Global Smart-Railways Market Outlook 2021

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Global Smart-Railways Market Outlook 2021
Published on 01 June, 2016 Number of pages
185 Single User Price 3400
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With growing technological advancement and
digitalization all over the world, the existing
traditional rail network is also believed to see
massive transformations over next 7-10 years. The
transformation of existing rail network would
support manufacturing of smart devices and
solutions such as advanced security systems,
networking and connecting systems, rail operating
and management systems, etc. Regionally,
Western Europe dominates the global smart
railways market followed by North America. The
U.K. and Hungary are two smart railway markets in
Western Europe that are anticipated to witness
the highest compound annual growth rate (CAGR) of
20.0 over the forecast period i.e. 2015-2021.
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The global smart railways market is envisioned to
bolster to reach new heights. The main reason
behind this massive growth in the market can be
attributed to increasing population, growth in
urbanization, increasing safety and security
concerns among passengers, providing fast,
efficient hassle-free services, formulation of
mandatory government regulations for
implementation of smart features in railway
sector and innovation in rail technology all over
the world. However, high security and
maintenance cost requirement in smart railways
coupled with security threats related to smart
rail devices is expected to dampen the growth of
global smart rail market in future.
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Global smart railways devices market is further
segmented into rail sensors, video surveillance
camera, smart cards, networking and connecting
devices and others. Among these, smart cards and
video surveillance camera market are anticipated
to behold the highest CAGR growth rate over next
5-6 years. Further, smart railways service
segment is divided into integrated, cloud and
professional services. Latter is envisioned to
grow at the highest CAGR over the forecast
period. Based on the solutions, the global smart
railways market is segmented into passenger
information system (PIS), rail traffic management
system (RTMS), advanced security management
system (ASMS), smart ticketing, rail operations
and management systems, rail communication and
networking systems and others. Out of all the
solutions provided, the passenger information
system or the PIS market is anticipated to
witness the highest CAGR growth rate during the
period of 2015-2021.
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Key questions answered in this report  What
will the market size be in 2020 and what will the
growth rate be? What are the key market
trends? What is driving this market? What are
the challenges to market growth? Who are the
key vendors in this market space? What are the
market opportunities and threats faced by the key
vendors? What are the strengths and weaknesses
of the key vendors? You can request one free
hour of our analysts time when you purchase this
market report. Details are provided within the
report.
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Global Smart-Railways Market Outlook 2021
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the Global Smart-Railways Market Outlook 2021 and
future opportunities are provided in the report.
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Smart-Railways Market Outlook 2021