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.
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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. To keep up with the volatility of consumer marketplaces in North America, railway administration in this region is actively adopting railways management systems that boost the efficiency in arrival and departures of rolling stocks. By the end of 2022, the railways management system market in North America is pegged to be worth over US$ 1.7 billion.
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.
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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.
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
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Table Of Content
1. Global Railways Management System Market – Executive Summary
2. Global Railways Management System Market Overview
2.1. Introduction
2.1.1. Global Railways Management System Market Taxonomy
2.1.2. Global Railways Management System Market Definition
2.2. Global Railways Management System Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Railways Management System Market Y-o-Y Growth
2.3. Global Railways Management System Market Dynamics
2.4. Value Chain
2.5. Key Contracts
2.6. Regional Trends
2.7. Software providers List
2.8. Competitive landscape
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Railways Management System Market Analysis and Forecast By Solutions
4. Global Railways Management System Market Analysis and Forecast By Deployment Type
5. Global Railways Management System Market Analysis and Forecast By Region
6. North America Railways Management System Market Analysis and Forecast, By Country, 2012-2022