Global Smart Railways Market Research Report – Forecast to 2024 REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Introduction The factors driving smart railways market include increasing demand for cloud-based services, growing rate of hyper-urbanization, adoption of the Internet of Things are encouraging the demand of smart railways and influencing the market growth. Smart railways offer new generation solutions, services and modern transportation with the help of information and communication technology. Advancements in networking, artificial intelligence, and big data analytics have set the pace for the market growth of smart railways. Cisco Systems, Inc., General Electric, ABB Ltd., IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Siemens AG, are some of the leading providers of smart railways solution. To meet the increasing consumer demand for efficient and safer commute, the smart railways offers advanced and reliable service to the passengers. The global infrastructure development, expanding economy, and increasing global demographics are also propelling the demand for the smart railway. The smart railways provide improved operational efficiency, passenger experience and a high return on investments. In smart railways market, the type is segmented into stations type and by onboard (in rail) type. At station, the smart railway offers better passenger amenities and IT infrastructure to enhance the traveling experience of the customers. The smart railway is likely to gain huge demand in the forthcoming years due to increasing adoption of the latest technology and cloud service. The increasing demand for cloud-based services is propelling the growth of smart railways market. The smart railways are integrated with sensors and computing resources. With the adoption of technologies including virtualization, cognitive computing, analytical and predictive modeling, and others, the market has grown to a great extent. Cognitive computing along with machine learning algorithms are used for intelligent asset management in railway industry. On Sep 13, 2016, Herzog Technologies, a leader in the railroad signal and communications industry, entered into a partnership with Red Hat to provide cost-effective, open source, and cloud-based positive train control (PTC) technology services in order to deliver a more efficient performance. The global smart railways market was valued at USD 11.56 billion in the year 2017, which is expected to reach USD 27.31 billion by the end of the forecast period growing at ~13.38% CAGR. Key Players The key players of smart railways market include Alstom SA, Cisco Systems, Inc., General Electric, IBM Corporation, Hitachi Limited, Huawei Technologies Co. Ltd., Siemens AG, Bombardier, Inc., Indra Sistemas SA and Teleste. Global Smart Railways Market Analysis & Forecast, from 2017 to 2024 To provide detailed analysis of the market structure along with forecast for the next ten years of the various segments and sub-segments included in global smart railways market with analysis of its development and demand in the market Upcoming technologies, high growth geographies, and countries were identified Regional and country-specific demand and forecast for smart railways were studied Key segments covered in the report are component, services, solution, and application. Unit breakdown for all different classification was finalized and the same was referred for forecasting, keeping few assumptions into factor For all the regions, forecast demand for all applications was identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size Historical trend is identified to forecast and estimate the future value data Target Audience Smart railways companies Smart railways providers Computer graphics developers System integrators and third-party vendors Government bodies Technology investors Research institutes and organizations Market research and consulting firms End-users/enterprise-users Key Findings The global smart railways market is expected to reach USD 27.31 billion by 2024. By component, video surveillance cameras in smart railways account for the largest market share and are growing with approximately ~12.76% CAGR during the forecast period. By type, stations sub-segment holds the largest market growing with approximately 12.95% CAGR by the end of the forecast period. Geographically, Europe region has been projected to have the largest market share in global smart railways market followed by North America, while Asia-Pacific region has been projected to show positive growth in smart railways market. Regional and Country Analysis of Smart Railways Market Estimation and Forecast The global smart railways market is expected to grow at a promising rate during the forecast period, 2016-2022. Europe is experiencing a huge demand due to the Internet of Things technology, faster economic growth, and huge investments in smart railways projects by the government. While in the North American region, the increasing penetration of cloud services and IoT platforms are poised to attract the market for smart railways. Whereas, Asia-Pacific countries, including China, Japan, and India, are the emerging market for smart railways and it is expected to grow with the highest CAGR in the coming years. The reports also cover country-level analysis: North America o US o Canada o Mexico o Others Europe o Germany o UK o France o Spain o Italy o Rest of Europe Asia-Pacific o China o India o Japan o Rest of Asia-Pacific Rest of the World To know more, click on the link below:- https://www.kenresearch.com/automotive-transportation-and-warehousing/general-transportation/global-smart-railways/156563-100.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Post Views: 4 Tags: Global Smart Railways Market Analysis, Global Smart Railways Market Competition, Global Smart Railways Market Forecast, Global Smart Railways Market Future Outlook, Global Smart Railways Market Growth Analysis, Global Smart Railways Market Opportunities, Global Smart Railways Market Overview, Global Smart Railways Market Research Report, Global Smart Railways Market Revenue, Global Smart Railways Market Shares, Global Smart Railways Market Size, Global Smart Railways Market Statistics, Global Smart Railways Market Trends, Global Smart Railways Market Value