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

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Pages: 110
Jun 2017 | 870 Views
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Author's : Kalyani Sonawane
Tables: 19
Charts: 46
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Railway Management System Market Overview:

Railway Management System Market incorporates various tools and services that enable better management of the rail industry. It includes various activities, such as traffic planning, operation management, power supply & infrastructure management, maintenance & support, station control & communication network, rail-facility information management, and others. Furthermore, the major tools used in the global railway management industry include rail traffic management system, rail asset management system, rail operation management system, rail control system, and rail maintenance management system.

Railway management system offers better operation & control, asset management, energy management, traffic planning, staff & passenger information management, data analytics, and others. Moreover, advanced train management systems use advanced digital communication and on-train processing to keep track of speed and location of trains. Furthermore, railway management system offers disaster management, which is proven to be vital for the protection of asset and human lives.

Global Railway Management System Market Segmentation

Global Railway Management System Market Segmentation

The global railway management system market is segmented based component and geography. Based on component, it is bifurcated into solution and services. On the basis of solution, it is categorized into rail traffic management system, rail asset management system, rail operation management system, rail control system, and rail maintenance management system. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global railway management system market was valued at $29,434 million in 2016, and is expected to reach at $82,973 million by 2023, growing at a CAGR of 16.6% from 2017 to 2023. The major factors driving the market growth are high adoption of advanced technologies, traffic management, asset management, data analytics, control settings, and improved monitoring systems. The global railway traffic management system market is expected to witness significant growth during the forecast period, owing to significant surge in passengers and freight traffic across the globe.

The European railway management system market generated the highest revenue in the global market in 2016, owing to adequate technology infrastructure, high adoption of Internet of Things (IoT), and growth in demand for railway management system tools. The LAMEA railway management system market is expected to grow at the highest CAGR, owing to rise in demand for the technological upgrade in railway infrastructure from Africa and South America.

The key players operating in the global railway management system industry include 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 expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.

Top Investment Pockets

The following graph signifies the geographical growth potential of the global railway management system market. It is observed that the market has strong growth potential in LAMEA, while European market accounted for the highest share.

Railway Management System Market Top Investment Pockets

High Demand for Regional as Well as International Travel

As per the report published by International Union of Railways in 2014, the global passenger-kilometers in 2013 were 2,865.3 billion, which increased by 7.2% in 2014. This has urged government and private entities to provide novel technologies in the market to acquire maximum control over passenger traffic and freight.

Supportive Legislations from Governing Bodies

Supportive rules and regulations from the governing authorities have fueled the growth of the global railway management system market over the years. European Rail Traffic Management System (ERTMS) is the standard system for interoperation and management of signaling for railways in Europe. Furthermore, most of the countries, such as Japan, Australia, India, and others, have established safety regulations specifically for railway management.

High Investment Costs

Railway management system is a major rising trend in business intelligence and analytics as the technology is highly appreciated and used globally. However, high costs associated with the implementation of this system in the enterprise hampers the growth of the global market.

The global railway management system market by solution comprises various tools and systems offered by various players in the market. For instance, general electric offers RailConnect 360 of which asset software for rail provides novel features such as connect & monitor railroad assets, maximize train performance, and improved efficiency. The other solutions include secure station service platform, control & maintenance management, data analytics, operations management, and others.

Key Benefits

  • In-depth analysis of the global railway management system industry and dynamics is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist the strategists and stakeholders to capitalize on prevailing opportunities.
  • Porters five forces analysis examines the competitive structure of the railway management system market and provides a clear understanding of the factors that influence the market entry and expansion.
  • A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global railway management system industry.
  • Comprehensive analyses of the trends, sub-segments, and key revenue pockets are provided.
  • Detailed analyses of the key players operating in the global railway management system industry and their business strategies are anticipated to assist the stakeholders to take informed business decisions.

Railway Management System Market Key Segments:

By Deployment Model

  • Solution
    • Rail Traffic Management System
    • Rail Asset Management System
    • Rail Operation Management System
    • Rail Control System
    • Rail Maintenance Management System
  • Services

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

The Key Players Profiled in the Report are as follows:

  • Alstom SA
  • Cisco Systems, Inc.
  • General Electric
  • ABB Limited
  • IBM Corporation
  • Hitachi Limited
  • Huawei Technologies Co. Ltd.
  • Indra Sistemas SA
  • Siemens AG
  • Alcatel-Lucent
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
1.4.4. Market segmentation

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors

3.3. PORTER’S FIVE FORCES

3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Degree of competition
3.3.4. Threat of new entrants
3.3.5. Threat of substitute

3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. High demand for regional as well as international travel
3.5.1.2. Supportive legislations from governing bodies
3.5.1.3. Rapid urbanization in developing and underdeveloped countries

3.5.2. Restraints

3.5.2.1. High investment costs
3.5.2.2. Vast increase in passenger & cargo traffic

3.5.3. Opportunities

3.5.3.1. Increase in investment by private entities in government managed rail industry
3.5.3.2. High traffic on rail networks

Chapter: 4 GLOBAL RAILWAY MANAGEMENT SYSTEM MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. SOLUTION

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.2.4. Rail traffic management system

4.2.4.1. Market size and forecast

4.2.5. Rail asset management system

4.2.5.1. Market size and forecast

4.2.6. Rail operation management system

4.2.6.1. Market size and forecast

4.2.7. Rail control system

4.2.7.1. Market size and forecast

4.2.8. Rail maintenance management system

4.2.8.1. Market size and forecast

4.3. SERVICES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

Chapter: 5 RAILWAY MANAGEMENT SYSTEM MARKET, BY GEOGRAPHY

5.1. OVERVIEW
5.2. NORTH AMERICA

5.2.1. Key trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by country
5.2.4. Market size and forecast, by component
5.2.5. U.S.

5.2.5.1. Market size and forecast

5.2.6. Canada

5.2.6.1. Market size and forecast

5.2.7. Mexico

5.2.7.1. Market size and forecast

5.3. EUROPE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by country
5.3.4. Market size and forecast, by component
5.3.5. UK

5.3.5.1. Market size and forecast

5.3.6. Germany

5.3.6.1. Market size and forecast

5.3.7. France

5.3.7.1. Market size and forecast

5.3.8. Russia

5.3.8.1. Market size and forecast

5.3.9. Rest of Europe

5.3.9.1. Market size and forecast

5.4. ASIA-PACIFIC

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast, by country
5.4.4. Market size and forecast, by component
5.4.5. Australia

5.4.5.1. Market size and forecast

5.4.6. China

5.4.6.1. Market size and forecast

5.4.7. India

5.4.7.1. Market size and forecast

5.4.8. Japan

5.4.8.1. Market size and forecast

5.4.9. Rest of Asia-Pacific

5.4.9.1. Market size and forecast

5.5. LAMEA

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast, by region
5.5.4. Market size and forecast, by component
5.5.5. Latin America

5.5.5.1. Market size and forecast

5.5.6. Middle East

5.5.6.1. Market size and forecast

5.5.7. Africa

5.5.7.1. Market size and forecast

Chapter: 6 COMPANY PROFILES

6.1. ABB LIMITED

6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Business performance
6.1.4. Key strategic moves & developments

6.2. ALSTOM SA

6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Business performance
6.2.4. Key strategic moves & developments

6.3. ALCATEL-LUCENT

6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Business performance
6.3.4. Key strategic moves & developments

6.4. CISCO SYSTEMS, INC.

6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Business performance
6.4.4. Key strategic moves & developments

6.5. GENERAL ELECTRIC

6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Business performance
6.5.4. Key strategic moves & developments

6.6. HITACHI LIMITED

6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Business performance
6.6.4. Key strategic moves & developments

6.7. HUAWEI TECHNOLOGIES CO. LTD.

6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Business performance
6.7.4. Key strategic moves & developments

6.8. IBM CORPORATION

6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Business performance
6.8.4. Key strategic moves & developments

6.9. INDRA SISTEMAS SA

6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Business performance
6.9.4. Key strategic moves & developments

6.10. SIEMENS AG

6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Business performance
6.10.4. Key strategic moves & developments

LIST OF TABLES

TABLE 1. RAILWAY MANAGEMENT SYSTEM MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 2. GLOBAL RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 3. GLOBAL RAILWAY MANAGEMENT SYSTEM SOLUTION MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL RAILWAY MANAGEMENT SYSTEM SOLUTION MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 5. GLOBAL RAILWAY MANAGEMENT SYSTEM SERVICES MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 6. RAILWAY MANAGEMENT SYSTEM MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. NORTH AMERICA RAILWAY MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 8. NORTH AMERICA RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 9. EUROPE RAILWAY MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 10. EUROPE RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 11. ASIA-PACIFIC RAILWAY MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 12. ASIA-PACIFIC RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 13. LAMEA RAILWAY MANAGEMENT SYSTEM MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 14. LAMEA RAILWAY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2016-2023 ($MILLION)
TABLE 15. COMPANY SNAPSHOT: ABB LIMITED
TABLE 16. COMPANY SNAPSHOT: ALSTOM SA
TABLE 17. COMPANY SNAPSHOT: ALCATEL-LUCENT
TABLE 18. COMPANY SNAPSHOT: CISCO SYSTEMS, INC.
TABLE 19. COMPANY SNAPSHOT: GENERAL ELECTRIC
TABLE 20. COMPANY SNAPSHOT: HITACHI LIMITED
TABLE 21. COMPANY SNAPSHOT: HUAWEI TECHNOLOGIES CO. LTD.
TABLE 22. COMPANY SNAPSHOT: IBM CORPORATION
TABLE 23. COMPANY SNAPSHOT: INDRA SISTEMAS SA
TABLE 24. COMPANY SNAPSHOT: SIEMENS AG

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION: RAILWAY MANAGEMENT SYSTEM MARKET
FIGURE 2. TOP WINNING STRATEGIES, 2013-2017 (%)
FIGURE 3. TOP WINNING STRATEGIES, 2013-2017
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. TOP IMPACTING FACTORS
FIGURE 6. PORTER’S FIVE FORCES ANALYSIS
FIGURE 7. BARGAINING POWER OF BUYERS
FIGURE 8. BARGAINING POWER OF SUPPLIERS
FIGURE 9. DEGREE OF COMPETITION
FIGURE 10. THREAT OF NEW ENTRANTS
FIGURE 11. THREAT OF SUBSTITUTES
FIGURE 12. MARKET PLAYER POSITIONING, 2015
FIGURE 13. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 14. GLOBAL RAILWAY MANAGEMENT SYSTEM SOLUTION MARKET, 2016-2023 ($MILLION)
FIGURE 15. GLOBAL RAILWAY MANAGEMENT SYSTEM SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 16. GLOBAL RAILWAY MANAGEMENT SYSTEM MARKET BY GEOGRAPHY, MARKET SHARE (2016) AND CAGR (2017-2023, %)
FIGURE 17. NORTH AMERICA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 18. U.S. RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 19. CANADA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 20. MEXICO RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 21. EUROPE RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 22. UK RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 23. GERMANY RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 24. FRANCE RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 25. RUSSIA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 26. REST OF EUROPE RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 27. ASIA-PACIFIC RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 28. AUSTRALIA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 29. CHINA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 30. INDIA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 31. JAPAN RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 (MILLION)
FIGURE 32. REST OF ASIA-PACIFIC RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 33. LAMEA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 34. LATIN AMERICA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 35. MIDDLE EAST RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 36. AFRICA RAILWAY MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 37. ABB LIMITED: FINANCIAL PERFORMANCE
FIGURE 38. ALSTOM SA: FINANCIAL PERFORMANCE
FIGURE 39. ALCATEL-LUCENT: FINANCIAL PERFORMANCE
FIGURE 40. CISCO SYSTEMS, INC.: FINANCIAL PERFORMANCE
FIGURE 41. GENERAL ELECTRIC: FINANCIAL PERFORMANCE
FIGURE 42. HITACHI LIMITED: FINANCIAL PERFORMANCE
FIGURE 43. HUAWEI TECHNOLOGIES CO. LTD.: FINANCIAL PERFORMANCE
FIGURE 44. IBM CORPORATION: FINANCIAL PERFORMANCE
FIGURE 45. INDRA SISTEMAS SA: FINANCIAL PERFORMANCE
FIGURE 46. SIEMENS AG: FINANCIAL PERFORMANCE

 

The global railway management systems market is expected to grow at a significant rate of 16.6% from 2017 to 2023. The market is driven by high demand for regional and international travel, technological advancements in railway management, supportive regulations from the governing authorities, and rapid urbanization in the developing and the underdeveloped countries. Growth in need for highly efficient rail infrastructure has led to the development of high-quality solutions embedded with the advanced technology in the railway management systems. The railway traffic management, control management, and asset management are the key revenue generating segments for the rail industry across the globe. Furthermore, increased ICT expenditure on infrastructure development has improved the operation, control, and maintenance management for the railway networks.

The process automation in railway operations has increased the demand for railway management system over the years. Furthermore, high adoption of advanced technologies, traffic management, asset management, data analytics, control settings, and improved monitoring systems have fueled the growth of the global railway management systems market. Moreover, load management systems, track management systems, asset management system, train control and management, railway energy management system, planning tools, data analytics, and others facilitate efficient railway management.

The global railway management systems market is expected to reach $82,973 million by 2023. The railway traffic management systems market is expected to witness significant growth, owing to increase in demand for advanced transportation infrastructure and high demand for cloud-based services.

The services segment was the highest contributor to the global railway management systems market, in terms of revenue, while the solution segment is anticipated to witness the highest growth rate during the forecast period. Several organizations have focused on launching novel solutions in the market to increase their market share. Geographically, the European market accounted for the highest share of revenue in 2016, followed by Asia-Pacific. The LAMEA railway management systems market is anticipated to grow at the highest growth rate during the forecast period.

The key market players in the global railway management systems industry have adopted various strategies, such as product launches, partnerships, business expansions, promotional activities, and strategic alliances, to create awareness about the technology and increase their adoption across various verticals.

 

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