Asia-pacific Intelligent Railways Transportation Management Systems Market 2023-2030
MARKET OUTLOOK
As per Triton Market Research’s report, the Asia-Pacific intelligent railways transport management systems market will progress with a CAGR of 11.40% in the estimated years between 2023 and 2030.
India, ASEAN countries, Australia & New Zealand, Japan, China, South Korea, and Rest of Asia-Pacific are assessed in the market in this region.
Rail travel is an important mode of passenger transportation in Japan, especially for high-speed, mass transit and commuter transport in urban areas. The privatized rail network runs with extreme efficiency, punctuality, and minimal support. This is enabled by the use of intelligent solutions for railways transport management, which drives the market growth in the country.
The Rest of Asia-Pacific region includes countries like Singapore and Malaysia, among others. These nations are developed in terms of railway automation, and have fully automated trains incorporated with the latest technologies, running. Singapore has a semi-automated network of monorail transit trains. Whereas, Malaysia boasts of a fully automated driverless metro rail system.
As of December 2018, the rail network of Australia included a total track of 36,064 km on three major track gauges. The government here aims to reduce fatalities and prevent derailment by installing digital rolling stock monitoring systems, implementing ERP, establishing wireless corridors, running heavy-haul trains specializing in the freight business, and setting up a specialized R&D Center. The wide-scale deployment of IRTMS is expected to bolster the market studied.
COMPETITIVE OUTLOOK
The eminent players in the intelligent railways transport management systems market include Tata Consultancy Services (TCS), Thales Group, Blue Yonder, SAP SE, Kuebix LLC, Oracle Corporation, and 3GTMS Inc.
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