Global Intelligent Railway System Market - Opportunity and Forecast, 2017-2023

Portland, OR -- (SBWire) -- 08/30/2017 --Intelligent railway system offers multifunctional intelligent railway solutions for wagon identification, load detector, flat wheel detection, brake systems, automated train control, and traffic control center systems. Further, the integration of these systems helps lower the complexity of railway scheduling and planning, detect a fault, and improve security and safety of railway assets and the customer.

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The availability of efficient management & planning by intelligent railway system and increase in demand for security and safety passengers is anticipated to drive the growth of the market during the forecast period.

However, high initial investment and infrastructure cost continues to restrain the growth of this market. The adoption of the internet of things (IoT) in providing efficient railway management solutions provides profitable opportunities to market players in the coming years.

Intelligent Railway System Market Key Segments:

By Component

- Hardware
- Software
- Services

By Deployment

- On-premise
- Cloud

By Application

- Anti-Collision System
- Ticketing Management
- Automated Train Control
- Freight Management
- Asset Tracking & Management System
- Others

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By Region

North America

- U.S.
- Canada
- Mexico

Europe

- UK
- Germany
- France
- Russia
- Rest of Europe

Asia-Pacific

- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

LAMEA

- Latin America
- Middle East
- Africa

Key Market Players Profiled In The Report

- ALTRAN
- Atkins Group
- CAMEA, spol. s r.o.
- Iteris, Inc.
- Kapsch Trafficcom
- Lanner Electronics Inc.
- Ricardo PLC
- Siemens AG
- Thales Group
- TransCore