Railway Management System Market Size By Component (Solution [Rail Operation Management System {Facility Management Solution, Revenue Management Solution, Ticketing Management Solution, Workforce Management Solution, Rail Automation Management Solution}, Rail Traffic Management System {Intelligent Signaling Solution, Real-Time Train Planning & Route Scheduling Solution, Centralized Traffic Control Solution}, Rail Asset Management System {Train Information Solution, Track Monitoring Solution}, Rail Control System {Positive Train Control Solution, Communication-Based Train Control Solution, Integrated Control System}, Rail Maintenance Management System {Vehicle Maintenance Scheduling Solution, Predictive Analytics for Maintenance Management Solution}, Passenger Information System, Rail Security], Service [Training and Consulting, System Integration & Deployment, Support & Maintenance]), By Deployment Model (On-Premise, Cloud), By Operating System (Linux, QNX, VxWorks), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Railway Management System Market size surpassed USD 35 billion in 2019 and is anticipated to grow at over 8% CAGR between 2020 and 2026. Urbanization and development of transportation infrastructure will play a crucial role in driving the growth.
 

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The rising number of passengers travelling by rail network is encouraging government authorities across the globe to upgrade railway infrastructure for speeding up passengers’ journeys and ensuring interoperability. In August 2020, the UK Department for Transport (DfT) introduced an ambitious upgrade plan to invest USD 404 million in Wales rail services for providing an improved railway transport for the passengers. The project includes deployment of smart railway management system at Cardiff Central station in South Wales to ensure safe railway operations and improve passenger journey between Cardiff and Swansea cities. The increasing focus of government bodies to enhance rail services will drive the railway management system market demand.  

The rising prevalence of big data and IoT coupled with rapid evolution of railway management system during the past decade in the emerging economies has positively influenced railway industry expansion.
 

The ongoing COVID-19 pandemic has severely impacted developed & developing countries globally. The decline in economy along with decreased GDP of major countries in the first half of FY2020 has hampered the railway management system market growth in the medium term. The shutdown of manufacturing plants and shortage of labors will result in declining demand. However, it is recovering from the second quarter of FY2021, as the pandemic eases and manufacturing operations recommence post lockdown.

Growing adoption of smart traffic and operation management systems

The India rail traffic management solutions market is likely to witness 13% gains during 2020 to 2026 owing to the growing traffic intensity and complexity of the railway system, demanding real-time traffic control systems. Railway operators are deploying railway management systems for enabling real-time traffic planning, route scheduling, and communicating information to passengers through display boards. These solutions optimize traffic fluency in large railway networks that are equipped with fixed or moving block signalling systems.
 

The rail operation management system segment will see strong demand for seamlessly managing train operation and accessing real-time train movement information. The control systems also provide train movement information to passengers, allowing them to modify their journey plans on time.
 

Growing adoption of cloud-based systems to fuel railway management system market

Germany cloud-based railway management systems market accounted for around 30% share in 2019. Growing improvements in rail infrastructure and implementation of innovative systems for better and faster trains will drive the regional growth. In January 2020, the German government signed a USD 101 billion; 10-year LuFV III railway operating & financing agreement with Deutsche Bahn AG for renewing the rail network in the country. The installation of advanced sensors, tracks, signalling equipment, and communication systems generates massive data that requires proper management and security.
 

A cloud-based deployment model helps rail operators in reducing unwanted downtime in railway management system and improving productivity. Cloud-based solutions offer several benefits such as scalability, IT security, high speed, and 24/7 services. The railway industry is increasingly adopting modern cloud-based architecture to manage assets, infrastructure, and enhance customer satisfaction. These models also enable railway managers to automate core operations, obtain commercial visibility, and remain in compliance with safety standards for ensuring a robust and reliable infrastructure.
 

High market demand for secure and certified operating systems

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The increasing complexities of railway management systems and growing concerns of cyber-attacks are demanding the implementation of reliable, safe, and secure operating systems for maintaining continued rail operations. Cyberattacks pose serious threats to railways and drive the need for installing a secured operating system.

QNX software, developed by BlackBerry Limited, a Canadian company, offers a broad range of safety-certified and hardware-independent embedded software solutions and enables safe operation of critical components. QNX is compliant by EN 5012x series and IEC 61 standards that ensure reliability, increase time-to-market, and reduce development costs. The software is pre-certified for usage in railway management systems and is built with a focus on safety and real-time performance needed for secured rail systems.
 

Expanding railway infrastructure coupled with favorable government policies

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The Europe railway management system market captured more than 35% of global revenue share in 2019 and will observe steady rise through 2026 due to favorable government rules and regulations. European Rail Traffic Management System (ERTMS) is the standard for the management and interoperation of signalling systems in railways across the region. The European Train Control System (ETCS) under ERTMS promotes the replacement of existing train protection systems with advanced technologies. The railway corporations across the region are also installing digital solutions to improve reliability and safety of passengers and freight.

New product launches and strategic acquisitions among industry participants

Key players operating in the railway management system market include ABB Group, Bombardier, Inc., Cisco Systems, Inc., General Electric Company, Hitachi Rail, Ltd., GAO RFID, Inc., Amadeus IT Group SA, Thales Group, OptaSense, and Trimble Inc. These companies are focusing on joint ventures, mergers, and acquisitions to boost business share and increase product portfolio. They are also investing in R&D activities to develop new products and achieve competitive advantage.

This research report on railway management systems market includes in-depth coverage with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

Market, By Component

• Solution
  • Rail operation management system
    • Facility management solution
    • Revenue management solution
    • Ticketing management solution
    • Workforce Management Solution
    • Rail Automation Management Solution
  • Rail traffic management system
    • Intelligent signaling solution
    • Real-time train planning & route scheduling solution,
    • Centralized traffic control solution
  • Rail asset management system
    • Train information solution,
    • Track monitoring solution
  • Rail control system
    • Positive train control solution
    • Communication-based train control solution,
    • Integrated control system
  • Rail maintenance management system
    • Vehicle maintenance scheduling solution
    •  Predictive analytics for maintenance management solution
  • Passenger Information System (PIS)
  • Rail Security
  • Others
• Service
  • Training and consulting
  • System integration and deployment
  • Support and maintenance

Market, By Deployment Model

• On-premise
• Cloud based

Market, By Operating System

• Linux
• QNX
• VxWorks
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Italy
  • Spain
  • Switzerland
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia & New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
• MEA
  • GCC
  • South Africa
  • Nigeria