The global IT spending in railways market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for railway infrastructure and passenger management systems, which are expected to drive the need for IT spending in railways.
The global IT spending in railways market has been segmented on the basis of type, application and region. The services segment accounted for a share of over 50% in 2018 and is expected to maintain its dominance throughout the forecast period owing to its high-value nature and low cost per unit. The software segment accounted for a share of over 30% in 2018 and is expected to maintain its dominance throughout the forecast period owing to its high-value nature and low cost per unit.
- The railway industry has been growing steadily over the past few years, with an increase in passenger traffic and freight traffic on railways.
- Railway companies are investing heavily in IT infrastructure to improve their operational efficiency and customer experience, which will drive IT spending growth for this market segment over the next few years.
- Investments by railway companies in IT infrastructure will also help them meet regulatory requirements such as those related to safety standards.
- Railway companies are also investing heavily in new technologies such as IoT (Internet of Things).
Industry Growth Insights published a new data on “IT Spending in Railways Market”. The research report is titled “IT Spending in Railways Market research by Types (Services, Software, Hardware, IT Spending in Railway), By Applications (Facilities Management, Asset Management, Passenger Management, Other), By Players/Companies 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, IT Spending in Railway”.
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Spending in Railways Market Research Report
By Type
Services, Software, Hardware, IT Spending in Railway
By Application
Facilities Management, Asset Management, Passenger Management, Other
By Companies
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, IT Spending in Railway
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global IT Spending in Railways Market Report Segments:
The global IT Spending in Railways market is segmented on the basis of:
Types
Services, Software, Hardware, IT Spending in Railway
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Facilities Management, Asset Management, Passenger Management, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
- IT Spending in Railway
Highlights of The IT Spending in Railways Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Services
- Software
- Hardware
- IT Spending in Railway
- By Application:
- Facilities Management
- Asset Management
- Passenger Management
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Spending in Railways Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT spending in railways is estimated to be around $14.5 billion annually, according to a report by Gartner. This figure includes both capital and operational expenditures on IT systems and services within the rail industry.
Some of the major players in the it spending in railways market are Accenture, ALTEN, Altran Technologies, IBM, SAP, ABB, Alcatel-Lucent, Alstom, Hitachi, Bombardier, Capgemini, CGI, Cisco Systems, DXC Technology, GE Transportation, Huawei Technologies, Indra Sistemas, Infosys, Siemens, TCS, Tech Mahindra, Wipro, IT Spending in Railway.
The it spending in railways market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IT Spending in Railways Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IT Spending in Railways Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IT Spending in Railways Market - Supply Chain
4.5. Global IT Spending in Railways Market Forecast
4.5.1. IT Spending in Railways Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IT Spending in Railways Market Size (000 Units) and Y-o-Y Growth
4.5.3. IT Spending in Railways Market Absolute $ Opportunity
5. Global IT Spending in Railways Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. IT Spending in Railways Market Size and Volume Forecast by Type
5.3.1. Services
5.3.2. Software
5.3.3. Hardware
5.3.4. IT Spending in Railway
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IT Spending in Railways Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. IT Spending in Railways Market Size and Volume Forecast by Application
6.3.1. Facilities Management
6.3.2. Asset Management
6.3.3. Passenger Management
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IT Spending in Railways Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. IT Spending in Railways Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global IT Spending in Railways Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. IT Spending in Railways Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global IT Spending in Railways Demand Share Forecast, 2019-2026
9. North America IT Spending in Railways Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America IT Spending in Railways Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America IT Spending in Railways Market Size and Volume Forecast by Application
9.4.1. Facilities Management
9.4.2. Asset Management
9.4.3. Passenger Management
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America IT Spending in Railways Market Size and Volume Forecast by Type
9.7.1. Services
9.7.2. Software
9.7.3. Hardware
9.7.4. IT Spending in Railway
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America IT Spending in Railways Demand Share Forecast, 2019-2026
10. Latin America IT Spending in Railways Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America IT Spending in Railways Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America IT Spending in Railways Market Size and Volume Forecast by Application
10.4.1. Facilities Management
10.4.2. Asset Management
10.4.3. Passenger Management
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America IT Spending in Railways Market Size and Volume Forecast by Type
10.7.1. Services
10.7.2. Software
10.7.3. Hardware
10.7.4. IT Spending in Railway
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America IT Spending in Railways Demand Share Forecast, 2019-2026
11. Europe IT Spending in Railways Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe IT Spending in Railways Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe IT Spending in Railways Market Size and Volume Forecast by Application
11.4.1. Facilities Management
11.4.2. Asset Management
11.4.3. Passenger Management
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IT Spending in Railways Market Size and Volume Forecast by Type
11.7.1. Services
11.7.2. Software
11.7.3. Hardware
11.7.. IT Spending in Railway
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IT Spending in Railways Demand Share, 2019-2026
12. Asia Pacific IT Spending in Railways Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific IT Spending in Railways Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific IT Spending in Railways Market Size and Volume Forecast by Application
12.4.1. Facilities Management
12.4.2. Asset Management
12.4.3. Passenger Management
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific IT Spending in Railways Market Size and Volume Forecast by Type
12.7.1. Services
12.7.2. Software
12.7.3. Hardware
12.7.4. IT Spending in Railway
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific IT Spending in Railways Demand Share, 2019-2026
13. Middle East & Africa IT Spending in Railways Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa IT Spending in Railways Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa IT Spending in Railways Market Size and Volume Forecast by Application
13.4.1. Facilities Management
13.4.2. Asset Management
13.4.3. Passenger Management
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa IT Spending in Railways Market Size and Volume Forecast by Type
13.7.1. Services
13.7.2. Software
13.7.3. Hardware
13.7.4. IT Spending in Railway
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa IT Spending in Railways Demand Share, 2019-2026
14. Competition Landscape
14.1. Global IT Spending in Railways Market: Market Share Analysis
14.2. IT Spending in Railways Distributors and Customers
14.3. IT Spending in Railways Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Accenture
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ALTEN
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Altran Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IBM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SAP
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ABB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alcatel-Lucent
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Alstom
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hitachi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bombardier
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Capgemini
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CGI
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cisco Systems
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. DXC Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GE Transportation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Huawei Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Indra Sistemas
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Infosys
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Siemens
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. TCS
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
