A look at the latest trends in global railway management system market reveals the launch of the first of its kind satellite-based railway traffic management system in Europe. Developed by the Italian Railway Network (RFI), the first pilot line in this railway management system project will be developed between Novara and Rho, with the integration of the Level 2 ERTMS (European Rail Traffic Management System).
Surging adoption of railway management systems in Europe and North America coupled with the rising development of robust infrastructure backing the incorporation of advanced technologies is set to boost railway management system market demand over 2020-2026. Additionally, rising adoption of these systems by tram operators for streamlining traffic in crowded cities is further expected to escalate business landscape over the estimated period.
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While the inbuilt modern signaling system is set to comprise additional functions including the control of the length of the trains and the maximum permitted speed, efficient satellite navigation systems, comprising Galileo, have been deployed for tracking the location of railway carriages. An inclusive availability of information using these resources is likely to cause a substantial reduction in the risk of accidents, in turn bolstering railway management system market outlook through the ensuing years.
Rising technological advancements in cloud computing by prominent industry participants, including Huawei Technologies Co. Ltd., and IBM Corporation, are likely to foster the adoption of cloud-based railway management system model through coming years.
The ability to deliver scalability and flexibility without the requirement for the installation of on-premise hardware is additionally expected to bolster rail asset management market demand over the estimated period. Reduction of maintenance costs related to on-premise hardware is also likely to add to the growth of railway management systems market through the forecast timeframe.
Escalating number of railway accidents has been instrumental in encouraging the installation of advanced maintenance solutions by railway network operators in the recent years. While train maintenance and railway management services are in great demand for keeping a precise record of the periodic maintenance schedules of vehicles and other assets, these solutions are also helpful in the assessment of vehicle condition throughout its life cycle.
Rising innovation and railway management system projects by key market players, comprising Cisco, General Electric, IBM, Nokia, Eurotech, Atos, Huawei, Trimble, Siemens, Hitachi, Toshiba, and others, are, thus, set to propel global railway management system market outlook over the projected period.
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Partial Chapter of the Table of Content
Chapter 6 Railway Management System Market, By Deployment Model
6.1 Key trends, by deployment model
6.2.1 Market estimates and forecast, 2015 - 2026
6.3.1 Market estimates and forecast, 2015 - 2026
Chapter 7 Railway Management System Market, By Operating System
7.1 Key trends, by operating system
7.2.1 Market estimates and forecast, 2015 - 2026
7.3.1 Market estimates and forecast, 2015 - 2026
7.4.1 Market estimates and forecast, 2015 - 2026
7.5.1 Market estimates and forecast, 2015 - 2026
Charts & Figures
FIG 1 Railway management system market 3600 synopsis, 2016 - 2026
FIG 2 Industry segmentation
FIG 3 Industry ecosystem analysis
FIG 4 Growth potential analysis
FIG 5 Porter’s analysis
FIG 6 PESTEL analysis
FIG 7 Competitive analysis of major market players, 2019
FIG 8 Competitive analysis of other prominent market players, 2019
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