Market Research Logo

Digital Railway Market by Offering (Solutions and Services), Application Type (Rail Operations Management, Passenger Experience, and Asset Management), Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2024

Digital Railway Market by Offering (Solutions and Services), Application Type (Rail Operations Management, Passenger Experience, and Asset Management), Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2024

Increaseing investment in railway infrastructure to drive the digital railway market growth
MarketsandMarkets projects the digital railway market to grow from USD 50.0 billion in 2019 to USD 74.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.4% from 2019 to 2024. Major factors expected to drive the growth of the digital railway market include, advancement in communication technology and surge in passengers numbers over the past few years.

By solution, remote monitoring segment to account for the highest market share during the forecast period
Railways have limited operational flexibility, and face increasing passenger and freight traffic demand on existing infrastructure. The reliable provision of additional capacity requires an improved system for traffic control and management purposes, as well as for system reliability and safety. The use of smart infrastructure for fault prediction and the guidance of preventive maintenance helps maintain operational capacity and improves reliability of railway infrastructure and operational efficiency. The solutions enable organizations to view data from all railway assets and components. The solutions connect all assets to the central platform. Remote monitoring solutions detect abnormalities and set up notification rules to be alerted about abnormal or defective behavior in time.

By service, professional services segment to hold a larger market size during the forecast period
Professional services are provided by professionals or experts to assist customers. They include deployment and integration, training and consulting, and support and maintenance. Professional services vendors offer a broad array of services with the help of cutting-edge technologies, tools, and strategies to meet the needs of organizations. Deployment and integration services ensure the proper integration of the digital railway solutions and services with various other components of the Information Technology (IT) system. Support and maintenance services aim at providing technical support to customers and delivering enhancements and upgradations to the platform. Consulting services are used by customers to analyze their needs and understand the best fit according to their requirements.

Among regions, Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is estimated to be the fastest-growing region in terms of the growth of the digital railway market, owing to the increasing adoption of new technologies, higher investments for digital transformation, and the increasing Gross Domestic Product (GDP) in the APAC countries. A majority of the potential economies in this region include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be rapidly investing in technological transformation. According to data published on the website of United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in 2019, the length of Trans-Asian Railway network comprises 117,500 km of railway lines serving 28 member countries. The high population growth rate in the region has intensified the need for transformation and expansion of the existing rail infrastructure. With untapped potential markets, the high penetration of advanced technologies, the growing freight usage in various industries, and the economic developments and government regulations are expected to drive the digital railway market growth at the highest rate in APAC during the forecast period.

The breakup of the profiles of the primary participants is given below:
By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
By Designation: C-Level Executives - 35%, Director Level - 25%, and Managers-40%
By Region: North America - 45%, Europe - 20%, APAC - 30%, and RoW - 5%

The following key digital railway vendors are profiled in the report:
Siemens(Germany)
Cisco (US)
Hitachi (Japan)
Altsom (France)
IBM (US)
ABB (Switzerland)
Huawei (China)
Thales (France)
Fujitsu (Japan)
DXC (US)
Indra (Spain)
Nokia (Finland)
Atkins (UK)
Toshiba (Japan)
Bombardier (Canada)

Research Coverage
The digital railway market is segmented by solution (remote monitoring, route optimization and scheduling, analytics, network management, predictive maintenance, security, and others), service(professional services [consulting system integration and deployment] support and maintenance and managed services), application type (rail operation management [rail automation management, rail control, {signaling solution, rail traffic management, freight management} smart ticketing, workforce management], smart ticketing, passenger information system, asset management, and others), and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the digital railway market.

Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways:
It comprehensively segments the digital railway market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2016-2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE DIGITAL RAILWAY MARKET
    • DIGITAL RAILWAY MARKET, BY OFFERING, 2019
    • DIGITAL RAILWAY MARKET, BY APPLICATION, 2017-2024
    • DIGITAL RAILWAY MARKET, BY SERVICE, 2019 VS. 2024
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INDUSTRY TRENDS
      • USE CASES
      • RAILWAY INFRASTRUCTURE INVESTMENT BY COUNTRY
    • INNOVATION SPOTLIGHT
      • INTERNET OF THINGS IN RAILWAYS
      • BIG DATA ANALYTICS AND CLOUD COMPUTING IN RAILWAYS
      • HYPERLOOP - THE FUTURE OF TRANSPORTATION
      • DRONES FOR IDENTIFYING RAILWAY INFRASTRUCTURE ISSUES
      • AUTOMATIC WARNING SYSTEM
  • DIGITAL RAILWAY MARKET, BY SOLUTION
    • INTRODUCTION
      • Table DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017-2024 (USD BILLION)
    • REMOTE MONITORING
      • REMOTE MONITORING SOLUTIONS TO IMPROVE THE RELIABILITY OF THE RAILWAY INFRASTRUCTURE
        • Table REMOTE MONITORING: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • ROUTE OPTIMIZATION AND SCHEDULING
      • ROUTE OPTIMIZATION AND SCHEDULING SOLUTIONS TO ENABLE EFFICIENT PLANNING AND MANAGEMENT OF ROUTINE OPERATIONS FOR TRAINS
        • Table ROUTE OPTIMIZATION AND SCHEDULING: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • ANALYTICS
      • RAIL ANALYTICS SYSTEMS TO HELP IN DEMAND PLANNING, REVENUE AND WORKFORCE MANAGEMENT, TRANSIT ANALYSIS, AND PRICING ANALYSIS
        • Table ANALYTICS: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • NETWORK MANAGEMENT
      • NETWORK MANAGEMENT SOLUTIONS TO PLAY AN IMPORTANT ROLE IN DISASTER MANAGEMENT AND MINIMIZING LOSS
        • Table NETWORK MANAGEMENT: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • PREDICTIVE MAINTENANCE
      • PREDICTIVE MAINTENANCE SOLUTIONS TO INCREASE THE ASSET LIFE AND IMPROVE RAIL OPERATIONS AND SAFETY
        • Table PREDICTIVE MAINTENANCE: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • SECURITY
      • RAIL SECURITY SOLUTIONS TO BE ADOPTED INCREASINGLY WITH THE INCREASED DEPLOYMENT OF DIGITAL SOLUTIONS
        • Table SECURITY: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • OTHERS
      • Table OTHERS: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
  • DIGITAL RAILWAY MARKET, BY SERVICE
    • INTRODUCTION
      • Table DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017-2024 (USD BILLION)
    • PROFESSIONAL SERVICES
      • Table PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
      • Table PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
      • CONSULTING
        • Table CONSULTING MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
      • SYSTEM INTEGRATION AND DEPLOYMENT
        • Table SYSTEM INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
      • SUPPORT AND MAINTENANCE
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • MANAGED SERVICES
      • MANAGED SERVICES TO PROVIDE CONSTANT UPGRADATIONS AND CUSTOMIZED FEATURES TO FULFILL CUSTOMERS' EVER-GROWING DEMANDS
        • Table MANAGED SERVICES: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
  • DIGITAL RAILWAY MARKET, BY APPLICATION
    • INTRODUCTION
      • Table DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017-2024 (USD BILLION)
    • RAIL OPERATIONS MANAGEMENT
      • Table RAIL OPERATIONS MANAGEMENT: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
      • Table RAIL OPERATIONS MANAGEMENT: DIGITAL RAILWAY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
      • RAIL AUTOMATION MANAGEMENT
        • Table RAIL AUTOMATION MANAGEMENT MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
      • RAIL CONTROL
        • Table RAIL CONTROL MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
        • Table SIGNALING SOLUTION MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
        • Table RAIL TRAFFIC MANAGEMENT MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
        • Table FREIGHT MANAGEMENT MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
      • SMART TICKETING
        • Table SMART TICKETING: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
      • WORKFORCE MANAGEMENT
        • Table WORKFORCE MANAGEMENT MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • PASSENGER INFORMATION SYSTEM
      • PASSENGER INFORMATION SYSTEM TO BE A KEY COMMUNICATION LINK BETWEEN TRANSPORTATION OPERATORS AND PASSENGERS CONNECTIVITY
        • Table PASSENGER INFORMATION SYSTEM: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • ASSET MANAGEMENT
      • RAIL ASSET MANAGEMENT TO OPTIMIZE THE PERFORMANCE AND RAIL INFRASTRUCTURE
        • Table ASSET MANAGEMENT: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • OTHERS
      • Table OTHERS: DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
  • DIGITAL RAILWAY MARKET, BY REGION
    • INTRODUCTION
      • Table DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY OFFERING, 2017-2024 (USD BILLION)
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017-2024 (USD BILLION)
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017-2024 (USD BILLION)
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD BILLION)
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017-2024 (USD BILLION)
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY RAIL OPERATIONS MANAGEMENT, 2017-2024 (USD BILLION)
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY RAIL CONTROL, 2017-2024 (USD BILLION)
      • Table NORTH AMERICA: DIGITAL RAILWAY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY OFFERING, 2017-2024 (USD BILLION)
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017-2024 (USD BILLION)
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017-2024 (USD BILLION)
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD BILLION)
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017-2024 (USD BILLION)
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY RAIL OPERATIONS MANAGEMENT, 2017-2024 (USD BILLION)
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY RAIL CONTROL, 2017-2024 (USD BILLION)
      • Table EUROPE: DIGITAL RAILWAY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY OFFERING, 2017-2024 (USD BILLION)
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017-2024 (USD BILLION)
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017-2024 (USD BILLION)
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD BILLION)
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017-2024 (USD BILLION)
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY RAIL OPERATIONS MANAGEMENT, 2017-2024 (USD BILLION)
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY RAIL CONTROL, 2017-2024 (USD BILLION)
      • Table ASIA PACIFIC: DIGITAL RAILWAY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
      • CHINA
      • INDIA
      • JAPAN
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY OFFERING, 2017-2024 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017-2024 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017-2024 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017-2024 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY RAIL OPERATIONS MANAGEMENT, 2017-2024 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY RAIL CONTROL, 2017-2024 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: DIGITAL RAILWAY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
      • NIGERIA
      • UNITED ARAB EMIRATES
      • SOUTH AFRICA
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY OFFERING, 2017-2024 (USD BILLION)
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017-2024 (USD BILLION)
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017-2024 (USD BILLION)
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017- 2024 (USD BILLION)
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017-2024 (USD BILLION)
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY RAIL OPERATIONS MANAGEMENT, 2017-2024 (USD BILLION)
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY RAIL CONTROL, 2017-2024 (USD BILLION)
      • Table LATIN AMERICA: DIGITAL RAILWAY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • COMPETITIVE LEADERSHIP MAPPING
      • Table EVALUATION CRITERIA
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
  • COMPANY PROFILES
    • INTRODUCTION
    • SIEMENS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CISCO
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • HITACHI
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALSTOM
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • IBM
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • ABB
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • HUAWEI
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • THALES
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • FUJITSU
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • DXC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • INDRA
    • NOKIA
    • ATKINS
    • TOSHIBA
    • BOMBARDIER
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook