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Railway Management System Market Share

Report ID: GMI3056
Published Date: Sep 2023
Report Format: PDF

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Railway Management System Market Share

The major companies operating in the railway management system market are:

ABB Group
Alstom SA
Cisco Systems Inc
General Electric
Thales Group
Toshiba Corporation
Hitachi,Ltd.

These companies focus on expanding their product portfolios to cover a wider range of railway management needs, such as passenger information systems, ticketing solutions, and freight management systems.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of railway management system reached USD 37.4 billion in 2022 and is set to grow at 11.5% CAGR from 2023 to 2032, owing the increasing adoption & integration of AI technology & cloud-based services for enhancing predictive maintenance, optimizing rail operations, and reducing downtime.

The QNX segment held a market share of 34% in 2022. Renowned for its real-time capabilities and reliability, QNX addresses the critical needs of railway systems by ensuring seamless communications, safety, and security.

Europe held a major share of over 34% in the market in 2022. The region's well-developed rail infrastructure and the growing emphasis on enhancing transportation efficiency are driving the adoption of advanced management systems.

ABB Group, Alstom SA, Cisco Systems Inc., General Electric, Thales Group, Toshiba and Hitachi.