The rail freight digital transformation market is likely to register a CAGR of 8.4%during the forecast period and is anticipated to reach a market shareofUS$ 142.68 billion by 2032, fromUS$ 63.69 billion in 2022.
The rail freight digital transformation solutions and services are creating new opportunities which are more agile to transform the rail freight digital transformation market share by developing new models and freight management systems to monitor the core operations of the rail freight digital transformation market.
According to Future Market Insight’s report, changes in consumer behavior, robust innovations, and expanding distribution networks continue to influence the growth of the demand for rail freight digital transformation and the rail freight digital transformation market.
| Attributes | Details |
|---|---|
| Rail Freight Digital Transformation Market (CAGR) | 8.4% |
| Rail Freight Digital Transformation Market (2020) | USD 54.20 Billion |
| Rail Freight Digital Transformation Market (2032) | USD 142.68 Billion |
Rail freight transportation refers to rails or trains to transport goods and cargo over long distances across cities and countries. They are typically used for transporting bulk commodities and goods from the source to the intended destination hauled by locomotives on the railroads.
However, past few years, the rail freight transportation sector has been highly influenced by digital transformation services to improve operational efficiency and optimize infrastructure costs.
Digital technologies such as cloud computing, Artificial Intelligence (AI), the Internet of Things (IoT), 5G, cyber security, big data, and analytics have transformed the rail freight digital transformation market positively.
COVID-19 has had a considerable influence on the demand for rail freight digital transformation and sales of rail freight digital transformation since its inception.
Disruptions in the electronic supply-value chain and raw material supply have harmed the rail freight digital transformation market.
The acceptance of remote working, on the other hand, has had a favorable influence on the demand for rail freight digital transformation and sales of rail freight digital transformation. A good outlook is projected as a result of the rapid focus on integrating digital techniques and big data analytics in the IT services and technology industries.
Technology vendors such as SAP, DXC Technologies, Ericsson, VTG, and others are doing strategic collaborations with governments around the world for multi-year contracts to revolutionize rail freight transportation via digitization.
The rising demand for rail freight digital transformation promotes the adoption of cutting-edge technologies to complement the traditional rail freight supply chain to build a robust digital foundation to automate operations, maintenance, safety, and other core functions with increased efficiency.
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aging traditional rail freight transportation network to boost demand for rail freight digital transformation market
Rail freight transportation is traditionally an ancient industry. The aging rail infrastructure is failing to fulfill the growing demand for rail freight digital transformation year-on-year. With the tremendous increase in the pace of technology and digital services, the rail freight transportation infrastructure is disrupting at a very high level.
The use of technologies such as 5G and LTE for high-speed connectivity, cloud infrastructure for scalability and backend rail freight operations, cyber security systems for rail safety, etc., is revolutionizing the demand for rail freight digital transformation and sales of rail freight digital transformation which in turn helps in upsurging of rail freight digital transformation market share. These technological breakthroughs would provide immense growth opportunities in the rail freight digital transformation market sales in the next 5 years.
The Asia Pacific has one of the busiest and most extensive rail networks globally and is estimated to emerge as a highly lucrative region for rail freight digital transformation market share.
As China’s One Belt, One Road (OBOR) global development strategy is gaining traction, the rail freight volumes in the Asia Pacific region tend to increase. According to China Railway, the rail freight volume for goods in China in 2018 was 4.0 billion tonnes and is estimated to reach 4.8 billion tonnes by 2020.
Moreover, Indian Railway plans to triple its rail freight volume by 2030. Such massive freight volume statistics show the growth and opportunities for rail freight digital transformation market share in Asia Pacific countries to escalate the demand for digital transformation and rail freight digital transformation sales.
Digital technologies have emerged as a critical driver for the rail freight digital transformation market in the Asia Pacific region. The use of IoT, 5G, Augmented and Virtual Reality (AR/VR) techniques, and cybersecurity for rail freight management has streamlined operations and reduced costs.
In the coming years, the governments in the Asia Pacific region are making big investments to implement the rail freight digital transformation market to surge demand for rail freight digital transformation along with sales of rail freight digital transformation.
Principal Consultant
Key players in the rail freight digital transformation market are focusing on product innovation and strategic partnerships with the technology vendors to collaborate for offering digital transformation solutions and services for sustained business growth and to escalate the demand for rail freight digital transformation as well as sales of rail freight digital transformation.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 8.4% from 2022 to 2030 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million, volume in kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Solutions, Services, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | USA; Canada; Mexico; Germany; United Kingdom.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates(UAE); Iran; South Africa |
| Key companies profiled | SAP, DXC Technologies, Ericsson, and VTG |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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Asia Pacific region leads the sales of rail freight digital transformation and in turn, has the highest demand for rail freight digital transformation.
There has been a positive impact on the rail freight digital transformation market with the adoption of remote working.
Demand for rail freight digital transformation is likely to rise, as technology vendors focus on strategic collaborations with railways to commercialize products for high profitability.
1. Executive Summary | Rail Freight Digital Transformation Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. Value Chain Analysis 3.5.1. Profit Margin Analysis 3.5.2. Service Providers 3.6. PESTLE and Porter’s Analysis 3.7. Regulatory Landscape 3.7.1. By Key Regions 3.7.2. By Key Countries 3.8. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solution 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Solution, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solution, 2022 to 2032 5.3.1. Rail Freight Operation Information Systems 5.3.2. Rail Predictive Maintenance 5.3.3. Rail Freight Tracking & Monitoring 5.3.4. Rail Cargo & Warehouse Management 5.3.5. Security & Incident Management 5.3.6. Advanced Signaling & Communications 5.3.7. Others 5.4. Y-o-Y Growth Trend Analysis By Solution, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Solution, 2022 to 2032 Deep-dive segmentation will be available in the sample on request 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Services 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Services, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2022 to 2032 6.3.1. Professional Services 6.3.2. Managed Services 6.4. Y-o-Y Growth Trend Analysis By Services, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Services, 2022 to 2032 Deep-dive segmentation will be available in the sample on request 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Freight Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Freight Type, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Freight Type, 2022 to 2032 7.3.1. Domestic Rail Freight 7.3.2. International Rail Freight 7.4. Y-o-Y Growth Trend Analysis By Freight Type, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Freight Type, 2022 to 2032 Deep-dive segmentation will be available in the sample on request 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Solution 9.2.3. By Services 9.2.4. By Freight Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Solution 9.3.3. By Services 9.3.4. By Freight Type 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Solution 10.2.3. By Services 10.2.4. By Freight Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Solution 10.3.3. By Services 10.3.4. By Freight Type 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Russia 11.2.1.7. Rest of Europe 11.2.2. By Solution 11.2.3. By Services 11.2.4. By Freight Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Solution 11.3.3. By Services 11.3.4. By Freight Type 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. India 12.2.1.4. South Korea 12.2.1.5. Australia 12.2.1.6. Rest of APAC 12.2.2. By Solution 12.2.3. By Services 12.2.4. By Freight Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Solution 12.3.3. By Services 12.3.4. By Freight Type 12.4. Key Takeaways 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. South Africa 13.2.1.2. Saudi Arabia 13.2.1.3. United Arab Emirates(UAE) 13.2.1.4. Israel 13.2.1.5. Rest of Middle East and Africa 13.2.2. By Solution 13.2.3. By Services 13.2.4. By Freight Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Solution 13.3.3. By Services 13.3.4. By Freight Type 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Solution 14.1.2.2. By Services 14.1.2.3. By Freight Type 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Solution 14.2.2.2. By Services 14.2.2.3. By Freight Type 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Solution 14.3.2.2. By Services 14.3.2.3. By Freight Type 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Solution 14.4.2.2. By Services 14.4.2.3. By Freight Type 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Solution 14.5.2.2. By Services 14.5.2.3. By Freight Type 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Solution 14.6.2.2. By Services 14.6.2.3. By Freight Type 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Solution 14.7.2.2. By Services 14.7.2.3. By Freight Type 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Solution 14.8.2.2. By Services 14.8.2.3. By Freight Type 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Solution 14.9.2.2. By Services 14.9.2.3. By Freight Type 14.10. Russia 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Solution 14.10.2.2. By Services 14.10.2.3. By Freight Type 14.11. China 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Solution 14.11.2.2. By Services 14.11.2.3. By Freight Type 14.12. Japan 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Solution 14.12.2.2. By Services 14.12.2.3. By Freight Type 14.13. India 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Solution 14.13.2.2. By Services 14.13.2.3. By Freight Type 14.14. South Korea 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Solution 14.14.2.2. By Services 14.14.2.3. By Freight Type 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Solution 14.15.2.2. By Services 14.15.2.3. By Freight Type 14.16. South Africa 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Solution 14.16.2.2. By Services 14.16.2.3. By Freight Type 14.17. Saudi Arabia 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Solution 14.17.2.2. By Services 14.17.2.3. By Freight Type 14.18. United Arab Emirates(UAE) 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Solution 14.18.2.2. By Services 14.18.2.3. By Freight Type 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Solution 14.19.2.2. By Services 14.19.2.3. By Freight Type 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Solution 15.3.3. By Services 15.3.4. By Freight Type 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. IBM Corporation 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. DXC Technologies 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Google 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Raytheon Technologies 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. SAP 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Ericsson 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Hitachi, Ltd. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Thales Group 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Robert Bosch GmbH 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Cyient 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Rail Freight Digital Transformation Market
