Railway Management System

Railway Management System

Global Railway Management Systems Market to Reach $60.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Railway Management Systems estimated at US$39.3 Billion in the year 2020, is projected to reach a revised size of US$60.6 Billion by 2027, growing at aCAGR of 6.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$50.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 7.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $10.8 Billion, While China is Forecast to Grow at 10.9% CAGR

The Railway Management Systems market in the U.S. is estimated at US$10.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.1 Billion by the year 2027 trailing a CAGR of 10.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Select Competitors (Total 18 Featured) -

• ABB Group
• Alstom SA
• Amadeus IT Group SA
• Ansaldo STS SpA
• Atos SA
• Bombardier, Inc.
• Cisco Systems, Inc.
• DXC Technology Company
• EKE-Electronics Ltd.
• Eurotech SpA
• Frequentis AG
• GAO RFID, Inc.
• General Electric Company
• Hitachi Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Indra Sistemas SA
• Nokia Networks
• OptaSense
• Siemens AG
• Sierra Wireless, Inc.
• Tech Mahindra Ltd.
• Thales Group
• Toshiba Corporation
• Trimble, Inc.

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