According to Future Market Insights, the global market for railways management systems is anticipated to expand vigorously in the upcoming years. By the end of 2022, the global railways management system market is poised to be worth nearly US$ 5 billion.
The report offers an exclusive study on the global railways management system market, revealing key presumptive scenarios for market expansion. Over the forecast period, 2017-2022, the global market for railways management systems is expected to register a value CAGR of 10.4%.
Considering how railways will remain to be the backbone of logistics, infrastructure, and the overall economy of a country, administrative authorities are expected to adopt railways management systems for bolstering this commodity. According to Future Market Insights, the global market railways management systems in anticipated to gain traction in terms of revenues over the period of next five years.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-5193
North America to register higher adoption of railways management systems
The report has anticipated that North America will dominate the global railways management system market in terms of revenues. With a robust rail infrastructure in this region, a majority of freight and logistics operations in the US and Canada are carried out through railways.
The adoption of railways management systems in Asia-Pacific excluding Japan (APEJ) is also expected to gain considerable traction. Considering how efficient railway transportation has served as a mainstay for economic development in several APEJ countries, the railways management system market in this region is expected to expand at a robust CAGR during the forecast period. Europe’s railways management system market is also expected to showcase impressive growth in few years down the line.
Competitive Landscape
Several companies are also expected to develop distinct subsystems on railways management, which could be used to improve the performance of existing systems. The report has also profiled key developers of railways management systems in the global market. Companies namely, GAO RFID, Hitachi, Ltd., Amadeus IT Group, S.A, Cisco Systems, Inc., ABB Limited, IBM Corporation, Thales S.A., Toshiba Corporation, General Electric Co., and Huawei Technologies Co., Ltd. are expected to remain active in global expansion of railways management system market over the span of next five years.
Cloud deployment of railways management system to register highest CAGROn-premise deployment of railways management system is anticipated to bring in nearly US$ 2 billion in global revenues by the end of 2017. In the approaching years, however, several railway administrations across the globe are likely to deploy railways management system through cloud-based networking models.
For improving compliance of railways management systems across integrated platforms, cloud deployment will be viewed as the best option. Moreover, real-time management and active notification systems will be working more effectively through cloud deployment of railways management systems. Through 2022, global revenues procured from cloud deployment of railways management systems are anticipated to register highest CAGR of 13.2%.
Ask for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-5193
The taxonomy of the global railways management system market has been illustrated in the table below:
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Solutions
- Traffic Planning
- Track Management System
- Operation Management System
- Railway Reservation System
- Others (asset management system)
- Other Application
Deployment Type
- On-Premise
- Cloud
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs