The global intelligent railways transportation management systems market is likely to advance with a CAGR of 10.95% in the forecast period from 2023 to 2030.

1. On a Growth Track: Intelligent Railways TMS
Market
Smart transportation and smart city traffic management have revolutionized the approach toward urban
mobility. Compared to other transportation modes, railways are the largely preferred choice for mass
transit. Moreover, rail transport also plays a vital role in the conveyance of freight over long distances
because of lower costs. The global intelligent railways transportation management systems market is
thus anticipated to grow due to the need for effectively planning, conducting, and optimizing these
processes.
According to Triton Market Research’s experts, the market is likely to advance with a CAGR of 10.95% in
the forecast period from 2023 to 2030. Rising population and hyper-urbanization are key factors driving
the market. For instance, various schemes are being implemented in India, for the development of local
trains, mono railways, metro railways, and even hyper-loops across major cities to ensure seamless
transit. This is expected to favor the adoption of “smart solutions” for transport management.
Key Trends Propelling the Intelligent Railways Transportation Management Systems (IRTMS) Market:
● Development of Smart Infrastructure
The rising population, rapid urbanization, and increased movement call for the remodeling of urban
infrastructure and transport networks. In the last three decades, the average commute distance in

2. France has increased by a whopping 63%. The surging demand for efficient movement has led to the
development of the Grand Paris Express rapid transit system.
The envisioned project involves the construction of an automated metro system, with 4 additional lines,
expansion of 2 lines, and 68 new interconnected stations, with an aim to serve 2 million passengers
every day. Automation is a key trend driving software development in the passenger transit and freight
spaces, and railway transportation management systems are rapidly adopting this approach.
Thus, infrastructural developments and penetration of digital solutions in the railway sector are driving
the Europe railways transportation management systems market. It is the leading region globally,
accounting for the highest revenue of $14983.16 million in 2022.
● Tech Integration of Rail Services with Other Transport Modes
The rapid growth of digital technologies has spurred innovation across industrial operations, and is
expected to enhance passengers’ experience, which is a top priority for the railway sector. The way they
plan their commute and leisure travel has been transformed by the use of smartphones and the
internet.
Passengers look for comfort, speed, convenience, reliability, safety, and personalized experience before
opting for the rail transit mode. This has increased the demand for real-time information and seamless
connectivity with other transport modes, and a more interconnected travel experience.
As a result, major vendors are working on the technical integration of rail services with other transport
modes, which is expected to largely benefit the global intelligent roadways transportation management
systems market.
● Evolution of E-Commerce
The growing smartphone and internet penetration has led to an increase in online shopping, and many
businesses are thus promoting the e-commerce model. Due to the e-commerce boom, transportation of
goods has skyrocketed in recent years and is expected to observe continued demand in the long term as
well.
In view of this, vendors are increasingly investing in improving and optimizing their logistics and order
fulfillment capabilities. For instance, in 2022, Amazon spent $83.5 billion in shipping costs and $84.3
billion in fulfillment costs. The growing investments by freight transportation enterprises to optimize
their key operations and manage all business requirements are expected to augment the demand for
intelligent railways TMS.
Founded by a logistics sector innovator, Kuebix LLC offers a modular, intuitive, and scalable TMS
platform that supports all transportation modes. Called Freight Intelligence™, this offering by the
leading market player enables end-users to capitalize on supply chain opportunities with the aid of
predictive analytics.
● Introduction of New Technologies for Railway Transport Management
Several advanced technologies, such as sensing systems and video vehicle detection systems, are being
integrated into intelligent transportation management systems. Wireless sensor networks are deployed
in IRTM systems for gathering data. With large accumulated data sets and advanced analytics tools,

3. sensors help railway networks identify key data trends and use this information to improve operations &
safety.
Sensors is expected to observe the fastest growth rate in the hardware segment, with a CAGR of 11.65%
during 2023-2030. Hardware is an essential component of intelligent railway TMS, along with software
and service.
The development of smart sensors, along with other advanced technologies, such as radio frequency
identification (RFID) and the Internet of Things (IoT), is helping enhance the functional capabilities of
IRTM systems. The impact of IoT in railway traffic management is anticipated to be enormous, as cities
and municipalities worldwide incorporate wireless technology. It enhances the reliability of cellular
networks, which is now at par with that of traditional wired networks, thereby opening up possibilities
that did not exist until a few years ago.
IRTMS Market – Journey Toward a Sustainable Future
Increased investments by the railway sector to leverage IoT technology will help in not only optimizing
operations, but also enhancing energy efficiency, reducing environmental impact, and encouraging
sustainability-oriented decisions, thereby boosting the circular economy. IoT adoption helps meet
sustainable development goals of improved management, reduced energy consumption,
decarbonization, and more effective utilization of the available assets.
The EU Green Deal framework published in July 2021 calls for a shift to railways with a sustainable and
smart mobility strategy. Also, emphasizing its green economy priorities, Chile’s second-largest metro
system in Santiago is committed to cater to its systems requirements by obtaining 60% of energy from
solar and wind projects. Such efforts to promote responsible, safe, smart, scalable, and sustainable
urban mobility solutions will change the game for the intelligent railways transportation management
systems market.
FAQs:
Q 1) Which are the key applications of IRTMS?
Automated ticketing, passenger information management, automated traffic control, and other
applications.
Q 2) What is a major challenge faced by the IRTMS market?
The high deployment costs of IRTM systems are a major challenge in the path of market growth.