13 Aug
2021
Innovation and intelligent software have dominated every sector across the globe. Train management systems have now become essential considering the growing population and increasing need for mobility. Digitization is at the foundation of novel systems and companies either aim to improve the existing train management systems or launch a new, advanced software altogether.
According to Allied Market Research, the global train control management systems market is expected to reach $5.09 billion by 2027, growing at a CAGR of 8.7% from 2020 to 2027. The rise in allocation of budget for the development of railways and improvement in railway infrastructure in developing countries drive the growth of the market.
Benefits of train control management systems:
Launch of novel train control management systems:
The increase in demand for autonomous cars, trucks, and trains has boosted the demand for advanced train control management systems. Moreover, governments of several countries have increased investments in developing infrastructure suitable for train control management software. For instance, QuEST Global, a Singapore-based engineering and lifecycle services company has launched train control & management system lab in Hyderabad, India. Along with offering engineering solutions to the railway industry, the company is expected to the Canadian train manufacturer to enable verification and validation of train control management system software.
With the widespread implementation of computer, control, and communication technologies, train management has become easier with every innovation. The public railways have become more and more friendly and ergonomic. Communication-based train management systems have increased track capacity and enhanced operational efficiency while improving the safety of the passengers.
Railways are not limited to public transportation. It is instrumental component of freight supply chain and the recent Covid-19 pandemic has showed how much the business across the globe are utterly dependent on the railway industry. The deployment of autonomous train control and management systems would mark a leap forward in supply chain management.
In the future, the world would demand greener, smarter mobility systems, which is bound to affect the traditional railway industry. The adoption of smart and autonomous systems would not only help the industry to adapt to the upcoming revolutions but also improve perception toward public transportation.
Koyel Ghosh
Author’s Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.
How are Submarine Cables Transforming Global Connectivity with Enhanced User Experience?
How Integrating Advanced AC Electric Motors Does Optimize Equipment Potential?
How FMCG Companies Boost Brand Value through Innovative and Sustainable Household Cleaners
How Are Retirement Home Services Meeting the Needs of Aging Population Worldwide?
BB Creams: A Modern Fusion of Advanced Skincare and Facial Makeup
How Are Innovations in Home Care Products Revolutionizing Home Hygiene?
Building a Sustainable Future: The Path toward Clean Energy Infrastructure
Advances in Next-Generation Battery Technologies Revolutionizing Energy Storage