The Railway Management System Market to grow at a CAGR of 8.45% from 2021 to 2026|Expansion of urban mass transit railway infrastructure will drive market growth – Technavio

NEW YORK, July 28, 2023 /PRNewswire/ — The railway management system market is expected to increase by USD 21.19 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.45 %, according to Technavio – Download the Sample Report

Railway Management System Market Insights –

• Vendors: 15+, Including ABB Ltd., ALSTOM SA, Belden Inc., Cisco Systems Inc., DXC Technology Co., EKE Group, EUROTECH Spa, Frequentis AG, GAO Group Inc., General Electric Co., Hitachi Ltd., Huawei Technologies Co. Ltd., Indra Sistemas SA, International Business Machines Corp., Nokia Corp., Siemens AG, Thales Group, Toshiba Corp., Trimble Inc., and Wabtec Corp., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Product (Control system and Information system) and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

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Railway management system market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including – ABB Ltd., ALSTOM SA, Belden Inc., Cisco Systems Inc., DXC Technology Co., EKE Group, EUROTECH Spa, Frequentis AG, GAO Group Inc., General Electric Co., Hitachi Ltd., Huawei Technologies Co. Ltd., Indra Sistemas SA, International Business Machines Corp., Nokia Corp., Siemens AG, Thales Group, Toshiba Corp., Trimble Inc., and Wabtec Corp.

Railway Management System Market – Market Dynamics

Key driver

The expansion of urban mass transit railway infrastructure is one of the key factors driving market growth. An urban rail system is a passenger transport system of short-distance railroads used primarily for transportation within urban or suburban areas. Among them, the subway stands out as one of the most convenient and efficient means of mass transportation in urban areas. With increasing urbanization and congestion in urban areas, the demand for such urban mass transit rail systems has increased significantly. A case in point is the ambitious Orange Line project of the Thai Urban Rapid Transit Authority. The project includes the construction of approximately 9.59 miles of elevated structures containing seven stations and an additional 30 miles of underground structures containing 23 stations. This massive project is scheduled to be completed in 2023. Hence, the above-mentioned factors are expected to drive market growth during the forecast period.

Major Trends

The rise in the use of automation and IoT in railways is one of the major trends in the market. Rail networks are transforming into smart systems that integrate different sources for data generation. Onboard control and monitoring systems play a key role in turning trains into integrated communication hubs that can transmit data to a networked control center. This enables the exchange of relevant information, reduces downtime, and improves business planning based on real-time data. In addition, these intelligent systems help save energy and money by efficiently managing energy consumption, avoiding sudden machine failures, and reducing maintenance costs. Using data in this way greatly improves the overall efficiency and reliability of rail operations. Hence, this trend is expected to drive market growth during the forecast period.

Significant Challenges

The high cost of adoption is one of the significant challenges restricting market growth. Railways are operated and managed primarily by state-owned enterprises and require significant infrastructure investment, often resulting in a loss in financial performance. Furthermore, the focus is building efficient transport networks that require state intervention. Therefore, any new project with a large amount of money should be considered before implementation. In countries with severe budget problems, a shift to an advanced rail system with a rail management system may not be financially successful. Political and economic challenges can hinder the implementation of new projects, particularly if budget allocations for the deployment of railway management systems are insufficient. Hence, the high cost is expected to restrict market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The railway management system market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Railway Management System Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the railway management system market between 2022 and 2026
• Precise estimation of the size of the railway management system market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the railway management system market across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of railway management system market vendors

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Table of Contents.

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis – Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product – Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Control system – Market size and forecast 2021-2026 
• Exhibit 28: Chart on Control system – Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Control system – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Control system – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Control system – Year-over-year growth 2021-2026 (%)

• 5.4 Information system – Market size and forecast 2021-2026 
• Exhibit 32: Chart on Information system – Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Information system – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Information system – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Information system – Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC – Market size and forecast 2021-2026 
• Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 7.4 Europe – Market size and forecast 2021-2026 
• Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.5 North America – Market size and forecast 2021-2026 
• Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 7.7 South America – Market size and forecast 2021-2026 
• Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 7.8 China – Market size and forecast 2021-2026 
• Exhibit 62: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China – Year-over-year growth 2021-2026 (%)

• 7.9 US – Market size and forecast 2021-2026 
• Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.10 France – Market size and forecast 2021-2026 
• Exhibit 70: Chart on France – Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on France – Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on France – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on France – Year-over-year growth 2021-2026 (%)

• 7.11 Japan – Market size and forecast 2021-2026 
• Exhibit 74: Chart on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Japan – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan – Year-over-year growth 2021-2026 (%)

• 7.12 Russia – Market size and forecast 2021-2026 
• Exhibit 78: Chart on Russia – Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Russia – Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Russia – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Russia – Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 ABB Ltd.
• Exhibit 89: ABB Ltd. – Overview
• Exhibit 90: ABB Ltd. – Business segments
• Exhibit 91: ABB Ltd. – Key news
• Exhibit 92: ABB Ltd. – Key offerings
• Exhibit 93: ABB Ltd. – Segment focus

• 10.4 ALSTOM SA
• Exhibit 94: ALSTOM SA – Overview
• Exhibit 95: ALSTOM SA – Business segments
• Exhibit 96: ALSTOM SA – Key news
• Exhibit 97: ALSTOM SA – Key offerings
• Exhibit 98: ALSTOM SA – Segment focus

• 10.5 DXC Technology Co.
• Exhibit 99: DXC Technology Co. – Overview
• Exhibit 100: DXC Technology Co. – Business segments
• Exhibit 101: DXC Technology Co. – Key news
• Exhibit 102: DXC Technology Co. – Key offerings
• Exhibit 103: DXC Technology Co. – Segment focus

• 10.6 General Electric Co.
• Exhibit 104: General Electric Co. – Overview
• Exhibit 105: General Electric Co. – Business segments
• Exhibit 106: General Electric Co. – Key news
• Exhibit 107: General Electric Co. – Key offerings
• Exhibit 108: General Electric Co. – Segment focus

• 10.7 Hitachi Ltd.
• Exhibit 109: Hitachi Ltd. – Overview
• Exhibit 110: Hitachi Ltd. – Business segments
• Exhibit 111: Hitachi Ltd. – Key news
• Exhibit 112: Hitachi Ltd. – Key offerings
• Exhibit 113: Hitachi Ltd. – Segment focus

• 10.8 Indra Sistemas SA
• Exhibit 114: Indra Sistemas SA – Overview
• Exhibit 115: Indra Sistemas SA – Business segments
• Exhibit 116: Indra Sistemas SA – Key offerings
• Exhibit 117: Indra Sistemas SA – Segment focus

• 10.9 International Business Machines Corp. 
• Exhibit 118: International Business Machines Corp. – Overview
• Exhibit 119: International Business Machines Corp. – Business segments
• Exhibit 120: International Business Machines Corp. – Key offerings
• Exhibit 121: International Business Machines Corp. – Segment focus

• 10.10 Siemens AG
• Exhibit 122: Siemens AG – Overview
• Exhibit 123: Siemens AG – Business segments
• Exhibit 124: Siemens AG – Key news
• Exhibit 125: Siemens AG – Key offerings
• Exhibit 126: Siemens AG – Segment focus

• 10.11 Thales Group
• Exhibit 127: Thales Group – Overview
• Exhibit 128: Thales Group – Business segments
• Exhibit 129: Thales Group – Key offerings
• Exhibit 130: Thales Group – Segment focus

• 10.12 Toshiba Corp.
• Exhibit 131: Toshiba Corp. – Overview
• Exhibit 132: Toshiba Corp. – Business segments
• Exhibit 133: Toshiba Corp. – Key news
• Exhibit 134: Toshiba Corp. – Key offerings
• Exhibit 135: Toshiba Corp. – Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 136: Inclusions checklist
• Exhibit 137: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 138: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 139: Research methodology
• Exhibit 140: Validation techniques employed for market sizing
• Exhibit 141: Information sources

• 11.5 List of abbreviations
• Exhibit 142: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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