Smart Railway Market Advance Transportation with Emerging Opportunity Analysis by Major Company Players 2021-2027

Rising adoption of IoT (Internet of Things) in railway infrastructure is one of the major factors driving growth of the market. Rising number of railroad accidents is another factor driving growth of the market. For instance, according to the analysis of Transport Safety Board of Canada, in Canada, the number of rail accidents occurred in 2013 was 1,036, which increased to 1,201 in 2014.

These IoT devices communicate through the clouds to transmit data among themselves, send and receive instructions from the control centers, provide data, which in turn help rail operators to identify trains that are operating normally and the ones that need to be improved, information on what units need to be maintained, which train requires maintenance, and many more, which further increases the safety and security of the passengers while travelling. Moreover, adoption of IoT (Internet of Things) help in gaining a better knowledge of their passenger’s requirements such as the current status of a train, seat availability, freight management, and many more, which further helps in improving overall services of the railway. Hence, these factors are propelling growth of the smart railway market.

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Who are the key players operating in the global Smart Railway market?
Major players operating in the global smart railway market include Alcatel-Lucent International, ABB Ltd, Ansaldo STS, Alstom SA, Cisco Systems, Inc., Bombardier Transportation, GE Transportation, CGI Group Inc., Huawei Technologies Co. Ltd., Indra Sistemas, S.A., Hitachi Ltd., Computer Sciences Corp., ZTE Corporation, IBM Corporation, and Siemens AG.

What is the of the Smart Railway Market Taxonomy?
By Component Type:
• Video Surveillance Cameras
• Networking and Connectivity Devices
• Multimedia Infotainment Displays
By Service Type:
• Professional Services
◦ Consulting Services
◦ System Integration and Deployment
◦ Support and Maintenance
• Managed Services

By Solutions:
• Passenger Information System
◦ Multimedia Information and Entertainment Solution
◦ Network Connectivity Solution
• Freight Information System
◦ Freight Operation Management Solution
◦ Freight Tracking Solutions
• Advanced Security Monitoring System
◦ Video Analytic
◦ Integrated Security System
• Rail Communication and Networking System
◦ Ground-To-Train Communication Solution
◦ Train-To-Train Communication Solutions
• Smart Ticketing System
• Rail Analytics System
• Railway Traffic Management System
• Rail Operations Management System

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