Middle East And Africa Intelligent Railways Transportation Management Systems Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report on the Middle East and Africa intelligent railways transport management systems market states that it would progress with a CAGR of 8.48% in the forecast years from 2023 to 2030.
Saudi Arabia, Turkey, the United Arab Emirates, South Africa, Israel, and Rest of Middle East & Africa are scrutinized in the market in this region.
Rail travel is an essential component of the transportation infrastructure of South Africa. All major cities are connected by rail, and the country has the most advanced rail network in the African continent.
South Africa’s railway sector is owned by its government. In 2021, the state-owned rail utility, Transnet Freight Rail (TFR), announced its plans to add concessionary third-party operators for its branch line network, and, eventually, plans to add them for its main line network.
TFR is working for the commercial separation of rail infrastructure from operations by 2023 so as to meet the objective of National Infrastructure Plan 2050. With this, the railway operator will eventually be able to generate tariffs for third parties.
Moreover, TFR is also developing a hook-and-haul service to boost the amount of private freight rolling stock, which is expected to influence the adoption of intelligent railways transport management systems in the country over the forecasted years.
The Ministry of Transport of Turkey aims to enhance the percentage of railroads for passenger transportation, to 6.2%, as part of its vision for 2053. This amounts to 270 million, which is an increase from the present yearly average of 19.5 million passenger kilometers. These goals will be met with the adoption of intelligent railways TMS, and are expected to favor the studied market’s growth.
COMPETITIVE OUTLOOK
Some notable players operating in the intelligent railways transport management systems market include SAP SE, Oracle Corporation, Thales Group, 3GTMS Inc, Siemens AG, Tata Consultancy Services (TCS), and Denso Corporation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook