What is the current Railway Management System Market size?

The Railway Management System Market is projected to register a CAGR of 12% during the forecast period (2024-2029) Read More

Who are the key players in Railway Management System Market?

General Electric Company, ABB limited, Alstom SA, Cisco Systems Inc. and IBM Corporation are the major companies operating in the Railway Management System Market. Read More

Which is the fastest growing region in Railway Management System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Railway Management System Market?

In 2024, the Asia Pacific accounts for the largest market share in Railway Management System Market. Read More

What years does this Railway Management System Market cover?

The report covers the Railway Management System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Railway Management System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Railway Management System Market

Railway Management System Industry Overview

The railway management system market is moderately fragmented. Players in the market adopt strategies like innovations in their product, strategic partnerships, mergers, and acquisitions, and others to expand their market share. Some of the key developments in the area are:

In November 2019, Alstom SA signed a second ten-year maintenance contract for ETCS equipment belonging to SBB, the Swiss national railway company. This contract extension is aimed to ensure the availability of spare parts and the large SBB fleet for the smooth operation of rail traffic in Switzerland.
In April 2019, IBM partnered with Sund & Bælt, which owns and operates some of the largest infrastructures. This collaboration can assist in IBM's development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.