Advanced Systems, Solutions & Devices Will Enable Better Service in the Global Smart Railway Systems Market: TechNavio

LONDON--()--The Global Smart Railway Systems Market is expected to grow at a CAGR of 26.76 percent from 2014-2019, according to a new report from research firm TechNavio.

About the Report

The new report by TechNavio draws attention towards the growing need to automate systems, solutions and devices in order to provide efficient and effective services. Advanced solutions like cloud computing are the fastest emerging technology in the railway industry.

“Cloud computing in railway automation systems not only improves passenger facilities while traveling, but also helps increase railway revenues,” says Faisal Ghaus, Vice President of TechNavio.

“Technological advancements will help railways run their trains on time, and provide real-time information to passengers.”

The TechNavio report also emphasizes the increased adoption of analytics and big data by railways for gaining better knowledge of customer requirements. Adopting a new cloud-based system will allow railways to get a broader view across freight, passenger and logistics operations, thus assisting them in maintaining and managing the railway traffic across their networks more effectively.

“Hitachi is one of the big vendors providing cloud computing and big data services to many railways, so that railway systems can work better,” says Ghaus.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Emergence of Advanced Solutions
    • For a full detailed list, view our report.
  • Market Challenges:
    • High Operating and Maintenance Costs
    • For a full detailed list, view our report.
  • Market Trends:
    • Increased Adoption of Analytics and Big Data
    • For a full detailed list, view our report.
  • Key Vendors:
    • ABB Ltd.
    • Alstom SA
    • Bombardier Inc.
    • GE Transportation
  • Other Prominent Vendors:
    • AEG Belgium
    • Alcatel-Lucent
    • CGI Group
    • DB International

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the railway market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

The Global Smart Railway Systems Market is expected to grow at a CAGR of 26.76 percent from 2014-2019, according to a new report from research firm TechNavio.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com