Global Smart Railways System Market, is expected to witness an impressive growth rate with a CAGR of 26.76 percent during the period 2014-2019.
Deerfield Beach, FL -- (SBWIRE) -- 07/16/2015 -- Global Smart Railways System Market 2015-2019
Traffic congestion on roadways has increased the demand for railways. Compared to other modes of transportation, people find trains are more feasible and convenient to travel. Moreover, railways are considered as a safer and cleaner option when compared to roadways. An increase in the 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, which automates and optimises the usage of railway infrastructure to carry out advanced functions. It has several components such as passenger reservation and information systems, freight operation information systems, railway traffic management, operations and asset management, IP-based security monitoring, communications, ticketing, and railway analytics.
Global Smart Railway System market to grow at a CAGR of 26.76 percent over the period 2014-2019.
The new report draws attention towards the growing need to automate systems, solutions and devices in order to provide efficient and effective services. Advanced solutions like cloud computing are the fastest emerging technology in the railway industry.
"Cloud computing in railway automation systems not only improves passenger facilities while traveling, but also helps increase railway revenues."
"Technological advancements will help railways run their trains on time, and provide real-time information to passengers."
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Covered in this Report
The Global Smart Railway System market can be divided into three segments: Solutions, Devices and Components, and Services. The products in these segments help railway operators automate their systems and provide an efficient service to their customers.
Global Smart Railway System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, the Middle East, and North America; it covers the Global Smart Railway System market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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The report also emphasizes the increased adoption of analytics and big data by railways for gaining better knowledge of customer requirements. Adopting a new cloud-based system will allow railways to get a broader view across freight, passenger and logistics operations, thus assisting them in maintaining and managing the railway traffic across their networks more effectively. "Hitachi is one of the big vendors providing cloud computing and big data services to many railways, so that railway systems can work better,"