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Global Railway Management System Market 2019-2023

Global Railway Management System Market 2019-2023

About this market

Urban rail transit systems are short-length passenger rail systems that are used for transportation within urban or suburban regions. Metro rail is considered to be one of the most convenient modes of urban transportation for mass transit. The demand for urban mass transit railway systems has increased to ease congestion with the growing urbanization. Though these systems help in easing the traffic, they require highly advanced management systems to carry out their day-to-day activities. The population in urban areas has been increasing, with several cities becoming megacities characterized by high passenger inflow. The increased the network coverage of the railway system and thereby the capability in handling different interconnected railway lines. Railway management systems offer efficient control over different railway network lines and thus help in the management of railway operations. Therefore, the demand for railway management systems is expected to grow with several new future urban mass transit railway projects being lined. Technavio’s analysts have predicted that the railway management system market will register a CAGR of over 9% by 2023.

Market Overview

Need for upgrade and modernization of railway infrastructure

The continuous use of railways and the demand for improved services by customers have increased the need for new infrastructure. Hence, many railway operators are undertaking upgrade and modernization activities for railway infrastructure. These activities are aimed at replacing old systems with new ones and adding improved safety features and monitoring facilities.

High cost of adoption

Deployment of railway management systems involves significant costs owing to the use of advanced technologies. Moreover, railway networks are required to shut down for the period of deployment and need to undergo trials. Therefore, the high cost of adoption of railway management systems will continue to be a major challenge for the market.

For the detailed list of factors that will drive and challenge the growth of the railway management system market during the 2019-2023, view our report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Railway Management System Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rise in use of automaton and IoT in railways.”

According to the report, one of the major drivers for this market is the need for enhanced cross- border railway network.

Further, the report states that one of the major factors hindering the growth of this market is the requirement for skilled workforce.

Companies Mentioned

Alstom
GENERAL ELECTRIC
Hitachi
Ltd
Indra
Siemens

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global smart railways systems market
      • Table Segments of global smart railways systems market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Control system - Market size and forecast 2018-2023
      • Table Control system - Market size and forecast 2018-2023 ($ billions)
      • Table Control system - Year-over-year growth 2019-2023 (%)
    • Information system - Market size and forecast 2018-2023
      • Table Information system - Market size and forecast 2018-2023 ($ billions)
      • Table Information system - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Middle East and Africa - Market size and forecast 2018-2023
      • Table Middle East and Africa - Market size and forecast 2018-2023 ($ billions)
      • Table Middle East and Africa - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rise in use of automation and IoT in railways
    • Rise in adoption of ERTMS
    • Rise in key consolidation activities in the market
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alstom
      • Table Alstom - Vendor overview
      • Table Alstom - Product segments
      • Table Alstom - Organizational developments
      • Table Alstom - Geographic focus
      • Table Alstom - Segment focus
      • Table Alstom - Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC - Vendor overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Hitachi, Ltd.
      • Table Hitachi, Ltd. - Vendor overview
      • Table Hitachi, Ltd. - Business segments
      • Table Hitachi, Ltd. - Organizational developments
      • Table Hitachi, Ltd. - Geographic focus
      • Table Hitachi, Ltd. - Segment focus
      • Table Hitachi, Ltd. - Key offerings
    • Indra
      • Table Indra - Vendor overview
      • Table Indra - Business segments
      • Table Indra - Organizational developments
      • Table Indra - Geographic focus
      • Table Indra - Segment focus
      • Table Indra - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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