Albany, NY -- (SBWIRE) -- 08/11/2016 -- Traffic congestion on roadways and airways has increased the demand for railway transport. It is more feasible and convenient for passengers to travel by train than any other mode of transportation as it can provide faster services at a reasonable price. Moreover, railways are considered as a faster and safer option compared with roadways. The increase in demand for railway transport has made it mandatory for railway operators to make their systems more advanced and automated. A smart railway system comprises solutions, devices and components, and services that automate and optimize the use of railway infrastructure to carry out advanced functions.

Technavios analysts forecast the global smart railways systems market to grow at a CAGR of 27.34% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global smart railways systems market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

Technavio's report, Global Smart Railways Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Alstom
Bombardier
Cisco System
General Electric
Hitachi
IBM
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Other prominent vendors
Huawei Technologies
Indra Sistemas
Siemens
Alcatel-Lucent
Ansaldo STS
ABB Group
CGI Group
Computer Sciences
ZTE
DB International
Kapsch CarrierCom
Larsen & Toubro
MRX Technologies
Rad Data Communications

Market driver
Changing travel demands of people
For a full, detailed list, view our report

Market challenge
Limited capacity constraint
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Market trend
Increased adoption of analytics and big data
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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