The digital railway market is estimated to grow at a CAGR 7.49% rate from 2021 to 2026.Major factors expected to drive the growth of the digital railway market include, advancement in communication technology and surge in passenger's numbers over the past few years. System Integration and Deployment to hold a largest market share. Based on professional services, the global digital railway market is segmented into consulting, system integration and deployment, support Integration and deployment services help identify the need for adaptation or upgradation of railway IT infrastructure to support the digital railways software in the existing infrastructure and avoid the restriction of such software. These services help in speed deployment, save time and costs, enable efficient working, and minimize deployment-related disruptions. Deployment and integration services begin with collecting customer's requirements, and then deploying, integrating, testing, and rolling out solutions.
Predictive Maintenance segment to grow at a highest CAGR. Among solutions, Predictive maintenance segment to show highest CAGR during forecast period. Predictive maintenance techniques are designed to help determine the condition of in-service equipment to estimate when maintenance should be performed. This approach promises cost savings over routine or time-based preventive maintenance because tasks are performed only when warranted.
Europe to account for the largest market share. Countries from Western Europe, such as the UK, France, and Germany, have well well-established railway infrastructure, and many railway operators in this region are using some of the advanced digital railway solutions. The European countries have been investing majorly toward in the modernization and upgradation of rail infrastructures. Social and trade agreements among the European Union (EU) countries have promoted large-scale, cross-border trade and passenger traffic in the European region.
Key market players include Siemens (Germany), Cisco (US), Hitachi (Japan), Alstom (France), IBM (US), ABB (Switzerland), Huawei (China).
Critical Questions the Report Answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the digital railway market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Market Dynamics
- Drivers
- Increasing Investments in the Railway Sector in Various Countries
- Surge in Passenger Numbers Over the Past Few Years
- Advancement in Communication Technology
- Challenges
- Increased Threat of Cyberattacks as Railway Systems Becomes More Digital
- Lack of IT Infrastructure and Skilled Personnel
- Opportunities
- Autonomous Train Represents Significant Opportunity for the Digital Railway Solution Providers
- Emerging Trend of Smart Cities
- Executive Summary
- Digital Railway Market, By Solution
- Remote Monitoring
- Route Optimization and Scheduling
- Analytics
- Network Management
- Predictive Maintenance
- Security
- Others
- Digital Railway Market, By Service
- Professional Services
- Consulting
- System Integration and Deployment
- Support and Maintenance
- Managed Services
- Digital Railway Market, By Application
- Rail Operations Management
- Rail Automation Management
- Rail Control
- Signaling Solution
- Rail Traffic Management
- Freight Management
- Smart Ticketing
- Workforce Management
- Passenger Information System
- Asset Management
- Others
- Digital Railway Market, By Region
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Middle East and Africa
- Nigeria
- United Arab Emirates
- South Africa
- Rest of Middle East and Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Company Profiles
- Siemens
- Cisco
- Hitachi
- Alstom
- IBM
- ABB
- Huawei
- Thales
- Fujitsu
- DXC
- Indra
- Nokia
- Atkins
- Toshiba
- Bombardier
- *Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
