Railways all over the world progressively implements Information Technology for improvement in efficiency and for better management. Computerised Management Information System could help in planning, monitoring and decision making of all modern Railways.
Europe is the largest region of IT Spending in Railways in the world in the past few years and it will keep increasing in the next few years. Europe market took up about 34.23% the global market in 2018, while Asia-Pacific and North America were about 28.67%, 27.14%.
In 2018, the global IT Spending in Railways market size was 9390 million US$ and it is expected to reach 18600 million US$ by the end of 2025, with a CAGR of 10.3% during 2019-2025.
This report focuses on the global IT Spending in Railways status, future forecast, growth opportunity, key market and key players. The study objectives are to present the IT Spending in Railways development in United States, Europe and China.
The key players covered in this study
Accenture
ALTEN
Altran Technologies
IBM
SAP
ABB
Alcatel-Lucent
Alstom
Hitachi
Bombardier
Capgemini
CGI
Cisco Systems
DXC Technology
GE Transportation
Huawei Technologies
Indra Sistemas
Infosys
Siemens
TCS
Tech Mahindra
Wipro
Market segment by Type, the product can be split into
Services
Software
Hardware
Market segment by Application, split into
Facilities Management
Asset Management
Passenger Management
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global IT Spending in Railways status, future forecast, growth opportunity, key market and key players.
To present the IT Spending in Railways development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of IT Spending in Railways are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on IT Spending in Railways. Industry analysis & Market Report on IT Spending in Railways is a syndicated market report, published as Global IT Spending in Railways Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of IT Spending in Railways market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.