MARKET INTRODUCTION

Railways are one of the most used transportation across the globe, especially in developing economies. The growing need for smart and efficient transportation system is booming the growth of the smart railways market. The rapid expansion of the rail infrastructure and growing transportation through railway is increasing demand for the smart railway that fuels the growth of the market. The rising trends of application in machine-to-machine communication and growing integration of smart system to improve the rail communication system is further augmenting the growth of the smart railways market.

MARKET DYNAMICS

The rising need for connectivity, the growing integration of IoT-based solutions, and higher emphasis on reducing emissions are some of the factors which are propelling the growth of the smart railways market. Technological development in public transportation, such as the introduction of the digital railway, intelligent transport systems, and smart mass transit which boosting the growth of the smart railways market. The smart railway offers various benefits such as improve transportation efficiency, and reduce railway transportation energy consumption, thus raising demand for the smart railways market.

MARKET SCOPE

The "Global Smart Railways Market Analysis To 2028" is a specialized and in-depth study of the smart railways industry with a special focus on the global market trend analysis. The report aims to provide an overview smart railways market with detailed market segmentation by component, solution, services, and geography. The global smart railways market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart railways market players and offers key trends and opportunities in the smart railways market.

MARKET SEGMENTATION

The global smart railways market is segmented on the basis of component, solution, services. On the basis of component the market is segmented as sensor, camera, IoT gateway, network and cloud, cloud analytics, data security, others. On the basis of solution the market is segmented as passenger information system, freight information system, advanced security monitoring system, communication and networking system, smart ticketing system, others. On the basis of services the market is segmented as professional services, system integration and deployment, support and maintenance, managed services.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart railways market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart railways market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart railways market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart railways market in these regions.

MARKET PLAYERS

The reports cover key developments in the smart railways market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart railways market are anticipated to lucrative growth opportunities in the future with the rising demand for smart railways in the global market. Below mentioned is the list of few companies engaged in the smart railways market.

The report also includes the profiles of key smart railways companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- ABB
- Alcatel-Lucent S.A
- Alstom SA
- Bombardier Inc.
- Cisco Systems, Inc.
- General Electric Corporation
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Siemens AG

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.