The report “Smart Railways Market by Solution (Passenger Information, Freight Information, Rail Communication, Advanced Security Monitoring, Rail Analytics), Component, Service (Professional, Managed), and Region – Global Forecast to 2021″, The smart railways market size is expected to grow from USD 10.50 Billion in 2016 to USD 20.58 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.4% during the period 2016–2021. The major drivers for upsurge in demand for smart railways solutions, components, and services include increasing demand for improved services in railways, emerging trend of smart cities, increasing government initiatives, and emergence of IoT.
[161 Pages Report] The smart railways market is estimated to grow from USD 10.50 billion in 2016 to USD 20.58 million by 2021, at a Compound Annual Growth Rate (CAGR) of 14.4% during the period 2016–2021. The base year considered for the study is 2015 and the market size forecast is from 2016 to 2021.
The research report categorizes the smart railways market to forecast the revenues and analyze the trends in each of the following subsegments:
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What strategies are the vendors adopting to increase their hold over the market?
- Passenger Information System
- Multimedia information and entertainment solution
- Network connectivity solutions
- Freight Information System
- Freight operation management solution
- Freight tracking solution
- Advance Security Monitoring Solution
- Video analytics
- Integrated security solution
- Rail Communication System
- Ground-to-train communication solution
- Train-to-train communication solution
- Smart Ticketing System
- Rail Analytics System
- Video Surveillance Cameras
- Networking and Connectivity Devices
- Multimedia Infotainment Displays
- Professional Service
- Consulting service
- System integration and deployment
- Support and maintenance
- Managed Service
- North America
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:
- Further country level breakdown of the North American smart railways market
- Further country level breakdown of the European smart railways market
- Further country level breakdown of the APAC smart railways market
- Further country level breakdown of the MEA smart railways market
- Further country level breakdown of the Latin American smart railways market
- Detailed analysis and profiling of additional market players
Critical questions which the report answers
- Which region holds the maximum growth opportunity for smart railways market?
- Which are the key players in the market and how intense is the competition?
The smart railways market size is estimated to grow from USD 10.50 billion in 2016 and to USD 20.58 billion by 2021, at a CAGR of 14.4% from 2016 to 2021. Some of the major factors that are driving the growth of the smart railways market include the demographic growth & hyper-urbanization, demand for improved service quality, telecom-based technological growth, and emergence of IoT technology.
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Passenger Information System (PIS) is likely to hold the largest market share in the smart railways market.
The intelligent solutions such as advanced PIS, advanced vehicle control system, and various other systems provide information regarding the real-time position of a vehicle. The well-grained information serves as input data for refined production schedules, and improved logistics. The growth of PIS solution is also attributed to the increasing globalization and need for advanced transportation infrastructure.
Rail analytics system is expected to grow at the highest CAGR during the forecast period
The market for rail analytics would witness a major growth owing to the rise of demographic growth and hyper-urbanization. In addition to that, the cloud-based services, analytics, and mobile internet technologies demand are increasing due to their efficient IT management and reliable security environment.
Europe is expected to hold the largest market share in the smart railways market
As per the geographic analysis, Europe is likely to benefit from its technological advancements and followed by high usage of big data analytics, predictive and sensor analytics across all the railways industry. The planned investment to improve urban transport and traffic infrastructures in France and the U.K. is expected to drive the European railway transportation market.
The major vendors covered in the smart railways market for this study include Alstom SA (Saint-Quen, France), Cisco Systems, inc. (San Jose, U.S.), General Electric (Connecticut, U.S.), ABB Ltd (Zurich, Switzerland), IBM Corporation (New York, U.S.), Hitachi Limited (Tokyo, Japan), Bombardier, Inc. (Quebec, Canada), Huawei Technologies Co. Ltd. (Shenzhen, China), Indra Sistemas SA (Alcobendas, Spain), Siemens AG (Munich, Germany), Alcatel-Lucent (Paris, France) and Ansaldo STS (Genoa, Italy).
Browse 83 market data tables and 53 figures spread through 161 pages and in-depth TOC on “Smart Railways Market by Solution (Passenger Information, Freight Information, Rail Communication, Advanced Security Monitoring, Rail Analytics), Component, Service (Professional, Managed), and Region – Global Forecast to 2021”
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