Railway Management System Market

The railway management system is incorporated with different types of the manual and automatic systems that include various kinds of tools and services, which help in quick and better management of the rail industry. The various types of services and activities performed during the operation of the railway include scheduling the rail, managing the route traffic, power supply & infrastructure management, and station control. The railway management system includes all the possible aspects related to the rail journey from the train’s departure from the origin shed (parking) to its arrival at the destination shed. It primarily includes rail traffic management system, rail operation management system, rail asset management system, rail maintenance management system, and rail control system. Changing trends and developments in technology in the field of railways have reduced the operation times for resolving issues. Automated systems in the railways have decreased the rate of errors during the functioning/operation of the railway. Automatic track changing and automatic signal lights are among the major systems being adopted to reduce fatalities, delays, and accidents and improve the efficiency of trains. The railway management system offers improved and controlled operations, data analytics, energy management, asset management, and staff & passenger information management. Furthermore, the railway management system also offers disaster management, which is very vital for the protection of asset and human lives.

Increase in the number of commuters and the demand of the rails/trains is a major driver of the railway management system market. The Operations are coupled with all new information and communication technologies, which are expected to boast the railway management system market. Increasing safety standards and integration of automated systems to provide efficient, reliable, and safe service are key drivers of the railway management system market. Increasing freight traffic along with an un-optimized use of rail network along with inefficient management and operating cost are major restraints of the railway management system market.

The global railway management system market can be segmented based on deployment model, components, and region. In terms of deployment model, the market can be classified into on premise and cloud. Based on components, the market can be bifurcated into services and solution. The service segment can be further split into training and consulting, system integration and deployment, and support & maintenance. The solution segment can be further sub-segmented into rail operation management system, rail traffic management, rail asset management system, rail control system, rail maintenance management system, passenger information system, rail security, and others. The rail operation management system segment can be further bifurcated into facility management solution, revenue management solution, ticketing management solution, workforce management solutions, and rail automation management solution. The rail traffic management system can be further sub-segmented into real-time train planning and route scheduling solution, intelligent signaling solution, and centralized traffic control solutions. The asset management system segment can be further split into train information solution and track monitoring solution. The rail control system segment can be sub-segmented into positive train control solution, communication based positive train control solution, and communication based train control solution and integrated control system. The rail maintenance management system segment can be further divided into vehicle maintenance scheduling solution and predictive analytics for maintenance management solution. Based on region, the global railway management system market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a notable share of the global railway management system market during the forecast period. Technological expansion in the railway industry and robust demand for railway management system are driving the market in Asia Pacific. High rate of adoption of latest technologies in North America and Europe is expected to drive the market for railway management systems in these regions during the forecast period.

Key players in the global railway management system market are Hitachi, Ltd., ABB, Bombardier, Huawei Technologies Co., Ltd., Indra, Atos SE, Toshiba, Tech Mahindra, Nokia, Ansaldo, Siemens, Thales, DXC Technology, Amadeus, Alstom, Cisco, Optasense, IBM, General Electric, GAO RFID, EKE Electronics, Sierra Wireless, Eurotech, Frequentis, and Trimble.