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Global Smart Railways Systems Market to Grow at a CAGR of 27.34% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Smart Railways Systems Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 08/26/2016 -- Report forecast the global smart railways systems market to grow at a CAGR of 27.34% during the period 2016-2020.

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.

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:
- Europe
- North America

According to the report, changing travel demands of people will be a key driver for market growth. Railways are considered as the fastest mode of transportation in most regions (after airway services). The railways industry also plays a major role in the economic growth of a country. Most of the countries are investing more in their railway systems as people prefer to travel by train rather than by roadways and airways. For instance, the Middle East countries are spending a lot of funds on making their railway systems better and more advanced. The UAE has installed ERTMS in its newly constructed railway line operated by Etihad Railways. Turkey is also expected to have new high-speed Level 1 and Level 2 ERTMS lines starting from Ankara, Turkey. As railways are emerging as the preferred mode of transportation among customers, these factors are driving the market for smart railway systems during the forecast period.

Further, the report states that high operating and maintenance costs will be a challenge for the market. The high cost of installation of a new railway system and services, as well as its operation and maintenance, poses a major challenge for the global smart railways systems market. When a new system is adopted, the management is required to train the employees to operate the system, which adds to the overall costs. Also, the maintenance and software upgrades for the systems are a burden for railway companies. Moreover, if the system fails at any point in time, it may cause massive losses to the end-users of the services, the passengers. Therefore, the system needs to be checked at regular intervals and be properly maintained, thereby lowering the adoption of such systems by railways worldwide.

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 players in the global smart railways systems market: Alstom, Bombardier, Bombardier, General Electric, Hitachi, and IBM.

Other Prominent Vendors in the market are: Huawei Technologies, Indra Sistemas, Siemens, Alcatel-Lucent, Ansaldo STS, ABB Group, CGI Group, Computer Sciences, ZTE, DB International, Kapsch CarrierCom, Kapsch CarrierCom, MRX Technologies, and Rad Data Communications.

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

Market challenge
- Limited capacity constraint
- For a full, detailed list, view our report

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?

Spanning over 55 pages and 25 Exhibit "Global Smart Railways Systems Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market landscape of smart railways solutions market, Market landscape of smart railways solutions market, Market landscape of smart railways services market, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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