(PRWEB) August 09, 2014
The 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 subsegments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints of this market with insights on trends, opportunities, and challenges.
Browse 105 market data tables with 33 figures spread through 225 pages and in-depth TOC on “Smart Railways Market”
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The high growth rate in the overall rail spending worldwide, with major boom from regional economies such as Asia Pacific including Japan (APAC), Europe (EU), and Middle East and Africa (MEA) and the large number of ongoing and upcoming smart rail transportation projects worldwide are expected to create room for the smart rail systems. The global smart railways market is estimated to grow $39.20 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period.
Acute challenges 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 catalyze 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.
This MarketsandMarkets report 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 research report analyzes global adoption trends, future growth potential, competitive outlook, rail transportation ecosystem, and best practices in this market.
This report speaks about the expected market size for the various software solutions and components involved in the rail infrastructure system. It also highlights the revenue potential of the various professional services, integration services, and cloud services offered by railway solution vendors. The report consists of the 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 system, smart ticketing system, and rail analytics system. The report analyzes 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).
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