DUBLIN--(BUSINESS WIRE)--The "Connected Rail - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Connected Rail market worldwide is projected to grow by US$40.6 Billion, driven by a compounded growth of 6.1%
Passenger Mobility & Services, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$23.4 Billion by the year 2025, Passenger Mobility & Services will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 6.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.9 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.9 Billion worth of projected demand in the region will come from the rest of the European markets. In Japan, Passenger Mobility & Services will reach a market size of US$2.7 Billion by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.9% over the next couple of years and add approximately US$7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- CalAmp Corporation
- Cisco Systems, Inc.
- Hitachi Ltd.
- Huawei Investment & Holding Co., Ltd.
- IBM Corporation
- Nokia Corporation
- Robert Bosch GmbH
- Siemens AG
- Sierra Wireless, Inc.
- Tech Mahindra Ltd.
- Trimble, Inc.
- Wabtec Corporation
For more information about this report visit https://www.researchandmarkets.com/r/qmz7kr