The Latin America, Middle East and Africa Digital Railway Market is expected to witness market growth of 12.0% CAGR during the forecast period (2022-2028).
Airlines have already established a lead in smart device-accessed digital ticketing, and increased use of digital wallets shows that consumers are becoming more at ease with seamless mobile payments. These will be applicable in the training context, as shown by Sydney's introduction of contactless ticketing. To enhance the customer value proposition, station precincts will be built to feature digital supermarkets, supermarket click & collect, and parcel lockers at stations.
Individual client preferences is expected to be tracked and addressed, and advertisements will be customized for each consumer. By enabling dynamic trading and better asset value realization, digital passenger tracking increases the yield on advertising space. Railway organizations must grow more entrepreneurial and commercial if they are to succeed. The railroad industry will start to monetize consumer data and better utilize the fact that they have access to sizable "captive" audiences for long stretches of the day.
Space at the station and on board will be used more effectively, and various channels will be used to pursue targeted marketing. Their land-based assets will also be better utilized, for example, using sizable land bases to support the need for dispersed small cell sites when rolling out 5g, and digital twins of the asset base will make it possible to examine potential real estate development opportunities in greater detail.
The 25,000-seat Dubai Sports Stadium, the 250 km/h Shenzen High-Speed Rail, and the 8,500-acre Abu Dhabi International Airport are just a few examples. Although they are all substantial infrastructure projects, this isn't the only thing they have in common. Tyrone Padayachee has familiarity with these endeavors from his time as a civil engineer, and he is now utilizing this knowledge in his position as Principal Digital Engineer on the METRONET Morley-Ellenbrook Line Project.
The Brazil market dominated the LAMEA Digital Railway Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,765.7 million by 2028. The Argentina market is experiencing a CAGR of 12.6% during (2022 - 2028). Additionally, The UAE market is expected to display a CAGR of 11.7% during (2022 - 2028).
Based on Offering, the market is segmented into Solutions (Remote Monitoring, Network Management, Route Optimization And Scheduling, Predictive Maintenance, Analytics, Security, and Others) and Services (Professional Services and Managed Services). Based on Application, the market is segmented into Rail Operations Management, Asset Management, Passenger Information System, and Other. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, ABB Group, Fujitsu Limited, IBM Corporation, Cisco Systems, Inc., ALSTOM Holdings, Huawei Technologies Co. Ltd., Thales Group S.A., Hitachi, Ltd., and Wabtec Corporation.
Airlines have already established a lead in smart device-accessed digital ticketing, and increased use of digital wallets shows that consumers are becoming more at ease with seamless mobile payments. These will be applicable in the training context, as shown by Sydney's introduction of contactless ticketing. To enhance the customer value proposition, station precincts will be built to feature digital supermarkets, supermarket click & collect, and parcel lockers at stations.
Individual client preferences is expected to be tracked and addressed, and advertisements will be customized for each consumer. By enabling dynamic trading and better asset value realization, digital passenger tracking increases the yield on advertising space. Railway organizations must grow more entrepreneurial and commercial if they are to succeed. The railroad industry will start to monetize consumer data and better utilize the fact that they have access to sizable "captive" audiences for long stretches of the day.
Space at the station and on board will be used more effectively, and various channels will be used to pursue targeted marketing. Their land-based assets will also be better utilized, for example, using sizable land bases to support the need for dispersed small cell sites when rolling out 5g, and digital twins of the asset base will make it possible to examine potential real estate development opportunities in greater detail.
The 25,000-seat Dubai Sports Stadium, the 250 km/h Shenzen High-Speed Rail, and the 8,500-acre Abu Dhabi International Airport are just a few examples. Although they are all substantial infrastructure projects, this isn't the only thing they have in common. Tyrone Padayachee has familiarity with these endeavors from his time as a civil engineer, and he is now utilizing this knowledge in his position as Principal Digital Engineer on the METRONET Morley-Ellenbrook Line Project.
The Brazil market dominated the LAMEA Digital Railway Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,765.7 million by 2028. The Argentina market is experiencing a CAGR of 12.6% during (2022 - 2028). Additionally, The UAE market is expected to display a CAGR of 11.7% during (2022 - 2028).
Based on Offering, the market is segmented into Solutions (Remote Monitoring, Network Management, Route Optimization And Scheduling, Predictive Maintenance, Analytics, Security, and Others) and Services (Professional Services and Managed Services). Based on Application, the market is segmented into Rail Operations Management, Asset Management, Passenger Information System, and Other. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, ABB Group, Fujitsu Limited, IBM Corporation, Cisco Systems, Inc., ALSTOM Holdings, Huawei Technologies Co. Ltd., Thales Group S.A., Hitachi, Ltd., and Wabtec Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Offering- Solutions
- Remote Monitoring
- Network Management
- Route Optimization And Scheduling
- Predictive Maintenance
- Analytics
- Security
- Others
- Services
- Professional Services
- Managed Services
- Rail Operations Management
- Asset Management
- Passenger Information System
- Other
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- ABB Group
- Fujitsu Limited
- IBM Corporation
- Cisco Systems, Inc.
- ALSTOM Holdings
- Huawei Technologies Co. Ltd.
- Thales Group S.A.
- Hitachi, Ltd.
- Wabtec Corporation
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Digital Railway Market by Offering
Chapter 5. LAMEA Digital Railway Market by Application
Chapter 6. LAMEA Digital Railway Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Siemens AG
- ABB Group
- Fujitsu Limited
- IBM Corporation
- Cisco Systems, Inc.
- ALSTOM Holdings
- Huawei Technologies Co. Ltd.
- Thales Group S.A.
- Hitachi, Ltd.
- Wabtec Corporation
Methodology
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