Loading...
Cart
0

Railway Management System Market Expected to Reach $82,973 Million by 2023

 
 

quote The global railway management system market is in its growth phase, and is expected to witness average growth rate of 16.6% during the forecast period, owing to increase in demand for national and international travel, high adoption of efficient and technologically advanced transportation management solutions, and supportive regulations from the governing authorities. quote

Kalyani Sonawane
Research Analyst, ICT & Media at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report by Allied Market Research, titled, Railway Management System Market by Component: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global railway management system market was valued at $29,434 million in 2016, and is projected to reach $82,973 million by 2023, growing at a CAGR of 16.6% from 2017 to 2023. The solution segment is anticipated to grow at the highest growth rate during the forecast period.

Access Full Summary at: https://www.alliedmarketresearch.com/railway-management-system-market

The European region was the highest revenue contributor in the global railway management system market in 2016, due to its advanced technical aspects, high adoption of IoT, and well equipped with enormous railway infrastructure. Furthermore, the urban transport and highly developed infrastructure in the key countries, such as France, Germany, UK, and Italy, have lured the key vendors into investing in technological development of railway management solutions of these regions. The LAMEA railway management systems market is expected to grow at the highest rate during the forecast period, owing to the unprecedented increase in demand for technological upgrade of railway infrastructure in Africa and South America.

In 2016 the railway traffic management systems segment accounted for the highest share in the market, and is expected to witness highest growth rate from 2017 to 2023, owing to high demand for rail traffic management such as traffic control, scheduling & planning, routing, signaling, and monitoring. This offers efficient solutions to increase time utilization and network capabilities. Furthermore, it regulates the traffic, offers solutions for disaster management over the network, and reduces possible delays in the operation.

The key players profiled in the study are Alstom SA, Cisco Systems, Inc., General Electric, ABB Limited, IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Indra Sistemas SA, Siemens AG, and Alcatel-Lucent. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the railway management system market.

Key Findings of the Railway Management System Market:

  • The services segment accounted for the highest share in the global railway management system industry in 2016, growing at a CAGR of 16.1% from 2017 to 2023.
  • The railway management system solutions market is projected to grow at the highest growth rate of 17.2%.
  • The European market generated the highest share of $8,233 million, in terms of revenue, in 2016.
  • The railway traffic management system segment accounted for the highest share of revenue in 2016, and is expected to witness the highest growth rate during the forecast period.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Railway Management System Market by Component (Solution and Services) - Global Opportunity Analysis and Industry Forecast, 2016-2023 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Railway Management System Market"
Purchase Enquiry