Global Connected Rail Market to Reach $77 Billion by End of 2017: Key Players are Siemens AG, IBM Corporation, Cisco Systems, Nokia, Robert Bosch Gmbh, ATOS Corporation, Hitachi & Tech Mahindra - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Connected Rail Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering.

The global connected rail market is estimated to grow at a CAGR 6.42% during forecast period 2016-2023. The net worth of the market is projected to be $77.27 billion by 2017. An increase in global population and advancements in technology such as IoT and cloud services have created vast opportunities for global connected rail market and this market has very large scope of growth in the during the forecasted period.

According to international union of railways, Europe has the safest connected rail network in the world. The Europe region is expected to occupy the largest connected rail market share in 2017. This has resulted into the increase in the market revenue in current years, and is projected to reach $105.44 billion by 2023 with rail manufacturers and technology innovators serving not only to the domestic requirement but catering to overseas demand also.

Technology inventive key market players like Siemens, Bombardier, Atos, Robert Bosch and among others are evolving and inventing new technologies, in order to meet the consumer demands. The connected rail market is expected to be dominated by Asia-Pacific (APAC) region in the year 2023, due to the increase in the population, increasing number of rail projects and growing economy.

Companies Mentioned

  • Atos Corporation (France)
  • Calamp Corporation (U.S.)
  • Cisco Systems (U.S.)
  • Hitachi (Japan)
  • Huawei (China)
  • IBM Corporation (U.S.)
  • Nokia Corporation (Finland)
  • Robert Bosch Gmbh (Germany)
  • Siemens Ag (Germany)
  • Sierra Wireless Company (Canada)
  • Tech Mahindra Company (India)
  • Trimble Inc. (U.S.)
  • TSTS Company (Japan)
  • Wabtec Corporation (U.S)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/t6gpct/global_connected

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Rail

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Rail