North America Intelligent Railways Transportation Management Systems Market Forecast 2023-2032
KEY FINDINGS
The North America intelligent railway transportation management systems market is projected to register a CAGR of 12.31% during the forecast period, 2023-2032. The market growth is attributed to the regional government’s growing inclination toward smart city infrastructure development. This is further projected to boost investments in smart railways infrastructure. A smart station is designed to expand its area of influence in a smart city through networks, digital, energy, and transport.
MARKET INSIGHTS
Canada and the United States are evaluated for the North America intelligent railway transportation management systems market growth analysis. In Canada, the rail transport industry is central to its transportation system, with over 46,000 kilometers of tracks. The rail transport industry generates around $10 billion annually. Of this, 95% is attributed to rail freight operations and around 5% to commuter, tourist passenger, and intercity rail services in leading urban regions, corridors, and centers.
Moreover, Transport Canada has taken the initiative to ensure prominent freight railways in the country deploy enhanced train control (ETC), a safety for tracking the distances between trains. It is the domestic version of positive train control (PTC) in the United States. Although enhanced train control (ETC) is not needed in Canada, the 2018 Railway Safety Act review panel and the Transportation Safety Board of Canada (TSB) have advocated for its implementation. Such factors offer growth opportunities for the Canada intelligent railway transportation management systems market.
COMPETITIVE INSIGHTS
Some of the prominent companies in the market are SAP SE, Siemens AG, Oracle Corporation, MercuryGate International Inc, Blue Yonder, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.4.1. Impact Of Covid-19
- 2.4.2. Effects Of The Russia-ukraine War
- 2.5. Major Market Findings
- 2.5.1. Smart Sensors Have A Central Role In Irtms
- 2.5.2. Key Vendors Are Working On The Technical Integration Of Rail Services With Numerous Transportation Modes
- 2.5.3. Surging Global Population Is Integral To Irtms Growth
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Ability Of Irtms To Minimize Fuel Consumption
- 3.1.2. Growing Optimization Of Key Functions In Transportation
- 3.1.3. Advancements In E-commerce
- 3.1.4. Expanding Population Due To Hyper Urbanization
- 3.1.5. Launch Of New Technologies In Railway Traffic Management
- 3.2. Key Restraints
- 3.2.1. Distinct Irtms Solutions Have Massive Deployment Costs
- 4. Key Analytics
- 4.1. Parent Market Analysis
- 4.2. Key Technology Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Growth Prospect Mapping
- 4.5. Market Concentration Analysis
- 4.6. Value Chain Analysis
- 4.6.1. Manufacturers
- 4.6.2. Distributors
- 4.6.3. Customers
- 4.7. Key Buying Criteria
- 4.7.1. Product Features
- 4.7.2. Application
- 4.7.3. Superior Technology
- 5. Market By Component
- 5.1. Service
- 5.1.1. Cloud Management Service
- 5.1.2. Support And Maintenance Service
- 5.2. Software
- 5.2.1. Video Recording Software
- 5.2.2. Database Management System
- 5.2.3. Smart Traffic Management Analysis Software
- 5.2.4. Other Software Components
- 5.3. Hardware
- 5.3.1. Information And Rule Display
- 5.3.2. Security And Surveillance Camera
- 5.3.3. Line Wire
- 5.3.4. Sensor
- 5.3.5. Other Hardware Components
- 6. Market By Application
- 6.1. Passenger Information Management
- 6.1.1. Market Forecast Figure
- 6.1.2. Segment Analysis
- 6.2. Automated Ticketing
- 6.2.1. Market Forecast Figure
- 6.2.2. Segment Analysis
- 6.3. Automated Traffic Control
- 6.3.1. Market Forecast Figure
- 6.3.2. Segment Analysis
- 6.4. Other Applications
- 6.4.1. Market Forecast Figure
- 6.4.2. Segment Analysis
- 7. Geographical Analysis
- 7.1. North America
- 7.1.1. Market Size & Estimates
- 7.1.2. North America Intelligent Railways Transportation Management Systems Market Drivers
- 7.1.3. North America Intelligent Railways Transportation Management Systems Market Challenges
- 7.1.4. North America Intelligent Railways Transportation Management Systems Market Regulatory Framework
- 7.1.5. Key Players In North America Intelligent Railways Transportation Management Systems Market
- 7.1.6. Country Analysis
- 7.1.6.1. United States
- 7.1.6.1.1. United States Intelligent Railways Transportation Management Systems Market Size & Opportunities
- 7.1.6.2. Canada
- 7.1.6.2.1. Canada Intelligent Railways Transportation Management Systems Market Size & Opportunities
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.2. Company Profiles
- 8.2.1. 3gtmas Inc
- 8.2.1.1. Company Overview
- 8.2.1.2. Financial Analysis
- 8.2.1.3. Products List
- 8.2.1.4. Strengths & Challenges Analysis
- 8.2.2. 3t Logistics & Technology Group
- 8.2.2.1. Company Overview
- 8.2.2.2. Financial Analysis
- 8.2.2.3. Products List
- 8.2.2.4. Strengths & Challenges Analysis
- 8.2.3. Blue Yonder
- 8.2.3.1. Company Overview
- 8.2.3.2. Financial Analysis
- 8.2.3.3. Products List
- 8.2.3.4. Strengths & Challenges Analysis
- 8.2.4. Denso Corporation
- 8.2.4.1. Company Overview
- 8.2.4.2. Financial Analysis
- 8.2.4.3. Products List
- 8.2.4.4. Strengths & Challenges Analysis
- 8.2.5. Ibm
- 8.2.5.1. Company Overview
- 8.2.5.2. Products List
- 8.2.5.3. Strengths & Challenges Analysis
- 8.2.6. Kuebix Llc
- 8.2.6.1. Company Overview
- 8.2.6.2. Products List
- 8.2.6.3. Strengths & Challenges Analysis
- 8.2.7. Manhattan Associates Inc
- 8.2.7.1. Company Overview
- 8.2.7.2. Financial Analysis
- 8.2.7.3. Products List
- 8.2.7.4. Strengths & Challenges Analysis
- 8.2.8. Mercurygate International Inc
- 8.2.8.1. Company Overview
- 8.2.8.2. Products List
- 8.2.8.3. Strengths & Challenges Analysis
- 8.2.9. Oracle Corporation
- 8.2.9.1. Company Overview
- 8.2.9.2. Financial Analysis
- 8.2.9.3. Products List
- 8.2.9.4. Strengths & Challenges Analysis
- 8.2.10. Sap Se
- 8.2.10.1. Company Overview
- 8.2.10.2. Financial Analysis
- 8.2.10.3. Products List
- 8.2.10.4. Strengths & Challenges Analysis
- 8.2.11. Siemens Ag
- 8.2.11.1. Company Overview
- 8.2.11.2. Products List
- 8.2.11.3. Strengths & Challenges Analysis
- 8.2.12. Tata Consultancy Services Limited (Tcs)
- 8.2.12.1. Company Overview
- 8.2.12.2. Financial Analysis
- 8.2.12.3. Products List
- 8.2.12.4. Strengths & Challenges Analysis
- 8.2.13. Thales Group
- 8.2.13.1. Company Overview
- 8.2.13.2. Financial Analysis
- 8.2.13.3. Products List
- 8.2.13.4. Strengths & Challenges Analysis
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