AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Railway Management System Market Report 2019-2023: Anticipating a CAGR of Over 9% During the Forecast Period - ResearchAndMarkets.com

March 21, 2019

DUBLIN--(BUSINESS WIRE)--Mar 21, 2019--The “Global Railway Management System Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The railway management system market will register a CAGR of over 9% by 2023.

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.

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.

Key Players

  • Alstom
  • General Electric
  • Hitachi Ltd.
  • Indra
  • Siemens

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • Control system - Market size and forecast 2018-2023
  • Information system - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Middle East and Africa - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Rise in use of automation and IoT in railways
  • Rise in adoption of ERTMS
  • Rise in key consolidation activities in the market

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Alstom
  • General Electric
  • Hitachi Ltd.
  • Indra
  • Siemens

For more information about this report visit https://www.researchandmarkets.com/research/c2lm2t/global_railway?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190321005612/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Rail

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE TRANSPORT RAIL

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/21/2019 01:26 PM/DISC: 03/21/2019 01:26 PM

http://www.businesswire.com/news/home/20190321005612/en