Railway management system market demand is likely to spur over the coming years on account of rising consumer demand for improved public transit infrastructure. The urban population is insisting railway authorities to overhaul its existing infrastructure that is compatible with the latest technologies.

Federal organizations are also investing in railway infrastructure development projects as it directly co-relates with economic growth. Organizations are forming Public-Private Partnerships (PPPs) to adopt advanced train management systems. Railway management system market might surpass USD 55 billion by the year 2026.

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The emergence of new-age digital technologies like AI, cloud and IoT is augmenting the functioning of railway management systems. IoT have paved the way for connected systems that integrate accumulated data from sensors embedded into various railway assets. These sensors which are embedded in railway tracks help in facilitating accurate maintenance scheduling.

Advancing economic conditions could drive the adoption of modern technologies across the Asia Pacific railway sector. Various federal organizations in the region are heavily investing in railway management platform development projects to provide improved services for passengers while ensuring optimum convenience and safety. Citing an instance, in December 2019, Indian Railways revealed its plans to overhaul the signalling system throughout its network by implementing Modern Train Control solutions with LTE-based MTRC. 

Recently, the Indian railway took one more step forward towards its initiative to transform India into a digitally equipped society when it released a digitized online HRMS (Human Resource Management System) platform. Increasing number of smart city projects in Singapore and China could further broaden the business horizon for local railway management system developers. 

Established companies like IBM, Cisco, Bombardier, Nokia, ABB, Atos, Huawei, Toshiba, Eurotech, Alstom, Indra, General Electric, Trimble, Thales, Hitachi and Siemens are emphasizing on forming strategic alliances with notable players to enhance their production capabilities and market presence.

Taking November 2020 for instance, RailTel Corporation of India Limited (RailTel) partnered with the Indian Railways to deploy an integrated clinical information system called the Hospital Management Information System (HMIS) for its 650 polyclinics and 125 health facilities across the country. This will significantly improve patient healthcare and hospital administration.

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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    On-premise

6.2.1    Market estimates and forecast, 2015 - 2026

6.3    Cloud

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    QNX

7.2.1    Market estimates and forecast, 2015 - 2026

7.3    Linux

7.3.1    Market estimates and forecast, 2015 - 2026

7.4    VxWorks

7.4.1    Market estimates and forecast, 2015 - 2026

7.5    Others

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    Railway Management System Market 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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