Zion Market Research, the market research group announced the analysis report titled "Smart Railways Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 07/18/2017 -- Global Smart Railways Market: Overview
The smart railway is nothing but the integration of technology in the railway management system. It is not only beneficial for the employees but also for the users. For instance, users can book a ticket online while the employees can verify the tickets online.
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Global Smart Railways Market: Growth Factors
Utilization of advanced vehicle control system, advanced PIS, and different other systems that offer data associated with the real-time position of a vehicle is the crucial factor that is propelling the development of the global market. In addition to this, technological advancements are escalating the growth of the global market. Furthermore, improved logistics is also fueling the global smart railways market growth. In addition to this, rising growth of PIS solution is also escalating the growth of the global market. Further, rising demand from the industry is also fueling the global smart railways market growth.
Global Smart Railways Market: Segmentation
On the basis of the solution, the global smart railways market is mainly classified as the smart ticketing system, passenger information system, rail analytics system, advance security monitoring solution, freight information system, rail communication system, and others.
Further, based on passenger information system, the global market is bifurcated into network connectivity solutions and multimedia information and entertainment solution.
Further on the basis of advance security monitoring solution, the global smart railways market is mainly divided as integrated security solution and video analytics.
Further, based on freight information system, the global market is segmented into freight operation management solution and freight tracking solution.
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Further on the basis of rail communication system, the global smart railways market is mainly classified as a train-to-train solution for communication and ground-to-train solution for communication.
Based on components, the global market is bifurcated into video surveillance cameras, multimedia infotainment displays, networking and connectivity devices, and others.
On the basis of services, the global smart railways market is mainly divided as system integration and deployment, consulting service, managed service, support and maintenance, and others.
Global Smart Railways Market: Regional Analysis
Utilization of advanced vehicle control system, advanced PIS, and different other systems that offer data associated with the real-time position of a vehicle is escalating the global market specifically in the U.S. and Canada. Improved logistics are boosting the global market in India, China, and Japan and remain part of the Asia Pacific. Technological advancements have elevated the global market mainly in many parts of Germany. Also, from the industry is also escalating the global market in Europe. The rest of the world will show a slow growth in the development of the global smart railways market in the near future.
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Global Smart Railways Market: Competitive Players
Some of the key players in the global market for smart railways are Indra Sistemas S.A., ABB Group, Alstom S.A., Bombardier Inc., Alcatel-Lucent S.A., Hitachi Ltd., Huawei Technologies Co. Ltd., Siemens AG, Cisco Systems Inc., General Electric Co., IBM Corporation, Ansaldo STS, and others.
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