デジタル鉄道市場 – 2030年までの世界予測

Digital Railway Market - Global Forecast to 2030

デジタル鉄道市場 - 提供サービス [ソリューション(リモート監視、ネットワーク管理、セキュリティ、分析)およびサービス]、用途(鉄道運行管理、旅客情報システム、資産管理)および地域別 - 2030年までの世界予測
Digital Railway Market by Offering (Solutions (Remote Monitoring, Network Management, Security, Analytics) and Services), Application (Rail Operations Management, Passenger Information System, and Asset Management) and Region - Global Forecast to 2030

商品番号 : SMB-19263

出版社MarketsandMarkets
出版年月2025年6月
ページ数264
図表数273
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査は、デジタル鉄道市場とその成長可能性を、提供内容、用途、地域など、様々なセグメントにわたって調査対象としています。提供内容は、ソリューションとサービスに細分化されています。デジタル鉄道市場で調査対象となっているソリューションには、遠隔監視、ルート最適化とスケジューリング、分析、ネットワーク管理、予知保全、セキュリティ、その他のソリューション(位置情報分析、インフォテインメント向けコンテンツ管理、予防保全)が含まれます。調査対象となっているサービスには、専門サービス(コンサルティング、システム統合と導入、サポート、保守)とマネージドサービスが含まれます。アプリケーションセグメントには、鉄道運行管理(鉄道自動化管理、鉄道制御(信号ソリューション、鉄道交通管理、貨物管理)、スマートチケット、ワークフォース管理)、旅客情報システム、資産管理、その他のアプリケーション(接続性と通信)が含まれます。デジタル鉄道市場の地域分析は、北米、ヨーロッパ、アジア太平洋、中東・アフリカ、ラテンアメリカを網羅しています。

MarketsandMarkets: The digital railway market is estimated to be USD 82.76 billion in 2025 and is projected to reach USD 127.54 billion by 2030 at a CAGR of 9.0%. The shift toward the adoption of IoT is revolutionary in the management of railway networks. IoT in railways also improves the reliability and safety of the train infrastructure. The data generated by IoT sensors enables the analysis and interpretation of conditions that could not be done earlier. With the deployment of IoT, a lot of data could now be used to optimize train schedules and maintain equipment, two serious challenges for railway efficiency. When combined with analytics, IoT can streamline railway operations for better efficiency. Vendors and third-party providers are increasingly adopting digitized systems for supply chain management and logistics activities. IoT-enabled technologies are transforming the landscape of the logistics business. Organizations are increasingly focusing on re-engineering businesses with the immense power of IoT and cloud technologies. With the help of RFID, Global System for Mobile Communications-Railway (GSM-R), and collaboration platforms, logistics vendors find ways to face economic challenges.

MarketsandMarkets:デジタル鉄道市場は2025年に827億6000万米ドルに達すると推定され、2030年には年平均成長率9.0%で1,275億4000万米ドルに達すると予測されています。IoT導入への移行は、鉄道網の管理において革命的な変化をもたらします。鉄道におけるIoTは、列車インフラの信頼性と安全性も向上させます。IoTセンサーによって生成されるデータにより、これまでは不可能だった状況の分析と解釈が可能になります。IoTの導入により、大量のデータを活用して列車の運行スケジュールを最適化し、設備の保守を行うことが可能になりました。これらは鉄道の効率性にとって深刻な課題です。分析機能と組み合わせることで、IoTは鉄道業務を合理化し、効率性を向上させることができます。ベンダーやサードパーティプロバイダーは、サプライチェーン管理や物流活動にデジタル化されたシステムを導入するケースが増えています。IoT対応テクノロジーは、物流ビジネスのあり方を変革しています。多くの企業は、IoTとクラウドテクノロジーの絶大な力を活用して、ビジネスの再構築にますます注力しています。 RFID、鉄道用グローバル移動通信システム(GSM-R)、コラボレーション プラットフォームの助けを借りて、物流ベンダーは経済的な課題に対処する方法を見つけています。

デジタル鉄道市場 - 2030年までの世界予測
digital-railway-market

“System integration and deployment services segment will witness the highest growth during the forecast period.” System integration and deployment services play a crucial role in upgrading railway IT infrastructure to support digital railway software within existing systems. These services enhance deployment, save time and costs, promote efficient operations, and minimize disruptions related to implementation. The process begins with gathering customer requirements, followed by deploying, integrating, testing, and rolling out solutions. Ultimately, these services enable the deployment of vendor-independent solutions, contributing to the development of a highly optimized digital railway.

“Rail traffic management segment is expected to have the largest market size during the forecast period.” The rail traffic management system enables centralized supervision and traffic control of the entire rail network. All rail operations can be regularized by a central control system. This central administration system uses real-time data over high-speed communication links across trains and rail infrastructures to automate the traffic. Rail traffic management involves signaling, traffic control, routing, and train scheduling. The system offers a flexible solution to increase network capacity and time efficiency, regulate traffic flow, reduce the risk of operational delays, and improve network disaster management. The rail traffic management system features include traffic planning, operation management system, operation information for passengers, maintenance support, and driver-only and driverless operation.

“Asia Pacific is expected to record the highest growth rate during the forecast period.”

Asia Pacific is estimated to be the fastest-growing market for digital railways due to the increasing adoption of new technologies, higher investments in digital transformation, and the growth in GDPs of Asia Pacific countries. The key economies in the region include Australia, Singapore, China, South Korea, Hong Kong, and India, all of which are rapidly investing in technological transformation. With untapped market potential, high penetration of advanced technologies, increasing freight usage across various industries, ongoing economic developments, and supportive government regulations, the digital railway market is anticipated to experience significant growth in the Asia Pacific region during the forecast period. The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) is actively driving the development and digital transformation of the Trans-Asian Railway (TAR) network. The TAR contributes greatly to facilitating both intra- and inter-regional trade and transport, which covers approximately 128,000 kilometers across 28 countries. In September 2023, the TAR Working Group adopted the “Strategy 2030 on Accelerating Rail Digital Transformation in Asia-Pacific” to boost the competitiveness of rail transport.

Breakdown of Primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 – 34%, Tier 2 – 43%, and Tier 3 – 23%
  • By Designation: C-level –50%, D-level – 30%, and Others – 20%
  • By Region: North America – 25%, Europe – 30%, Asia Pacific – 30%, Rest of the World – 15%

The major players in the digital railway market include Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Fujitsu (Japan), Toshiba (Japan), DXC (US), Nokia (Finland), Advantech (Taiwan), Televic (Belgium), Uptake (US), Tego (US), KONUX (Germany), Aitek S.p.A (Italy), Assetic (Australia), Machines With Vision (UK), Delphisonic (US), Passio Technologies (US), Atkins (UK), CloudMoyo (US), RailTel (India), ZEDAS (Germany), Simpleway (US), EKE Electronics (Finland), and r2p (Germany). These players have adopted various growth strategies, such as partnerships, agreements, collaborations, product launches/enhancements, and acquisitions, to expand their market footprint.

デジタル鉄道市場 - 2030年までの世界予測 ecosystem
digital-railway-market-ecosystem

Research Coverage

This study covers the digital railway market and its growth potential across different segments, including offerings, applications, and regions. The offerings are sub-segmented into solutions and services. The solutions studied under the digital railway market include remote monitoring, route optimization & scheduling, analytics, network management, predictive maintenance, security, and other solutions (location analytics, content management for infotainment, and preventive maintenance). The services studied include professional services (consulting, system integration and deployment, support, and maintenance) and managed services. The application segment includes rail operations management (rail automation management, rail control (signaling solutions, rail traffic management, and freight management), smart ticketing, and workforce management), passenger information systems, asset management, and other applications (connectivity and communication). The regional analysis of the digital railway market covers North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Key Benefits of Buying the Report

The report will help market leaders and new entrants with information on the closest approximations of the global digital railway market’s revenue numbers and subsegments. It will also help stakeholders understand the competitive landscape, gain insights, and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides the following insights.

  • Analysis of key drivers (surge in passenger numbers over the past few years, rising adoption of IoT in railways, advancement in communication technology), restraints (lack of robust railway infrastructure in underdeveloped countries, high initial cost of deployment), opportunities (rising need for advanced transportation infrastructure, autonomous train to be significant opportunity for digital railway solution providers, emerging trend of smart cities), and challenges (increased threat of cyberattacks as railway system becomes digital, lack of IT infrastructure and skilled personnel) influencing the growth of the digital railway market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the digital railway market.
  • Market Development: The report provides comprehensive information about lucrative markets, analyzing the digital railway market across various regions.
  • Market Diversification: Comprehensive information about new products and services, untapped geographies, recent developments, and investments in the digital railway market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players: Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Fujitsu (Japan), Toshiba (Japan), DXC (US), Nokia (Finland), Advantech (Taiwan), Televic (Belgium), Uptake (US), Tego (US), KONUX (Germany), Aitek S.p.A (Italy), Assetic (Australia), Machines With Vision (UK), Delphisonic (US), Passio Technologies (US), Atkins (UK), CloudMoyo (US), RailTel (India), ZEDAS (Germany), Simpleway (US), EKE Electronics (Finland), and r2p (Germany).

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKET SEGMENTATION           29

1.3.2        INCLUSIONS AND EXCLUSIONS 29

1.4           YEARS CONSIDERED      30

1.5           CURRENCY CONSIDERED            31

1.6           STAKEHOLDERS               31

1.7           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       33

2.1           RESEARCH DATA              33

2.1.1        SECONDARY DATA          34

2.1.2        PRIMARY DATA 34

2.1.2.1    Primary interviews with experts         34

2.1.2.2    Breakup of primary profiles                35

2.1.2.3    Key industry insights           35

2.2           MARKET SIZE ESTIMATION         36

2.2.1        TOP-DOWN APPROACH                36

2.2.2        BOTTOM-UP APPROACH              37

2.2.3        DIGITAL RAILWAY MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 38

2.3           MARKET BREAKUP AND DATA TRIANGULATION                 40

2.4           RISK ASSESSMENT           40

2.5           RESEARCH ASSUMPTIONS           41

2.6           RESEARCH LIMITATIONS             41

3               EXECUTIVE SUMMARY  42

4               PREMIUM INSIGHTS       47

4.1           ATTRACTIVE MARKET OPPORTUNITIES IN DIGITAL  RAILWAY MARKET           47

4.2           DIGITAL RAILWAY MARKET, BY TOP THREE SOLUTIONS        47

4.3           DIGITAL RAILWAY MARKET, BY APPLICATIONS                 48

4.4           NORTH AMERICA: DIGITAL RAILWAY MARKET: SERVICE AND TOP THREE APPLICATIONS              48

5               MARKET OVERVIEW AND INDUSTRY TRENDS    49

5.1           INTRODUCTION              49

5.2           MARKET DYNAMICS       49

5.2.1        DRIVERS               50

5.2.1.1    Surge in passenger numbers over the past few years      50

5.2.1.2    Rising adoption of IoT in railways     50

5.2.1.3    Advancements in communication technology 50

5.2.2        RESTRAINTS      51

5.2.2.1    Lack of robust railway infrastructure in underdeveloped countries                 51

5.2.2.2    High initial cost of deployment          51

5.2.3        OPPORTUNITIES              51

5.2.3.1    Rising need for advanced transportation infrastructure 51

5.2.3.2    Autonomous train to be significant opportunity for digital railway solution providers 52

5.2.3.3    Emerging trend of smart cities           52

5.2.4        CHALLENGES    52

5.2.4.1    Increased threat of cyberattacks as railway system becomes digital                 52

5.2.4.2    Lack of IT infrastructure and skilled personnel               53

5.3           BRIEF HISTORY OF DIGITAL RAILWAYS 53

5.3.1        1980S–1990S: FOUNDATION LAYING        53

5.3.2        2000S: RISE OF INTELLIGENT INFRASTRUCTURE                 53

5.3.3        2010S: DIGITAL TRANSFORMATION AND CONNECTIVITY                54

5.3.4        2020S–PRESENT: AI-DRIVEN AND AUTONOMOUS RAILWAYS           54

5.4           DIGITAL RAILWAY MARKET: ECOSYSTEM ANALYSIS                 54

5.5           CASE STUDY ANALYSIS 56

5.5.1        USE CASES           56

5.5.1.1    Case study 1: Siemens provides maintenance services to Govia Thameslink Railway             56

5.5.1.2    Case study 2: Thales provided Bane (NOR) with next-generation traffic management system 56

5.5.1.3    Case study 3: Assetic helped Sydney Trains visualize rail assets for optimized asset management        57

5.5.1.4    Case study 4: Thales provided train-to-ground broadband data communication solution to Brescia Metro        57

5.5.1.5    Case study 5: Taiwan High Speed Rail Corporation selected IBM Maximo to build an advanced maintenance management solution                 58

5.5.1.6    Case study 6: VTG Rail Europe collaborated with Siemens to innovate rail freight transport             58

5.5.1.7    Case study 7: Uptake’s automated maintenance work order of North American freight railway company         59

5.6           VALUE CHAIN ANALYSIS               59

5.7           REGULATORY LANDSCAPE         60

5.7.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             60

5.7.2        KEY REGULATIONS         64

5.7.2.1    North America      64

5.7.2.1.1 SCR 17: Artificial Intelligence Bill (California)               64

5.7.2.1.2 S1103: Artificial Intelligence Automated Decision Bill (Connecticut)        64

5.7.2.1.3 National Artificial Intelligence Initiative Act (NAIIA)   64

5.7.2.1.4 Artificial Intelligence and Data Act (AIDA) – Canada   64

5.7.2.2    Europe   65

5.7.2.2.1 European Union (EU) – Artificial Intelligence Act (AIA)                 65

5.7.2.2.2 General Data Protection Regulation (Europe)                65

5.7.2.3    Asia Pacific            66

5.7.2.3.1 Interim Administrative Measures for Generative Artificial Intelligence Services (China)              66

5.7.2.3.2 National AI Strategy (Singapore)      66

5.7.2.3.3 Hiroshima AI Process Comprehensive Policy Framework (Japan)                 67

5.7.2.4    Middle East & Africa            67

5.7.2.4.1 National Strategy for Artificial Intelligence (UAE)        67

5.7.2.4.2 National Artificial Intelligence Strategy (Qatar)             68

5.7.2.4.3 AI Ethics Principles and Guidelines (Dubai)  68

5.7.2.5    Latin America       68

5.7.2.5.1 Santiago Declaration (Chile)              68

5.7.2.5.2 Brazilian Artificial Intelligence Strategy (EBIA)             69

5.7.3        ISO/IEC 69

5.7.3.1    ISO/IEC JTC 1     69

5.7.3.2    ISO/IEC 27001     70

5.7.3.3    ISO/IEC 19770-1 70

5.7.3.4    ISO/IEC JTC 1/SWG 5      70

5.7.3.5    ISO/IEC JTC 1/SC 31         70

5.7.3.6    ISO/IEC JTC 1/SC 27         70

5.7.3.7    ISO/IEC JTC 1/WG 7 sensors           70

5.7.4        GDPR    70

5.7.5        FMCSA  71

5.7.6        FHWA    71

5.7.7        MARAD 71

5.7.8        FAA        71

5.7.9        FRA        71

5.7.10      IEEE-SA 71

5.7.11      CEN/ISO               71

5.7.12      CEN/CENELEC  72

5.7.13      ETSI       72

5.7.14      ITU-T    72

5.8           PRICING MODEL ANALYSIS         72

5.8.1        INDICATIVE PRICING ANALYSIS OF DIGITAL RAILWAY SERVICES, 2024  73

5.9           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            74

5.10         TECHNOLOGY ANALYSIS             75

5.10.1      KEY TECHNOLOGIES     75

5.10.1.1  Internet of Things (IoT)     75

5.10.1.2  Big data analytics and cloud computing            75

5.10.1.3  Artificial intelligence (AI) & machine learning (ML)     75

5.10.1.4  Advanced signaling systems                76

5.10.1.5  Communication-based train control (CBTC) 76

5.10.2      ADJACENT TECHNOLOGIES       76

5.10.2.1  Augmented reality (AR) & virtual reality (VR)                76

5.10.2.2  Blockchain             76

5.10.2.3  Drones   77

5.10.3      COMPLEMENTARY TECHNOLOGIES       77

5.10.3.1  Edge computing   77

5.10.3.2  Digital twin            77

5.10.3.3  Cybersecurity        77

5.10.3.4  5G and wireless communication networks       78

5.11         PATENT ANALYSIS          78

5.12         KEY CONFERENCES AND EVENTS, 2025–2026        79

5.13         PORTER’S FIVE FORCES ANALYSIS           81

5.13.1      THREAT OF NEW ENTRANTS      82

5.13.2      THREAT OF SUBSTITUTES          82

5.13.3      BARGAINING POWER OF SUPPLIERS       82

5.13.4      BARGAINING POWER OF BUYERS             82

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 82

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     83

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           83

5.14.2      BUYING CRITERIA           84

5.15         BEST PRACTICES IN DIGITAL RAILWAY MARKET                 84

5.16         TECHNOLOGY ROADMAP FOR DIGITAL RAILWAY MARKET               85

5.16.1      SHORT-TERM ROADMAP (2023–2025)      85

5.16.2      MID-TERM ROADMAP (2026–2028)            85

5.16.3      LONG-TERM ROADMAP (2029–2030)        86

5.17         INVESTMENT AND FUNDING SCENARIO               86

5.18         BUSINESS MODELS OF DIGITAL RAILWAYS          86

5.18.1      CURRENT BUSINESS MODELS    86

5.18.2      EMERGING BUSINESS MODELS 87

5.19         IMPACT OF AI/GENERATIVE AI ON DIGITAL RAILWAY MARKET               88

5.19.1      USE CASES OF GENERATIVE AI IN DIGITAL RAILWAYS                 88

5.20         IMPACT OF 2025 US TARIFF – DIGITAL RAILWAY MARKET               89

5.20.1      INTRODUCTION              89

5.20.2      KEY TARIFF RATES          89

5.20.3      PRICE IMPACT ANALYSIS             90

5.20.4      IMPACT ON COUNTRY/REGION                91

5.20.4.1  US           91

5.20.4.2  Europe   92

5.20.4.3  Asia Pacific            93

5.20.5      IMPACT ON DIGITAL RAILWAY MARKET SEGMENTS                 93

6               DIGITAL RAILWAY MARKET, BY SOLUTION         95

6.1           INTRODUCTION              96

6.1.1        SOLUTION: MARKET DRIVERS   96

6.2           REMOTE MONITORING 98

6.2.1        REMOTE MONITORING SOLUTIONS TO IMPROVE RELIABILITY OF RAILWAY INFRASTRUCTURE    98

6.3           ROUTE OPTIMIZATION & SCHEDULING                99

6.3.1        ROUTE OPTIMIZATION & SCHEDULING SOLUTIONS TO ENABLE EFFICIENT MANAGEMENT OF ROUTINE OPERATIONS FOR TRAINS       99

6.4           ANALYTICS         100

6.4.1        RAIL ANALYTICS SYSTEMS TO HELP IN DEMAND PLANNING, REVENUE AND WORKFORCE MANAGEMENT, TRANSIT ANALYSIS, AND PRICING ANALYSIS      100

6.5           NETWORK MANAGEMENT           101

6.5.1        NETWORK MANAGEMENT SOLUTIONS PLAY AN IMPORTANT ROLE IN DISASTER MANAGEMENT AND MINIMIZING LOSS           101

6.6           PREDICTIVE MAINTENANCE      102

6.6.1        PREDICTIVE MAINTENANCE SOLUTIONS TO INCREASE ASSET LIFE AND IMPROVE RAIL OPERATIONS AND SAFETY                 102

6.7           SECURITY            103

6.7.1        RAIL SECURITY SOLUTIONS TO BE ADOPTED INCREASINGLY WITH HIGHER DEPLOYMENT OF DIGITAL SOLUTIONS        103

6.8           OTHER SOLUTIONS        104

7               DIGITAL RAILWAY MARKET, BY SERVICE              105

7.1           INTRODUCTION              106

7.1.1        SERVICE: MARKET DRIVERS        106

7.2           PROFESSIONAL SERVICES            107

7.2.1        CONSULTING    108

7.2.1.1    Consulting service vendors to offer recommendations on implementing new technologies         108

7.2.2        SYSTEM INTEGRATION & DEPLOYMENT              109

7.2.2.1    System integration & deployment service providers to help integrate smart solutions with their existing infrastructure           109

7.2.3        SUPPORT & MAINTENANCE        110

7.2.3.1    Support & maintenance services to assist in installing freight management system solutions            110

7.3           MANAGED SERVICES      111

8               DIGITAL RAILWAY MARKET, BY APPLICATION  113

8.1           INTRODUCTION              114

8.1.1        APPLICATION: MARKET DRIVERS             114

8.2           RAIL OPERATIONS MANAGEMENT          115

8.2.1        RAIL AUTOMATION MANAGEMENT        116

8.2.1.1    Rail automation system comprises traffic monitoring and protection systems to ensure safety and better experience            116

8.2.2        RAIL CONTROL 117

8.2.2.1    Signaling Solutions               118

8.2.2.1.1 Signaling solutions to ensure communication between trains, stations, and workforce        118

8.2.2.2    Rail Traffic Management    119

8.2.2.2.1 Rail traffic management to offer flexible solutions to increase railway network capacity and efficiency            119

8.2.2.3    Freight Management            120

8.2.2.3.1 Freight management systems to help freight operators in infrastructure and planning decisions               120

8.2.3        SMART TICKETING         121

8.2.3.1    Smart ticketing to help contribute to overall improvement of railway transport network   121

8.2.4        WORKFORCE MANAGEMENT     122

8.2.4.1    Workforce management to ensure significant cost reduction and effective employee engagement          122

8.3           PASSENGER INFORMATION SYSTEMS    123

8.3.1        PASSENGER INFORMATION SYSTEMS TO BE KEY COMMUNICATION LINK BETWEEN TRANSPORTATION OPERATORS AND PASSENGER CONNECTIVITY 123

8.4           ASSET MANAGEMENT   124

8.4.1        RAIL ASSET MANAGEMENT TO OPTIMIZE PERFORMANCE  AND RAIL INFRASTRUCTURE 124

8.5           OTHER APPLICATIONS 125

9               DIGITAL RAILWAY MARKET, BY REGION               126

9.1           INTRODUCTION              127

9.2           NORTH AMERICA             128

9.2.1        NORTH AMERICA: MACROECONOMIC OUTLOOK                 128

9.2.2        NORTH AMERICA: DIGITAL RAILWAY MARKET DRIVERS                 129

9.2.3        US           134

9.2.3.1    Government initiatives to drive market in US 134

9.2.4        CANADA               134

9.2.4.1    Increase in number of passengers and higher freight traffic to drive market in Canada       134

9.3           EUROPE               135

9.3.1        EUROPE: MACROECONOMIC OUTLOOK               135

9.3.2        EUROPE: MARKET DRIVERS        135

9.3.3        EUROPE: REGULATORY IMPLICATIONS                 135

9.3.4        UK          140

9.3.4.1    Need to improve efficiency of existing railway infrastructure to boost market in UK              140

9.3.5        GERMANY           140

9.3.5.1    Greater adoption of IoT and analytics to boost market in Germany                 140

9.3.6        FRANCE                141

9.3.6.1    High investment by railway operators to drive market in France                 141

9.3.7        REST OF EUROPE             141

9.4           ASIA PACIFIC     141

9.4.1        ASIA PACIFIC: MACROECONOMIC OUTLOOK     142

9.4.2        ASIA PACIFIC: DIGITAL RAILWAY MARKET DRIVERS                 142

9.4.3        CHINA  147

9.4.3.1    High government investments in railway infrastructure and rapid growth in railways to drive market in China    147

9.4.4        INDIA    148

9.4.4.1    Higher railway profits and government initiatives for smart cities to drive market in India       148

9.4.5        JAPAN   148

9.4.5.1    Increase in adoption of railway technologies to boost market in Japan      148

9.4.6        REST OF ASIA PACIFIC   148

9.5           MIDDLE EAST & AFRICA                149

9.5.1        MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK                 149

9.5.2        MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET DRIVERS               149

9.5.3        NIGERIA               154

9.5.3.1    Government initiatives combined with cooperation with other countries to boost market in Nigeria 154

9.5.4        UAE        154

9.5.4.1    Government initiatives to drive market in UAE              154

9.5.5        SOUTH AFRICA 154

9.5.5.1    Increased demand for transportation services to match regional trade requirements to drive market in South Africa       154

9.5.6        REST OF THE MIDDLE EAST & AFRICA   155

9.6           LATIN AMERICA                155

9.6.1        LATIN AMERICA: DIGITAL RAILWAY MARKET DRIVERS                 155

9.6.2        LATIN AMERICA: MACROECONOMIC OUTLOOK                 155

9.6.3        BRAZIL 160

9.6.3.1    Large scope for further development of railway infrastructure to boost opportunity in Brazil 160

9.6.4        MEXICO                160

9.6.4.1    Strategic location in North America to play key role in development of railway infrastructure in Mexico            160

9.6.5        REST OF LATIN AMERICA             161

10            COMPETITIVE LANDSCAPE         162

10.1         INTRODUCTION              162

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 162

10.3         MARKET SHARE ANALYSIS, 2024                 164

10.4         REVENUE ANALYSIS OF LEADING PLAYERS, 2020-2024                 166

10.5         BRAND/PRODUCT COMPARISON             167

10.6         COMPANY VALUATION AND FINANCIAL METRICS                 167

10.7         COMPANY EVALUATION QUADRANT, 2025          169

10.7.1      STARS   169

10.7.2      EMERGING LEADERS     169

10.7.3      PERVASIVE PLAYERS      169

10.7.4      PARTICIPANTS 169

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         171

10.7.5.1  Company footprint               171

10.7.5.2  Region footprint   172

10.7.5.3  Product footprint  173

10.7.5.4  Application footprint            174

10.8         STARTUP/SME EVALUATION QUADRANT            175

10.8.1      PROGRESSIVE COMPANIES         175

10.8.2      RESPONSIVE COMPANIES            175

10.8.3      DYNAMIC COMPANIES  175

10.8.4      STARTING BLOCKS         175

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 176

10.8.5.1  Detailed list of key startups/SMEs    176

10.8.5.2  Competitive benchmarking of key startups/SMEs          177

10.9         COMPETITIVE SCENARIO             178

10.9.1      PRODUCT LAUNCHES   178

10.9.2      DEALS  180

11            COMPANY PROFILES      189

11.1         MAJOR PLAYERS               189

11.1.1      SIEMENS              189

11.1.1.1  Business overview 189

11.1.1.2  Products/Solutions/Services offered 190

11.1.1.3  Recent developments           191

11.1.1.3.1                Product launches  191

11.1.1.3.2                Deals      192

11.1.1.3.3                Other developments             192

11.1.1.4  MnM view              193

11.1.1.4.1                Right to win           193

11.1.1.4.2                Strategic choices   193

11.1.1.4.3                Weaknesses and competitive threats 193

11.1.2      CISCO   194

11.1.2.1  Business overview 194

11.1.2.2  Products/Solutions/Services offered 195

11.1.2.3  Recent developments           196

11.1.2.4  MnM view              196

11.1.2.4.1                Right to win           196

11.1.2.4.2                Strategic choices   196

11.1.2.4.3                Weaknesses and competitive threats 196

11.1.3      HITACHI               197

11.1.3.1  Business overview 197

11.1.3.2  Products/Solutions/Services offered 198

11.1.3.3  Recent developments           199

11.1.3.3.1                Product Launches 199

11.1.3.3.2                Deals      199

11.1.3.3.3                Other developments             200

11.1.3.4  MnM view              201

11.1.3.4.1                Right to win           201

11.1.3.4.2                Strategic choices   201

11.1.3.4.3                Weaknesses and competitive threats 201

11.1.4      WABTEC               202

11.1.4.1  Business overview 202

11.1.4.2  Products/Solutions/Services offered 203

11.1.4.3  Recent developments           204

11.1.4.4  MnM view              206

11.1.4.4.1                Key strengths/Right to win 206

11.1.4.4.2                Strategic choices made        206

11.1.4.4.3                Weaknesses and competitive threats 206

11.1.5      ALSTOM               207

11.1.5.1  Business overview 207

11.1.5.2  Products/Solutions/Services offered 208

11.1.5.3  Recent developments           209

11.1.5.3.1                Other developments             211

11.1.5.4  MnM view              211

11.1.5.4.1                Right to win           211

11.1.5.4.2                Strategic choices   211

11.1.5.4.3                Weaknesses and competitive threats 211

11.1.6      IBM        212

11.1.6.1  Business overview 212

11.1.6.2  Products/Solutions/Services offered 213

11.1.6.3  MnM view              214

11.1.6.3.1                Right to win           214

11.1.6.3.2                Strategic choices   214

11.1.6.3.3                Weaknesses and competitive threats 214

11.1.7      ABB        215

11.1.7.1  Business overview 215

11.1.7.2  Products/Solutions/Services offered 216

11.1.7.3  Recent developments           217

11.1.7.3.1                Product Launches 217

11.1.8      HUAWEI               219

11.1.8.1  Business Overview                219

11.1.8.2  Products/Solutions/Services offered 220

11.1.8.3  Recent developments           221

11.1.8.3.1                Product launches  221

11.1.8.3.2                Deals      222

11.1.9      FUJITSU                224

11.1.9.1  Business overview 224

11.1.9.2  Products/Solutions/Services offered 225

11.1.9.3  Recent developments           226

11.1.10   DXC       227

11.1.10.1                 Business overview 227

11.1.10.2                 Products/Solutions/Services offered 228

11.1.10.3                 Recent developments           229

11.1.10.3.1             Other developments             229

11.1.11   HONEYWELL     230

11.1.11.1                 Business overview 230

11.1.11.2                 Products/Solutions/Services offered 231

11.1.11.3                 Recent developments           232

11.1.11.3.1             Deals      232

11.1.12   INDRA  233

11.1.13   NOKIA  234

11.1.14   ATKINS 235

11.1.15   TOSHIBA              235

11.1.16   TELEVIC               236

11.1.17   ADVANTECH     237

11.2         STARTUPS/SMES              238

11.2.1      ZEDAS  238

11.2.2      R2P         238

11.2.3      SIMPLEWAY       239

11.2.4      TEGO    240

11.2.5      ASSETIC               240

11.2.6      PASSIO TECHNOLOGIES               241

11.2.7      DELPHISONIC   242

11.2.8      UPTAKE                242

11.2.9      KONUX 243

11.2.10   MACHINES WITH VISION              243

11.2.11   EKE-ELECTRONICS         244

11.2.12   AITEK S.P.A.       245

11.2.13   CLOUDMOYO   246

11.2.14   RAILTEL               247

12            ADJACENT/RELATED MARKETS                248

12.1         INTRODUCTION              248

12.1.1      LIMITATIONS    248

12.2         SMART RAILWAYS MARKET – GLOBAL FORECAST TO 2030        248

12.2.1      MARKET DEFINITION   248

12.2.2      MARKET OVERVIEW       248

12.2.3      SMART RAILWAYS MARKET, BY OFFERING           249

12.2.4      SMART RAILWAYS MARKET, BY SOLUTION          249

12.2.5      SMART RAILWAYS MARKET, BY SERVICE               250

12.2.6      SMART RAILWAYS MARKET, BY PROFESSIONAL SERVICE                 251

12.2.7      SMART RAILWAYS MARKET, BY REGION                252

12.3         RAILWAY MANAGEMENT SYSTEM MARKET  – GLOBAL FORECAST TO 2025          253

12.3.1      MARKET DEFINITION   253

12.3.2      MARKET OVERVIEW       253

12.3.3      RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING           254

12.3.4      RAILWAY MANAGEMENT SYSTEM MARKET, BY SOLUTION          254

12.3.5      RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION                 255

13            APPENDIX           257

13.1         DISCUSSION GUIDE        257

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                260

13.3         CUSTOMIZATIONS OFFERED     262

13.4         RELATED REPORTS         262

13.5         AUTHOR DETAILS           263

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2020–2024            31

TABLE 2                RISK ASSESSMENT           40

TABLE 3                DIGITAL RAILWAY MARKET: ECOSYSTEM                 55

TABLE 4                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 61

TABLE 5                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           61

TABLE 6                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 62

TABLE 7                REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 63

TABLE 8                INDICATIVE PRICING ANALYSIS OF DIGITAL RAILWAY SOLUTIONS,

BY KEY PLAYER, 2024      73

TABLE 9                DIGITAL RAILWAY MARKET: LIST OF TOP PATENTS, 2024  79

TABLE 10              DIGITAL RAILWAY MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026                 79

TABLE 11              IMPACT OF PORTER’S FIVE FORCES ON DIGITAL RAILWAY MARKET        81

TABLE 12              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS           83

TABLE 13              KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 84

TABLE 14              US ADJUSTED RECIPROCAL TARIFF RATES                 89

TABLE 15              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKET DUE TO TARIFF IMPACT                 90

TABLE 16              DIGITAL RAILWAY MARKET, BY SOLUTION, 2019–2024 (USD BILLION)             97

TABLE 17              DIGITAL RAILWAY MARKET, BY SOLUTION, 2025–2030 (USD BILLION)             97

TABLE 18              REMOTE MONITORING: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             98

TABLE 19              REMOTE MONITORING: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             98

TABLE 20              ROUTE OPTIMIZATION & SCHEDULING: DIGITAL RAILWAY MARKET, BY REGION,  2019–2024 (USD BILLION)             99

TABLE 21              ROUTE OPTIMIZATION & SCHEDULING: DIGITAL RAILWAY MARKET, BY REGION,  2025–2030 (USD BILLION)             99

TABLE 22              ANALYTICS: DIGITAL RAILWAY MARKET, BY REGION, 2019–2024 (USD BILLION)           100

TABLE 23              DIGITAL RAILWAY ANALYTICS MARKET, BY REGION, 2025–2030 (USD BILLION)           100

TABLE 24              NETWORK MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             101

TABLE 25              NETWORK MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             101

TABLE 26              PREDICTIVE MAINTENANCE: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             102

TABLE 27              PREDICTIVE MAINTENANCE: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             102

TABLE 28              SECURITY: DIGITAL RAILWAY MARKET, BY REGION, 2019–2024 (USD BILLION)           103

TABLE 29              SECURITY: DIGITAL RAILWAY MARKET, BY REGION, 2025–2030 (USD BILLION)           103

TABLE 30              OTHER SOLUTIONS: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             104

TABLE 31              OTHER SOLUTIONS: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             104

TABLE 32              DIGITAL RAILWAY MARKET, BY SERVICE, 2019–2024 (USD BILLION)        107

TABLE 33              DIGITAL RAILWAY MARKET, BY SERVICE, 2025–2030 (USD BILLION)        107

TABLE 34              PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET, BY TYPE,

2019–2024 (USD BILLION)             107

TABLE 35              PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET, BY TYPE,

2025–2030 (USD BILLION)             107

TABLE 36              PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             108

TABLE 37              PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             108

TABLE 38              CONSULTING SERVICES: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             109

TABLE 39              CONSULTING SERVICES: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             109

TABLE 40              SYSTEM INTEGRATION & DEPLOYMENT: DIGITAL RAILWAY MARKET, BY REGION,  2019–2024 (USD BILLION)             110

TABLE 41              SYSTEM INTEGRATION & DEPLOYMENT: DIGITAL RAILWAY MARKET, BY REGION,  2025–2030 (USD BILLION)             110

TABLE 42              SUPPORT & MAINTENANCE: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             111

TABLE 43              SUPPORT & MAINTENANCE: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             111

TABLE 44              MANAGED SERVICES: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             111

TABLE 45              MANAGED SERVICES: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             112

TABLE 46              DIGITAL RAILWAY MARKET, BY APPLICATION, 2019–2024 (USD BILLION)             114

TABLE 47              DIGITAL RAILWAY MARKET, BY APPLICATION, 2025–2030 (USD BILLION)             115

TABLE 48              RAIL OPERATIONS MANAGEMENT: DIGITAL RAILWAYS MARKET, BY REGION,  2019–2024 (USD BILLION)                 115

TABLE 49              RAIL OPERATIONS MANAGEMENT: DIGITAL RAILWAYS MARKET, BY REGION,  2025–2030 (USD BILLION)                 116

TABLE 50              RAIL OPERATIONS MANAGEMENT: DIGITAL RAILWAY MARKET, BY TYPE,

2019–2024 (USD BILLION)             116

TABLE 51              DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET, BY TYPE,

2025–2030 (USD BILLION)             116

TABLE 52              RAIL AUTOMATION MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             117

TABLE 53              RAIL AUTOMATION MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             117

TABLE 54              RAIL CONTROL: DIGITAL RAILWAY MARKET, BY TYPE, 2019–2024 (USD BILLION) 118

TABLE 55              RAIL CONTROL: DIGITAL RAILWAY MARKET, BY TYPE, 2025–2030 (USD BILLION) 118

TABLE 56              SIGNALING SOLUTIONS: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             118

TABLE 57              SIGNALING SOLUTIONS: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             119

TABLE 58              RAIL TRAFFIC MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             119

TABLE 59              RAIL TRAFFIC MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             120

TABLE 60              FREIGHT MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             120

TABLE 61              FREIGHT MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             121

TABLE 62             SMART TICKETING: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             121

TABLE 63             SMART TICKETING: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             122

TABLE 64              WORKFORCE MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)             122

TABLE 65              WORKFORCE MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             123

TABLE 66              PASSENGER INFORMATION SYSTEM: DIGITAL RAILWAY MARKET, BY REGION,  2019–2024 (USD BILLION)                 123

TABLE 67              PASSENGER INFORMATION SYSTEM: DIGITAL RAILWAY MARKET, BY REGION,  2025–2030 (USD BILLION)                 124

TABLE 68              ASSET MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)           124

TABLE 69              ASSET MANAGEMENT: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             125

TABLE 70              OTHER APPLICATIONS: DIGITAL RAILWAY MARKET, BY REGION,

2019–2024 (USD BILLION)           125

TABLE 71              OTHER APPLICATIONS: DIGITAL RAILWAY MARKET, BY REGION,

2025–2030 (USD BILLION)             125

TABLE 72              DIGITAL RAILWAY MARKET, BY REGION, 2019–2024 (USD BILLION)        127

TABLE 73              DIGITAL RAILWAY MARKET, BY REGION, 2025–2030 (USD BILLION)        128

TABLE 74              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY OFFERING,

2019–2024 (USD MILLION)            130

TABLE 75              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY OFFERING,

2025–2030 (USD MILLION)            130

TABLE 76              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY SOLUTION,

2019–2024 (USD BILLION)             130

TABLE 77              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY SOLUTION,

2025–2030 (USD BILLION)             131

TABLE 78              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY SERVICE,

2019–2024 (USD BILLION)             131

TABLE 79              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY SERVICE,

2025–2030 (USD BILLION)             131

TABLE 80              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2019–2024 (USD BILLION)           131

TABLE 81              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD BILLION)             132

TABLE 82              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY APPLICATION,

2019–2024 (USD BILLION)             132

TABLE 83              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY APPLICATION,

2025–2030 (USD BILLION)             132

TABLE 84              NORTH AMERICA: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,  BY TYPE, 2019–2024 (USD BILLION) 132

TABLE 85              NORTH AMERICA: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,  BY TYPE, 2025–2030 (USD BILLION) 133

TABLE 86              NORTH AMERICA: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2019–2024 (USD BILLION)             133

TABLE 87              NORTH AMERICA: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2025–2030 (USD BILLION)             133

TABLE 88              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY COUNTRY,

2019–2024 (USD BILLION)           133

TABLE 89              NORTH AMERICA: DIGITAL RAILWAY MARKET, BY COUNTRY,

2025–2030 (USD BILLION)             134

TABLE 90              EUROPE: DIGITAL RAILWAY MARKET, BY OFFERING, 2019–2024 (USD BILLION)      136

TABLE 91              EUROPE: DIGITAL RAILWAY MARKET, BY OFFERING, 2025–2030 (USD BILLION)      136

TABLE 92              EUROPE: DIGITAL RAILWAY MARKET, BY SOLUTION, 2019–2024 (USD BILLION)     136

TABLE 93              EUROPE: DIGITAL RAILWAY MARKET, BY SOLUTION, 2025–2030 (USD BILLION)     137

TABLE 94              EUROPE: DIGITAL RAILWAY MARKET, BY SERVICE, 2019–2024 (USD BILLION)          137

TABLE 95              EUROPE: DIGITAL RAILWAY MARKET, BY SERVICE, 2025–2030 (USD BILLION)          137

TABLE 96              EUROPE: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2019–2024 (USD BILLION)             137

TABLE 97              EUROPE: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD BILLION)             138

TABLE 98              EUROPE: DIGITAL RAILWAY MARKET, BY APPLICATION, 2019–2024 (USD BILLION)               138

TABLE 99              EUROPE: DIGITAL RAILWAY MARKET, BY APPLICATION, 2025–2030 (USD BILLION)               138

TABLE 100            EUROPE: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,

BY TYPE, 2019–2024 (USD BILLION)          138

TABLE 101            EUROPE: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,

BY TYPE, 2025–2030 (USD BILLION)          139

TABLE 102            EUROPE: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2019–2024 (USD BILLION)             139

TABLE 103            EUROPE: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2025–2030 (USD BILLION)             139

TABLE 104            EUROPE: DIGITAL RAILWAY MARKET, BY COUNTRY, 2019–2024 (USD BILLION)      139

TABLE 105            EUROPE: DIGITAL RAILWAY MARKET, BY COUNTRY, 2025–2030 (USD BILLION)      140

TABLE 106            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY OFFERING,

2019–2024 (USD BILLION)             143

TABLE 107            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY OFFERING,

2025–2030 (USD BILLION)             143

TABLE 108            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY SOLUTION,

2019–2024 (USD BILLION)             144

TABLE 109            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY SOLUTION,

2025–2030 (USD BILLION)             144

TABLE 110            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY SERVICE, 2019–2024 (USD BILLION)          144

TABLE 111            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY SERVICE, 2025–2030 (USD BILLION)          144

TABLE 112            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2019–2024 (USD BILLION)             145

TABLE 113            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD BILLION)             145

TABLE 114            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY APPLICATION,

2019–2024 (USD BILLION)             145

TABLE 115            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY APPLICATION,

2025–2030 (USD BILLION)             145

TABLE 116            ASIA PACIFIC: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,

BY TYPE, 2019–2024 (USD BILLION)          146

TABLE 117            ASIA PACIFIC: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,

BY TYPE, 2025–2030 (USD BILLION)          146

TABLE 118            ASIA PACIFIC: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2019–2024 (USD BILLION)           146

TABLE 119            ASIA PACIFIC: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2025–2030 (USD BILLION)             146

TABLE 120            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY COUNTRY,

2019–2024 (USD BILLION)             147

TABLE 121            ASIA PACIFIC: DIGITAL RAILWAY MARKET, BY COUNTRY,

2025–2030 (USD BILLION)             147

TABLE 122            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY OFFERING,

2019–2024 (USD BILLION)             150

TABLE 123            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY OFFERING,

2025–2030 (USD BILLION)             150

TABLE 124            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY SOLUTION,

2019–2024 (USD BILLION)             150

TABLE 125            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY SOLUTION,

2025–2030 (USD BILLION)             151

TABLE 126            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY SERVICE,

2019–2024 (USD BILLION)             151

TABLE 127            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY SERVICE,

2025–2030 (USD BILLION)             151

TABLE 128            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,  2019–2024 (USD BILLION)             151

TABLE 129            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,  2025–2030 (USD BILLION)             152

TABLE 130            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY APPLICATION,

2019–2024 (USD BILLION)             152

TABLE 131            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY APPLICATION,

2025–2030 (USD BILLION)             152

TABLE 132            MIDDLE EAST & AFRICA: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET, BY TYPE, 2019–2024 (USD BILLION)             152

TABLE 133            MIDDLE EAST & AFRICA: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET, BY TYPE, 2025–2030 (USD BILLION)             153

TABLE 134            MIDDLE EAST & AFRICA: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,  2019–2024 (USD BILLION)             153

TABLE 135            MIDDLE EAST & AFRICA: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,  2025–2030 (USD BILLION)             153

TABLE 136            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY COUNTRY,

2019–2024 (USD BILLION)             153

TABLE 137            MIDDLE EAST & AFRICA: DIGITAL RAILWAY MARKET, BY COUNTRY,

2025–2030 (USD BILLION)             154

TABLE 138            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY OFFERING,

2019–2024 (USD BILLION)             156

TABLE 139            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY OFFERING,

2025–2030 (USD BILLION)             156

TABLE 140            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY SOLUTION,

2019–2024 (USD BILLION)             156

TABLE 141            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY SOLUTION,

2025–2030 (USD BILLION)             156

TABLE 142            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY SERVICE,

2019–2024 (USD BILLION)             157

TABLE 143            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY SERVICE,

2025–2030 (USD BILLION)             157

TABLE 144            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2019–2024 (USD BILLION)             157

TABLE 145            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE,

2025–2030 (USD BILLION)             157

TABLE 146            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY APPLICATION,

2019–2024 (USD BILLION)             158

TABLE 147            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY APPLICATION,

2025–2030 (USD BILLION)             158

TABLE 148            LATIN AMERICA: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,  BY TYPE, 2019–2024 (USD BILLION) 158

TABLE 149            LATIN AMERICA: DIGITAL RAIL OPERATIONS MANAGEMENT APPLICATION MARKET,  BY TYPE, 2025–2030 (USD BILLION) 159

TABLE 150            LATIN AMERICA: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2019–2024 (USD BILLION)           159

TABLE 151            LATIN AMERICA: DIGITAL RAIL CONTROL APPLICATION MARKET, BY TYPE,

2025–2030 (USD BILLION)             159

TABLE 152            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY COUNTRY,

2019–2024 (USD BILLION)             159

TABLE 153            LATIN AMERICA: DIGITAL RAILWAY MARKET, BY COUNTRY,

2025–2030 (USD BILLION)             160

TABLE 154            OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS,

2022–2025              162

TABLE 155            DIGITAL RAILWAY MARKET: DEGREE OF COMPETITION 165

TABLE 156            DIGITAL RAILWAY MARKET: REGION FOOTPRINT       172

TABLE 157            DIGITAL RAILWAY MARKET: PRODUCT FOOTPRINT       173

TABLE 158            DIGITAL RAILWAY MARKET: APPLICATION FOOTPRINT       174

TABLE 159            DIGITAL RAILWAYS MARKET: LIST OF KEY STARTUPS/SMES              176

TABLE 160            DIGITAL RAILWAYS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          177

TABLE 161            PRODUCT LAUNCHES, JUNE 2019–MAY 2025                 178

TABLE 162            DEALS, JANUARY 2019–MAY 2025                180

TABLE 163            SIEMENS: COMPANY OVERVIEW               189

TABLE 164            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             190

TABLE 165            SIEMENS: PRODUCT LAUNCHES               191

TABLE 166            SIEMENS: DEALS               192

TABLE 167            SIEMENS: OTHER DEVELOPMENTS         192

TABLE 168            CISCO: COMPANY OVERVIEW    194

TABLE 169            CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             195

TABLE 170            CISCO: DEALS   196

TABLE 171            HITACHI: COMPANY OVERVIEW               197

TABLE 172            HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED             198

TABLE 173            HITACHI: PRODUCT LAUNCHES               199

TABLE 174            HITACHI: DEALS               199

TABLE 175            HITACHI: OTHER DEVELOPMENTS         200

TABLE 176            WABTEC: COMPANY OVERVIEW               202

TABLE 177            WABTEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             203

TABLE 178            WABTEC: PRODUCT LAUNCHES                204

TABLE 179            WABTEC: DEALS               205

TABLE 180            ALSTOM: COMPANY OVERVIEW                207

TABLE 181            ALSTOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             208

TABLE 182            ALSTOM: DEALS               209

TABLE 183            ALSTOM: OTHER DEVELOPMENTS         211

TABLE 184            IBM: COMPANY OVERVIEW         212

TABLE 185            IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             213

TABLE 186            ABB: COMPANY OVERVIEW         215

TABLE 187            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             216

TABLE 188            ABB: PRODUCT LAUNCHES         217

TABLE 189            ABB: DEALS        217

TABLE 190            HUAWEI: COMPANY OVERVIEW                219

TABLE 191            HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED             220

TABLE 192            HUAWEI: PRODUCT LAUNCHES                221

TABLE 193            HUAWEI: DEALS                222

TABLE 194            FUJITSU: COMPANY OVERVIEW 224

TABLE 195            FUJITSU: PRODUCTS/SOLUTIONS/SERVICES OFFERED             225

TABLE 196            FUJITSU: DEALS                226

TABLE 197            DXC: COMPANY OVERVIEW        227

TABLE 198            DXC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             228

TABLE 199            DXC: OTHER DEVELOPMENTS  229

TABLE 200            HONEYWELL: COMPANY OVERVIEW      230

TABLE 201            HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    231

TABLE 202            HONEYWELL: DEALS      232

TABLE 203            SMART RAILWAYS MARKET SIZE, BY OFFERING, 2019–2024 (USD MILLION)            249

TABLE 204            SMART RAILWAYS MARKET SIZE, BY OFFERING, 2025–2030 (USD MILLION)            249

TABLE 205            SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE,

2019–2024 (USD MILLION)            250

TABLE 206            SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE,

2025–2030 (USD MILLION)            250

TABLE 207            SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2019–2024 (USD MILLION)                251

TABLE 208            SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2025–2030 (USD MILLION)                251

TABLE 209            PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE,

2019–2024 (USD MILLION)          251

TABLE 210            PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE,

2025–2030 (USD MILLION)            252

TABLE 211            SMART RAILWAYS MARKET SIZE, BY REGION, 2019–2024 (USD MILLION)            252

TABLE 212            SMART RAILWAYS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)            253

TABLE 213            RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING,

2016–2019 (USD MILLION)          254

TABLE 214            RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING,

2019–2025 (USD MILLION)            254

TABLE 215            RAILWAY MANAGEMENT SYSTEM MARKET, BY SOLUTION,

2016–2019 (USD MILLION)            255

TABLE 216            RAILWAY MANAGEMENT SYSTEM MARKET, BY SOLUTION,

2019–2025 (USD MILLION)            255

TABLE 217            RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION,

2016–2019 (USD MILLION)            256

TABLE 218            RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION,

2019–2025 (USD MILLION)            256

LIST OF FIGURES

FIGURE 1              DIGITAL RAILWAY MARKET: RESEARCH DESIGN                 33

FIGURE 2              DIGITAL RAILWAY MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES         36

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY-SIDE): REVENUE FROM DIGITAL RAILWAY SOLUTIONS/SERVICES              37

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2, BOTTOM-UP  (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL DIGITAL RAILWAY  SOLUTIONS/SERVICES  38

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY – DEMAND-SIDE ANALYSIS             38

FIGURE 6              MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH         39

FIGURE 7              DATA TRIANGULATION                40

FIGURE 8              DIGITAL RAILWAY MARKET TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD                 44

FIGURE 9              SOLUTIONS SEGMENT TO HOLD LARGER MARKET SIZE IN 2025      44

FIGURE 10            REMOTE MONITORING SEGMENT TO HOLD LARGEST MARKET SIZE IN 2025 45

FIGURE 11            PROFESSIONAL SERVICES SEGMENT TO HOLD HIGHEST MARKET SHARE IN 2025             45

FIGURE 12            SYSTEM INTEGRATION & DEPLOYMENT SEGMENT TO HOLD HIGHEST MARKET SHARE IN 2025  45

FIGURE 13            RAIL OPERATIONS MANAGEMENT SEGMENT TO HOLD LARGEST MARKET SIZE

IN 2025  46

FIGURE 14            DIGITAL RAILWAY MARKET, BY REGION (2025)                 46

FIGURE 15            RISING ADOPTION OF AUTOMATION TECHNOLOGIES TO DRIVE MARKET      47

FIGURE 16            REMOTE MONITORING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD (2025–2030)                 47

FIGURE 17            REMOTE MONITORING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD (2025–2030)                 48

FIGURE 18            PROFESSIONAL SERVICE AND RAIL OPERATIONS MANAGEMENT SEGMENTS TO ACCOUNT FOR SIGNIFICANT MARKET SHARES IN 2025  48

FIGURE 19            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:  DIGITAL RAILWAY MARKET       49

FIGURE 20            BRIEF HISTORY OF DIGITAL RAILWAYS 53

FIGURE 21            DIGITAL RAILWAY MARKET: ECOSYSTEM                 54

FIGURE 22            DIGITAL RAILWAY MARKET: VALUE CHAIN ANALYSIS            59

FIGURE 23            AVERAGE SELLING PRICE OF DIGITAL RAILWAY SOLUTIONS, BY KEY PLAYER, 2024            72

FIGURE 24            REVENUE SHIFT FOR DIGITAL RAILWAY MARKET               74

FIGURE 25            DIGITAL RAILWAY MARKET: PATENTS APPLIED AND GRANTED, 2015–2025            78

FIGURE 26            DIGITAL RAILWAY MARKET: PORTER’S FIVE FORCES ANALYSIS           81

FIGURE 27            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS           83

FIGURE 28            KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 84

FIGURE 29            INVESTMENT IN LEADING GLOBAL DIGITAL RAILWAYS, BY NUMBER OF DEALS AND FUNDING (USD MILLION)            86

FIGURE 30            USE CASES OF GENERATIVE AI IN DIGITAL RAILWAYS           88

FIGURE 31            PREDICTIVE MAINTENANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 97

FIGURE 32            MANAGED SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD          106

FIGURE 33            PASSENGER INFORMATION SYSTEMS TO BE FASTEST-GROWING APPLICATION SEGMENT    114

FIGURE 34            EUROPE TO BE LARGEST REGIONAL DIGITAL RAILWAY MARKET IN 2025            127

FIGURE 35            NORTH AMERICA: MARKET SNAPSHOT 129

FIGURE 36            ASIA PACIFIC: MARKET SNAPSHOT          143

FIGURE 37            SHARES OF LEADING COMPANIES IN DIGITAL RAILWAY MARKET, 2024                 165

FIGURE 38            REVENUE ANALYSIS FOR LEADING PLAYERS, 2020–2024              166

FIGURE 39            DIGITAL RAILWAY MARKET: BRAND/PRODUCT COMPARISON   167

FIGURE 40            COMPANY VALUATION: 2025      168

FIGURE 41            FINANCIAL METRICS OF KEY VENDORS: 2025                 168

FIGURE 42            KEY DIGITAL RAILWAY MARKET PLAYER EVALUATION MATRIX, 2024         170

FIGURE 43            DIGITAL RAILWAY MARKET: COMPANY FOOTPRINT       171

FIGURE 44            DIGITAL RAILWAY MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                176

FIGURE 45            SIEMENS: COMPANY SNAPSHOT               190

FIGURE 46            CISCO: COMPANY SNAPSHOT    195

FIGURE 47            HITACHI: COMPANY SNAPSHOT               198

FIGURE 48            WABTEC: COMPANY SNAPSHOT               203

FIGURE 49            ALSTOM: COMPANY SNAPSHOT               208

FIGURE 50            IBM: COMPANY SNAPSHOT         213

FIGURE 51            ABB: COMPANY SNAPSHOT        216

FIGURE 52            HUAWEI: COMPANY SNAPSHOT                220

FIGURE 53            FUJITSU: COMPANY SNAPSHOT                225

FIGURE 54            DXC: COMPANY SNAPSHOT        228

FIGURE 55            HONEYWELL: COMPANY SNAPSHOT      231