Market Research Update Global Smart Railways Systems Market 2016-2020

Smart Railways Systems Market by Application, Revenue, Trends and Forecast To 2020
Traffic congestion on roadways and airways has increased the demand for railway transport. It is more feasible and
convenient for passengers to travel by train than any other mode of transportation as it can provide faster services
at a reasonable price. Moreover, railways are considered as a faster and safer option compared with roadways.
The increase in demand for railway transport has made it mandatory for railway operators to make their systems
more advanced and automated. A smart railway system comprises solutions, devices and components, and
services that automate and optimize the use of railway infrastructure to carry out advanced functions.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
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2016-2020
Key vendors:
- Alstom
- Bombardier
- Cisco System
- General Electric
- Hitachi
- IBM
Other prominent vendors:
- Huawei Technologies
- Indra Sistemas
- Siemens
- Alcatel-Lucent
- Ansaldo STS
- ABB Group
- CGI Group
- Computer Sciences
- ZTE
- DB International
- Kapsch CarrierCom
- Larsen & Toubro
- MRX Technologies
- Rad Data Communications
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Market Driver:
- Changing travel demands of people
- For a full, detailed list, view our report
Market Challenge:
- Limited capacity constraint
- For a full, detailed list, view our report