Smart railways market worth US$39.20 Billion by 2018

MarketsandMarkets’ report, "Smart Railways Market [Passenger Information Systems, Freight Information Systems, Rail Traffic Management, Operations Management, Security Monitoring, Communications, Ticketing, Rail Analytics]: Worldwide Market Forecasts and Analysis (2013 - 2018)", defines and segments the Smart Railways Market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints of this market with insights on trends, opportunities, and challe
December 5, 2013 Read time: 2 mins
6418 MarketsAndMarkets’ report, "Smart Railways Market [Passenger Information Systems, Freight Information Systems, Rail Traffic Management, Operations Management, Security Monitoring, Communications, Ticketing, Rail Analytics]: Worldwide Market Forecasts and Analysis (2013 - 2018)", defines and segments the Smart Railways Market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints of this market with insights on trends, opportunities, and challenges.

The report points out the acute challenges that lie ahead for the rail industry in terms of meeting forecast growth in demand, ensuring cost control and value for money, maintaining safety and security in the face of increased external pressures, achieving environmental sustainability targets, and meeting evolving customer expectations and needs. In order to answer all these challenges, railway transportation management companies need to shift their focus on building smart Railways infrastructure by developing and integrating Smart Railways solutions. smart railway infrastructure services and solutions are poised to catalyse the next phase of growth in the rail transportation industry. Smart Railway transportation can drive the transformation of rail networks from a basic means of transport to complex systems that are indispensable to society.

The report also outlines the key trends that will shape the evolution of the passenger and freight rail industry. The report is segmented into various smart tech rail solutions, applications, and devices and components. This smart Railways Market research report analyses global adoption trends, future growth potential, competitive outlook, rail transportation network, and best practices in this market.

The report analyses market sizes and revenue forecasts across different regions such as North America (NA), Europe (EU), Latin America (LA), Asia Pacific including Japan (APAC), and Middle East and Africa (MEA). It discusses the expected market size for the various software solutions and components involved in the rail infrastructure system. It highlights the revenue potential of the various professional services, integration services, and cloud services offered by railway solution vendors. It also provides opportunity analysis of various types of Smart Railway solutions such as passenger and freight information system, rail traffic management system, rail operations management system, advance security monitoring system, rail communication and networking systems, smart ticketing systems, and rail analytics systems.

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