The smart railways market is estimated to grow from USD 10.50 Billion in 2016 to USD 20.58 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.4% during the period 2016–2021. The base year considered for the study is 2015 and the market size forecast is from 2016 to 2021.

Objectives of the study:

  • To define, describe, and forecast the smart railways market on the basis of five regions, namely, North America, Europe, APAC, Middle East and Africa (MEA), and Latin America
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze each sub-segment with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the smart railways market
  • To strategically profile key players of the market and comprehensively analyze their core competencies in the market
  • To track and analyze competitive developments, such as new product launches, mergers & acquisitions, partnerships, agreements, and collaborations in the global smart railways market

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The research methodology used to estimate and forecast the smart railways market begins with capturing data on key vendor revenues and the market size of the individual segments through secondary sources such as industry associations, trade journals, IEEE, and the international journal of railway technology etc. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the individual technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnels, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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Key Players

The smart railways ecosystem include technology vendors such as Alstom SA (Saint-Quen, France), Cisco Systems, Inc. (San Jose, U.S.), General Electric (Connecticut, U.S.), ABB Ltd (Zurich, Switzerland), IBM Corporation (New York, U.S.), Hitachi Limited (Tokyo, Japan), Bombardier, Inc. (Quebec, Canada), Huawei Technologies Co. Ltd. (Shenzhen, China), Indra Sistemas SA (Alcobendas, Spain), Siemens AG (Munich, Germany), Alcatel-Lucent (Paris, France), and Ansaldo STS (Genoa, Italy), which provide numerous IT and non-IT components required for smart railways solutions and components deployment as well as assessment, consulting, system integration, and support services to smart railways platform.

Key Target Audience

  • Railway operations management solution vendors
  • Transportation technology solution providers
  • Rail infrastructure hardware and devices suppliers
  • Railway management support services providers
  • Railway management companies (private/public)
  • National railway governing authorities/regulators/bodies
  • Transportation research authorities
  • Government authorities related to railway infrastructure services
  • Network and systems integrators
  • Independent software vendors
  • Value-Added Resellers (VARs) and distributors

Scope of the Report

The research report categorizes the smart railways market to forecast the revenues and analyze the trends in each of the following subsegments:

By Solution

  • Passenger Information System
  • Multimedia information and entertainment solution
  • Network connectivity solutions
  • Freight Information System
  • Freight operation management solution
  • Freight tracking solution
  • Advance Security Monitoring Solution
  • Video analytics
  • Integrated security solution
  • Rail Communication System
  • Ground-to-train communication solution
  • Train-to-train communication solution
  • Smart Ticketing System
  • Rail Analytics System

By Component

  • Video Surveillance Cameras
  • Networking and Connectivity Devices
  • Multimedia Infotainment Displays

By Service

  • Professional Service
  • Consulting service
  • System integration and deployment
  • Support and maintenance
  • Managed Service

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, Publisher offers customization as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further country level breakdown of the North American market
  • Further country level breakdown of the European market
  • Further country level breakdown of the APAC market
  • Further country level breakdown of the MEA market
  • Further country level breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

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