Digital Railway Market
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The digital railway market is estimated to grow at a CAGR 7.48% rate during the forecast period. Major factors expected to drive the growth of the market include, advancement in communication technology and surge in passengers’ numbers over the past few years.
System Integration and Deployment to hold a largest market share. Based on professional services, the global 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 customers’ 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 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?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Digital Railway Market, By Application
Passenger Information System
Rail Operations Management
6. Digital Railway Market, By Service
7. Digital Railway Market, By Solution
Route Optimization and Scheduling
8. Digital Railway Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
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