Global Railway Management System Market Report 2019-2023: Anticipating a CAGR of Over 9% During the Forecast Period - ResearchAndMarkets.com
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.
- General Electric
- Hitachi Ltd.
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
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- General Electric
- Hitachi Ltd.
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/
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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