Smart Railways Market – Global Opportunities and Forecast, 2020-2027
The GMI Research report provides an overall outlook of the
industry through a detailed market segmentation. The report offers thorough
information related to the overview and scope of the market, including the
market drivers, restraints, and emerging trends in the industry. This report is
especially designed to include both qualitative and quantitative aspects of the
industry in each region and country participating in the study.
Competitive Rivalry of the Smart Railways Market:
The leading players in the smart railways market include Alstom
SA, Cisco Systems, Inc., Wabtec Corporation, IBM Corporation, Siemens AG,
Hitachi, Ltd., ABB, Huawei Technologies Co., Ltd., Indra Company, Thales Group,
Honeywell International Inc., and Bombardier Inc., among others.
Drivers of the Smart Railways Market:
The significant factors surging
the growth of the global smart railways
market include growing advancement in technologies to enhance customer
experience, rising government initiatives regarding Public-Private Partnership
(PPP), and increasing adoption of advanced technologies such as the Internet of
Things (IoT) and automation technologies in railways to enhance optimization.
The growing budget allocation on railways by several economies governments to upgrade
and modernize railways to streamline management and improve traveler
satisfaction propels market growth. The increasing focus to connect urban
cities is raising the need for IoT-enabled solutions. Higher prominence on
reducing emissions of harmful gases further boosts the demand for smart
railways globally. The rising concern regarding passenger security to improve
safety measures and dynamic route scheduling is further expected to fuel market
growth. On the other hand, high deployment costs and the shortage of technology
infrastructure are hampering the growth of the market.
Based on the region, Europe is
expected to grow at a higher CAGR during the forecast period due to the growing
penetration of smart railways in European countries to enhance the efficiency
of their existing railway infrastructure. European countries such as Germany,
UK, and France have well-founded railway infrastructure and are using advance
smart railway solutions. Moreover, European countries having Social and trade
agreements which encourage cross-border trade large-scale, and passenger
traffic will further propel the market growth.
Market Segmentation:
The main objective of the study is to
define market sizes of the different market segments & countries during the
forecast period and analyze the values in the next six years. The detailed
segments and sub-segments of the market are explained below:
Breakup by Offering:
·
Solution
o
Passenger Information System
§
Multimedia Information and Entertainment
§
Network Connectivity
o
Freight Management System
§
Freight Operation Management
§
Freight Tracking
o
Security and Safety Solutions
§
Video Surveillance and Analytics
§
Intrusion Detection
§
Access Control
§
Fire Alarm and Voice Evacuation
§
Others
o
Rail Communication and Networking System
§
Asset Planning and Scheduling
§
Workforce Management and Optimization
§
Condition-Based Monitoring
§
Predictive Maintenance
§
Others
o
Smart Ticketing System
o
Rail Analytics System
o
Rail Asset Management and Maintenance
Solutions
o
Rail Operation and Control Solutions
·
Services
o
Professional Service
§
Consulting
§
System Integration and Deployment
§
Support and Maintenance
o
Managed Services
Breakup by Type:
·
Station Type
·
On-Board Trains
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is a market research
and consulting firm which provides bespoke industry & market research to
help businesses in making the toughest business decision. We know the
significance of accurate data; that’s why our analyst use tailored methodology to
study every market in detail because one size doesn’t fit all. We not only
cover the traditional well-established market but also focuses on niche market
and markets in the emerging economies, where getting data and information is a
challenge. This factor makes us pioneer in emerging market research space. Our
syndicate reports cover multiple industries across various regions and
countries.
Our in-depth market reports help
propel your business with all the data, strategic inputs, and competitive
intelligence to move ahead even in the most uncertain times. Featured in the ‘Top
20 Most Promising Market Research Consultants’ list of Silicon India
Magazine in 2018, we at GMI Research look forward to help businesses stay ahead
of the curve.
Contact
Us
Company Name: GMI RESEARCH
Email: enquiry@gmiresearch.com
Phone: +353 1 442 8820
Address:Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate
City: Dublin
State: Dublin
Country: Ireland
Website: https://www.gmiresearch.com/
Comments