Zion Market Research Global Smart Railways Market, 2016–2024 | Seite 3

Smart Railways Market
Global Smart Railways Market: Growth Factors
Utilization of advanced vehicle control system, advanced PIS, and different other
systems that offer data associated with the real-time position of a vehicle is the crucial
factor that is propelling the development of the global market. In addition to this,
technological advancements are escalating the growth of the global market.
Furthermore, improved logistics is also fueling the global smart railways market growth.
In addition to this, rising growth of PIS solution is also escalating the growth of the
global market. Further, rising demand from the industry is also fueling the global smart
railways market growth.
Global Smart Railways Market: Segmentation
On the basis of the solution, the global smart railways market is mainly classified as the
smart ticketing system, passenger information system, rail analytics system, advance
security monitoring solution, freight information system, rail communication system,
and others.
Further, based on passenger information system, the global market is bifurcated into
network connectivity solutions and multimedia information and entertainment solution.