Digital Railway Market by Offering (Solutions and Services), Application Type (Rail Operations Management, Passenger Experience, and Asset Management), Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2024

Increaseing investment in railway infrastructure to drive the digital railway market growth
MarketsandMarkets projects the digital railway market to grow from USD 50.0 billion in 2019 to USD 74.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.4% from 2019 to 2024. Major factors expected to drive the growth of the digital railway market include, advancement in communication technology and surge in passengers numbers over the past few years.
By solution, remote monitoring segment to account for the highest market share during the forecast period
Railways have limited operational flexibility, and face increasing passenger and freight traffic demand on existing infrastructure. The reliable provision of additional capacity requires an improved system for traffic control and management purposes, as well as for system reliability and safety. The use of smart infrastructure for fault prediction and the guidance of preventive maintenance helps maintain operational capacity and improves reliability of railway infrastructure and operational efficiency. The solutions enable organizations to view data from all railway assets and components. The solutions connect all assets to the central platform. Remote monitoring solutions detect abnormalities and set up notification rules to be alerted about abnormal or defective behavior in time.
By service, professional services segment to hold a larger market size during the forecast period
Professional services are provided by professionals or experts to assist customers. They include deployment and integration, training and consulting, and support and maintenance. Professional services vendors offer a broad array of services with the help of cutting-edge technologies, tools, and strategies to meet the needs of organizations. Deployment and integration services ensure the proper integration of the digital railway solutions and services with various other components of the Information Technology (IT) system. Support and maintenance services aim at providing technical support to customers and delivering enhancements and upgradations to the platform. Consulting services are used by customers to analyze their needs and understand the best fit according to their requirements.

Among regions, Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is estimated to be the fastest-growing region in terms of the growth of the digital railway market, owing to the increasing adoption of new technologies, higher investments for digital transformation, and the increasing Gross Domestic Product (GDP) in the APAC countries. A majority of the potential economies in this region include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be rapidly investing in technological transformation. According to data published on the website of United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in 2019, the length of Trans-Asian Railway network comprises 117,500 km of railway lines serving 28 member countries. The high population growth rate in the region has intensified the need for transformation and expansion of the existing rail infrastructure. With untapped potential markets, the high penetration of advanced technologies, the growing freight usage in various industries, and the economic developments and government regulations are expected to drive the digital railway market growth at the highest rate in APAC during the forecast period.



The breakup of the profiles of the primary participants is given below:
‧ By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
‧ By Designation: C-Level Executives – 35%, Director Level – 25%, and Managers–40%
‧ By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%
The following key digital railway vendors are profiled in the report:
Siemens(Germany)
Cisco (US)
Hitachi (Japan)
Altsom (France)
IBM (US)
ABB (Switzerland)
Huawei (China)
Thales (France)
Fujitsu (Japan)
DXC (US)
Indra (Spain)
Nokia (Finland)
Atkins (UK)
Toshiba (Japan)
Bombardier (Canada)



Research Coverage
The digital railway market is segmented by solution (remote monitoring, route optimization and scheduling, analytics, network management, predictive maintenance, security, and others), service(professional services [consulting system integration and deployment] support and maintenance and managed services), application type (rail operation management [rail automation management, rail control, {signaling solution, rail traffic management, freight management} smart ticketing, workforce management], smart ticketing, passenger information system, asset management, and others), and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the digital railway market.
Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways:
‧ It comprehensively segments the digital railway market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
‧ It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
‧ It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 MARKET SEGMENTATION 18
1.3.2 REGIONS COVERED 18
1.4 YEARS CONSIDERED FOR THE STUDY 19
1.5 CURRENCY CONSIDERED 19
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Breakup of primary profiles 23
2.1.2.2 Key industry insights 23
2.2 MARKET BREAKUP AND DATA TRIANGULATION 24
2.3 MARKET SIZE ESTIMATION 24
2.3.1 TOP-DOWN APPROACH 25
2.3.2 BOTTOM-UP APPROACH 25
2.4 MARKET FORECAST 26
2.5 ASSUMPTIONS FOR THE STUDY 27
2.6 LIMITATIONS OF THE STUDY 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE DIGITAL RAILWAY MARKET 32
4.2 DIGITAL RAILWAY MARKET, BY OFFERING, 2019 32
4.3 DIGITAL RAILWAY MARKET, BY APPLICATION, 2017–2024 33
4.4 DIGITAL RAILWAY MARKET, BY SERVICE, 2019 VS. 2024 33
4.5 MARKET INVESTMENT SCENARIO 34
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5 MARKET OVERVIEW AND INDUSTRY TRENDS 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
5.2.1 DRIVERS 36
5.2.1.1 Increasing investments in the railway sector in various countries 36
5.2.1.2 Surge in passenger numbers over the past few years 36
5.2.1.3 Advancement in communication technology 36
5.2.2 RESTRAINTS 37
5.2.2.1 Lack of strong railway infrastructure in underdeveloped countries 37
5.2.3 OPPORTUNITIES 37
5.2.3.1 Autonomous train represents significant opportunity for the digital railway solution providers 37
5.2.3.2 Emerging trend of smart cities 37
5.2.4 CHALLENGES 38
5.2.4.1 Increased threat of cyberattacks as railway systems becomes more digital 38
5.2.4.2 Lack of IT infrastructure and skilled personnel 38
5.3 INDUSTRY TRENDS 39
5.3.1 USE CASES 39
5.3.1.1 Use case 1: BAE Systems 39
5.3.1.2 Use case 2: Thales 39
5.3.1.3 Use case 3: Huawei 39
5.3.1.4 Use case 4: Cisco 40
5.3.2 RAILWAY INFRASTRUCTURE INVESTMENT BY COUNTRY 40
5.4 INNOVATION SPOTLIGHT 41
5.4.1 INTERNET OF THINGS IN RAILWAYS 41
5.4.2 BIG DATA ANALYTICS AND CLOUD COMPUTING IN RAILWAYS 41
5.4.3 HYPERLOOP - THE FUTURE OF TRANSPORTATION 41
5.4.4 DRONES FOR IDENTIFYING RAILWAY INFRASTRUCTURE ISSUES 42
5.4.5 AUTOMATIC WARNING SYSTEM 42
6 DIGITAL RAILWAY MARKET, BY SOLUTION 43
6.1 INTRODUCTION 44
6.2 REMOTE MONITORING 45
6.2.1 REMOTE MONITORING SOLUTIONS TO IMPROVE THE RELIABILITY OF THE RAILWAY INFRASTRUCTURE 45
6.3 ROUTE OPTIMIZATION AND SCHEDULING 45
6.3.1 ROUTE OPTIMIZATION AND SCHEDULING SOLUTIONS TO ENABLE EFFICIENT PLANNING AND MANAGEMENT OF ROUTINE OPERATIONS FOR TRAINS 45
6.4 ANALYTICS 46
6.4.1 RAIL ANALYTICS SYSTEMS TO HELP IN DEMAND PLANNING, REVENUE AND WORKFORCE MANAGEMENT, TRANSIT ANALYSIS, AND PRICING ANALYSIS 46
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6.5 NETWORK MANAGEMENT 47
6.5.1 NETWORK MANAGEMENT SOLUTIONS TO PLAY AN IMPORTANT ROLE IN DISASTER MANAGEMENT AND MINIMIZING LOSS 47
6.6 PREDICTIVE MAINTENANCE 48
6.6.1 PREDICTIVE MAINTENANCE SOLUTIONS TO INCREASE THE ASSET LIFE AND IMPROVE RAIL OPERATIONS AND SAFETY 48
6.7 SECURITY 48
6.7.1 RAIL SECURITY SOLUTIONS TO BE ADOPTED INCREASINGLY WITH THE INCREASED DEPLOYMENT OF DIGITAL SOLUTIONS 48
6.8 OTHERS 49
7 DIGITAL RAILWAY MARKET, BY SERVICE 50
7.1 INTRODUCTION 51
7.2 PROFESSIONAL SERVICES 52
7.2.1 CONSULTING 53
7.2.1.1 Consulting service vendors to offer recommendations on implementing new technologies 53
7.2.2 SYSTEM INTEGRATION AND DEPLOYMENT 53
7.2.2.1 System integration and deployment service providers to help end users integrate smart infrastructure solutions with their existing infrastructure 53
7.2.3 SUPPORT AND MAINTENANCE 54
7.2.3.1 Support and maintenance services to assist in installing freight management system solutions 54
7.3 MANAGED SERVICES 55
7.3.1 MANAGED SERVICES TO PROVIDE CONSTANT UPGRADATIONS AND CUSTOMIZED FEATURES TO FULFILL CUSTOMERS’ EVER-GROWING DEMANDS 55
8 DIGITAL RAILWAY MARKET, BY APPLICATION 56
8.1 INTRODUCTION 57
8.2 RAIL OPERATIONS MANAGEMENT 58
8.2.1 RAIL AUTOMATION MANAGEMENT 59
8.2.1.1 Rail automation system consists of electronic interlocking, traffic monitoring, and level-crossing protection systems to ensure safety and better experience 59
8.2.2 RAIL CONTROL 60
8.2.2.1 Signaling Solution 60
8.2.2.1.1 Signaling solutions to ensure communication between trains, stations, and workforce 60
8.2.2.2 Rail Traffic Management 61
8.2.2.2.1 Rail traffic management to offer flexible solutions for increasing the railway network capacity and efficiency, and regulating the flow of traffic 61
8.2.2.3 Freight Management 61
8.2.2.3.1 Freight management systems to help freight operators in infrastructure and planning decisions 61
8.2.3 SMART TICKETING 62
8.2.3.1 Smart ticketing to help contribute to the overall improvement of the railway transport network 62
8.2.4 WORKFORCE MANAGEMENT 63
8.2.4.1 Workforce management to ensure significant cost reductions, improved employee productivity, reduced risks, and effective employee engagement 63
8.3 PASSENGER INFORMATION SYSTEM 63
8.3.1 PASSENGER INFORMATION SYSTEM TO BE A KEY COMMUNICATION LINK BETWEEN TRANSPORTATION OPERATORS AND PASSENGERS CONNECTIVITY 63
8.4 ASSET MANAGEMENT 64
8.4.1 RAIL ASSET MANAGEMENT TO OPTIMIZE THE PERFORMANCE AND RAIL INFRASTRUCTURE 64
8.5 OTHERS 65
9 DIGITAL RAILWAY MARKET, BY REGION 66
9.1 INTRODUCTION 67
9.2 NORTH AMERICA 69
9.2.1 UNITED STATES 73
9.2.1.1 Government initiatives to drive the digital railway market in the United States 73
9.2.2 CANADA 73
9.2.2.1 Increasing number of passengers and growing freight traffic to drive the digital railway market in Canada 73
9.3 EUROPE 74
9.3.1 UNITED KINGDOM 78
9.3.1.1 Need to improve the efficiency of the existing railway infrastructure to boost the digital railway market in the United Kingdom 78
9.3.2 GERMANY 78
9.3.2.1 Growing adoption of IoT and analytics to boost the digital railway market in Germany 78
9.3.3 FRANCE 78
9.3.3.1 High investment by railway operators to drive the digital railway market in France 78
9.3.4 REST OF EUROPE 79
9.4 ASIA PACIFIC 79
9.4.1 CHINA 83
9.4.1.1 High government investments in the railway infrastructure and rapid growth in the railway sector to drive the digital railway market in China 83
9.4.2 INDIA 84
9.4.2.1 Growing profits in the railway sector and government initiatives for smart cities to drive the digital railway market in India 84
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9.4.3 JAPAN 84
9.4.3.1 Higher adoption of railway technologies to boost the digital railway market in Japan 84
9.4.4 REST OF ASIA PACIFIC 84
9.5 MIDDLE EAST AND AFRICA 85
9.5.1 NIGERIA 89
9.5.1.1 Government initiatives combined with cooperation with other countries to boost the digital railway market in Nigeria 89
9.5.2 UNITED ARAB EMIRATES 89
9.5.2.1 Government initiatives to drive the digital railway market in the United Arab Emirates 89
9.5.3 SOUTH AFRICA 89
9.5.3.1 Increased demand for transportation services to match regional trade requirements to drive the digital railway market in South Africa 89
9.5.4 REST OF MIDDLE EAST AND AFRICA 89
9.6 LATIN AMERICA 90
9.6.1 BRAZIL 94
9.6.1.1 High scope for further development of railway infrastructure to boost high growth opportunity in Brazil 94
9.6.2 MEXICO 94
9.6.2.1 Strategic location to play key role in the development of railway infrastructure in Mexico 94
9.6.3 REST OF LATIN AMERICA 94
10 COMPETITIVE LANDSCAPE 95
10.1 COMPETITIVE LEADERSHIP MAPPING 95
10.1.1 VISIONARY LEADERS 95
10.1.2 DYNAMIC DIFFERENTIATORS 95
10.1.3 INNOVATORS 96
10.1.4 EMERGING COMPANIES 96
11 COMPANY PROFILES 97
11.1 INTRODUCTION 97
(Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
11.2 SIEMENS 97
11.3 CISCO 100
11.4 HITACHI 102
11.5 ALSTOM 104
11.6 IBM 106
11.7 ABB 108
11.8 HUAWEI 110
11.9 THALES 112
11.10 FUJITSU 114
11.11 DXC 116
11.12 INDRA 118
11.13 NOKIA 119
11.14 ATKINS 120
11.15 TOSHIBA 121
11.16 BOMBARDIER 122
*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
12 APPENDIX 123
12.1 DISCUSSION GUIDE 123
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 126
12.3 AVAILABLE CUSTOMIZATIONS 128
12.4 RELATED REPORTS 128
12.5 AUTHOR DETAILS 129