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.

For more information on companies in this article

Related Content

  • Transportation 2.0: Detroit shows way forward
    May 25, 2018
    OEMs, suppliers, and technology firms are in a race to modernise our current transportation systems. These changes will bring about adaptations in how people fundamentally interact with transportation and how they provide and receive goods and services. What new business models will emerge from these changes? What challenges? Will modalities be combined? These are the overarching questions that are vital to prepare markets, governments, and researchers for the future. Delegates at the ITS America Annual Me
    Read More
  • Passive RFID grows by 1.12 billion tags in 2014 to 6.9 billion
    October 31, 2014
    More than five years later than the industry had expected, market research and events firm IDTechEx find that the passive RFID tag market is now seeing tremendous volume growth. Market research and events firm IDTechEx find that the passive RFID tag market is now seeing tremendous volume growth - more than five years later than the industry had expected. Most of the growth is based on retailer adoption of UHF RFID for shelf-level stock replenishment, with the latest example being fashion retailer Zara r
    Read More
  • Asia Pacific expected to lead EV charging station market by 2022
    April 1, 2016
    According to Markets and Markets’ latest market research report, the electric vehicle (EV) charging station market is estimated to reach US$12.61 Billion by 2022, at a CAGR of 29.8 per cent between 2016 and 2022. Factors which are driving the electric vehicle charging stations market include government subsidies and incentives, increasing use of EVs, and the growing need to reduce carbon emissions. The US Environmental Protection Agency (EPA) categorises battery electric vehicles (BEVs) as zero-emissi
    Read More
  • Indian vehicle tracking market set to double in size by 2017
    June 19, 2013
    A newly updated report by industry analysts TRN, Indian Vehicle Tracking and Fleet Management Market, 2013-17, investigates opportunities in the vehicle tracking and fleet management sector in light of economic and policy development in India in late 2012 and the first half of 2013. Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the spring 2013 budget are all covered in the new edition, and are used to inform scenari
    Read More

Highlighted Content