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The global digital railway market size is anticipated to reach USD 68 billion By 2025. Factors such as government initiatives and Public-Private Partnership (PPP), hyper-urbanization, and high demographic growth, along with the adoption of automation technologies to improve optimization are anticipated to fuel the digital railway industry growth in the coming few years.
Trains convey millions of passengers and freight every year, and rail organizations completely depend on reliable and efficient rail infrastructure and asset operations to successfully meet the increasing demand for rail operations. Information & Communication Technology has contributed significantly to delivering operations & asset management solutions for the rail companies. To construct a smarter railway infrastructure, railway experts require advanced and efficient digital railway solutions that are likely to promote the industry growth in the coming future.
Key Segments of the Global Digital Railway Market
Offerings Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
Governments throughout the globe are undertaking strategic investments within the rail industry to upgrade the current railway infrastructure, thus, enhancing the rail transportation system of the nation. The Digital Railway system provides enhanced control and operation, traffic planning, passenger and staff information management, data analytics, among others. Additionally, advanced train management solutions implement on-train processing and advanced digital communication to keep track of the location and speed of trains. On the other hand, the digital railway also delivers disaster management, which is upheld to be essential for the safeguarding of human lives and assets.
In March 2019, Siemens Mobility introduced Digital Lab, a project for its Intelligent Traffic System situated in Germany. This would help to streamline the railway traffic digitally, thus, decreasing road congestion and population. On the other hand, growing smart city projects and metro transportation within the developing economies is anticipated to have a positive impact on the digital railway industry growth.
Offerings Segment
Based on the offerings segment, the market is bifurcated into two sub-segments that are solutions, and services. The solutions segment is further classified into remote monitoring, route optimization, and scheduling, analytics, network management, predictive maintenance, security, others. Whereas the services segment is further classified into managed services, and professional services.
The predictive maintenance segment is anticipated to grow at a significant CAGR over the forecast period. However, the network management segment to witness the largest market share in 2019. The major share of segment revenue is likely to come from the European region, owing to a wide application of modern rail infrastructure within the rail industry.
Application Segment
Based on the application, the market is segmented into rail operations management, passenger information system, asset management, and others. The market for a passenger information system is anticipated to possess the largest market share in 2019. However, rail operation management is likely to grow at the highest growth rate from 2020 to 2028.
The global digital railway market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. Europe is considered a mature market in the digital railway applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. Nations from Western Europe including France, Germany, and the UK, have well-established railway infrastructure equipped with advanced digital railway systems. Moreover, Social, as well as trade agreements within the European Union nations, have encouraged cross-border trade, as well as passenger traffic commute in Europe.
The major players of the global digital railway market are Siemens, Hitachi, Alstom, Cisco, IBM, ABB, Huawei, Fujitsu, DXC, Indra, Thales, Atkins, Toshiba, and more. The digital railway market is fragmented with the existence of well-known global and domestic players across the globe.
The global digital railway market size is anticipated to reach USD 68 billion By 2025. Factors such as government initiatives and Public-Private Partnership (PPP), hyper-urbanization, and high demographic growth, along with the adoption of automation technologies to improve optimization are anticipated to fuel the digital railway industry growth in the coming few years.
Trains convey millions of passengers and freight every year, and rail organizations completely depend on reliable and efficient rail infrastructure and asset operations to successfully meet the increasing demand for rail operations. Information & Communication Technology has contributed significantly to delivering operations & asset management solutions for the rail companies. To construct a smarter railway infrastructure, railway experts require advanced and efficient digital railway solutions that are likely to promote the industry growth in the coming future.
Key Segments of the Global Digital Railway Market
Offerings Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Advancement in Communication Technology
4.3.1.2 Surge in Passenger Numbers Over the Past Few Years
4.3.2 Restraints
4.3.2.1 Lack of Strong Railway Infrastructure in Underdeveloped Countries
4.3.3 Opportunities
4.5 PEST Analysis
4.6 COVID-18 Impact Analysis
Chapter 5 Digital Railway Market By Offerings
5.1 Introduction
5.1.1 Solutions
5.1.1.1 Asset Performance Management
5.1.1.2 Analytics
5.1.1.3 Asset Planning & Scheduling
5.1.1.4 Security
5.1.1.5 Workforce Management
5.1.1.6 Others
5.1.2 Services
5.1.1.1 Professional Services
5.1.1.2 Managed Services
Chapter 6 Digital Railway Market By Application
6.1 Introduction
6.1.1 Rolling Stock
6.1.2 Infrastructure
Chapter 7 Digital Railway Market By Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Others
Chapter 9 Company Profiles
9.1 Siemens
9.1.1 Overview
9.1.2 Products and Services Portfolio
9.1.3 Recent Initiatives
9.1.4 Company Financials
9.1.5 SWOT
9.2 IBM
9.2.1 Overview
9.2.2 Products and Services Portfolio
9.2.3 Recent Initiatives
9.2.4 Company Financials
9.2.5 SWOT
9.3 Alstom
9.3.1 Overview
9.3.2 Products and Services Portfolio
9.3.3 Recent Initiatives
9.3.4 Company Financials
9.3.5 SWOT
9.4 Hitachi
9.4.1 Overview
9.4.2 Products and Services Portfolio
9.4.3 Recent Initiatives
9.4.4 Company Financials
9.4.5 SWOT
9.5 Cisco
9.5.1 Overview
9.5.2 Products and Services Portfolio
9.5.3 Recent Initiatives
9.5.4 Company Financials
9.5.5 SWOT
9.6 Huawei
9.6.1 Overview
9.6.2 Products and Services Portfolio
9.6.3 Recent Initiatives
9.6.4 Company Financials
9.6.5 SWOT
9.7 ABB
9.7.1 Overview
9.7.2 Products and Services Portfolio
9.7.3 Recent Initiatives
9.7.4 Company Financials
9.7.5 SWOT
9.8 Fujitsu
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.8 DXC
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.9 Atkins
9.9.1 Overview
9.9.2 Products and Services Portfolio
9.9.3 Recent Initiatives
9.9.4 Company Financials
9.9.5 SWOT
9.10 Other Companies