Research
Nester released a report titled “Smart
Railways Market: Global Demand Analysis & Opportunity Outlook 2027” which
delivers detailed overview of the global smart
railways market in terms of market segmentation by solution, by
device and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
Smart
railways incorporate various IoT technologies and new generation services in
order to give rise to efficient forms of transportation. The market for smart
railways is anticipated to grow by a CAGR of 14.7% during the forecast period,
i.e., 2019-2027. It is projected to reach a market value of USD 48,778.1
Million by 2027. The market is segmented by solution, by device and by region,
out of which, the solution segment is further segmented into passenger
information system, freight information system, rail traffic management system,
advance security monitoring system, rail communication and networking system,
smart ticketing system, rail analytics system and others. Based on these, the
rail communication and networking system segment is estimated to witness
notable growth in the upcoming years as a result of rising demand for modern
solutions for the railway industry along with Ethernet based infrastructure.
The
market in Europe is predicted to hold the largest share in the market on
account of growing investments on smart railway projects by the government.
Additionally, the rising adoption of Internet of Things in the region further
result in the growth of the smart railways market. On the other hand, the
market in Asia Pacific region is anticipated to grow at the highest rate during
the forecast period as a result of rising advancements, mainly in countries
such as China.
Click to Download Sample Report: https://www.researchnester.com/sample-request-2077
Expanding Usage of Internet of Things to
Support the Market Growth
The
global smart railways market is estimated to be driven by the growing use of
Internet of Things in the industry. The rising demand for improved measures to
ensure passenger safety and dynamic route scheduling are some factors
responsible for the projected market growth. Further, the various solutions and
services such as systematic monitoring of the railways, regular train
maintenance and detection of speed, temperature and location and other such
parameters that are made possible with the introduction of smart railways add
to the factors estimated to propel the market growth. However, the lack of
information and communications technology infrastructure along with dearth of
skilled labor in developing countries and absence of proper railway
infrastructure in underdeveloped countries is estimated to hamper the growth of
smart railways market.
This
report also provides the existing competitive scenario of some of the
key players of the global smart
railways market which includes
company profiling of Hitachi LTD. (TYO: 6501), Alstom
SA (ALO), GE Transportation, Siemens AG (SIE), Capgemini SE (CAP), IBM
Corporation (IBM), Huawei Technologies Co. Ltd., Bombardier, Inc., Cyient Ltd.
(CYIENT), Thales Group (HO), Cisco Systems Inc. (CSCO) and Indra Sistemas, S.a.
(IDR). The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments.
Request for a sample of this research report @ https://www.researchnester.com/sample-request-2077
On the
whole, the report depicts detailed overview of the global smart railways
market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
About Research
Nester
Research
Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market
research and consulting with an unbiased and unparalleled approach towards
helping global industrial players, conglomerates and executives for their
future investment while avoiding forthcoming uncertainties. With an
out-of-the-box mindset to produce statistical and analytical market research
reports, we provide strategic consulting so that our clients can make wise
business decisions with clarity while strategizing and planning for their
forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds.
Contact for more
Info:
AJ
Daniel
Email: sales@researchnester.com
U.S.
Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
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