Press release
Global IT Spending In Railways Market to grow at a CAGR of 15.93% during the period 2016-2020
"The Report Global IT Spending in Railways Market 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"Description
About Information Technology Spending in Railways
Railway infrastructure plays a vital role in the economic and social development of a country. Globally, the traffic congestion on roads has increased. As a result, people choose trains as a mode of transportation as it is a more feasible and convenient option, especially for long-distance traveling. The rise in passenger and freight traffic has led to a surge in the adoption of IT solutions in railways.
Integration of IT solutions has not only improved operational efficiency and passenger travel experience but also reduced overall costs. Therefore, IT solutions have become a core component of almost all railway operations from ticketing to logistics handling to catering. Railway systems have improved significantly in the fields of security, operations, and customer services with the extensive use of information communications and technology (ICT). New technologies, such as Internet Protocol (IP)-based networks and high bandwidth systems, are used to strengthen security and safety in railways. Mobile services are integrated with railway information systems to improve customer services and enhance travel experience.
Technavios analysts forecast the Global IT Spending on Railways Market to grow at a CAGR of 15.93% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global IT spending on railways market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.
Download Detail Report With Complete TOC at: http://www.marketresearchreports.biz/sample/sample/685189
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Information Technology Spending in Railways 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 vendors
Accenture plc
ALTEN SA
Altran Technologies SA
IBM Corp.
SAP SE
Other prominent vendors
ABB
Alcatel-Lucent
Alstom
Ansaldo
Bombardier
Capgemini
CGI Group
Cisco Systems
CSC
GE Transportation
Hitachi
Huawei Technologies
Indra Sistemas
Infosys
Siemens
TCS
Tech Mahindra
Wipro
Market driver
Need to improve efficiency and reduce cost
For a full, detailed list, view our report
Market challenge
Increased complexity and cost in technology adoption
For a full, detailed list, view our report
Market trend
Emergence of new technologies
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?
Browse all latest Press Releases of Market Research Reports
at: http://www.marketresearchreports.biz/pressreleases
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports.
MarketResearchReports.Biz services are specially designed to save time and money for our clients.
We are a one stop solution for all your research needs, our main offerings are syndicated research
reports, custom research, subscription access and consulting services. We serve all sizes and types
of companies spanning across various industries.
Contact
Mr. Nachiket
90 Sate Street,
Suite 700 Albany,
NY 12207 USA
Tel: +1-518-621-2074
Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
E: sales@marketresearchreports.biz
Follow us on LinkedIn: https://www.linkedin.com/company/marketresearchreports-biz
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global IT Spending In Railways Market to grow at a CAGR of 15.93% during the period 2016-2020 here
News-ID: 352425 • Views: …
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in…
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume…
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with…
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is…
More Releases for Tech
Kitimat's Quiet Tech Revolution: Retired Tech Founder Launches Kitimat Digital
Image: https://www.globalnewslines.com/uploads/2025/05/fe744bd61d32383b1190af80ca522635.jpg
KITIMAT, BC - In a town shaped by industry and community, one digital venture is quietly helping small businesses step into the modern age.
Kitimat Digital, incorporated in British Columbia in 2024, was founded by a retired tech professional with a background in operating digital firms in Calgary and Houston. After settling in Kitimat for a slower pace of life, he noticed a clear need: many businesses in the area…
Tech Cuboid: Revolutionizing the Tech Landscape
In an era where technology evolves at breakneck speed, staying ahead of the curve is no longer optional-it's essential. If you're navigating the dynamic world of tech in the USA, you've likely heard of Tech Cuboid, a name that's rapidly becoming synonymous with innovation, reliability, and cutting-edge solutions. But what exactly is Tech Cuboid, and why should it matter to you? Let's dive into how this groundbreaking platform is reshaping…
Evan Ceron: Pioneering Tech Solutions With Tech Remedies
Image: https://www.getnews.info/uploads/a067156d14b9c9aaa532de3166992962.jpg
Since embarking on his technical journey in 2009, Evan Ceron has steadily built a reputation as a seasoned professional in the tech industry. His journey began with a solid foundation in technical education at Bellevue College in Washington, where he acquired the skills and knowledge that would later serve as the bedrock of his entrepreneurial aspirations. This period of education not only equipped him with critical technical expertise but…
GAM Tech Acquires Cyber Tech 360: Expanding Expertise and Innovation
GAM Tech, a leading provider of managed IT solutions and professional services, is thrilled to announce its acquisition of Cyber Tech 360, a recognized leader in cybersecurity services and advanced managed IT solutions. This strategic acquisition broadens GAM Tech's service offerings, resulting in a comprehensive portfolio to better service small and medium-sized businesses across Canada.
The combined company will operate under the GAM Tech brand. Cyber Tech 360 will be…
Girls in Tech Singapore rebranding to Sponsors in Tech
SINGAPORE - 16th JULY 2024 -
With the closure of Girls in Tech, Inc., the local Girls in Tech - Singapore chapter is proud to announce its rebranding as "Sponsors of Tech - Empowering Her Journey." This new identity marks a significant milestone for the organization and our community, reflecting our ongoing commitment to supporting girls and women in tech throughout their careers.
As a non-profit organization, Sponsors of Tech - Empowering…
3-Axis Handheld Gimbal Stabilizers Market Analysis and Growth by Top Manufacture …
A report added to the rich database of Qurate Business Intelligence, titled “3-Axis Handheld Gimbal Stabilizers Market - Global Industry Analysis and Forecast to 2023”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the…
