The adoption of innovative technologies is gaining traction in smart railway market. The government is adopting advanced technologies for smart and efficient transportation. From smart design of the railway stations to ticketless travel, incorporation of smart technologies and massive solutions is transforming the travelling experience.
The key trend in shaping and transforming the smart railway market include integrated ticketing, big data, internet of things and government support for smart railways. The adoption of IoT has major impact on the transportation system with the advent of innovation in autonomous vehicles and cargo management. The smart railways has many advantages which would increase the overall efficiency, productivity and security of passengers.
The global smart railways market is expected to grow at approximately USD 17 Billion by 2022, at a CAGR of approx. 12% between 2016 and 2022.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Railways Market Research Report -Forecast to 2022”.
Major Key Players:
- Alstom SA (France)
- Cisco Systems, Inc. (U.S.)
- ABB Ltd (Switzerland),
- International Business Machines Corporation (U.S.)
- Hitachi Limited (Japan)
- Bombardier, Inc. (Canada)
- Huawei Technologies Co. Ltd. (China)
- Indra Sistemas S.A. (Spain)
- Siemens AG (Germany)
- Alcatel-Lucent (France)
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The smart railways market has been segmented on the basis of type of solution, component and service. On basis of service the market is segmented into, professional service, integration & deployment service, managed service. The integration and deployment service include major benefits which are driving the smart railways market processed efficiency across organizations, dramatically improved visibility,significant it time and cost savings,accelerated growth and user-driven innovation.
The regional analysis of smart railways market is being studied for region such as Asia-Pacific, North America, Europe and Rest of the World. The Asia-Pacific region is leading in the smart railways market followed by North-America and Europe. In Asia-Pacific countries like India and China are making huge investment because of the explosive growth of population and increasing strain on the existing transport infrastructure, proper management and efficient transportation of goods and manpower.
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Market Research Analysis:
Market Research Future Analysis shows that new adoptions of smart technologies and digitized infrastructure is driving the smart railways market. Regional analysis for Smart Railways market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of World. Asia-Pacific region is estimated to be the leader in smart railways market followed by North America and Europe.
The Europe region is leading because of the large investment by the government in rail automation which provides real time information of passengers and information transfer and sharing between related businesses which provides better and efficient travel experience.
Smart Railways Market by Solution:
- Passenger Information System
- Freight Information System
- Advance Security Monitoring Solution
- Rail Communication System
- Smart Ticketing System
Smart Railway Market by Components:
- Video Surveillance Cameras
- Networking And Connectivity Devices
- Multimedia Infotainment Displays
- Rail Sensors
- Vehicle Stability Control (VSC)
- Smart Card
Smart Railways Market by Service:
- Professional Service
- Integration & Deployment Service
- Managed Service
- Research/Consultancy Firms
- Original Equipment Manufacturers
- Smart Railways Manufacturers
- Government Organizations
- Technology Providers
- Financial Investors
- Telecom Operators
- Automobile Manufacturers
Table of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Global Smart Railways Market, By Solution
Table 2 Global Smart Railways Market, By Components
Table 3 Global Smart Railways Market, By Service
List of Figures
Figure 1 Research Network Solution
Figure 2 Global Smart Railways: By Solution (%)
Figure 3 Global Smart Railways: By Components (%)
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