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Railway Management System Market by System & Solution, Service, and Region - Global Forecast to 2021LONDON, Jan. 4, 2017 /PRNewswire/ -- "Increased adoption of Internet of Things, as well as, automation technologies to enhance optimization is expected to drive the growth of the railway management system market" The railway management system market size is estimated to be USD 29.27 billion in 2016 and is projected to reach USD 57.88 billion by 2021, at a CAGR of 14.6% from 2016 to 2021, due to the need of Internet of Things (IoT) technology for better railway control, services, fast operational activities in public services, and transportation services. Government and regulatory bodies are striving for the furtherance of the transport infrastructure systems, as it replicates the development of the economy. The restraints of the railway management system market include operational efficiency & increasing congestion, high initial cost of deployment & capacity, and lack of ICT infrastructure & interoperability. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profiles of primary discussion participants are given below: - By Company Type: Tier-1 (32%), Tier-2 (39%), and Tier-3 (29%) - By Designation: C-Level (72 %), Manager Level (20 %), and Others (8%) - By Region: North America (29 %), Europe (43 %), APAC (18 %), and the Rest of World (RoW) (10%) The various key smart railway vendors profiled in the report are as follows: 1. Alstom SA (Saint-Ouen, France) 2. Cisco Systems, Inc. (San Jose, U.S.) 3. General Electric (Connecticut, U.S.) 4. ABB Ltd. (Zurich, Switzerland) 5. IBM Corporation (New York, U.S.) 6. Hitachi Limited (Tokyo, Japan) 7. Bombardier, Inc. (Quebec, Canada) 8. Huawei Technologies Co. Ltd. (Shenzhen, China) 9. Indra Sistemas SA (Alcobendas, Spain) 10. Siemens AG (Munich, Germany) 11. Alcatel-Lucent (Paris, France) 12. Ansaldo STS (Genoa, Italy) Research Coverage The global railway management system market has been segmented on the basis of systems & solutions, services, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis, value chain analysis, and strategic benchmarking are some of the other MarketsandMarkets analysis included in the report. Reasons to Buy the Report The report will help the market leaders/new entrants in this market in the following ways: 1. This report segments the railway management system market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments, across different regions. 2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. 3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions. Download the full report: https://www.reportbuyer.com/product/4499030/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/railway-management-system-market-by-system--solution-service-and-region---global-forecast-to-2021-300386018.html SOURCE ReportBuyer 
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