North America Intelligent Railways Transportation Management Systems Market 2023-2030
MARKET OUTLOOK
According to the study by Triton Market Research, the North American intelligent railways transport management systems market is likely to grow with a CAGR of 11.35% in the forecasted period from 2023 to 2030. Canada and the United States are analyzed in the market report for this region.
With a length of nearly 260,000 km, the United States boasts of having the greatest rail transportation network of any country in the world. In the United States, freight shipments account for the majority of rail traffic, with a well-integrated network of standard gauge railroads for private freight, which stretches up to Canada and Mexico.
In big cities, mass transit modes and commuter rail account for the majority of passenger service. Intelligent railways transport management systems are expected to be incorporated for the further development of these services, which, in turn, will foster the market’s growth over the forecasted period.
In Canada, the Canadian Pacific Railway (CPR) and the Canadian National Railway (CN) are the two dominant freight rail operators. Both of these are Class I railways, which implies that their revenues have exceeded $250 million in the last few years. These two firms serve as key supply chain links for the important trade gateways and corridors of the country. This calls for the implementation of intelligent railways transport management systems to ensure functional efficiency for the Canadian market.
COMPETITIVE OUTLOOK
Kuebix LLC, Tata Consultancy Services (TCS), IBM Corporation, Denso Corporation, Blue Yonder, Siemens AG, and SAP SE are some of the noteworthy players operating in the intelligent railways transport management systems market.
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