PUNE, India, December 13, 2016 /PRNewswire/ --
According to a new market research report "Railway Management System Market by System & Solution (Railway Traffic Management System, Rail Operations Management System, Rail Maintenance Management System), Service (Professional and Managed), and Region - Global Forecast to 2021" published by MarketsandMarkets, the market size expected to grow from USD 29.27 Billion in 2016 to USD 57.88 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.6% during the period 2016-2021.
Browse 87 market data Tables and 49 Figures spread through 165 Pages and in-depth TOC on "Railway Management System Market"
Early buyers will receive 10% customization on this report.
The major drivers for upsurge in demand for railway management systems & solutions and services include an increasing demand for improved services in railways, government initiatives, and emergence of Internet of Things (IoT). High demographic growth and hyper-urbanization are the major drivers for the Railway Management System Market.
Rail traffic management system is expected to hold the largest market share in the Railway Management System Market
The rail traffic management involves signaling, traffic control, routing, and train scheduling. The system offers a flexible solution to increase the network capacity & time efficiency, regulate flow of traffic, reduce the risk of operational delays, and improve disaster management over the network. The growth of rail traffic management system is also attributed to the need for advanced transportation infrastructure.
Managed services segment is expected to grow at the highest CAGR during the forecast period
On the basis of services, the managed services segment is expected to grow at the highest CAGR during the forecast period. Managed services support the implementation of railway management systems & solutions, across trains and stations.
Europe is expected to hold the largest market share in the Railway Management System Market
As per the geographic analysis, Europe is likely to benefit from its technological advancements, followed by the high usage of IoT and data analytics platforms, across various rail management operations. The planned investment to improve urban transport and traffic infrastructures in France, Germany, Italy, and the U.K. are expected to drive the European railway transportation market. The European Rail Traffic Management System (ERTMS) is an initiative by Europe to encourage cross-border trade, standard train-control, and command technology throughout its member states.
Make an Enquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=193193339
The major vendors covered in the Railway Management System Market for this study include Alstom SA (Saint-Ouen, France), Cisco Systems, Inc. (San Jose, U.S.), General Electric (Connecticut, U.S.), ABB Ltd. (Zurich, Switzerland), IBM Corporation (New York, U.S.), Hitachi Limited (Tokyo, Japan), Bombardier, Inc. (Quebec, Canada), Huawei Technologies Co. Ltd. (Shenzhen, China), Indra Sistemas SA (Alcobendas, Spain), Siemens AG (Munich, Germany), Alcatel-Lucent (Paris, France), and Ansaldo STS (Genoa, Italy).
Browse Related Reports:
Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information System, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020
Smart Railways Market by Solution (Passenger Information, Freight Information, Rail Communication, Advanced Security Monitoring, Rail Analytics), Component, Service (Professional, Managed), and Region - Global Forecast to 2021
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets