[165 Pages Report] Smart railways market size, analysis, trends, & forecasts. The global market for smart railways categorized by solutions, services & by region.

1. Smart Railways Market is expected to grow $39.0 billion by 2024

2. Scope of The Report
By Solutions
The research report categorizes the Smart Railways Market
to forecast the revenues and analyse the trends in each of the following subsegments:
• Passenger Information System
• Freight Management System
• Security and Safety Solutions
• Rail Communication and Networking System
• Smart Ticketing System
• Rail Analytics System
• Rail Asset Management and Maintenance Solutions
• Rail Operation and Control Solutions
By Services
• Professional Services
o Consulting
o System Integration and Deployment
o Support and Maintenance
• Managed Services
And More…

3. Key Segments
The adoption of smart communication solutions across varied applications of
railway management help improve timely decision-making for issues, such a
s asset deployment, utilization, and maintenance.
Rail companies fully rely on efficient and reliable asset operations and rail infr
astructure to successfully meet these growing demands.
The growing demand to outsource the maintenance of smart railways solutions
is anticipated to drive the demand for managed services in the market.
1
2
3
4
5 The rail analytics system segment is projected to grow at a highest CAGR during the for
ecast period. This growth can be attributed to increase in the use of analytics for improv
ement in asset utilization and reduce inventory.
Major factors expected to drive the growth of the smart railways market include technol
ogical advancements targeted toward the enhancement of customer experience, gover
nment initiatives for smart cities and Public-private partnership (PPP) working model, a
nd adoption of Internet of Things (IoT) and automation technologies to enhance optimiz
ation.

4. Market Growth Rate
2019 2024
Market Size of
$ 20.5 billion
Market Size of
$ 39.0 billion13.7%
CAGR

5. Key Vendors
• Alstom (France)
• Cisco Systems (US)
• Wabtec (US)
• ABB (Switzerland)
• IBM (US)
• And More
Major Players
View Report Here - https://www.marketsandmarkets.com/Market-Reports/
smart-railways-market-960.html

6. Major Regions
• North America
• Europe
• APAC
• MEA
• Latin America
 North America is expected to lead
the market
It is the most advanced region in
terms of technology adoption &
IT infrastructure.

7. • What are the current technology trends driving the smart railways market?
• What are the various regulations directly impacting the adoption of market solutions?
• Where will all these developments take the industry in the mid- to long-term?
• Which companies are top vendors in the market and how is the competitive scenario of
the market?
• What are the drivers and challenges of the smart railways market?
Key Questions Addressed by the Report:

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