DUBLIN, May 1, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/5gcxvr/railway) has announced the addition of the "Railway Management System Market (Operations Management, Intelligent Signaling, Traffic Analytics, Asset Management, Control Systems, Maintenance Management, System Integration, Cloud Hosting) - Worldwide Market Forecasts and Analysis (2014-2019)" report to their offering.
The growing economies in the world have made a greater impact upon the development and growth of the railway industry. The demand for railway service is climbing high due to population growth. This growth in economy and population drives the demand for supply goods and travel.
Thus, the main driver to the global rail industry is the economic and demographic growth. The technological advancements promise upgrades in the railway infrastructure. The railway industry holds a strategic impact upon the economy of a country. For the efficient management of the railways, a system with the help of the modern technology has become a necessity.
The concept of railway management system is thus introduced as the solution and service for the present day management of the global railway industry. This tool with the help of the new age Information and Communication Technology (ICT) will be the genuine solution for its precise management and operations.
Railway management system market combines software systems, products, and solutions to make more intelligent use of all rail assets, from tracks to trains, so that the railway management authority can meet the increasing passenger demand for more efficient and safer services.
Trends like regulation, sustainability, demographics (growing traffic and ageing population), economics (limited public funding and price sensitivity), mobility, and Information Technology (IT) innovations are creating an impact on the rail industry. As a result, every aspect of the railway industry value chain; right from passenger service to the back-end organization; is changing. The future rail industry is expected to rely upon smarter transportation systems that leverage technologies over larger rail network infrastructure.
New technologies include integrated operations management, asset management, traffic management, maintenance management, and control systems and solutions, which are expected to help the rail management companies to manage optimal routes, schedules, and capacity in near real-time basis. With the increasing presence of smart technologies in the rail transportation, the associated solutions and services market will grow globally, at higher growth rates.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Railway Management Systems: Market Size And Forecast By System And Solution
5 Railway Management Systems: Market Size And Forecast By Service
6 Railway Management Systems: Recent And Ongoing Projects
7 Railway Management Systems: Market Size And Forecast By Region
8 Railway Management Systems: Market Landscape
9 Company Profiles
- Abb Ltd.
- Alstom Sa
- Ansaldo Sts
- Bombardier, Inc.
- Computer Sciences Corporation
- GE Transportation
- Hitachi, Ltd.
- IBM Corporation
- Indra Sistemas, S.A.
- Siemens Ag
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SOURCE Research and Markets