What's driving the Smart Railways Market Size? IBM Corporation, ALE International, Huawei Technologies Co. Ltd, Siemens AG, Hitachi Ltd, Tata Consultancy Services Limited, Moxa Inc., Thales Group, General Electric Company.
Global Smart Railways Market is valued approximately at USD 20.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.7% over the forecast period 2020-2026. Smart railways incorporate information and communication technology to the railway structure to provide new-generation services and solutions for rail transport and operations.
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The regional analysis of global Smart Railways market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing have well-established railway infrastructure, and several railway operators in the region use some of the most advanced smart railways solutions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as the emergence of megacities, public-private partnership (PPP) projects for the smart railway system would create lucrative growth prospects for the Smart Railways market across Asia-Pacific region.
Similarly, in May 2019, Huawei partnered with Bombardier, to provide turnkey communication solutions for yellow and pink monorail lines in Bangkok. The market also seeks opportunities due to the emerging trend of smart cities along with autonomous Trains. However, lack of ICT infrastructure impedes the growth of the market over the forecast period of 2020-2026.
For instance, in July 2019, Cisco aligned with Google, aiming to offer, access to free and high-speed Wireless Fidelity (WiFi) at public locations in India. According to company, Cisco would offer network infrastructure for Google Station Service on numerous public locations, including railway stations.
The emergence of the Internet of Things has driven technological advancements in the areas across the network, sensors, radio access, and other systems. Radio-based communication network offers Wi-Fi, Bluetooth and 3G, and 4G services to utilize smart railways projects.
It also offers reliable and advanced services to commuters to meet the growing consumer demand for safe and efficient services. This helps in improving passenger experience, operational efficiency and offers high returns on investments. The demand for smart railway is accredited to the growing demand for cloud-based services and increased adoption of IoT technology.
Major market player included in this report are:
o Cisco Systems Inc.
o IBM Corporation
o ALE International
o Huawei Technologies Co. Ltd
o Siemens AG
o Hitachi Ltd
o Tata Consultancy Services Limited
o Moxa Inc.
o Thales Group
o General Electric Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
o North America
o Asia Pacific
o Latin America
o Rest of the World
Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017, 2018
o Base year - 2019
o Forecast period - 2020 to 2026
Target Audience of the Global Smart Railways Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
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Table of Content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Smart Railways Market, by Region, 2018-2026 (USD Billion)
1.2.2. Smart Railways Market, by Offering, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Railways Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Railways Market Dynamics
3.1. Smart Railways Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Railways Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
COVID-19 Impact on Global Interior Design Market Size, Status and Forecast 2020-2026.
Interior design is based on the nature of the use of the building, their environment and the corresponding standards, the use of the material and technical means and architectural design principles to create a rational function, comfortable and beautiful, to meet the people's material and spiritual needs of the indoor environment.
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