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 And 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 and Deployment, Support and Maintenance]), By Deployment Model (On-Premise, Cloud), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024

Published Date: Dec 2018  |  Report ID: GMI3056  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 340   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Railway Management System Market size estimated at over USD 33 billion in 2017 and is set to grow at a CAGR of over 10% between 2018 and 2024.
 

Railway Management System Market

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The rising trend of urbanization and growth in the adoption of advanced technologies has resulted into the rapid evolution of railway systems over the past decade. Radical developments in the railway environment, enabled by communication technologies require the existing strategies and business models adopted by rail operators to be updated. Railway management systems assist railway operators by making use of information technologies and control systems, providing advanced control centers for railway operations. These systems deliver increased quality and high levels of safety, greater consistency, and potential cost savings driving their adoption in the market.
 

Government around the world are making strategic investments into the railway industry with an aim to update the existing railway infrastructure, thereby stabilizing the economic growth of the country. For instance, under the National Transportation Plan, the Norwegian government has decided to invest USD 14.4 billion in rail infrastructure & digitalization projects between 2018-2023. This will cover new railway projects and investments in digitalization and the existing infrastructure to meet the requirements of the growing population, thereby reducing pollution and road congestion. Moreover, the emergence of smart cities also has a positive impact on railway management system market growth.
 

Railway Management System Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 33 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Forecast Period 2018 to 2024 CAGR: 10% 2024 Value Projection: 64 Billion (USD)
Pages: 340 Tables, Charts & Figures: 366
Geographies covered (22): U.S., Canada, UK, Germany, France, Italy, Spain, Switzerland, Poland, China, Japan, Australia and New Zealand , South Korea, India, Southeast Asia, Brazil, Mexico, Argentina, Chile, South Africa, GCC, Nigeria
Segments covered: Component, Deployment Model and Region
Companies covered (23): ABB, Alstom, Amadeus, Ansaldo STS, Atos SE, Bombardier, Cisco, DXC Technology, EKE-Electronics Ltd, Eurotech, Frequentis, General Electric, GAO RFID, Hitachi, Ltd., Huawei Technologies Co. Ltd., IBM, Indra, Nokia, OptaSense, Siemens AG, Thales Group, Trimble Inc., Toshiba Corporation
Growth Drivers:
  • Rapid urbanization and demographic growth
  • Government funding and PPP models
  • Rising trend of smart cities
  • Growing adoption of AI and cloud-based services
  • Growing trend of IoT and digitalization in rail transport
Pitfalls & Challenges:
  • Huge initial investment
  • Integration complexities with legacy systems
  • Immature market conditions

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Market by Component

A railway management system integrates solutions and related services for augmenting the speed, safety, reliability, and efficiency of rail services. The rail operation management system aids in streamlining rail operations, augmenting security, and delivering enhanced environmental protection. These systems allow station operators to more effectively coordinate and manage train arrivals, departures, and cargo handling to augment the throughput. They also provide efficient revenue & ticketing management solutions, ensuring accuracy in the fare collection, increased security against frauds, reduced revenue losses, improved end-user customer satisfaction, and lower maintenance costs.

Rail automation management solutions are growing at the fastest rate in the railway management system market and are projected to grow at a CAGR of over 10% over the forecast timespan. Providing enhanced reliability, speed, and convenience are the critical factors for ensuring the attractiveness of the modern transit railways. These criteria can be fulfilled by adopting railway automation management solutions. Various countries worldwide are adopting rail management solutions to improve their operational efficiency and deliver rail solutions with enhanced safety & compliance.
 

India Railway Management System Market By Service

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The support & maintenance segment is growing at the fastest rate and is projected to grow at a CAGR of over 16% over the forecast period. Due to the rising advent of advanced technologies including IoT, smart sensors, and big data & smart city initiatives adopted by the government, it is important to build an efficient railway infrastructure, which requires high support & maintenance services, driving the market demand. These service providers also assist rail operators in improving the transport reliability at reduced costs resulting in enhanced passenger safety & satisfaction. They also implement preventive & corrective maintenance practices allowing rail operators to concentrate on their core activities driving their adoption rate in the market.
 

Market by Deployment Model

The cloud-based model is expected to grow at the fastest rate at a CAGR of over 14% over the forecast period. Cloud-based models offer more advantages as compared to the legacy on-premise systems leading to an increase in their adoption rates. The cloud platform provides enhanced storage & data computation capabilities for operational control and related solutions in the market. These models also assist in providing real-time data collection, distribution, and reliable data transfer capabilities enhancing their market share.
 

France Railway Management System Market By Deployment Model

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Market by Region

The North America railway management system market is growing at a steady rate accounting for over 27% of the market share in 2017. Freight transportation is significant in this region and accounts for around 70% of the market size while the passenger railway transportation is in the growth stages. Stringent government regulations, robust infrastructure, and the rising adoption of advanced technologies by the North American railway providers are some of the major factors driving the market demand. Furthermore, the companies residing in this region, including IBM, Bombardier, and General Electric, are also implementing strategic initiatives to expand their rail management product portfolio through rail solutions ranging from rail maintenance services, subsystems, and signaling systems.
 

Competitive Market Share

Several rail management system providers are witnessing a higher demand from emerging markets of Latin America, Asia, Eastern Europe, and Africa as these regions contribute majorly to the world’s population. These companies are offering numerous rail management solutions & services and investing in advanced technologies to meet the growing demand of the marketplace.
 

The major players functioning in the railway management system market include Cisco, IBM, Nokia, Bombardier, Atos, ABB, Toshiba, Huawei, Alstom, Eurotech, General Electric, Indra, Thales, Trimble, Siemens, and Hitachi.
 

Industry Background

Growing advancements in the transportation sector coupled with the integration of advanced technologies, such as IoT, cloud computing, and big data, are the major factors contributing to the increasing demand for the railway management system industry. The companies are also focused on developing new solutions to meet the increasing customer demand by having a positive impact on the market revenue. The growing investments in the railway sector by governments and a rise in the number of PPP models also act as important parameters supporting the market development.
 

Frequently Asked Questions (FAQ) :

Factors like strict government regulations, surging adoption of advanced technologies in the railway sector, and robust infrastructure development are boosting North America industry demand.
Rail automation management solutions are growing at a fastest rate in the market and are projected to witness CAGR of over 10% during the forecast timespan.
Companies such as Nokia, Huawei, Alstom, Eurotech, Bombardier, Atos, Cisco, IBM, ABB, Toshiba, General Electric, Siemens, Hitachi, Indra, Thales, and Trimble are currently the key developers of railway management systems.
According to the analysts at GMI, the cloud-based deployment model is expected to observe over 14% growth rate through 2024.

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Premium Report Details

  • Published Date: Dec 2018
  • Pages: 340
  • Tables: 336
  • Charts / Figures: 30
  • Companies covered: 23
  • Countries covered: 22

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