Global Digital Railway Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.

The report covers an in-depth analysis of COVID-19 pandemic impact on Global Digital Railway Marketby region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.

Global Digital Railway Market Dynamics:

With a strong and efficient rail network, travel, trade and tourism thrive and carry ample economic development and stability. Advances in technology have made it a high priority for governments across the globe to transform and upgrade their current rail networks. This has been the primary catalyst for the growth of the global digital rail industry. Rising cyber-attacksare expected to fuelthe market over the forecast period.The revolution is underway due to the implementation of modern passenger and freight management systems. It was one of the biggest drivers for the digital rail industry in the world. More and more countries are opting to redesign their conventional rail networks and to implement highly innovative technical solutions. For instance, BAE Systems using machine learning for predictive maintenance to support network rail to prioritize which parts of the track are at the greatest risk and which should be managed/cleared first to keep the trains running.

Surreal advances in communication technology have been the growth of the global digital rail industry. These new innovations have helped to update conventional signalling systems, control heavily traded tracks and promote overall rail communication. This has therefore been a significant driver of the growth of the global digital rail industry.Atkins and Faithful+Gould (F+G) are the members of the SNC-Lavalin Group have been chosen to help execute a major digital rail transformation initiative across the East Coast Main Line (ECML), East McCain and Transpennine routes to enhance passenger experience.

Global Digital Railway Market is segmented by component, by applicationand by region. By component, solution isanticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the hosting of multiple domains or websites.Predictive maintenance is the leading segment among the solutions owing to the increasingly deployed in the rail sector to increase asset life and boost rail operations and safety. By Application, passenger experience segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period. This is because of the rising tourist passengers.

By region, global Digital Railway market is segmented into North America, APAC, Europe, MEA& Africa and South Africa. Among these,North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the presence of major IT and software market players in this region. The service in the market in APAC is forecasted to expand a significant pace on account of the growing digitization across the enterprises and rapid adoption of IoT, cloud computing, artificial intelligence.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Digital Railway Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Digital Railway Market dynamics, structure by analyzing the market segments and project Global Digital Railway MarketClear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Digital Railway Market the report investor’s guide.

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Scope of GlobalDigital Railway Market

GlobalDigital Railway Market Segmentation by Component

• Solution
o Remote Monitoring
o Route Optimization and Scheduling
o Analytics
o Network Management
o Predictive Maintenance
o Security
o Others
• Services
o Professional services
o Managed services
Global Digital Railway Market Segmentation by Application

• Rail Operations Management
o Rail Automation Management
o Control &Signaling
o Smart Ticketing
o Workforce Management
• Passenger Experience
• Asset Management
• Others
Global Digital Railway Market Segmentation by Region

• North America
• APAC
• Europe
• ME & Africa
• South Africa
GlobalDigital Railway Market Major Players

• Siemens
• Cisco
• IBM Corporation
• ABB
• Huawei Technologies Co., Ltd
• Thales Group
• BAE Systems
• Hitachi, Ltd
• Alstom
• FUJITSU
• DXC Technology Company
• Nokia
• Indra Sistemas S.A
• Atkins
• Toshiba
• Bombardier

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