Railway Management System Global Market Report 2022

Railway Management System Global Market Report 2022

  • June 2022 •
  • 175 pages •
  • Report ID: 6282627 •
  • Format: PDF
Major players in the railway management system market are Indra Sistemas, Ansaldo STS, Alstom, Hitachi Ltd, ABB Ltd, IBM Corporation, Siemens AG, GE Transportation, Cisco, Huawei Technologies Co. Ltd., Amadeus, Alcatel-Lucent, DXC Technology, and Eurotech.

The global railway management system market is expected to grow from $33.33 billion in 2021 to $38.18 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The market is expected to grow to $54.76 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%.

The railway management system market consists of sales of railway management solutions and services by entities (organizations, sole traders, and partnerships) that include a variety of tools and services which help better manage the rail industry. Railway management system implements Information technology for improvement in efficiency, traffic planning, operation management, monitoring, decision making, maintenance and support, and better management of railways.

The main types of offerings in railway management systems are services and solutions.The railway management system services include system integration, consulting, deployment, support, and maintenance.

The different components include rail operations management system, rail traffic management system, rail asset management system, rail control system, rail maintenance management system, passenger information system (PIS), rail security and involves various organization sizes such as small and medium enterprises (SMEs), large enterprise. It is deployed in several modes including on-premise and cloud-based.

Asia Pacific was the largest region in the railway management system market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Digitization and automation technologies are contributing to the growth of the railway management system market.The railway system is complex for operations due to the involvement of a wide range of organizations, humans, and technical solutions.

As a result, computerized systems are required to manage and regulate such complex environments to improve safety and speed up train movement in the congested railway network. For instance, according to the Economic Times report, in September 2019, A pilot project has been launched at the Modern Coach Factory in UP, India for ushering Industry 4.0 in the country to support the digital railway program. Industry 4.0 is enabled by internet-based solutions and smart systems that are the current trend of automation, interconnectivity, and data exchange in manufacturing technologies that will increase the productivity of railways. Therefore, digitization and automation technologies are projected to propel the growth of the railway management system market.

Strategic partnerships and collaborations have emerged as a key trend in the railway management system market.Key players operating in the railway management system sector are focused on partnerships and collaborations to extend their growth into new areas.

For instance, in October 2020, Hitachi Rail STS, a US-based company announced a partnership with BART (Bay Area Rapid Transit) for a $798 million contract to design Communications-Based Train Control (CBTC), the latest technology for digitally controlling trains with increased capacity and improved service. Also, In January 2020, Siemens, a Germany-based automation company announced a partnership with Advanced Rail Management Corporation (Arm), a US-based railroad company, to aid the automotive supply chain with design, advanced driver assistance, in-vehicle infotainment, and verification difficulties.

In January 2021, Alstom, a France-based company providing digital, traffic management, and electrification infrastructure acquired Bombardier Transportation for an undisclosed amount.Through this acquisition, Alstom will improve its position in the burgeoning mobility sector by achieving critical mass across all geographies and integrating additional solutions and assets to better serve its clients globally.

Bombardier Transportation is a Germany-based company that provides rail management systems for operations and maintenance, component repair, and services solutions.

The countries covered in the railway management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.