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Digital Railway Global Market By Offering, By Application, By Solution, By Services, Opportunity Analysis And Industry Forecast, 2023-2032 | Siemens AG, Cisco Systems Inc., Hitachi Ltd., Wabtec Corporation, Alstom SA
Digital Railway Market
Digital Railway Market Size, Growth Rate, And Forecast
The global digital railway market size grew from $47.93 billion in 2022 to $53 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital railway market size is expected to grow to $77.2 billion in 2027 at a CAGR of 9.9%.
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Digital Railway Market Drivers
The increase in government initiatives is expected to propel the growth of the digital railway market going forward. Government initiatives refer to an important act or statement that is intended to solve a problem.
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Digital Railway Market Segments
• By Services: Managed Services, Professional Services
• By Solutions: Remote Monitoring, Route Optimization and Scheduling, Analytics, Network management, Predictive maintenance, Security, Other Solutions (includes digital Railway, content management for infotainment, and preventive maintenance)
• By Deployment Model: On-Premises, Cloud
• By Application: Rail Operations Management, Passenger Information System, Asset Management, Other Applications (Other applications include connectivity and communication)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Digital Railway market.
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Digital Railway Market Key Players
Major players in the Digital Railway market are Siemens AG, Cisco Systems Inc., Hitachi Ltd., Wabtec Corporation, Alstom SA, International Business Machines Corporation, ABB, Huawei Technologies Co. Ltd., Thales Group, Fujitsu Limited, DXC Technology, Indra, Nokia Corporation, Atkins, Toshiba Corporation, and Bombardier Inc.
The Business Research Company's "Global Digital Railway Market Report 2023" is a compreDigital Railwaysive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Digital Railway Market Include:
1. Executive Summary
2. Digital Railway Market Characteristics
3. Digital Railway Market Trends And Strategies
4. Digital Railway Market - Macro Economic Scenario
5. Digital Railway Market Size And Growth
.....
26. Africa Digital Railway Market
27. Digital Railway Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Railway Market
29. Digital Railway Market Future Outlook and Potential Analysis
30. Appendix
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