North America Railway Management System Market share to Dominate Worldwide by 2024

The research report on North America Railway Management System Market provides a comprehensive understanding of the overall market with substantial details including its position in the global economy and its applications across myriad end-users segments. According to the given report, the North America railway management system industry revenue surpassed USD 9 billion in  2017 and is anticipated to record a remuneration of USD 17 billion by 2024, exhibiting a growth rate of 10% over 2019-2024. Moreover, the study also incorporates information on the current market scenario, developing technologies, widespread competitive landscape, market tactics, future prospects, and vivid market segmentations.

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The report also summarizes various factors that are likely to drive the growth of this industry over the foreseeable period, in line with offering details of the ongoing trends that the given industry is characterized by. As per the given report, the North American railway management system market is fragmented on the basis of deployment model, component, regions, and competitive landscape.

The rising adoption of AI and cloud-based services in railways is a major factor contributing to market growth. It assists the rail operators for the remote monitoring of the system, predicting failures before they occur. For instance, Fujitsu in partnership with SRI International developed a new system for rail delay prediction solution through artificial intelligence. These systems will predict the length of delays depending on the information of the past train delay and deliver these updates to the concerned authorities through cloud-based services.

Based on the geographical landscape, the industry has been diversified into various regions including U.S., Canada. The market study includes minute details on growth driving factors, trending growth opportunities, respective growth rates, technologies being used, favorable and unfavorable regulatory reforms, and individual market shares.

The stringent regulations established by the government will also support market demand. The rail safety regulation established by the U.S. Federal Railroad Administration (FRA) and the Canadian Railway Safety Act are some of the major regulations enforced by the North American government for ensuring railroad safety, security accessibility, and environmental efficiency.

The railway management system market in North America is highly concentrated and boasts robust presence of myriad companies including IBM, Cisco, Bombardier, GAP RFID, DXC Technology, Computer Science Corporation, Sierra Wireless, and Trimble. The document incorporates details on the sales graph of reach of each of the enlisted firm, their market strategies to sustain their position in the overall market, individual company profiles and market share and size, and their stance in the worldwide industry landscape.

[TOC Chapters]

 

Chapter 4. North America Railway Management System Market Size, by Deployment Model, 2013 – 2024

 

  • On-premise
  • Cloud

 

Chapter 5. North America Railway Management System Market Size, by Component, 2013 – 2024

 

  • Solution
    • Rail Operation Management System
      • Facility Management Solution
      • Revenue Management Solution
      • Ticketing Management Solution
      • Workforce Management Solution
      • Rail Automation Management Solution
    • Rail Traffic Management System
      • Intelligent Signaling Solution
      • Real-Time Train Planning and Route Scheduling Solution
      • Centralized Traffic Control Solution   
    • Rail Asset Management System
      • Train Information Solution
      • Track Monitoring Solution
    • Rail Control System
      • Positive Train Control Solution
      • Communication-Based Train Control Solution
      • Integrated Control System
    • Rail Maintenance Management System
      • Vehicle Maintenance Scheduling Solution
      • Predictive Analytics for Maintenance Management Solution
    • Passenger Information System (PIS)
    • Rail Security
    • Others
  • Service
    • Training and Consulting
    • System Integration and Deployment
    • Support and Maintenance


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