Premise)- And By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Railway management system is a computerized system that includes various kinds of tools and services, which help in the better management of rail industry. The railway management system includes all the possible aspects related to rail journey from the train departure from its origin to its arrival at the destination. The Railway Management System Market is accounted approximate USD 38.32 billion in 2020 and it is expected to reach USD 102.1 billion in 2030 at a CAGR of 10.3% during the forecast period. It consist management and monitoring of train movements, train routes, diversion and signaling.  Additionally, it helps increase efficiency without compromising on customer safety. Moreover, system provides real time information to the customers, thereby enabling improved travel experience and planning.

Market Segmentation:

On the basis of solution global railway management system is segmented into rail asset management, track management, revenue management, signaling system, route planning & scheduling, security & analytics and others. Among solutions traffic management segment is anticipated to hold largest market share during forecast period. Traffic management allows centralized operation and traffic control of entire rail network.  Traffic management involves signaling, route planning and scheduling, tracking. On the basis of platform global railway management system is bifurcated into two types that is cloud based and on-premises. According to the research study approximate 53.2% of the total global railway management system market is occupied by cloud based platform, and it is anticipated to grow with a CAGR of 9.7% during the forecast period. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

The global railway management system market is driven by increased demand for dynamic, better and swift transport mode. Moreover, technological advancement, rising adoption of AI, rising adoption of digitalization and cloud based services is anticipated to boost the market. The initial cost involved in the deployment of railway management system is very high and the expenses involved in financing it can restraint the market growth. Additionally, high maintenance and operational cost after the deployment are also the high concern for railway authorities can restrain the market growth. Adoption of the latest communication and information technology solutions by the service providers can strengthen their position in the global railway management system market.

Geographic Analysis:

North America is anticipated to be dominant region in the global market. Technological advancement and digitalization are the driving factors for dominating the region. Asia Pacific is estimated to hold largest share of market during forecast period, due to rising adoption of new technologies, increasing investment in digitalization, increasing GDP in APAC countries, rapidly investing in technological transformation. Additionally, technological expansion in railway industry and vigorous demand for railway management system are driving the market in Asia Pacific region.

Competitive Scenario:

Some of the key players in global railway management system are Hitachi Ltd. (Japan)., Tech Mahindra ltd. (India), Huawei technologies co.Ltd (China), Toshiba corporation(Japan), Siemens AG (Germany), Cisco System Inc.(US), Sierra wireless, Inc. (Canada), IBM Corporation (NY), DXC Technology (US).

Railway Management System Market Report Scope