PUBLISHER: Inkwood Research | PRODUCT CODE: 1220739
PUBLISHER: Inkwood Research | PRODUCT CODE: 1220739
The China intelligent railways transportation management systems market is predicted to record a CAGR of 11.76% during the forecast period, 2023-2030.
China's railway infrastructure is experiencing a construction boom. For instance, the operating mileage of the Chinese railway network (CRN) has dramatically raised from 78,000 km in 2007 to 127,000 km in 2017. Accordingly, the Chinese railway network (CRN) has changed substantially, thereby requiring a thorough examination. As a result, CRN's spatial heterogeneity and hierarchy are also being evaluated alongside its statistical properties.
The China intelligent railways transportation management systems market segmentation includes application and component. The component segment includes service, hardware, and software. The software segment further includes smart traffic management analysis software, database management system, video recording software, and other software components. The service segment is subdivided into support and maintenance service and cloud management service. Whereas the applications segment includes automated traffic control, automated ticketing, passenger information management, and other applications.
The other applications category includes fleet management. Fleet management entails a range of functionality like supply chain management, fuel management, driver management, vehicle telematics, and vehicle maintenance. Similarly, smart rail fleet management software includes a railcar tracking system, which is GPS-based and can track the direction, speed, and location of the train.
Some of the prominent companies operating in the market are: Siemens AG, Manhattan Associates Inc, MercuryGate International Inc, SAP SE, Oracle Corporation, etc.