DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kdgnmd/smart_railways) has announced the addition of the "Smart Railways Market - Global Forecast to 2020" report to their offering.
The report forecasts the smart railways market size to grow from USD 5.34 Billion in 2015 to USD 13.77 Billion by 2020, at a CAGR of 20.8% from 2015 to 2020. Railways are considered as an important mode of transportation for the economic and demographic development of the growing regions.
It is one of the preferred modes of transportation for both passengers and freight businesses. Transportation authorities across the world are putting more emphasis on improving rail infrastructure by exploring advanced and cost-effective ways to enhance the performance of rail network and communication and increase the overall rail capacity.
Solutions such as predictive analytics, freight operations management, demand forecasting and capacity planning, train location tracking system, revenue analytics, integration and optimization of systems, passenger infotainment, rail traffic system, video surveillance and analytics, and smart ticketing are expected to help improve smart rail infrastructure.
The introduction of smart cities and smart transportation across the globe is expected to provide massive opportunities for the smart railways market in the coming years. The smart transportation systems are likely to trigger the deployment of various advanced rail management systems and solutions that will allow the companies to manage optimal routes, schedules, and capacities in near real time. Smart technologies such as integrated service management solutions, asset management software, and predictive analytics solutions are expected to play an important role in the overall growth of solutions and services market of smart railways.
The increasing rail spending for the up-gradation of overall rail infrastructure across the globe, with a major boom from Asia-Pacific and European countries would drive the demand for intelligent rail automation solutions. The author outlines the key trends that will shape the evolution of the passenger and freight rail industry. Smart railway infrastructure services and solutions are poised to catalyze the next phase of growth in the rail transportation industry.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Smart Railways Market Overview
6 Smart Railways Market: Industry Trends
7 Smart Railways Market Analysis, By Solution
8 Smart Railways Market Analysis, By Service
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- ABB Ltd.
- Alstom SA
- Cisco Systems Inc.
- General Electric Company
- Huawei Technologies Co. Ltd.
- Indra Sistemas
- Ltd. IBM
- Siemens AG
For more information visit http://www.researchandmarkets.com/research/kdgnmd/smart_railways