Key Findings
The Asia-Pacific intelligent railways transportation management systems market is predicted to record a CAGR of 12.36% during the forecast period, 2023-2032. The fast-developing smart cities in emerging economies like India and China are projected to drive the demand for software and hardware components for IRTMS. Also, the anticipated need for fleet management, smart ticketing system, passenger information system, automated parking assistance, and automated traffic control.
Market Insights
Thailand, Japan, Vietnam, Australia & New Zealand, India, South Korea, Indonesia, China, and Rest of Asia-Pacific are assessed for the Asia-Pacific intelligent railways transportation management systems market growth evaluation. In India, rail transportation is an important means of moving cargo and people. Most of the country’s rail operations are run by Indian Railways (IR) under the Ministry of Railways (MOR). The MOR has the executive power of the Indian Railways. Whereas the Railway Board looks over the infrastructure and train operations, issuance of instructions & guidelines regarding administration, maintenance procedure & schedule, rolling stock provision and maintenance. At the same, there are speculations that Indian Railways will soon allow private companies to run freight trains with their own private terminals. These freight trains are being considered for sectors like chemicals & fertilizers, grains, logistics, automotive, steel, cement, etc.
Whereas in South Kora, railways play a minor role compared to the road network. However, they are an integral part of the country’s transportation system. Besides, the Seoul Metropolitan Subway in South Korea, with ten subway lines, is the most popular rapid transit system globally. It serves almost 10 million. Such factors drive market growth in these countries.
Competitive Insights
Some of the key firms operating in the market include SAP SE, Oracle Corporation, Tata Consultancy Services Limited (TCS), Siemens AG, etc.
Our report offerings include:
The Asia-Pacific intelligent railways transportation management systems market is predicted to record a CAGR of 12.36% during the forecast period, 2023-2032. The fast-developing smart cities in emerging economies like India and China are projected to drive the demand for software and hardware components for IRTMS. Also, the anticipated need for fleet management, smart ticketing system, passenger information system, automated parking assistance, and automated traffic control.
Market Insights
Thailand, Japan, Vietnam, Australia & New Zealand, India, South Korea, Indonesia, China, and Rest of Asia-Pacific are assessed for the Asia-Pacific intelligent railways transportation management systems market growth evaluation. In India, rail transportation is an important means of moving cargo and people. Most of the country’s rail operations are run by Indian Railways (IR) under the Ministry of Railways (MOR). The MOR has the executive power of the Indian Railways. Whereas the Railway Board looks over the infrastructure and train operations, issuance of instructions & guidelines regarding administration, maintenance procedure & schedule, rolling stock provision and maintenance. At the same, there are speculations that Indian Railways will soon allow private companies to run freight trains with their own private terminals. These freight trains are being considered for sectors like chemicals & fertilizers, grains, logistics, automotive, steel, cement, etc.
Whereas in South Kora, railways play a minor role compared to the road network. However, they are an integral part of the country’s transportation system. Besides, the Seoul Metropolitan Subway in South Korea, with ten subway lines, is the most popular rapid transit system globally. It serves almost 10 million. Such factors drive market growth in these countries.
Competitive Insights
Some of the key firms operating in the market include SAP SE, Oracle Corporation, Tata Consultancy Services Limited (TCS), Siemens AG, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments