Smart Railways Market expected to reach $ 13.77 Billion by 2020 Smart Railways Market
12/10/2016
Smart Railways Market Worth USD 13.77 Billion by 2020 /PR Newswire India/
PUNE, India, November 25, 2015 /PRNewswire/
According to a new market research report, "Smart Railways Market by Solutions (Passenger &
Freight Information System, Security & Monitoring System, Rail Communication & Networking
System, Smart Ticketing, Rail Analytics), by Services & by Regions Global Forecast to 2020",
published by MarketsandMarkets, is estimated to grow from USD 5.34 Billion in 2015 to USD 13.77
Billion by 2020, at a CAGR of 20.8% from 2015 to 2020.
Browse 76 market data tables and 47 figures spread through 156 pages and indepth TOC on
"Smart Railways Market Global Forecast to 2020"
http://www.marketsandmarkets.com/MarketReports/smartrailwaysmarket960.html
Early buyers will receive 10% customization on this report.
The smart railways concept outlines the combination of advanced solutions and services of intelligent
transportation with the information and communication technology. It facilitates the smart use of rail
assets, from tracks to trains which will enable companies to meet the increasing consumer demand
for more efficient and safer services. In the coming years, the Smart Railways Market is expected to
gain traction with the increasing trends of government regulations, innovations in information
technologies, and hyperurbanization.
Emergence of advanced solutions and services will play a key role in theSmart Railways
Market
The macroeconomics environment in the past few years has emphasized high level competition in
the Smart Railways Market. Technology vendors are adopting and developing solutions to improve
transportation services in the areas of operational efficiency, safety and security, and passenger
satisfaction and retention. Some of the emerging technologies, which are likely to be adopted and
implemented to transform rail transportation into smarter rail transportation, include passenger
predictive analytics, freight predictive analytics, breakdown failure predictive analytics, cloud
infrastructure, and passenger infotainment solutions among others. Technologies such as
Communications Based Train Control (CBTC), Positive Train Control (PTC), smart ticketing and
Global System for Mobile Communications Railway (GSMR) will replace age old technologies in
rail infrastructure to improve operation efficiency and safety and passenger comfort.
Europe is expected to hold maximum market share of theSmart Railways Marketduring the
forecast period
The Smart Railways Market in Europe is expected to contribute largest market share, followed by
North America. On the other hand, developing regions such as AsiaPacific (APAC) and Middle East
and Africa (MEA) are expected to experience a significant growth in the coming years owing to
increasing smart cities projects. However, APAC is expected to grow at the highest CAGR from 2015
to 2020. The major vendors in the Smart Railways Market include Alstom SA, Cisco Systems Inc.,
General Electric Company, Hitachi, Ltd. IBM, ABB Ltd., Bombardier, Inc., Huawei Technologies Co.
Ltd., Indra Sistemas, S.A., and Siemens AG.
Request Free Sample Pages @http://www.marketsandmarkets.com/pdfdownload.asp?id=960
The scope of the report covers detailed information regarding the major factors influencing the growth
of the Smart Railways Market such as drivers, restraints, challenges, and opportunities. A detailed
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