The report, now available on ASDReports, recognizes the following companies as the key players in the Global Information Technology Spending in Railways Market: Accenture plc, ALTEN SA, Altran Technologies SA, IBM Corp., and SAP SE.
Other Prominent Vendors in the market are: ABB, Alcatel-Lucent, Alstom, Ansaldo, Bombardier, Capgemini, CGI Group, Cisco Systems, CSC, GE Transportation, Hitachi, Huawei Technologies, Indra Sistemas, Infosys, Siemens, TCS, Tech Mahindra, and Wipro.
Commenting on the report, an analyst said: “Railways worldwide use cloud computing and big data analysis to evaluate customer requirements. Through these technologies, railway operators get a broader view of the freight, passenger, and logistics operations. For example, Slovenian Railways uses IBM’s SmartCloud solution to build smarter railway systems. Hitachi is another major vendor that provides cloud computing and big data services to the railways sector.”
According to the report, the global railways passenger and freight traffic are growing due to plummeting oil prices and increase in industrial activities. Latest offerings (such as mobile ticketing) coupled with the rise in the use of personal computing devices (like smartphones and tablets) are boosting the railway passenger volume.
Further, the report states that the costs involved in implementing IT in railways include licensing fees and expenses for system design and customization, implementation, training, maintenance, and upgrade. After purchasing the license, railway authorities need to hire experts for the proper implementation of the software. Moreover, the integration of these applications with the existing operational processes of the railway network can be quite challenging at times.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.