The railway management system market is set to grow from its current market value of more than USD 35 billion to over USD 55 billion. 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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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. An inclusive availability of information using these resources is likely to cause a substantial reduction in the risk of accidents, in turn bolstering railway management system market outlook through the ensuing years.

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.

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.

Rising deployment of these railway management services is, therefore, set to escalate railway management systems demand, positively influencing industry outlook through the estimated timeframe.

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. 

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 market 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    railway management system market estimates and forecast, 2015 - 2026

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