Smart Transportation Industry & Railway Management System Market to 2019 Forecasts in a New Research Report at

Share Article adds “Railway Management System Market Worldwide Market Forecasts and Analysis (2014-2019)” & “Smart Transportation Market Global Advancements, Forecasts and Analysis (2014-2019)” to its store. Railway Management System Market worth $35.99 Billion by 2019 & Smart Transportation Market worth $104.19 Billion by 2019.

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Railway Management System Market Worldwide Market Forecasts and Analysis (2014-2019)

The traffic complexities on the roadways are posing a major challenge in the field of ground transportation. While the rising aviation fuel costs have made air-travel an expensive affair, rail transportation could be a feasible ground transport solution to the infrastructure saturation in developed and developing economies. Rail transportation can provide a safer, more reliable, and cost-competitive option compared to road and air transportation.

The growing economy and demography have raised the demand for rail transportation. The major restraint faced by the limited infrastructure is the level of capacity tolerance for such growing demand. The recent trends in the global economy have a growing impact on the railway management practices. The main concern before the management is to make the railways sustainable and environmental friendly with the adoption of new-age innovations. As a result, every element in the value chain needs to undergo a revolutionary change and optimize the operations.

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The existing rail infrastructure has proved to be inadequate to cope with the rising traffic flow. This strongly affects the overall operational efficiency of the rail network. Thus the reliability and safety standards of the rail service face constraints. The current technological implementations have become less effective to manage the expected growth scale in the near future. Thus, with the help of new-age information technology (IT) and telecommunication advancements, the rail infrastructure is transforming to provide a more advanced transport solution.

The main long-term drivers of the rail transportation are linked to economic and demographic growth in the emerging markets. In mature markets, they are related to the renewal and up gradation of existing infrastructures, as well as increased environmental and sustainability awareness.

The future of railway industry is expected to rely on innovative management practices which would leverage the information and communication technologies (ICT) over the large rail networks and conventional practices. With the help of management software, the routing and scheduling of the rail traffic would become more efficient and an untangled affair. Traffic control management systems could resolve the congestion issues over the limited rail network size. An efficient traffic flow over the network could ensure minimum time delays and curb financial losses.

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Smart Transportation Market Global Advancements, Forecasts and Analysis (2014-2019)

The report on smart transportation report consists of the opportunity analysis of technology adoption across all solution and services market. The report focuses on estimating and forecasting the market potential of the major sub-segments of transportation, which are ticketing management, parking management & guidance, passenger information, integrated supervision, and traffic management. The report also covers the market potential for the services industry catering to smart transportation. These services include business services, professional services, and cloud services, covering new technologies such as business analytics and cloud computing. The report also focuses on technologies & standards and analyzes market drivers, restraints, trends and opportunities, along with a study on key players, and the competitive outlook.

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The smart transportation market is also segmented based on regions such as North America, Latin America, Western Europe, Commonwealth of Independent States (CIS) + Eastern Europe, Asia-Pacific (APAC), and Middle East and Africa (MEA). The market forecasts are provided for each region from 2014 to 2019. The Smart transportation market report profiles leading companies such as Accenture, Affiliated Computer Services Inc, Alstom SA, Cisco Systems Inc, Cubic, ESRI, GE Transportation, IBM, Indra, Ineo, Kapsch, LG CNS, Schneider Electric, Siemens, and Thales.

The market of Smart Transportation market in 2014 is estimated to be $45.05 billion. This market is expected to reach $104.19 billion by 2019, at a CAGR of 18.3% between 2014 and 2019.

The key playing fields are traffic management systems, and cloud services in the smart transportation market.

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There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate impact on this market. Therefore, dollar fluctuations are not expected to seriously affect the forecasts in the emerging Asia Pacific (APAC) regions.

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Priyank Tiwari
RnR Market Research
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