Global Digital Railway Market Size study & Forecast, by Solutions (Remote Monitoring, Network Management, Security, Analytics) by Services (Managed Services, Professionals) by Application (Rail Operations Management, Passenger Information System, and Asse

Global Digital Railway Market Size study & Forecast, by Solutions (Remote Monitoring, Network Management, Security, Analytics) by Services (Managed Services, Professionals) by Application (Rail Operations Management, Passenger Information System, and Asset Management) and Regional Analysis, 2022-2029

Global Digital Railway Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Digital Railway refers to the digitalization and transformation of technologies such as advancement in services, automated ticketing process, railway operations, managing railway traffic, self-learning algorithms, maintenance schedules with managing railway traffic, and so on. It includes the adoption of the latest software solutions across the railway infrastructure to upgrade public demand in an effective way and offer safe services. The Digital Railway Market is expanding because of factors such as rising passenger numbers and the adoption of IoT devices in railways in the forecast period.

According to the World Bank in 2018, around 3 million people in Afghanistan, 1,602 million in Algeria, 17,586 in Australia, 13,205 in Austria, and 466 million people in Azerbaijan are dependent on the railway for transportation every day. Also, according to the Eurek Alert in 2020, an increase of around 2.4% has been seen in morning arrivals and a 1.2 % increase is seen in evening departures via train. Whereas the requirement for advanced transportation infrastructure and the demand & adoption of autonomous trains globally by the government of various countries creates lucrative opportunities for the market. However, higher deployment cost hampers the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Digital Railway Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominated the market across the globe in terms of revenue generation, owing to the rising investment in the modernization of railway services. Additionally higher cross-border trade and rising passenger traffic is another major factor boosting the market growth across the region. Also,Europe is projected to grow with the highest CAGR owing to the factors such as rising digitalization, and adoption of IoT devices across railway services in the forecast period.

Major market players included in this report are:
Siemens (Germany),
Cisco System, Inc (US),
Hitachi, Ltd (Japan),
Wabtec Corporation (US),
Alstom (France),
International Business Machines Corporation
ABB (Switzerland),
Huawei Technologies Co., Ltd.
Thales Group (France),
Fujitsu Limited (Japan),

Recent Developments in the Market:
 In December 2021, Siemens in collaboration with VGF (Germany) developed Digital Train Control System. This new and advanced system has replaced the conventional train control system used in metro and train networks. It offers increased capacity, and efficiency of train routes, especially across underground sections.
 In November 2021, ABB Ability One Box – Marine Signals Monitoring introduced a new point of entry to digitalization for ship owners. It provides data about ship performance which helps improve efficiency, fuel consumption, reduces emissions, and so on. It also provides information to the ship owners that helps them meet the International Maritime Organization’s decarbonization requirements for the existing ships.

Global Digital Railway Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Solutions, Services, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the market’s future growth. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Solutions:
Remote Monitoring,
Network Management
Security
Analytics

By Services:
Managed Services
Professionals

By Application:
Rail Operations Management,
Passenger Information System,
Asset Management

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Siemens (Germany),
Cisco System, Inc (US),
Hitachi, Ltd (Japan),
Wabtec Corporation (US),
Alstom (France),
International Business Machines Corporation
ABB (Switzerland),
Huawei Technologies Co., Ltd.
Thales Group (France),
Fujitsu Limited (Japan),

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