Digital Railway Market Size, Share, Trends, and Outlook 2024

The digital railway market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

The Business Research Company a report, titled, 'Digital Railway Global Market Report 2024 – By Services (Managed Services, Professional Services), By Solutions (Remote Monitoring, Route Optimization And Scheduling, Analytics, Network management, Predictive maintenance, Security, Other Solutions (includes digital Railway, content management for infotainment, and preventive maintenance)), By Deployment Model (On-Premises, Cloud), By Application (Rail Operations Management, Passenger Information System, Asset Management, Other Applications (Other applications include connectivity and communication)) – Market Size, Trends, And Global Forecast 2024-2033'. According to the report, The digital railway market size is expected to see strong growth in the next few years.

It will grow to $81.04 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.

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Report Coverage & Details:

• Forecast Period: 2024-2033

• Base Year: 2023

• Market Size In 2024: $56.1 billion

• Revenue Forecast In 2033: $81.04 billion

• CAGR: 9.6%

Global Digital Railway Market: Segmentation

The digital railway market covered in this report is segmented –

1) By Services: Managed Services, Professional Services

2) By Solutions: Remote Monitoring, Route Optimization And Scheduling, Analytics, Network management, Predictive maintenance, Security, Other Solutions (includes digital Railway, content management for infotainment, and preventive maintenance)

3) By Deployment Model: On-Premises, Cloud

4) By Application: Rail Operations Management, Passenger Information System, Asset Management, Other Applications (Other applications include connectivity and communication)

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Digital Railway Market Report: Growth Drivers

The expansion of the digital railway market is set to be fueled by rising governmental initiatives. These initiatives entail significant actions or declarations intended to address an issue.

Governments throughout a variety of nations are driving investments towards digitalization and modernisation of railway operations. This includes automation of ticket processing, customer service support, the creation of maintenance schedules through self-learning algorithms, and railway traffic management.

Notably, the UK Government announced in June 2022, via a UK-based public sector information portal, an investment of $1.18 billion for the substitution of outdated Victorian infrastructure with state-of-the-art digital signalling technology. This will result in fewer delays and a more reliable service for millions of commuters.

The funds will serve to dismantle old lineside signalling and replace it with the European Train Control System (ETCS).

As such, the intensification of government initiatives is propelling the growth of the digital railway market.

Key Developments:

Hitachi Rail's Acquisition Of Thales Ground Transportation Systems

In August 2021, Hitachi Rail Signaling and Transportation Systems (STS), a Japan-based global provider of rail solutions, acquired Thales' Ground Transportation Systems (GTS) for a deal amount of $1.96 billion. This acquisition helps Hitachi Rail expand the scale of its rail signalling systems business globally, bringing an enhanced turnkey railway offering to new markets around the world and enhancing the availability of its Mobility as a Service (MaaS) to a global clientele.

Thales' Ground Transportation Systems is a France-based company operating in digital rail.

Top Market Leader Included:

Siemens AG, Cisco Systems Inc., Hitachi Ltd, Wabtec Corporation, Alstom SA, International Business Machines Corporation (IBM), Asea Brown Boveri (ABB), Huawei Technologies Co Ltd, Thales Group, Fujitsu Limited, DXC Technology, Indra, Nokia Corporation, Atkins, Toshiba Corporation, Bombardier Inc, General Electric (GE), Ansaldo STS, Toshiba Infrastructure Systems & Solutions Corporation, Mitsubishi Electric Corporation, CAF Signalling, Advantech Co. Ltd., EKE-Electronics Ltd., Mermec Group, Prover Technology AB, Frauscher Sensor Technology Group, Kontron AG, L&T Technology Services Limited, Trimble Inc., Thales Canada Inc.

Digital Railway Industry: Regional Landscape

Asia-Pacific was the largest region in the digital railway market in 2023. North America was the second-largest region of the digital railway market.

The regions covered in the digital railway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the digital railway market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

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What Does The Global Digital Railway Market Report Include?

1.Introduction

• Overview of the Digital Railway Market

• Comprehensive Analysis of Digital Railway Market

2. Digital Railway Market Drivers and Restraints

• Drivers and Restraints For Historic And Forecast Period

3. Digital Railway Market Segmentation

• By Drug Class

• By Indication

• By Distribution Channel

4. Competitive Landscape And Company Profiles In The Digital Railway Market

• Overview

• Products and Services

• Strategy

5. Digital Railway Market Regional And Country Analysis

• By Region

• By Country

6. Market Trends And Opportunities In Digital Railway Market

• Technological Advancements

• Emerging Trends

7. Digital Railway Market Future Outlook and Potential Analysis

• Growth Strategies

• New Opportunities

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