Smart Railways Market to grow 20.58 Billion USD by 2021

Posted November 5, 2019 by dheerajpawar7359

[161 Pages Report] Smart railways market size, analysis, trends, & forecasts. The global market for Smart railways categorized by solution, service, Component, & by region.

According to a new market research 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.
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”
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.
Request PDF Brochure @
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).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
Visit Our Website:
Content Source:
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By dheerajpawar
Phone 8886006441
Business Address 630 Dundee Road Suite 430
Country United States
Categories Research , Technology , Transportation
Tags advanced security monitoring , freight information , passenger information , rail analytics , rail communication , smart railways market
Last Updated November 5, 2019