Railway Management System Market Expected to Witness a Sustainable Growth over 2027: Bombardier, Inc, DXC Technology Company, EKE-Electronics Ltd,

The global railway management system market accounted to US$ 15.0 Bn in 2018 and is expected to grow at a CAGR of 12.9% during the forecast period 2019 – 2027, to account to US$ 43.4 Bn by 2027.

Hyper-urbanization, advanced technologies and high demographic growth, are the major drivers which are propelling railway management systems market growth. Whereas, ineffective management of maintenance and operating costs may act as key challenges for the market growth. However, rising demand for multimodal transport, and road congestion issues owing to rapid urbanization are expected to generate significant opportunities for the railway management system market. The railway systems themselves have experienced an intense era of modernization through complex automation developments including, onboard communication systems and driverless trains.

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The intensifying trend of building smart cities and smart transportation networks denotes a burgeoning impact on the market for railway management system as most of the advancements are revolving around the public transportation networks. These systems aid in implementation of advanced data and technology in order to improve the sustainability, mobility, and efficiency of the railway networks. Recently, the Indian Ministry of Railways had entered into a strategic alliance with the Ministry of Urban Development to ensure development of smart stations as a part of India’s ongoing mission of Smart Cities. Under this, there are over 400 stations in India being redeveloped for providing advanced facilities and easier access.

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The major players operating in the market for the railway management system market are Bombardier, Inc, DXC Technology Company, EKE-Electronics Ltd, General Electric Company, Hitachi, Ltd., Huawei Technologies Co., Ltd., Indra Sistemas S.A., OptaSense, Siemens AG, and Thales Group among others.

The railway management system market by the solution is segmented into the traffic management system, railway reservation system, operations management system, passenger information system, maintenance management system, and others. The traffic management system holds a significant share in the market in 2018 and the maintenance management system is expected to be the fastest-growing solution during the forecast period. Rail traffic management comprises traffic control, signaling, routing, and train schedules. A traffic management system creates the staff and train roasters that are based on traffic situations. It also provides the actual diagrams for daily operations and delivers this information to the operating companies and the operation management system. A maintenance management system offers the station staff, train staff, and the maintenance staff with crucial working information related to the train operation status and the real-time diagrams. The Maintenance Management Information System (MMIS) is deployed as a system for asset information registration & management.

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