Global Smart Railways System Market to grow at a CAGR of 26.76% over Forecast period 2015-2019

Albany, NY, Dec 09: 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.

The Global Smart Railway System market to grow at a CAGR of 26.76 percent over the period 2014-2019. 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.

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TechNavio's report, the 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.

Key Regions
- APAC
- Europe
- Middle East
- Latin America
- North America

Key Vendors
- ABB
- Alstom
- Bombardier
- GE Transportation
- IBM

Other Prominent Vendors
- AEG Belgium
- Amadeus IT Group
- Ansaldo
- Alcatel-Lucent
- CGI Group
- Cisco Systems
- Computer Sciences
- DB International
- Hitachi
- Huawei Technologies

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Key Questions Answered in this Report
- What will the market size be in 2019 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?

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