The smart railways offer new generation solutions, services and modern transportation with the help of information and communication technology. Advancements in networking, artificial intelligence, and big data analytics have set the pace for the market growth of smart railways. The Cisco Systems, Inc., General Electric, ABB Ltd., IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Siemens AG, and others, are the leading providers of smart railway solutions. To meet the increasing consumer demand for efficient and safer services, the smart railways offer advanced and reliable service to the passengers. The global infrastructure saturation, expanding economy, and increasing global demographics are also propelling the demand for the smart railway markets.
The smart railways offer improved on-time performance and high quality of onboard amenities. The increasing adoption of the internet of things enables improved communications and control pertaining to railway systems. Furthermore, the incorporation of advanced analytics and machine learning in smart railways are propelling the market growth. The technologies support connected devices that can interact with smart sensors to provide safety solutions for the railway. Huawei Technologies Co., Ltd. is one of the prominent providers of smart rail solutions including Digital Railway, Digital Urban Railway, and Intelligent Transport Systems. Recently, Huawei has invested in cloud computing, Big Data, and other ICT technologies which are used for automated rides providing high security, energy efficiency, and best-in-class services in the urban rail industry.
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Major Key Players
Cisco Systems, Inc. (U.S.),
International Business Machines Corporation (U.S.),
Hitachi Limited (Japan),
Bombardier, Inc. (Canada),
Huawei Technologies Co. Ltd. (China),
Indra Sistemas S.A. (Spain),
Alstom SA (France),
ABB Ltd (Switzerland),
Siemens AG (Germany), Alcatel-Lucent (France) among others
According to Market Research Future, 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
By region, the global smart railways market demand is gaining momentum across various geographical regions including North America, Europe, Asia Pacific, among others. The European region is leading due to increasing adoption of the internet of things which enables improved communications and control pertaining to railway systems. Furthermore, the integration of advanced analytics and machine learning in smart railway systems are propelling the market growth.
For analysis, the global smart railways market is segmented on the basis of the type, component, solution, services, and region. The market by type is further sub-segmented into station and onboard. The component is sub-segmented into multimedia infotainment displays, video surveillance cameras, and networking & connectivity devices. The solutions are segmented into advanced security monitoring systems, passenger information systems, rail communication & networking systems, freight information systems, rail analytics systems, smart ticketing systems. The services are segmented into system integration & deployment, consulting services, and support & maintenance. The market is covered across regions including North America, Europe, Asia Pacific, and Rest of the World.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Research/Consultancy Firms
- Original Equipment Manufacturers
- Smart Railways Manufacturers
- Government Organizations
- Technology Providers
- Financial Investors
- Telecom Operators
- Automobile Manufacturers
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