According to the most recent report by Emergen Research, the worldwide digital railway market size is anticipated to reach USD 133.64 billion in 2030, with a consistent revenue CAGR of 9.7%. Advances in communication technology, rising need for better connectivity, increased urbanisation, and rising demand for secure, environmentally friendly, and practical transportation are the main drivers of market revenue growth. The term “digital railway” describes the digitalization and transformation of technology that aid in the modernization of railway operations by automating the processing of tickets, providing customer support, creating maintenance schedules, and controlling train traffic.

The Digital Railway Market report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic’s gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Digital Railway market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Siemens, Cisco Systems, Inc., Hitachi, Ltd., Wabtec Corporation, Alstom, IBM, ABB, Huawei Technologies, Co., Ltd., Thales, Fujitsu

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Emergen Research has segmented the global Digital Railway market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

• Solution Outlook (Revenue, USD Million; 2019–2030)

  • Remote Monitoring
  • Route Optimization & Scheduling
  • Analytics
  • Network Management
  • Predictive Maintenance
  • Security
  • Other Solutions

• Services Outlook (Revenue, USD Million; 2019–2030)

  • Professional Services

• Application Outlook (Revenue, USD Million; 2019–2030)

  • Rail Operations Management
    1. Rail Automation Management
    2. Rail Control
       1. Signaling Solutions
       2. Rail Traffic Management
       3. Freight Management
    3. Smart Ticketing
    4. Workforce Management
  • Passenger Information Systems
  • Asset Management
  • Other Applications

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Digital Railway Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Digital Railway Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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