Market Share of Railway Management System Industry
The railway management system market is moderately fragmented. Players in the market adopt strategies like innovations in their product, strategic partnerships, mergers, and acquisitions, and others to expand their market share. Some of the key developments in the area are:
- In November 2019, Alstom SA signed a second ten-year maintenance contract for ETCS equipment belonging to SBB, the Swiss national railway company. This contract extension is aimed to ensure the availability of spare parts and the large SBB fleet for the smooth operation of rail traffic in Switzerland.
- In April 2019, IBM partnered with Sund & Bælt, which owns and operates some of the largest infrastructures. This collaboration can assist in IBM's development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.
Railway Management System Market Leaders
General Electric Company
ABB limited
Alstom SA
Cisco Systems Inc.
IBM Corporation
*Disclaimer: Major Players sorted in no particular order
