PUBLISHER: Inkwood Research | PRODUCT CODE: 1220737
PUBLISHER: Inkwood Research | PRODUCT CODE: 1220737
The Europe intelligent railways transportation management systems market growth is projected to register a CAGR of 11.72% during the forecast period, 2023-2032. The region encompasses an advanced railway sector. Whereas advancements in railway infrastructure and penetration of digital solutions in railways boost market demands. The market growth is hindered by the slow growth of projects attributed to COVID-19.
France, Poland, Spain, Belgium, Italy, Germany, the United Kingdom, and Rest of Europe are evaluated for the Europe intelligent railways transportation management systems market growth analysis. Belgium has geographical restrictions for railway networking. However, the country has developed advanced rail networking with more focus on passenger transportation. Also, freight and passenger operations are controlled by separate companies in the country. At present, there are three international passenger rail undertakings and 12 freight operators. Moreover, the country has implemented the EU legislative package liberalizing the rail market sector.
Furthermore, Polish rail transport is second among the European Union states with regard to the level of cargo transport by the volume of transport activity. Additionally, the Polish market for rail freight services differs from other markets in Europe. PKP Cargo is the main operator of rail freight services in the country and the fourth largest in Europe. Whereas in Spain, there are four different rail gauges for rail transportation provided by public and private operators.
Some of the key firms in the Europe intelligent railways transportation management systems market are: Thales Group, Oracle Corporation, Tata Consultancy Services Limited (TCS), SAP SE, Siemens AG, etc.