Railway Management System Market: Future Challenges & Industry Growth Outlook by 2022-2026
Railway management system market demand to cross USD 55 Bn by 2026. A look at the latest trends in global railway management system industry 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).
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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.
Rising deployment of these railway management services is, therefore, set to escalate railway management systems demand, positively influencing industry outlook through the estimated 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.
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. risk of accidents, in turn bolstering railway management system market outlook through the ensuing years.
Necessity of robust railway management systems for the efficient management of resources comprising processors, storage, and memory has been prompting the utilization of Linux open source operating system for the development of railway management system software. Provision of secure and flexible features by Linux has been instrumental for its increasing adoption in software development, in turn propelling rail asset management market expansion.
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 industry outlook over the projected period.
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Some Point from Table of Contents:
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
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